Academy Bank

Overview / Commentary

www.academybank.com

816-702-4324

1881 Main St
Kansas City, MO 64108

Academy Bank is headquartered in KANSAS CITY and is the 14^th largest bank in the state of Missouri. It is also the 449^th largest bank in the nation. It was established in 1966 and as of March of 2024, it had grown to 506 employees at 72 locations. Academy Bank's money market rates are 9X the national average, and it boasts an A+ health rating.

View all posts from:

2022
2018
2009
Earlier

9/8 - Now Offering 2.17% APY Premier Money Market Account (Minimum Deposit $10K).
7/10 - Premier MMA 1.51% APY Guaranteed For 6 Months

10/31 - Academy Bank Has Nationally Available 24-Month CD Special

10/22 - 2.25% 12-Month CD at Academy Bank in Colorado - Available Nationwide

11/27/08 - 4.10% 9-Month / 4.15% 12-Month CD at SunBank in Arizona
8/15/08 - 4.10% 9-Month CD at an Arizona Bank (SunBank)
11/3/07 - 5.35% 9-Month and 5.30% 15-Month CD at Academy Bank
2/21/07 - 5.50% 9-Month CD at a Colorado Bank (Academy)

Reviews (2)

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Basic Savings For Minor

Posted by: redwards | Feb 22, 2023

I went to the Fountain, CO branch inside of Walmart on Tuesday, February 14, 2023 around 4:15pm with the intention of opening 2 basic minor savings accounts. I had checked ahead of time to ensure I had the correct paperwork. I approached the teller line when called up and stated my intentions and the lady gave me a look which at first I took as she didn't want to help me. Later I realized it was because she didn't know how to open a Basic Savings account for a minor. The lady's name tag said her name was Debra C. and that she was the Branch Manager. At first she had some issues with one or two of her programs not working. She attempted to get her coworker to "tag team it with her" (Debra's words). The coworker took some of my paperwork and attempted to start the process but kept stopping to help other customers walking up. (which is fine because Debra should have been helping me and the coworker should have been focused on the teller line) At one point when Debra and the coworker were discussing my accounts they kept saying the minors were not old enough for a Student Checking account. I corrected them multiple times stating I wanted a Basic Savings account for minors and again they were talking about the Student Checking account and how the minors weren't old enough for the account. I pulled up the accounts on my phone and showed the requirements of the Student Savings and showed it to Debra. She picked up the phone, called someone and they told her to open a Student Savings (which I had just showed her!). Debra continued to not listen to me and was entering incorrect information into the system for me and the minors. Coming up on an hour of sitting there the coworker needed an over ride, Debra went to complete that and saw one person waiting in line and left me to go help them. When Debra came back I informed her I needed to go and didn't realize it would take this long to open one basic account. Debra replied "Well we're almost done". Against my better judgment I stayed and 30-40 minutes later I was still there with nothing to show for it. She got stuck at one point and called 3 or 4 people (who were unable to help her). She was instant messaging someone on her computer and still received no help. After over an hour and a half I was extremely frustrated and insisted I get all of my paperwork back because I really had to go.
I sat there for an hour and a half got absolutely nothing done. The Branch Manager has no idea how to open a Basic Savings account for a minor. Isn't this something that should be required of all your staff on the teller line? This is absolutely ridiculous! This was a complete waste of my time.
On a side note, the coworker had a very low cut shirt and her breasts were spilling out of her shirt, especially when she bent over - this is completely unprofessional and she should not be wearing clothes like that in a place of business.

Comment

Worst Bank Ever

Posted by: Dynamite42 | Jun 3, 2021

Everything about this bank is a travesty. I haven't been able to access my account for 2 weeks. I am told they will escalate the problem, but it never happens. Today the geniuses at AB emailed me with a secure transmission that required me to SIGN INTO MY ACCOUNT, BUT I CAN'T BECAUSE THEY HAVE NOT FIXED MY ISSUE. Use any other bank but this one. They could care less about your problem so long as they can use your money to make money that's all they care about. The fees are ridiculous and you can't trust that they will do the right thing even with overdraft protection. I have had this account since 2014 and I am done. Please, please don't bother with this bank.

Comment

Health

A+

Data as of Q1 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	19600
Year Established	1966
Employees	506
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.79%
Return on Equity - YTD	5.24%
Annual Interest Income	$36.3MM

Assets and Liabilities
Assets	Q1 2024vs Q1 2023	$2.65B$2.52B
Loans	Q1 2024vs Q1 2023	$2.04B$1.9B
Deposits	Q1 2024vs Q1 2023	$2.13B$2.06B
Equity Capital	Q1 2024vs Q1 2023	$397.6MM$385.6MM
Loan Loss Allowance	Q1 2024vs Q1 2023	$27MM$25.3MM
Unbacked Noncurrent Loans	Q1 2024vs Q1 2023	$20.2MM$23.2MM
Real Estate Owned	Q1 2024vs Q1 2023	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Academy Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.03%^†	$0	-	Student Savings
0.03%^†	$0	-	Savings Account
0.03%^†	$0	-	Business Savings

Academy Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
4.25%^†	$25k	$3m	Business Premier Money Market - 3 Months Introductory Rate
4.15%^†	$25k	$3m	Premier Money Market - 3 Months Introductory Rate
3.25%^*^†	$250k^*	-	Premier Money Market
OTHER TIERS: 1.50% → $25 - $10k \| 1.70% → $10k - $25k \| 1.90% → $25k - $50k \| 2.20% → $50k - $100k \| 2.50% → $100k - $250k
3.25%^*^†	$250k^*	-	Business Premier Money Market
OTHER TIERS: 1.50% → $25 - $10k \| 1.70% → $10k - $25k \| 1.90% → $25k - $50k \| 2.20% → $50k - $100k \| 2.50% → $100k - $250k
3.25%^*^†	$250k^*	-	Premier Money Market IRA
OTHER TIERS: 1.50% → $0 - $10k \| 1.70% → $10k - $25k \| 1.90% → $25k - $50k \| 2.20% → $50k - $100k \| 2.50% → $100k - $250k

Academy Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*^†	$250k^*	-	Elite Investment Checking
OTHER TIERS: 0.15% → $0 - $10k \| 0.20% → $10k - $25k \| 0.25% → $25k - $50k \| 0.30% → $50k - $100k \| 0.40% → $100k - $250k
0.05%^†	$0	-	Business Interest Checking

Academy Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.15%^†	$500	-	15 Month CD
5.05%^†	$500	-	Business 9 Month CD
5.00%^†	$500	-	12 Month CD
4.85%^†	$500	-	Business 12 Month CD
4.75%^†	$500	-	13 Month CD
4.27%^†	$500	-	9 Month CD
4.25%^†	$500	-	Business 13 Month CD
4.15%^†	$500	-	Business 15 Month CD
3.29%^†	$500	-	18 Month CD
3.29%^†	$500	-	24 Month CD
3.29%^†	$500	-	Business 18 Month CD
3.29%^†	$500	-	Business 24 Month CD
3.29%^†	$500	-	19 Month CD
3.29%^†	$500	-	Business 19 Month CD
3.03%^†	$500	-	30 Month CD
3.03%^†	$500	-	36 Month CD
3.03%^†	$500	-	48 Month CD
3.03%^†	$500	-	60 Month CD
3.03%^†	$500	-	Business 30 Month CD
3.03%^†	$500	-	Business 36 Month CD
3.03%^†	$500	-	Business 48 Month CD
3.03%^†	$500	-	Business 60 Month CD
1.61%^†	$500	-	182 Day CD
1.61%^†	$500	-	Business 182 Day CD
1.36%^†	$500	-	91 Day CD
1.36%^†	$500	-	Business 91 Day CD
1.21%^†	$500	-	30 Day CD
1.21%^†	$500	-	Business 30 Day CD

Academy Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
5.15%^†	$500	-	15 Month IRA
5.00%^†	$500	-	12 Month IRA
4.75%^†	$500	-	13 Month IRA
4.27%^†	$500	-	9 Month IRA
3.29%^†	$500	-	18 Month IRA
3.29%^†	$500	-	24 Month IRA
3.29%^†	$500	-	19 Month IRA
3.03%^†	$500	-	30 Month IRA
3.03%^†	$500	-	36 Month IRA
3.03%^†	$500	-	48 Month IRA
3.03%^†	$500	-	60 Month IRA
1.61%^†	$500	-	182 Day IRA
1.36%^†	$500	-	91 Day IRA
1.21%^†	$500	-	30 Day IRA