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Bank OZK Review

Bank OZK

3.0 rating

Foundation Year

Office Address
17901 Chenal Parkway Little Rock, AR 72223

Phone number



  • Low service fees
  • Mobile banking app
  • 15 free online bill payments per month


  • Most accounts are non-interest bearing
  • You are required to get monthly eStatements and must enroll for the service


Bank of the Ozarks (also known as Bank OZK) is a regional bank founded in 1903. It offers various services, including savings account, checking accounts, certificates of deposit (CDs). The bank doesn’t offer a money market account (MMA). The bank also offers business banking services, trust and wealth management.

The bank is headquartered in Little Rock, Arkansas with more than 250 locations in 8 states. The company had $23.55 billion in assets in December 31, 2019.

Who owns the Bank of the Ozarks?

The bank began with a community bank in Jasper, Arkansas in 1903. In 1937, it expanded to a 2nd location in Ozark, Arkansas.

Bank OZK is owned by George Gleason, a lawyer specializing in banking at the Rose Law Firm. The man bought the company in 1979 when it had $28 million in assets and renamed it to Bank of the Ozarks.

Chief stockholders include SSgA Funds Management, Inc., The Vanguard Group, Inc., and BlackRock Fund Advisors.

How can I find Bank OZK?

The bank’s services are available in more than 250 locations in Texas, Georgia, Mississippi, Alabama, Arkansas, North Carolina, South Carolina and Florida. The bank also operates a regional ATM network in the same states.

What does the bank offer?

Products Features
Checking Accounts
  • 5 different account options
  • Both interest-bearing and non-interest-bearing options available
  • Easily waivable monthly fees in most cases
Savings Accounts
  • $100 minimum opening balance
  • Available to children under 18
  • Easily waivable monthly service fee
Certificates of Deposit
  • Terms lengths from 7 days up to 5 years
  • $1,000 minimum opening deposit
  • Rates ranging from 0.05% to 0.45% APY

Bank OZK CD rates

12 Month
0.40% APY
24 Month 0.75% APY
36 Month 1.00% APY
48 Month 1.26% APY
60 Month 1.51% APY

Does Bank OZK have a mobile app?

Yes. You can access your account at Bank OZK online, and some accounts can be opened online as well. Besides, you can manage all checking and savings accounts on your smartphone via the mobile app. On iTunes, the app has a 3.1-star rating.

How to open an account with Bank of the Ozarks?

You can open a checking account or a CD on the bank’s website, and you can also open accounts in a physical branch. For this, you’ll need money to meet the minimum opening deposit requirement for the requested account and identification like a driver’s license or ID card. You’ll also need to provide your Social Security number and your address.

Is Bank of the Ozarks FDIC insured?

Yes. Your account at Bank OZK is insured to the maximum amounts allowed by the Federal Deposit Insurance Corporation (FDIC).

How can I save more money with Bank OZK?

The highest interest rate available at the bank is for the 24-month CD at 0.45% APY, which isn’t high. If you’d like to earn high interest and save more money, you may need to search for another bank.

The MaxYield checking account earns at a 0.05% rate, which is not bad for a checking account. As long as you avoid the monthly fee, this option could be attractive for you.

Conclusion: Is Bank of the Ozarks a good bank?

This bank offers multiple deposit accounts that are accessible both in-person and online. You can easily waive monthly service fees (with the exception of the Bonus Checking account). If you live in one of the areas serviced by the bank and you prefer an in-person experience, Bank OZK could be a good option for you. If you’d like to maximize your saving potential and get the best rate possible, then this company probably isn’t best for you.


3.0 rating

It’s sad that almost every time I want to access my bank account online, it’s always down! The bank is average, nothing special. The employees are nice and friendly. But their online banking is horrible since one can rarely use it because it won’t work.

Miguel Farber
5.0 rating

The staff is always friendly and very professional in taking care of customers. Fast service, no queues. The app works well when I cannot access a branch. I have 2 checking accounts there (business accounts) and will continue to recommend this bank to every person I know. You should give them a try.

Louis Norwood
1.0 rating

Please do NOT use their services! Waste of time especially when you are trying to check your balance online. Please walk away.

Vilma Hare
5.0 rating

They have the best customer service ever. They always know your name and make you feel a VIP person, which I appreciate. Every bank should treat its customers this way. I’m very happy with this bank and will never refuse their services unless some-thing really changes.

Robert Cardenas
1.0 rating

They have the worst app ever. Half the time I can’t access the app, and when it lets me in, it won’t navigate from the home account page to the transactions. It gets worse with every update. Horrible app.

Susan Geiger

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