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North American Savings Bank Review 2022

Updated December 2, 2022
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At a glance

3.8
Rating: 3.8 stars out of 5
Bankrate Score
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CDs

Rating: 4.7 stars out of 5

Checking

Rating: 4.3 stars out of 5

Savings

Rating: 2.2 stars out of 5

MMA

Rating: 3 stars out of 5

About Bankrate Score

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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
Bank logo
Member FDIC
Savings Account
3.25
%
APY
Rating: 3.8 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.25
%
APY
Rating: 3.8 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.00
%
APY
Rating: 3.8 stars out of 5
$0
Min. balance for APY
View offer Arrow Right

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

  • Checkmark

    NASB is a full-service bank with branch locations, as well as online and mobile banking.

  • Checkmark

    Its best yields on deposit accounts are competitive and beat the big traditional banks.

  • Checkmark

    It is an established bank, founded in the 1920s, and is FDIC-insured.

  • Checkmark

    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

2.2
Rating: 2.2 stars out of 5
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

  • Checkmark

    Yields are better than average.

  • Checkmark

    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
Bank logo
Member FDIC
Savings Account
3.25
%
APY
Rating: 3.8 stars out of 5
InfoHover for more
$0
Min balance for APY

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. Read our full review methodology.