Money Market Special With Rate Guarantee at CrossFirst Bank in KC Metro - Local Only


In today's interest rate environment, it's nice to have a rate guarantee on a liquid account. That gives you the rate lock of a CD but without locking in your money until maturity. I found one nice rate guarantee on a money market account special at CrossFirst Bank. The bank is guaranteeing 1.00% APY on the CrossFirst Money Market Account until December 31, 2013 (over a year from now). This is being advertised in an 11/14/2012 edition of a Kansas City newspaper. The ad is available online here. It's a limited time special.

This rate guarantee applies to all of the money market rate tiers. Minimum initial deposit is $1,000, and a balance of $1,000 is required to avoid a monthly fee of $10. As is typical with any money market account, it has limited check writing with up to 6 checks per month.

I called the bank yesterday at 913-327-1212, and I was told a branch visit is required to open the account. The branch listed in the ad is at 4707 W. 135th Street, Leawood, Kansas 66224. This is in the suburbs of Kansas City. The bank also has branches in Wichita and Oklahoma City. I'm not sure if these other branches have this same promotion, so be sure to call if you're interested in this offer.

The bank has an overall health score at of 5 stars (out of 5) with a Texas ratio of 2.11% (excellent) based on June 2012 data. Please refer to our financial overview of CrossFirst Bank for more details. The bank has been a FDIC member since 2007 (FDIC Certificate # 58648).

How This Rate Guarantee Compares

The best money market rate guarantee that's currently available is at EverBank. It guarantees a 1.25% rate for the first 6 months of account opening. The guarantee applies to balances up to $50K for the money market account and $100K for the checking account. Only new customers are eligible. This rate is accurate as of 11/14/2012.

Finding the Best Savings, Money Market & Checking Account Rates

You can use our rate tables to search for the best rates available nationwide and in your state:

2.00% 6-to-13 Month CD & 2% Savings Account with Rate Guarantees at CrossFirst Bank in Kansas City Metro - Local Only

Update 2/21/10: The savings account rate guarantee has fallen from 1.75% to 1.50%.

CrossFirst Bank is offering two very competitive deposit specials. The first is a 2.00% APY CD that allows you to choose a term from 6 to 13 months. Minimum deposit is $1,000. The second special is a savings account with a 2.00% APY. It's guaranteed not to drop below 1.50% through 12/31/2010. Minimum balance is $25,000. Balances under $25,000 only earn 0.50%. Another downside is that you're limited to only two withdrawals per month ($50 fee for each...

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5.15% 60-Month / 4.65% 36-Month CD at a Kansas Bank (CrossPoint)
CrossPoint Bank has a CD promotion with three competitive long-term rates: 5.15% APY 60-month, 4.95% APY 48-month and 4.65% APY 36-month. The minimum deposit is $5,000.

It appears to require a branch visit to open the account. The bank is located in Overland Park, Kansas.

It's a new bank that is not yet rated by BauerFinacial or Bankrate as of 7/27/08. It was just established in October 2007. It is a member FDIC (FDIC Certificate # 58648).

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