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  Frost Bank Savings Account

Frost Bank Savings Account

in Savings Accounts from Frost Bank · fdic

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Frost Bank Savings Account

Unaffiliated

in Savings Accounts from Frost Bank · Member FDIC

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Highlights
Monthly Fee $0 - $3.50
APY (Annual Percentage Yield) 0.1%
APY Minimum Balance N/A

Frost Bank Savings Account Review

Frost Bank Savings Account is offered by Frost Bank, a bank founded in 1868 and based in San Antonio, TX. Frost Bank Savings Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Higher than average APY. Frost Bank Savings Account has an annual percentage yield of up to 0.1%, which is higher than the national average interest rate on savings accounts.
  • $0 monthly Service Charge available. This account charges a monthly service fee of up to $3.50, but the fee is waived if you keep a minimum balance of $300.
  • No ATM fees. Frost Bank Savings Account does not charge fees on ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through Frost Bank.
Frost Bank savings account Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • Access to physical branches.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Monthly service charge.
Frost Bank savings account FAQ

Are savings accounts from Frost Bank federally insured?

Yes, your Frost Bank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Frost Bank offer a signup bonus?

Frost Bank savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Frost Bank savings account?

The minimum deposit to open a Frost Bank savings account is $50.
Frost Bank Savings Account Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $300
Minimum Opening Deposit Starting at $50

What APY does Frost Bank offer?

Frost Bank savings account offers an APY of 0.1% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Frost Bank savings account charge?

Frost Bank savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $300.

  • Incoming domestic bank transfers come with a $15 fee.
  • Incoming international bank transfers come with a $15 fee.

What features and perks does Frost Bank savings account offer?

This savings account includes the following features:

  • Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
  • Fraud monitoring - Frost Bank savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Frost Bank savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to Frost Bank savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Frost Bank savings account?

The customer support email for Frost Bank savings account is webhelp@frostbank.com.

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Other Services by Frost Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $300
Minimum Opening Deposit Starting at $50
Wire Transfer Fee - Domestic (Outgoing) $0
Wire Transfer Fee - International (Outgoing) $0
Monthly Fee $0 - $3.50
Returned Deposit Fee (Domestic) $5
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - International (Incoming) $15
Bauer Financial A+/A Rating
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Branch Access
APY (Annual Percentage Yield) 0.1%

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