North American Savings Bank Review 2023
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At a glance
CDs
Checking
Savings
MMA
About Bankrate Score
Overview
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
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
North American Savings Bank (NASB) is a midsize 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 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
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The bank’s best yields on deposit accounts are competitive and beat the big traditional banks.
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Customers have fee-free access to over 32,000 ATMs, including those in the MoneyPass network.
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The bank offers a kit to make it easy for customers to transfer funds from another bank.
Cons
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You can find banks that pay higher yields.
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Some accounts — CDs in particular — must be opened at a branch, and branch locations are limited to Kansas City, Missouri.
North American Savings Bank banking products
North American Savings Bank savings overview
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
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The High Rate Savings yield is well above average.
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The bank offers a variety of savings accounts for different needs.
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The High Rate Savings account only requires $1 to open.
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No monthly service fee is charged on the account.
Cons
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The APY for other savings account options is much lower than the High Rate Savings account APY.
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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. There’s also a secure messaging system for customers to chat with a representative online.
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.
Review methodology
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.
