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NBKC Bank Review 2023

Updated September 14, 2023
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At a glance

3.9
Rating: 3.9 stars out of 5
Bankrate Score
Caret Down

CDs

Rating: 3.8 stars out of 5

Checking

Rating: 4.8 stars out of 5

MMA

Rating: 4 stars out of 5

About Bankrate Score

Overview

NBKC Bank is a good choice for customers who like to bank online or live in the Kansas City area and want an interest-bearing checking account with minimal fees.

Highlights

  • No Monthly Fees
  • ATM Fee Refunds
Compare offers
Info
Bank logo
Member FDIC
Savings Account
4.30
%
APY
APY
Info
As of 12/4/2023
Rating: 4.9 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Promoted offer: It only takes about 5 minutes to open a fee-free account.
Bank logo
Member FDIC
Savings Account
4.30
%
APY
APY
Info
As of 12/4/2023
Rating: 4.4 stars out of 5
$1
Min. balance for APY
View offer Arrow Right
Promoted offer:
Bank logo
Member FDIC
Savings Account
4.65
%
APY
APY
Info
As of 12/4/2023
Rating: 5 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Promoted offer: Plus, no monthly fees and unlimited free external transfers

Overall

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

Pros

  • Checkmark

    NBKC offers competitive yields on some deposit accounts.

  • Checkmark

    It doesn’t charge fees for overdrafts.

  • Checkmark

    The minimum deposit required to open a CD is low.

  • Checkmark

    Customers get out-of-network ATM fee reimbursements.

Cons

  • 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.

NBKC Bank banking products

3.8
Rating: 3.8 stars out of 5
Bankrate Score

NBKC Bank CD overview

NBKC offers a broad range of terms for both its standard and IRA CDs. The standard CDs range from one to five years, with a limited-time special CD for 15 months. All of these CDs pay a solid yield, but you can generally find higher APYs elsewhere. The opening deposit is $250 for CDs with terms of two years or more, but the one-year CD requires a $1,000 opening deposit.

NBKC’s IRA CDs range from three and six months to one to five years. While the opening deposit requirement is just one cent, the yields offered on these CDs are very low.

Pros

  • Checkmark

    The bank offers a broad range of deposit terms.

  • Checkmark

    NBKC’s minimum opening balances are low.

Cons

  • You can get higher yields at other banks.

  • The 15-month CD requires a hefty $10,000 deposit.

Compare Offer
Info
Bank logo
Member FDIC
CD
5.75
%
APY
APY
Info
As of 12/4/2023
Rating: 4.3 stars out of 5
Info
$1000
Min. deposit
9 mo
Term
View offer Arrow Right
Promoted offer:

Bank fees

Fee Charged?
Overdraft fee None
Non-sufficient funds fee None
Monthly maintenance fee None
Out-of-network ATM fee None
Excessive transaction fee None

About NBKC Bank

NBKC Bank is an FDIC-insured bank founded in 1999. NBKC is an online bank, but it also operates four branch locations in the Kansas City metropolitan area. It also partners with the MoneyPass network to give customers access to over 37,000 ATMs.

NBKC (formerly National Bank of Kansas City) serves small businesses and individuals. No savings account is offered.

Bank experience

NBKC Bank 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, email or phone is available from 8 a.m. to 7 p.m. CST, weekdays.

How does NBKC Bank compare to other banks?

NBKC Bank vs. Axos Bank

Axos Bank generally has a wider range of financial products and services, including offering a savings account where NBKC does not. As such, Axos Bank may be the better choice for someone looking to consolidate their finances — which could include their investment portfolio at Axos — under one roof. 

That noted, NBKC offers much higher yields on its CDs and its money market account, which makes NBKC a better choice if you’re just looking for the highest APY. Moreover, NBKC’s checking account offers a robust APY (which isn’t the norm for these types of accounts) with no strings attached. In contrast, to earn Axos Bank’s top yield on its checking account, you must sign up for direct deposit and add a loan payment and investment accounts.

NBKC Bank FAQs

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.