Academy Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.12% | 5-year CD | 60 Month CD 2.35% - Synchrony Bank 60 Month CD |
| 1.00% | 1-year CD | 12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD |
| 0.05% | Savings | Savings Account |
Academy Bank is headquartered in Kansas City and is the 23rd largest bank in the state of Missouri. It is also the 618th largest bank in the nation. It was established in 1966 and as of June of 2017, it had grown to 621 employees at 81 locations. Academy Bank's CD rates are 11% higher than the national average, and it has an A health rating.
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Finally A Customer Friendly Bank
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.
Should Be Investigated
I have used Academy Bank for the past 5 years and am closing my account this weekend. Their team has arbitrarily removed my account access at any given time multiple times over the last 5 years with zero warning.
This happened once again this morning, when I had a minor emergency and needed to transfer funds from my savings to my checking account. Upon trying to login, I received an "invalid access token" error and was unable to access my account for 1.5 hours - that is, until I went to work. I was able to login at work, but not on my home computer which raises concerns about the security of my online account.
Anyway, I called this morning to try and have this resolved and was on hold for NINE minutes before hanging up - not ever having gotten hold of one person - and resorting to the chat option. I do not prefer the chat option because I tend to get an attitude from the people I've spoken with.
Additionally, their company changed the routing number on my account without informing me - I believe during 2015 or 2016 - making me late on my bills one month. After this was done - without my permission OR consent - I asked for new checks that reflect this new number, and their company told me I needed to BUY MY OWN - Regardless of the fact that I was supplied with about 5 books of checks when I first opened my account.
It is absolutely unacceptable to have removed access to my bank account without informing me, not once, but multiple times over the past 5 years and arbitrarily change my account information without ONCE letting me know beforehand.
Because of these experiences, their company has hurt my credit standing and personal finances. For these reasons your company's incompetence could be considered criminal in some circles, given the apparent recklessness and apathy when it comes to protecting personal information, not to mention the lack of regard for timely and clear communication regarding my account.
After these experiences, and after reading the numerous similar experiences from others, they need to be investigated for the seriousness of these issues.
LOW Customer Service
Bank employees refuse to accept Power of Attorney document I present on behalf of my mother, the account holder. The document is signed, notarized, and is a Military Power of Attorney. Bank emplyees are looking for the word "durable" while not knowing anough about the law to realize that this document specifically states what I can do to represent my hospitalized mother.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19600 |
| Year Established | 1966 |
| Employees | 621 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.14% |
| Return on Equity - YTD | 6.91% |
| Annual Interest Income | $22.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $1.24B$1.04B |
| Loans | Q2 2017vs Q2 2016 | $868.6MM$648.4MM |
| Deposits | Q2 2017vs Q2 2016 | $909.7MM$737.8MM |
| Equity Capital | Q2 2017vs Q2 2016 | $202.0MM$182.9MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $11.5MM$10.8MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $12.8MM$8.2MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $1.2MM$1.0MM |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | - | - | Student Savings | |
| 0.05% | - | - | Savings Account | |
| 0.05% | - | - | Business Savings |
Academy Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.45%* | $250k* | - | Money Market | ||
| OTHER TIERS: 0.03% → Up to $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k | 0.35% → $100k - $250k | |||||
| 0.45%* | $250k* | - | Business Money Market | ||
| OTHER TIERS: 0.03% → Up to $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k | 0.35% → $100k - $250k | |||||
Academy Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $50k* | - | Elite Checking | ||
| OTHER TIERS: 0.05% → Up to $10k | 0.07% → $10k - $25k | 0.08% → $25k - $50k | |||||
Academy Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.12% | $500 | - | 60 Month CD | |
| 2.12% | $500 | - | Business 60 Month CD | |
| 1.91% | $500 | - | 48 Month CD | |
| 1.91% | $500 | - | Business 48 Month CD | |
| 1.81% | $500 | - | 36 Month CD | |
| 1.81% | $500 | - | Business 36 Month CD | |
| 1.61% | $500 | - | 30 Month CD | |
| 1.61% | $500 | - | Business 30 Month CD | |
| 1.51% | $500 | - | 19 Month CD | |
| 1.51% | $500 | - | Business 19 Month CD | |
| 1.36% | $500 | - | 13 Month CD | |
| 1.36% | $500 | - | Business 13 Month CD | |
| 1.31% | $500 | - | 24 Month CD | |
| 1.31% | $500 | - | Business 24 Month CD | |
| 1.26% | $500 | - | 18 Month CD | |
| 1.26% | $500 | - | Business 18 Month CD | |
| 1.10% | $500 | - | 15 Month CD | |
| 1.10% | $500 | - | Business 15 Month CD | |
| 1.00% | $500 | - | 12 Month CD | |
| 1.00% | $500 | - | Business 12 Month CD | |
| 0.60% | $500 | - | 9 Month CD | |
| 0.60% | $500 | - | Business 9 Month CD | |
| 0.50% | $500 | - | 182 Day CD | |
| 0.50% | $500 | - | Business 182 Day CD | |
| 0.40% | $500 | - | 91 Day CD | |
| 0.40% | $500 | - | Business 91 Day CD | |
| 0.35% | $500 | - | 30 Day CD | |
| 0.35% | $500 | - | Business 30 Day CD |
Academy Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.12% | $500 | - | 60 Month IRA | |
| 1.91% | $500 | - | 48 Month IRA | |
| 1.81% | $500 | - | 36 Month IRA | |
| 1.75% | $500 | - | Business 60 Month IRA | |
| 1.61% | $500 | - | 30 Month IRA | |
| 1.60% | $500 | - | Business 48 Month IRA | |
| 1.51% | $500 | - | 19 Month IRA | |
| 1.40% | $500 | - | Business 36 Month IRA | |
| 1.36% | $500 | - | 13 Month IRA | |
| 1.31% | $500 | - | 24 Month IRA | |
| 1.31% | $500 | - | Business 19 Month IRA | |
| 1.26% | $500 | - | 18 Month IRA | |
| 1.20% | $500 | - | Business 30 Month IRA | |
| 1.16% | $500 | - | Business 13 Month IRA | |
| 1.10% | $500 | - | 15 Month IRA | |
| 1.10% | $500 | - | Business 24 Month IRA | |
| 1.00% | $500 | - | 12 Month IRA | |
| 1.00% | $500 | - | Business 18 Month IRA | |
| 0.90% | $500 | - | Business 15 Month IRA | |
| 0.75% | $500 | - | Business 12 Month IRA | |
| 0.60% | $500 | - | 9 Month IRA | |
| 0.50% | $500 | - | 182 Day IRA | |
| 0.40% | $500 | - | 91 Day IRA | |
| 0.40% | $500 | - | Business 9 Month IRA | |
| 0.35% | $500 | - | 30 Day IRA | |
| 0.25% | $500 | - | Business 182 Day IRA | |
| 0.20% | $500 | - | Business 91 Day IRA |
