At a glance

3.8

Bankrate Score

CDs

Checking

Savings

MMA

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

North American Savings Bank (NASB) is good for savers who want liquidity, higher yields and online account accessibility. Customers looking for branch access will need to be located in the Kansas City area; otherwise, banking online with NASB is a good option.

Highlights

Highly Rated App

Overall

NASB is a mid-size Kansas City bank with brick-and-mortar branches, as well as online banking services, digital wallets and a mobile app. It offers above-average yields on some of its CDs, checking, savings and money market accounts. However, you often need to meet a certain balance requirement to get the highest rates. While many accounts can be opened from anywhere online, some can only be opened in one of the bank’s Kansas City branches.

The bank also has a “switch kit” that helps ease the transfer of funds from other banks.

Pros

The bank’s best yields on deposit accounts are competitive and beat the big traditional banks.
Customers have fee-free access to over 32,000 ATMs, including those in the MoneyPass network.
The bank offers a kit to make it easy for customers to transfer funds from another bank.

Cons

You can find banks that pay higher yields.
Some accounts — CDs in particular — must be opened at a branch, and branch locations are limited to the Kansas City, Missouri area.

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North American Savings Bank banking products

4.4

Bankrate Score

Compare top savings rates

FEATURES

North American Savings Bank savings overview

NASB offers seven savings accounts, plus an IRA savings account. The account scored for this review is the High Rate Savings account. It’s an online account that requires only $1 to open with no monthly fee. The rate is well above average, and it’s earned on balances up to $1.5 million, after which the rate drops significantly.

Other savings account options include an account for kids under age 18, a Super Saver account that pays a low APY on balances of $15,000 and up, a basic Statement Savings account and an assortment of other accounts with different features. All accounts excluding the High Rate Savings 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

The High Rate Savings yield is well above average.
The bank offers a variety of savings accounts for different needs.
The High Rate Savings account only requires $1 to open.
No monthly service fee is charged on the account.

Cons

The APY for most other savings account options is much lower than the High Rate Savings account APY.

Rate history for North American Savings Bank's Savings account

North American Savings Bank

APY

APY last updated between 12/14 and 12/20.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

North American Savings Bank

APY

APY last updated between 12/14 and 12/20.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

4.7

Bankrate Score

Compare top CD rates

FEATURES

North American Savings Bank CD overview

NASB offers terms of CDs between three months and 10 years, most of which must be opened in a branch. The Online CD Specials are offered in terms of 11, 18 and 23 months, and they all earn competitive yields. For the CDs that must be opened in a branch, you’ll earn a higher rate if you are a NASB checking customer — with a tiered APY structure based on your checking account balance. For example, you’d earn a higher CD rate with $10,000 in a checking account than $2,500.

The minimum deposit to open most CDs is $1,000, though this can vary depending on where the customer lives. All in-branch CDs can be opened as IRAs.

Pros

The bank has a good selection of CD terms.
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.
No special CDs, such as no-penalty CDs, are available.

2.6

Bankrate Score

Compare top money market rates

North American Savings Bank money market overview

NASB offers the Premium Money Market account, which requires $1,000 to open and pays a slightly above-average APY. There are two rate tiers, with a $25,000 balance required to earn the higher APY. So long as the $1,000 minimum balance is maintained, you won’t be charged a monthly fee; otherwise, it’s $7.50 a month. The account can be opened online or at a branch and comes with check writing, an ATM card and online and mobile banking.

Pros

The APY is slightly above average.
There’s no monthly fee if you maintain the $1,000 minimum.
The account comes with check-writing privileges and an ATM card.

Cons

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

3.9

Bankrate Score

Compare top checking rates

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.

Through the MoneyPass ATM network, NASB customers have fee-free access to over 32,000 ATMs across the U.S. The fee for overdrafts and nonsufficient funds (NSF) is $32, which is higher than the national average fees, according to Bankrate data. NASB also offers the Prosper Checking account, which offers a tiered interest-earning structure. It comes with cell phone protection, identity theft restoration services and other perks. Prosper requires $1,500 to open.The Advance account charges a fee of $8 if no activity has taken place for six months, and the Prosper account charges the same for six months of inactivity when the balance is less than $5,000. Thrive Checking — which comes with discounts for various retailers — requires $100 to open and charges a $6 monthly fee.

Pros

All accounts come with the full suite of NASB digital banking tools.
The Prosper account earns some interest, with larger balances earning higher APYs.

Cons

The Advance account charges an $8 fee for six months of inactivity, and the Prosper account charges an $8 fee for six months of inactivity if the balance is under $5,000.
There’s a high $32 fee per overdraft.

Bank fees

Fee	Charged?
Overdraft fee	$32
Non-sufficient funds fee	$32
Monthly maintenance fee	$7 for Advance Checking, waived for balances over $100
Out-of-network ATM fee	$0
Excessive transaction fee	$0

Customer experience

Customer support

Branch availability: NASB maintains 10 branches, all of which are located in the Kansas City metropolitan area.

Customer service: NASB offers customer service phone support, although the hours aren’t listed on its website. There is a number that can be called on a 24/7 basis to report lost or stolen cards. Customers can schedule branch appointments on the bank’s website.

Digital experience

The NASB app comes highly rated by iOS and Android users. It allows for mobile check deposit, transferring of funds and recurring online bill payments. The app also offers personal finance management tools for organizing your budget and expenses. Users can also use the app to locate branches and ATMs. App users can also sign up to receive alerts via text or email when select account activity occurs.

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. The bank was established in the early 1920s in Missouri. Today, it has 10 branches and three mortgage loan offices in Kansas City. It offers online and mobile banking, along with access to over 32,000 surcharge-free ATMs in the MoneyPass network.

How does North American Savings Bank compare to other banks?

North American Savings Bank vs. NBKC Bank

Both NASB and NBKC are banks that maintain branches in the Kansas City, Missouri area. Both banks’ offerings include interest-bearing checking accounts and a broad range of CD terms. NASB offers many savings account options while NBKC doesn’t offer any savings accounts.

Rate-wise, both banks offer some accounts with above-average yields, although higher rates can often be found elsewhere. Both banks belong to the nationwide MoneyPass ATM network.

North American Savings Bank FAQs

NASB is best for customers who live in the Kansas City area, where the bank’s branches are located. For those who live outside of that area, it’s best for those who are comfortable completely banking online. Not all NASB accounts offer high yields, so it’s best to shop around to find the best rates.
Yes. NASB is FDIC-insured up to the limit allowed by law: $250,000 per customer, per account.
NASB is based in Kansas City, Missouri, with 10 branches in that area. Some accounts can be opened online by customers who live elsewhere.

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. Read our full review methodology.

North American Savings Bank Review 2024

The Bankrate promise

At a glance

Overview

Highlights

Overall

Pros

Cons

We want to know what you think about North American Savings Bank

North American Savings Bank banking products

North American Savings Bank savings overview

Pros

Cons

Rate history for North American Savings Bank's Savings account

North American Savings Bank CD overview

Pros

Cons

North American Savings Bank money market overview

Pros

Cons

North American Savings Bank checking overview

Pros

Cons

Bank fees

Customer experience

Customer support

Digital experience

About North American Savings Bank

How does North American Savings Bank compare to other banks?

North American Savings Bank vs. NBKC Bank

North American Savings Bank FAQs

Who is North American Savings Bank best for?

Is North American Savings Bank safe?

Is North American Savings Bank a local bank?

Review methodology

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