Advertiser Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

NBKC Bank Review

Andrew Omalley Andrew Omalley Last update:

Overview

NBKC Bank has been around since 1999, starting out in Missouri. Since then, it has constantly expanded and now has a huge network of more than 34,000 ATMs across the United States. As well as being known for its good offering of accounts, NBKC Bank has a reputation for being a good provider of mortgages.

This NBKC Bank review will focus mainly on the checking accounts, CDs, and savings account options that this bank provides. Many of these offerings are low-cost and are a great way for people to get up and running with a bank that also has some of the best interest rates.

  • Top-tier APY for savings account
  • 34,000+ no-fee ATMs nationwide
  • Low-cost account options

Get my rate

 

NBKC Bank Account Types

This NBKC Bank online account review mainly looks at the checking accounts, saving accounts, and CDs that people can get their hands on. This will provide you with an insight into what fees you can expect, as well as what the interest rates might. Here is a look at the leading NBKC Bank account types:

NBKC Bank Everything Account

In what is a very unique type of offering, NBKC Bank has combined a checking account with a savings account. This means that you can carry out a wide range of different functions all under the same account. This is a great simplification for those people who want something straightforward when it comes to their banking needs.

There are no minimum balance requirements, zero monthly account fees, and not even any overdraft charges. You are able to earn an APY of 0.25% on your balance, which is pretty decent for this type of offering. You will get your hands on a debit card, allowing you to make free withdrawals on more than 34,000 NBKC Bank ATMs.

You will also be able to get a reimbursement of up to $12 each month for non-NBKC Bank ATM fees. This account also allows you to set up automatic bill payments and saving goals. In all, NBKC Bank one of the best multi-faceted account types on the market today.

 

Account Type Key Features
NBKC Bank Everything Account No monthly fee
APY of 0.25%
Combines a checking and savings account

 

Certificate of Deposit (CDs)

A great way for people to know exactly what rate of return they are going to get on a sum of money is by using a CD. You will lock in the interest rate for the specific time period of the given product. At NBKC Bank, you have a few different types of CDs to take a look at. These will start from three-month durations and go up to five-year periods.

To get started, you will need to meet the minimum opening deposit amount. This varies by time period, with the shorter-term CDs having a $1,000 minimum, with this dropping to $250 for terms of two years or more. The APY rates will start at 0.10% and reach as much as 0.30% for the five-year CDs.

Account Type Key Features
Certificate of Deposit Terms range from three months up to five years
APY ranges between 0.10% and 0.30%
Shorter-term CDs have a $1,000 minimum

 

Other Account Types

NBKC Bank also has a couple of other types of accounts that do not really warrant their own sections as they are very similar to the Everything account type. The Personal Money Market, Personal Health Savings, and Personal IRA Savings accounts will offer an APY of 0.25%, as well as having no minimum opening deposit and a minimum balance required of just $0.01.

NBKC Bank APY

NBKC Bank has some of the best APY rates around for its combined checking and savings account option. At 0.25%, this APY is miles ahead of most of its competitors. Here is a close look at the APY rates to expect when you are considering signing up for an account with NBKC Bank:

Account 1 Year 3 Years 5 Years
NBKC Bank Everything Account 0.25% 0.25% 0.25%
Certificates of Deposits (CDs) 0.20% 0.25% 0.30%

What is an NBKC Bank account best for?

NBKC Bank is the ideal option for someone who is looking to take a simple approach to their banking. The Everything account option combines the best aspects of a checking account and a savings account. This means that everything is going to be in one place, as you can earn interest on your balance as well as being able to conduct normal banking functions like online payments and ATM withdrawals.

It is also a low-cost model as you are not going to pay any sort of monthly fees, with minimal charges in place for other types of banking functions. The absence of minimum deposits and minimum account balances is also a big bonus for those people who are just getting started with their banking needs. With the ability to completely manage everything online, there is a lot to like about NBKC Bank.

Get my rate

Overdraft Fees

Unlike many of its competitors, NBKC Bank does not charge any sort of overdraft fee. Therefore, there is no need for any sort of overdraft protection or any other similar types of provisions. As a whole, NBKC Bank tries to have a low-cost model across the board.

Opening an account at NBKC Bank

You are able to completely set up a new NBKC Bank account online. This means that you will not have to visit a physical branch, with everything being done from the comfort of your own home. The first step is deciding what account you wish to open. Then you fill out all of the typical types of information, such as your home address, contact details, and Social Security number.

Once your application has been submitted, you should hear back shortly about whether your application has been successful. Once you get the all-clear, you are able to add funds to the new account by mailing a check or conducting a direct deposit. The whole process is like a well-oiled machine.

Pros and Cons

There is plenty to like about what NBKC Bank offers. You will get a low-cost range of options with some of the best APY rates in the business. The Everything account option provides you with the ideal mix of a checking and savings account. There is no need to worry about any other types of these accounts as everything is covered under the same umbrella. The 0.25% APY rate for this account is on the top tier of banks these days.

You also have 34,000+ non-fee ATMs across the country, with NBKC Bank even covering up to $12 worth of ATM fees each month from other types of ATMs. There are no overdraft fees or monthly charges to worry about, so you have a great low-cost environment to conduct your banking. There is also no requirement to keep an account balance of a certain size.

With only four physical branches, which are situated in Missouri and Kansas City, this may be a dealbreaker for those people who like having the option to conduct in-person banking. Otherwise, there is not much to not like about what NBKC Bank offers, except for those people who might want a bit more account types to choose from.

Pros Cons
0.25% APY savings rate Only four branches
34,000+ no-fee ATMs Limited account options
No account fees

Comparison to similar bank accounts

NBKC Bank TD Bank HSBC
Link to review  Link to review 
APY: Up to 0.25% APY: Up to 0.15% APY: Up to 0.15% 
Minimum balance: $0.01 Minimum balance: $0 Minimum balance: $1
Benefits:

  • No monthly fees.
  • 34K+ No-fee ATMs.
  • High APY rates.
Benefits:

  • No min required.
  • Option for in-person banking.
  • Good selection of accounts.
Benefits:

  • Various accounts.
  • M. Fees easily waived.
  • Variety of CD options.

 

Get my rate

Disclaimer: “Interest rates and APY may change after account opening.”

Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Andrew Omalley Andrew Omalley
Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.
This review is based on the writer's personal opinion.