Academy Bank

Overview / Commentary
1881 Main St
Kansas City, MO 64108

Academy Bank is headquartered in KANSAS CITY and is the 14th largest bank in the state of Missouri. It is also the 455th largest bank in the nation. It was established in 1966 and as of December of 2023, it had grown to 510 employees at 72 locations. Academy Bank's money market rates are 9X 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 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.

Basic Savings For Minor

Posted by: |

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.



Health Grade Components

FDIC Certificate #19600
Year Established1966
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD6.53%
Annual Interest Income$131.1MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$2.6B$2.44B
LoansQ4 2023vs Q4 2022$1.98B$1.87B
DepositsQ4 2023vs Q4 2022$2.08B$1.99B
Equity CapitalQ4 2023vs Q4 2022$396.2MM$376.4MM
Loan Loss AllowanceQ4 2023vs Q4 2022$28MM$27.9MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$20.1MM$18.6MM
Real Estate OwnedQ4 2023vs Q4 2022$436K$0
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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

0.03%--Student Savings
0.03%--Savings Account
0.03%--Business Savings

Academy Bank Money Market Rates

4.25%$25k$3mBusiness Premier Money Market - 3 Months Introductory Rate
4.15%$25k$3mPremier 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% Up to $10k | 1.70% $10k - $25k | 1.90% $25k - $50k | 2.20% $50k - $100k | 2.50% $100k - $250k

Academy Bank Checking Account Rates

0.50%*$250k*-Elite Investment Checking
OTHER TIERS: 0.15% Up to $10k | 0.20% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k | 0.40% $100k - $250k
0.05%--Business Interest Checking

Academy Bank CD Rates

5.15%$500-15 Month CD
5.15%$500-Business 15 Month CD
5.00%$500-12 Month CD
5.00%$500-Business 12 Month CD
4.75%$500-13 Month CD
4.75%$500-Business 13 Month CD
4.27%$500-9 Month CD
4.27%$500-Business 9 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

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


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