NBKC Bank Review 2021

Published January 2021 by Mary Wisniewski

AT A GLANCE
4.2

Bankrate Score

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High APYs

No monthly fees

NBKC Bank is a good choice for customers who like to bank online, get competitive rates and avoid the array of fees many banks charge.

  • MMAs
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    4.4
  • CDs
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    4.2
  • Checking
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    5.0
  • MORE HIGH-YIELD OPTIONS
    MORE HIGH-YIELD OPTIONS
    Goldman Sachs Bank USA

    Member FDIC

    Savings account

    0.50 % APY

    $ 0

    Min. balance for APY

    Quontic Bank

    Member FDIC

    Checking account

    1.01 % APY

    $ 100

    To open

    $ 0

    To avoid fees

    Overall

    4.2

    Bankrate Score

    NBKC offers competitive rates on deposit accounts for business and personal customers.

    What we like

    • NBKC offers competitive yields on deposit accounts.

    • It doesn’t charge fees for overdrafts.

    • The minimum deposit required to open a CD is low.

    What we don't

    • It’s not a bank for customers who like branch banking unless they live in the Kansas City metro area.

    • There are other banks that pay higher yields on deposits.

    Money market accounts

    4.4

    Bankrate Score

    The yield on a NBKC money market account is lower than some banks, but it’s very competitive. Another standout feature is that there is no monthly fee. You can get a debit card for the account, too.

    What we like

    • The account comes with an optional Mastercard debit card (ATM only).

    • The APY is far better than what most traditional banks offer.

    • There is no monthly fee.

    What we don't

    • There are still some other banks that pay higher yields.

    CD rates

    4.2

    Bankrate Score

    NBKC offers competitive yields on certificates of deposit and a broad range of terms, including: 3-month, 6-month, 1-year, 2-year, 3-year, 4-year and 5-year terms.

    For some of the CD terms (two years or more), you only need $250 to open a CD. For 3-month CDs, 6-month CDs and 1-year CDs, you will need to deposit $1,000 — which is still on the lower end.

    What we like

    • The bank offers a broad range of deposit terms.

    • The bank offers competitive rates.

    • NBKC’s minimum opening balances are low.

    What we don't

    • You can get slightly higher yields at other banks.

    Checking accounts

    5.0

    Bankrate Score

    OTHER CHECKING OFFERS YOU MAY LIKE
    Quontic Bank

    Member FDIC

    Checking account

    1.01 % APY

    $ 100

    To open

    $ 0

    To avoid fees

    With NBKC’s checking account, you won’t pay a monthly fee.The bank won’t charge you overdraft fees either.

    As a NBKC customer, you have access to a network of more than 34,000 free ATMs across the country.

    The account also pairs with digital budgeting features to help you know where your money is going.

    What we like

    • There are no overdraft fees.

    • There is no minimum opening deposit requirement.

    • The bank offers digital budgeting tools, including letting you link your outside bank accounts so that you can see where your money is going under a single portal.

    What we don't

    Bank experience

    NBKC Bank is a good choice for customers who want to do their banking online. It is a full-service community bank that only supports a few physical branch locations. Most of its business is done online.

    Customer service via live chat is available only during normal bank hours, 9 a.m. to 6 p.m. weekdays, Eastern time.

    About nbkc bank

    NBKC Bank is a FDIC-insured bank that was founded in 1999. NBKC is an online bank, but it also operates four branch locations in Kansas. NBKC (formerly National Bank of Kansas City) serves small businesses and individuals. It does not offer savings accounts.

    Mary Wisniewski Twitter Created with Sketch. @MARYMWISNIEWSKI

    Mary Wisniewski Twitter Created with Sketch. @MARYMWISNIEWSKI

    Mary Wisniewski is a banking editor for Bankrate. She oversees editorial coverage of savings and mobile banking articles as well as personal finance courses. She occasionally writes on fintech trends — a beat she has covered for more than a decade. Mary is a frequent speaker at a variety of leading digital banking events and podcasts, including: Money Next Summit, the Money Experience Summit, the Future of Fintech, Fintech South, Breaking Banks and more. She was named as one of 200 revolutionists in fintech and one of top 100 fintech influencers in 2019. She was also a judge for the Finovate Awards in 2020 and 2019. Previously, Mary covered fintech for American Banker and edited op-eds for the publication's BankThink section. She was also a blogger and editor at Bank Innovation and served as a fashion editor for National Jeweler, where she reported on fashion shows and jewelry news. Her work has appeared in American Banker, Bankrate, the Associated Press, Star Tribune, Billboard, MSN and more. Her stories are referenced in numerous industry reports, like this one by Deloitte. Mary grew up in the Michigan suburbs and now lives in Los Angeles with a maltipoo, a record player and roller skates.