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North American Savings Bank Review 2022

Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications. Updated November 10, 2022 Bankrate logo

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On This Page

At a glance

3.8 Bankrate Score CDs Checking Savings MMA About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Overview

NASB is good for savers who want liquidity, higher yields and online account accessibility. If you like NASB’s products, rates and terms but don’t live in Missouri, banking online with NASB is a good option.

Highlights

Compare offers Advertiser Disclosure

Advertiser Disclosure

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

How We Make Money

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer details

Capital One

Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer details

Capital One

Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer details

Bask Bank

Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY.

Overall

NASB is a midsize Kansas City bank with brick-and-mortar branches, as well as online banking services, digital wallets and a mobile app that broadens its reach and appeal. It offers attractive yields on CDs, checking, savings and money market accounts. It has a “switch kit” that helps ease the transfer of funds from other banks.

Pros

NASB is a full-service bank with branch locations, as well as online and mobile banking. Its best yields on deposit accounts are competitive and beat the big traditional banks. It is an established bank, founded in the 1920s, and is FDIC-insured. Customers have fee-free access to over 24,000 ATMs, including those in the MoneyPass network.

Cons

You can find banks that pay higher yields. It has a limited number of branch locations.

North American Savings Bank bank products

Savings CD Money Market Checking 2.2 Bankrate Score

North American Savings Bank savings overview

NASB offers six savings accounts, plus an IRA savings account. Bankrate focused on Performance Savings for this review. The account requires $5,000 to open and levies a $7.50 monthly fee if the balance dips below that. The rate is well above average but below what some online banks offer. The highest APY requires a balance of at least $75,000.

There is also a savings account for youths under age 18, a Super Saver account that pays a decent APY on balances of $15,000 and up, a basic Statement Savings account and an assortment of other accounts with different features. All accounts incur a $7.50 monthly maintenance fee if minimum balances are not maintained. Accounts can be opened online or in a branch, and come with access to online and mobile banking.

Pros

Yields are better than average. The bank offers a variety of savings accounts for different needs.

Cons

You can find higher yields at other banks. The highest yielding account requires a $15,000 deposit. A monthly fee is charged if balances fall below the minimum. Compare Offer Advertiser Disclosure

Advertiser Disclosure

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

How We Make Money

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer details

Capital One

Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. 4.7 Bankrate Score

North American Savings Bank CD overview

The bank offers 10 terms of CDs, most of which must be opened in a branch. The 15-month online CD pays a very competitive APY. NASB checking customers can earn higher interest rates on CD products based on aggregate balances in checking account(s) of which they are the primary or secondary account holder.

The minimum deposit to open a CD is $1,000, except for the 12-month IRA CD, which requires $100. All in-branch CDs can be opened as IRAs.

Pros

The bank has a good selection of CD terms. Opening deposit requirements are reasonable. In-branch CDs can be opened as IRAs.

Cons

While the bank’s highest yields are better than average, higher yields can be found at other banks. Most CDs must be opened at a branch. Compare Offer Advertiser Disclosure

Advertiser Disclosure

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

How We Make Money

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.10 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer details

Capital One

Member FDIC CD Details 4.10 % APY Min. deposit Term Get peace of mind with fixed rates and guaranteed returns. 3.0 Bankrate Score

North American Savings Bank money market overview

NASB offers the Premium Money Market account, which requires $1,000 to open and pays a competitive APY. There are two rate tiers, with a $25,000 balance required to earn the higher APY. A $7.50 monthly service fee applies, unless a $1,000 balance is maintained. The account can be opened online or at a branch and comes with check writing, and online and mobile banking.

Pros

The highest yields far exceed what most traditional banks offer. It comes with check writing, as well as digital banking tools.

Cons

The higher yield requires a $25,000 balance. Higher yields are available at a variety of online banks. 4.3 Bankrate Score

North American Savings Bank checking overview

NASB has three checking accounts. For this review, we focused on Advance Checking, which requires only $100 to open, and comes with online and mobile banking, including mobile bank deposit. A monthly minimum balance of $100 is required to avoid a $7 monthly fee. There is no surcharge to use MoneyPass ATMs. The overdraft/nonsufficient fund fee is $32, slightly less than the .NASB also offers the interest-bearing Prosper Checking account, which pays a top-tier APY on balances of $5,000 and higher, provided other criteria are met. It comes with cellphone protection and other perks. Prosper requires $1,500 to open.

Prosper and Advance checking have an $8 inactivity fee if the accounts aren't used for six months. Thrive Checking requires $100 to open and charges a $6 monthly fee.

Pros

The checking account selection fits customers with different needs. All accounts come with the full suite of NASB digital banking tools. The interest-bearing Prosper account pays very competitive APYs. Some accounts come with perks, such as cellphone protection.

Cons

The ceiling for the top APY on the Prosper account is $49,999. The Prosper and Advance accounts charge an $8 fee if there is no activity for six months. Compare Offer Advertiser Disclosure

Advertiser Disclosure

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

How We Make Money

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. To open To avoid fees Offer details Offer details

SoFi

Member FDIC Checking Account Details 2.50 % APY To open To avoid fees

Bank experience

NASB serves customers in the Kansas City area who like branch banking, as well as those who prefer online and mobile banking. Its mobile app is highly rated in the Apple App and Google Play stores. NASB’s debit card works with Apple Pay, Google Pay and Samsung Pay for making purchases using a mobile phone. Its partnership with MoneyPass expands its ATM network well beyond the Kansas City area. Customer service is available by phone, but the hours of availability are not posted on the website.

About North American Savings Bank

North American Savings Bank, headquartered in Kansas City, Missouri, is a full-service bank that offers checking, savings, money market and CD accounts, as well as mortgages, commercial loans and more. It has 10 branches and three mortgage loan offices in Kansas City. It offers online and mobile banking, along with access to over 24,000 surcharge-free ATMs in the MoneyPass network.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .