NBKC Bank Review 2020

Published May 2020 by Libby Wells

AT A GLANCE
4.5
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Bankrate Score

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Rates Trending Up

High APYs

Money

No monthly fees

NBKC Bank appeals to customers who like to bank online, get higher yields on deposits and avoid the array of fees many banks charge. It is not a good fit for people who like branch banking, as branches are very limited in number and location.

  • MMAs
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    4.9
  • CDs
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    4.0
  • Checking
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    4.5
  • MORE HIGH-YIELD OPTIONS
    MORE HIGH-YIELD OPTIONS
    Goldman Sachs Bank USA

    Member FDIC

    Savings account

    1.05 % APY

    $ 0

    Min. balance for APY

    Goldman Sachs Bank USA

    Member FDIC

    CD

    1.10 % APY

    1 yr

    Term

    $ 500

    Min. deposit

    Goldman Sachs Bank USA

    Member FDIC

    CD

    1.10 % APY

    1 yr

    Term

    $ 500

    Min. deposit

    Overall

    4.5

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    Bankrate Score

    NBKC offers competitive rates on deposit accounts for business and personal customers. It is a good option for customers who want a safe place to park and grow their cash and be able to access it and manage it online.

    What we like

    • NBKC offers competitive yields on deposit accounts.

    • The website has calculators to help customers manage money, gauge financial needs and make decisions.

    • NBKC also offers mortgages, credit cards, personal loans and auto loans.

    • No fees for overdrafts, stop payments, cashier’s checks, money orders and some other services.

    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 online-only banks that pay higher yields on deposits.

    Money market accounts

    4.9

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    Bankrate Score

    Money market accounts are a good way to save and earn while still having the flexibility of being able to withdraw money. The yield on an NBKC money market account is lower than some banks, but it’s very competitive. NBKC does not have regular, separate savings accounts; the money market account is its savings account.

    What we like

    • Account comes with an optional MasterCard debit card.

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

    • There is no minimum balance requirement to earn interest.

    What we don't

    • Debit card transactions are limited to six per month.

    • There are online-only banks that pay higher yields.

    • Unlimited monthly direct-deposit of paychecks or government funds.

    CD rates

    4.0

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    OTHER CD OFFERS YOU MAY LIKE
    Goldman Sachs Bank USA

    Member FDIC

    CD

    1.10 % APY

    1 yr

    Term

    $ 500

    Min. deposit

    NBKC offers competitive yields on certificates of deposit and a broad range of terms: 3-month, 6-month, 1-year, 2-year, 3-year, 4-year and 5-year terms. In addition, it offers a 1-year Add-to Starter CD/IRA CD with a minimum deposit of only $25.

    What we like

    • A good range of deposit terms.

    • The bank offers very competitive rates.

    • Minimum opening deposits of only $1,000.

    What we don't

    • You can get slightly higher yields at online-only banks.

    • The interest rate and APY can change after you open a CD account.

    Checking accounts

    4.5

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    Bankrate Score

    OTHER CHECKING OFFERS YOU MAY LIKE
    Simple

    Member FDIC

    Checking account

    1.00 % APY

    $ 0

    To open

    $ 0

    To avoid fees

    With online banking services and a network of over 32,000 ATMs, an NBKC checking account is easy to use and manage.

    What we like

    • Bank reimburses up to $12 per month for out-of-network ATM fees.

    • There are no overdraft fees.

    • The minimum opening deposit is only $5.

    What we don't

    • You can find higher yields at other banks.

    • For customers who write very few checks, an MMA might be a better choice.

    • You get a starter book of checks when you open an account, but after that, you have to buy them.

    Bank experience

    NBKC Bank is a good choice for customers who want to do their banking online. It has highly rated mobile apps for iPhones and Androids. It is a full-service community bank that has only 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. NBKC plans to expand its support hours in 2020. Its website has a lot of calculators and some educational videos and articles.

    About nbkc bank

    NBKC Bank, based in the Kansas City, Missouri, metro area, is an FDIC-insured bank that was founded in 1999. NBKC is an online bank, but it also has four branch locations in Kansas and more than 32,000 no-surcharge MoneyPass ATMs in the United States and Puerto Rico. NBKC (formerly National Bank of Kansas City) serves small businesses and individuals.

    Libby Wells Twitter Created with Sketch. @EAWELLS77

    Libby Wells Twitter Created with Sketch. @EAWELLS77

    Libby Wells, Bankrate's chief copy editor, has more than 30 years of experience as a writer and editor for newspapers, magazines and online publications in South Florida. She has spent most of her career at The Palm Beach Post and Palm Beach Daily News, but she also did a previous stint at Bankrate as the credit card reporter. Libby is a native of Kentucky and a graduate of the University of Kentucky, where she earned a bachelor's degree in journalism. She's an avid fan of the legendary UK Wildcats basketball team.