ACCESSbank (NE) Offers Rate-Leading 30-Month CD Special
ACCESSbank is currently offering four CD Specials, with the 30-month CD Special having the most competitive rate. Earning 5.50% APY, the 30-month CD Special can be opened with a $1k minimum deposit and has no stated balance cap. CSR stated the CD Specials are limited-time offerings, but was unable to provide a specific end-date.
| APY | MIN | MAX | INSTITUTION | PRODUCT | DETAILS |
|---|---|---|---|---|---|
| 5.50% | $1k | - | ACCESSbank | 13 Month CD Special | |
| 5.25% | $1k | - | ACCESSbank | 8 Month CD Special | |
| 5.25% | $1k | - | ACCESSbank | 3 Month CD Special | |
| 5.00% | $1k | - | ACCESSbank | 30 Month CD Special |
Early Withdrawal Penalty
According to CSR, the Early Withdrawal Penalty for the 30-month CD Special is 12 months of interest on the amount being withdrawn. Partial withdrawals are permitted, but any withdrawal made within the first 12 months from account opening will reduce the principal.
Availability and Account Opening
Headquartered in Omaha, Nebraska, ACCESSbank is a “full-service, locally owned bank catering to customers in the Greater Omaha area.”
While an ACCESSbank checking account can be opened online, CDs must be done in-person at any of seven full-service Nebraska branches located in La Vista, Omaha (5), and Papillion.
Funding and Other Details
The following information is from a conversation with CSR.
- Funding – ACH, wire, check, or internal transfer.
- Ownership – Individual, joint, or trust.
- Interest – Compounded daily/credited quarterly and at maturity and can be paid out quarterly by check.
- Maturing Funds – Check to the address on file or internal transfer to an ACCESSbank checking or savings account.
- Beneficiaries – Unlimited with equal shares. Social Security number not required.
- Grace Period – 10 calendar days before automatic renewal.
- Credit Check – ChexSystems.
Bank Overview
ACCESSbank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 0.12% (excellent), based on June 30, 2023 data. In the past year, ACCESSbank’s total non-brokered deposits have decreased by -$4.38 million, an average annual growth rate of -0.56%. Please refer to our financial overview of ACCESSbank (FDIC Certificate # 58727) for more details.
Opening its doors in 2007, ACCESSbank was the “last bank chartered out of the Kansas City Federal Reserve before the Great Recession in 2008.” The 2017 acquisition of the Bank of Nebraska doubled ACCESS bank’s assets to $500 million and added six branch locations. ACCESSbank is currently the 20th largest bank headquartered in Nebraska, with assets in excess in $940 million and more than 14,000 customer accounts.
How the 30-Month CD Special Compares
When compared to similar length-of-term CDs tracked by DepositAccounts.com which are available within the market area, have fixed rates, and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than currently offered on the ACCESSbank 30-month CD Special. The following table compares the 30-month CD Special to the two highest-rate CDs from other banks and the two highest-rate CDs from credit unions.
The above information and rates are accurate as of 11/10/2023.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.
30 months is a sweet spot for many of us, and many places (like here) offer a 30mo CD, just as many places offer an 18mo CD.
You have all the other choices up there (6mo, 1yr, 18mo, 2yr, 3yr, 4yr, 5yr, 6+) but not 30mo.
Would it be possible to add the 30mo term to the main drop-down for CD Rates? Otherwise, it's near impossible to compare rates except hunt-and-peck one by one to see which places offer 30mo terms. Many of my CDs are 30mos from various places, and it would really help if just one more catagory -- 30mo -- could be added to the quick drop-down list....
Thank you!