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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 15th largest bank in the state of Missouri. It is also the 490th largest bank in the nation. It was established in 1966 and as of June of 2022, it had grown to 480 employees at 71 locations. Academy Bank's money market rates are 6X the national average, and it has a B+ health rating.

Related Posts

Now Offering 2.17% APY Premier Money Market Account (Minimum Deposit $10K). - 9/8/2022

Academy Bank augmented rate (September 7, 2022) on Premier Market Account. It is now 2.17% APY (2.15%). The rate is for NEW money and good for six (6) months. If you open a NEW account, tell them Mo referred you and we BOTH get $50. ;o) If you live in Denver, please go to the new DTC location and ask for LT. Amazing guy!

Premier MMA 1.51% APY Guaranteed For 6 Months - 7/10/2022

Get 1.51% APY for 6 months Power up your savings with an exceptional introductory rate for six months with a minimum deposit of $10,000. https://www.academybank.com/personal/accounts/savings/premier-money-market There is a $25 opening deposit requirement. No monthly service charge when you maintain a minimum balance of $1,000 per monthly statement cycle. Otherwise, a monthly service charge of $10 applies. 6 transactions per statement cycle allowed. You can receive free e.Statements or $5 paper statements with this account. Closing new accounts within 90 days of opening will result in a $20 early closure fee.

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Reviews (15)

Finally A Customer Friendly Bank

Posted by: |

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.

8

Love Academy!

Posted by: |

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.

1

Academy bank decent local bank if you have bad credit

Posted by: |

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.

8

Worst Bank Ever

Posted by: |

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.

3
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Health
B+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #19600
Year Established1966
Employees480
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.04%
Return on Equity - YTD6.36%
Annual Interest Income$42.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.27B$2.23B
LoansQ2 2022vs Q2 2021$1.73B$1.62B
DepositsQ2 2022vs Q2 2021$1.81B$1.79B
Equity CapitalQ2 2022vs Q2 2021$369.2MM$370.7MM
Loan Loss AllowanceQ2 2022vs Q2 2021$29.4MM$35.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$19.2MM$21.7MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%†--Student Savings
0.03%†--Savings Account
0.03%†--Business Savings

Academy Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%†$10k$3mPremier Money Market - 6 Months Introductory Rate
2.53%†$10k$3mPremier Money Market IRA- 6 Months Introductory Rate
2.53%†$10k$3mBusiness Premier Money Market - 6 Months Introductory Rate
1.26%*†$250k*-Premier Money Market
OTHER TIERS: 0.45% → $25 - $25k | 0.60% → $25k - $50k | 0.75% → $50k - $100k | 0.90% → $100k - $250k
1.26%*†$250k*-Business Premier Money Market
OTHER TIERS: 0.45% → $25 - $10k | 0.60% → $10k - $25k | 0.75% → $25k - $50k | 0.90% → $50k - $100k | 1.06% → $100k - $250k
1.26%*†$250k*-Premier Money Market IRA
OTHER TIERS: 0.45% → Up to $10k | 0.60% → $10k - $25k | 0.75% → $25k - $50k | 0.90% → $50k - $100k | 1.06% → $100k - $250k

Academy Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*†$250k*-Elite Checking
OTHER TIERS: 0.15% → $25 - $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k | 0.30% → $50k+ | 0.40% → $100k - $250k

Academy Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.58%†$500-24 Month CD
4.58%†$500-Business 24 Month CD
4.16%†$500-13 Month CD
4.16%†$500-Business 13 Month CD
2.78%†$500-12 Month CD
2.78%†$500-15 Month CD
2.78%†$500-18 Month CD
2.78%†$500-Business 12 Month CD
2.78%†$500-Business 15 Month CD
2.78%†$500-Business 18 Month CD
2.78%†$500-19 Month CD
2.78%†$500-Business 19 Month CD
2.52%†$500-30 Month CD
2.52%†$500-36 Month CD
2.52%†$500-48 Month CD
2.52%†$500-60 Month CD
2.52%†$500-Business 30 Month CD
2.52%†$500-Business 36 Month CD
2.52%†$500-Business 48 Month CD
2.52%†$500-Business 60 Month CD
1.50%†$500-9 Month CD
1.50%†$500-Business 9 Month CD
1.40%†$500-182 Day CD
1.40%†$500-Business 182 Day CD
1.26%†$500-91 Day CD
1.26%†$500-Business 91 Day CD
0.86%†$500-30 Day CD
0.86%†$500-Business 30 Day CD

Academy Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.58%†$500-24 Month IRA
4.58%†$500-Business 24 Month IRA
4.16%†$500-13 Month IRA
4.16%†$500-Business 13 Month IRA
2.78%†$500-12 Month IRA
2.78%†$500-15 Month IRA
2.78%†$500-18 Month IRA
2.78%†$500-Business 12 Month IRA
2.78%†$500-Business 15 Month IRA
2.78%†$500-Business 18 Month IRA
2.78%†$500-19 Month IRA
2.78%†$500-Business 19 Month IRA
2.52%†$500-30 Month IRA
2.52%†$500-36 Month IRA
2.52%†$500-48 Month IRA
2.52%†$500-60 Month IRA
2.52%†$500-Business 30 Month IRA
2.52%†$500-Business 36 Month IRA
2.52%†$500-Business 48 Month IRA
2.52%†$500-Business 60 Month IRA
1.50%†$500-9 Month IRA
1.50%†$500-Business 9 Month IRA
1.40%†$500-182 Day IRA
1.40%†$500-Business 182 Day IRA
1.26%†$500-91 Day IRA
1.26%†$500-Business 91 Day IRA
0.86%†$500-30 Day IRA
0.86%†$500-Business 30 Day IRA
Locations

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