Academy Bank

Overview / Commentary
8551 N Boardwalk Avenue
Kansas City, MO 64154

Academy Bank is headquartered in Kansas City and is the 15th largest bank in the state of Missouri. It is also the 428th largest bank in the nation. It was established in 1966 and as of June of 2020, it had grown to 619 employees at 82 locations. Academy Bank's money market rates are 14% higher than the national average, and it has an A health rating.

Finally A Customer Friendly Bank

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I had heard good things about Academy Bank, but until recently most of their branches were in Walmart. I felt like I didnt shop at Walmart enough to have a bank account there, but their employees are so friendly and professional, always greeting me or telling me to have a nice day, I finally decided to talk to them. I told them upfront I wasn't interested in opening an account but said they deserved a compliment for their friendliness and professionalism. I made them a deal that I'd open an account if they ever opened a traditional branch, bc I like drive thrus. Well, just found they've opened 5 or so within the last year and apparently more are to come. I'm a man of my word, so I checked their branch on Shawnee mission parkway, and I was blown away. I like to support local and especially family owned businesses in KC, but I did not accept these guys to roll out technology like the big boys. The staff was just as friendly as those in Walmart, but I felt like I stepped into the future. They ATM's with video screens that allowed me to talk to a live teller. A concierge (yes, a bank concierge) walked me thru the process, gave me a tour, and I set up an account on the spot. They had all the nifty technology of the big banks but I still felt the family-owned presence. I've gone on too long,
Just check them out.

Love Academy!

We started a checking account with this bank a few years ago and have loved it ever since. It didn't have many if any fees, and that was good for us.

Academy Bank

2 star for the mobile app. Its great, shows me all my activity with my transactions. Everything else is awfully set up. Was wondering why half of one of my checks was deposited. Called, was on the phone for 30mins to find out they cant verify me after i gave them everything i know about myself I had to go in and fix everything in person. But now I have another issue and they are having me go in to a firm again because they didnt take my info last time I went in. They forgot to put it in the system quick enough. They have made everything theyve done wrong, my problem.

Academy bank decent local bank if you have bad credit

I had bad credit during / after the 2008 crisis. I had some overdrafts at other banks. I was able to get an account with Academy which I appreciate. Most other banks have a system which checks or blacklists you if that is the case. But Academy allowed me and others to get an account to move on up in life and finances. Their fees are too much however and since then I only use it to have my Aunt send me money every month. It is good if you live in the area and are blacklisted from some of the bigger banks which run a check on you. I think it is even called Chexsystem or something. The bank is located in some Walmarts in the Colorado area and that made it very convenient for me and others who visit Walmart from time to time.



Health Grade Components

FDIC Certificate #19600
Year Established1966
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD2.27%
Annual Interest Income$44.1MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$2.32B$1.59B
LoansQ2 2020vs Q2 2019$1.72B$1.26B
DepositsQ2 2020vs Q2 2019$1.99B$1.28B
Equity CapitalQ2 2020vs Q2 2019$274.7MM$236.4MM
Loan Loss AllowanceQ2 2020vs Q2 2019$29.1MM$16.8MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$15.1MM$3.7MM
Real Estate OwnedQ2 2020vs Q2 2019$71.00K$71.00K
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Always verify rates and promotions with the bank or credit union. We are not Academy Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Academy Bank Savings Account Rates

0.05%--Student Savings
0.05%--Savings Account
0.05%--Business Savings

Academy Bank Money Market Rates

0.50%$10k$3mPremier Money Market - 6 Months Introductory Rate
0.40%*$250k*-Premier Money Market
OTHER TIERS: 0.10% $25 - $50k | 0.15% $50k - $100k | 0.30% $100k - $250k
0.40%*$250k*-Business Premier Money Market
OTHER TIERS: 0.10% $25 - $50k | 0.15% $50k - $100k | 0.30% $100k - $250k
0.40%*$250k*-Premier Money Market IRA
OTHER TIERS: 0.10% $1k - $50k | 0.15% $50k - $100k | 0.30% $100k - $250k

Academy Bank Checking Account Rates

0.10%*$50k*-Elite Checking
OTHER TIERS: 0.05% $25 - $10k | 0.07% $10k - $25k | 0.08% $25k - $50k

Academy Bank CD Rates

0.70%$500-48 Month CD
0.70%$500-60 Month CD
0.70%$500-Business 48 Month CD
0.70%$500-Business 60 Month CD
0.65%$500-30 Month CD
0.65%$500-36 Month CD
0.65%$500-Business 30 Month CD
0.65%$500-Business 36 Month CD
0.60%$500-24 Month CD
0.60%$500-Business 24 Month CD
0.50%$500-18 Month CD
0.50%$500-Business 18 Month CD
0.50%$500-19 Month CD
0.50%$500-Business 19 Month CD
0.45%$500-12 Month CD
0.45%$500-15 Month CD
0.45%$500-Business 12 Month CD
0.45%$500-Business 15 Month CD
0.45%$500-13 Month CD
0.45%$500-Business 13 Month CD
0.25%$500-9 Month CD
0.25%$500-Business 9 Month CD
0.20%$500-182 Day CD
0.20%$500-Business 182 Day CD
0.15%$500-91 Day CD
0.15%$500-Business 91 Day CD
0.10%$500-30 Day CD
0.10%$500-Business 30 Day CD

Academy Bank IRA Rates

0.80%$500-Business 48 Month IRA
0.80%$500-Business 60 Month IRA
0.75%$500-Business 30 Month IRA
0.75%$500-Business 36 Month IRA
0.70%$500-48 Month IRA
0.70%$500-60 Month IRA
0.70%$500-Business 24 Month IRA
0.65%$500-30 Month IRA
0.65%$500-36 Month IRA
0.65%$500-Business 15 Month IRA
0.65%$500-Business 18 Month IRA
0.65%$500-Business 19 Month IRA
0.60%$500-24 Month IRA
0.60%$500-Business 12 Month IRA
0.60%$500-Business 13 Month IRA
0.50%$500-18 Month IRA
0.50%$500-19 Month IRA
0.45%$500-12 Month IRA
0.45%$500-15 Month IRA
0.45%$500-13 Month IRA
0.30%$500-Business 9 Month IRA
0.25%$500-9 Month IRA
0.25%$500-Business 182 Day IRA
0.20%$500-182 Day IRA
0.20%$500-Business 91 Day IRA
0.15%$500-91 Day IRA
0.10%$500-30 Day IRA


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