KS StateBank's Nationally Available CD Rates At Or Near The Top

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Deal Summary: CDs - 1-year (2.27% APY), 2-year (2.65% APY), 3-year (2.85% APY), 4-year (2.90% APY), 5-year (3.00% APY), $500 minimum deposit

Availability: Nationwide

KS StateBank has ended the week by raising the rates on all of its CDs yesterday, with all the APYs ranking first or second in their respective term length categories. The CDs can be opened in-branch or online with a $500 minimum deposit.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.00%$500-KS StateBank5 Year CD
2.90%$500-KS StateBank4 Year CD
2.85%$500-KS StateBank3 Year CD
2.65%$500-KS StateBank2 Year CD
2.27%$500-KS StateBank1 Year CD
Rates as of May 23, 2018.

The CDs are also offered as IRAs (Traditional, Roth), earning the same APYs and with the same funding requirements, but must be opened in-branch.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.00%$500-KS StateBank5 Year IRA - In Branch Only (Traditional, Roth)
2.90%$500-KS StateBank4 Year IRA - In Branch Only (Traditional, Roth)
2.85%$500-KS StateBank3 Year IRA - In Branch Only (Traditional, Roth)
2.65%$500-KS StateBank2 Year IRA - In Branch Only (Traditional, Roth)
2.27%$500-KS StateBank1 Year IRA - In Branch Only (Traditional, Roth)
Rates as of May 23, 2018.

The CDs are also available as Jumbo CD Specials earning the same APYs, but requiring a $100k minimum deposit. KS StateBank’s Jumbo CDs can only be opened online. The “Notes” section for the Jumbo CD Specials on the Deposit Rates page states,

Must be opened online. Not available as an IRA.
Cannot be opened in the name of a trust. Consumer accounts only.

As stated in the Deposit Account Disclosure, the Early Withdrawal Penalty reads as follows:

One Year CD - If you withdraw any of the principal before the maturity date, we
may impose a penalty of Six Months interest earned on the amount withdrawn.

Two Year CD - If you withdraw any of the principal before the maturity date, we
may impose a penalty of Nine Months interest earned on the amount withdrawn.

Three Year CD - If you withdraw any of the principal before the maturity date, we
may impose a penalty of Twelve Months interest earned on the amount withdrawn.

Four Year CD - If you withdraw any of the principal before the maturity date, we
may impose a penalty of Fifteen Months interest earned on the amount withdrawn.

Five Year CD - If you withdraw any of the principal before the maturity date, we
may impose a penalty of Eighteen Months interest earned on the amount withdrawn.

Accessing Funds Following Maturity

Some banks that offer online CDs make the funding process quite easy by utilizing an ACH transfer, only to make gaining access to matured funds difficult. KS StateBank has a relatively easy procedure. According to CSR, prior to the CD maturing, you can “send a secured message through the online banking platform with instructions to have your funds transmitted by ACH transfer or certified check.” When your CD is opened, an online banking account will automatically be opened for your convenience in contacting the Bank.

The Deposit Account Disclosure also states that,

On CDs that are opened online, the only interest option
available is to have the interest credited to the CD quarterly.

Availability

Headquartered in Manhattan, Kansas, KS StateBank has been offering a portion of its product line on a nationwide basis through online application for nearly three years. More accounts have been added to the online application and the list now includes Checking Plus, Simple Savings, Advantage Money Market, auto loans, personal credit card, as well as Choose Your Term (Regular) CDs and Jumbo CDs.

As previously stated, the Internet Jumbo CD Specials are only available online. All Regular CDs can be opened available online, or at any of six full-service Kansas branches located in Junction City, Manhattan (4), and Wichita. KS StateBank also has a branch in Phoenix, Arizona, as part of its 2012 acquisition of Sonoran Bank.

Bank Overview

KS StateBank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.10% (excellent) based on December 31, 2017 data. In the past year, KS StateBank has increased its total non-brokered deposits by $31.75 million, an above average annual growth rate of 2.5%. Please refer to our financial overview of KS StateBank (FDIC Certificate # 19899) for more details.

Established in 1969 as Kansas State Bank of Manhattan, KS StateBank has grown to become the seventh largest bank in Kansas, with assets in excess of $1.7 billion. In 2012, the Bank acquired Sonoran Bank, N.A., located in Phoenix, Arizona. In January 2015, the Bank re-branded as KS StateBank, in an effort to better reflect the Bank’s increasing presence as an internet bank.

How the CDs Compare

When compared to the 206 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationally, KS StateBank’s 1-year CD APY currently ranks second.

Interest RateCD Length of TermCredit Union/Bank
2.35% APY14-Month CD SpecialSynchrony Bank
2.27% APY1-Year CDKS StateBank
2.25% APY12-Month PurelyCDBankPurely

When compared to the 200 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationally, KS StateBank’s 2-year CD APY currently ranks second.

Interest RateCD Length of TermCredit Union/Bank
2.80% APY24-Month CDGreenwood Credit Union
2.65% APY2-Year CDKS StateBank
2.55% APY24-Month CD SpecialVeridian Credit Union

When compared to the 201 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationally, KS StateBank’s 3-year CD APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
2.85% APY3-Year CDKS StateBank
2.75% APY36-Month CD SpecialVeridian Credit Union
2.70% APY3-Year CDMainStreet Bank

When compared to the 169 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationally, KS StateBank’s 4-year CD APY currently ranks second.

Interest RateCD Length of TermCredit Union/Bank
2.94% APY48-Month Personal CDConnectOne Bank
2.90% APY4-Year CDKS StateBank
2.75% APY4-Year CDMainStreet Bank

When compared to the 181 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationally, KS StateBank’s 5-year CD APY currently ranks second.

Interest RateCD Length of TermCredit Union/Bank
3.15% APY5-Year Heritage Club Appreciation CertificateNorthwest Federal Credit Union
3.00% APY5-Year CDKS StateBank
2.91% APY60-Month Online Promo CDM.Y. Safra Bank

The above rates are accurate as of 5/4/2018.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Topeka CD rates, Wichita CD rates, Phoenix CD rates, 1-year CD rates, 5-year CD rates, nationwide deals, Internet banks

Comments
Sperry8
Sperry8   |     |   Comment #1
In your 24 mo analysis you missed Bank 5 connect which offers a 2.7% APY CD which makes KS State 3rd in the list (not 2nd).
Ken Tumin
Ken Tumin   |     |   Comment #4
Technically, Bank5 Connect's CDs aren't nationally available since they're not available in MA and RI.
Sperry8
Sperry8   |     |   Comment #2
Also KS State offers an online 18 mo CD special of 2.3% APY. https://www.ksstate.bank/resources/deposit-rates/
jib2424
jib2424   |     |   Comment #3
Does MY Safra have a 2.90% 30 month CD?
Ken Tumin
Ken Tumin   |     |   Comment #5
That should have been "60 month". I updated the post with this correction. Thanks!
KS StateBank Ups Rates On Nationally Available CDs
Deal Summary: 1-year CD (1.85% APY), 2-year CD (2.15% APY), $500 minimum deposit

Availability: Nationwide

Kansas-based KS StateBank raised the rates on most of its CDs yesterday, with the 1-year (1.85% APY) and 2-year (2.15% APY) having the most competitive rates (although all of the bank's CD rates are quite competitive.) Either of the CDs can be opened in-branch or online with a $500 minimum deposit. Both CDs are offered as Jumbo CD Specials earning the same APYs, but requiring a $100k minimum deposit. KS StateBank’s...

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KS StateBank's Nationally Available 1-Year CD Rate Raised
Deal Summary: 1-year CD, 1.70% APY, $500 minimum deposit. 1-year Internet Only Jumbo CD Special, 1.70% APY, $100k minimum deposit.

Availability: Nationwide

Kansas-based KS StateBank raised the rates on most of its CDs yesterday, with the 1-year (1.70% APY) being the most competitive. The 1-year CD can be opened in-branch or online with a $500 minimum deposit. The Internet Only Jumbo CD Special requires a $100k minimum deposit and must be opened online.

The “Notes” section for the Jumbo CD Specials on the Deposit...

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KS StateBank Ups Rates On Nationally Available 1-and 2-year CDs
Deal Summary: Internet Only Jumbo CD Specials: 1-year (1.65% APY), 2-year (1.83% APY), $100k minimum deposit. Regular CDs earn the same APYs for the same term lengths, but only require a $500 minimum deposit.

Availability: Nationwide

Kansas-based KS StateBank has raised the rates on several of its CDs yesterday, with the 1-year (1.65% APY) and 2-year (1.83% APY) being the most competitive. The Internet Only Jumbo CD Specials require a $100k minimum deposit, with no stated balance cap.

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KS StateBank Boosts Rates On All Nationwide Online Jumbo CDs
Deal Summary: Internet Only Jumbo CD Specials: 1-year (1.35% APY), 2-year (1.65% APY), 3-year, (1.85% APY), 4-year (2.00% APY), and 5-year (2.20% APY); $100k minimum deposit. Regular CDs earn the same APYs for the same term lengths, but require a $500 minimum deposit.

Availability: Nationwide

Kansas-based KS StateBank has raised the rates on all its Internet Only Jumbo CD Specials. The Jumbo CD Specials all require a $100k minimum deposit.

The “Notes” section for the Jumbo CD Specials on the Deposit Rates...

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KS StateBank Offers A Portion Of Its Product Line Nationally
Availability: Nationwide

Kansas-based KS StateBank is currently offering online applications for a portion of its product line, including Checking PLUS (1.90% APY, up to $25k) and a series of Regular CDs and Internet Only Jumbo CD Specials.

Of all the CDs offered, the 5-year CDs (Regular and Jumbo) are the most competitive, earning 2.15% APY. The Regular CD requires a minimum deposit of $500, with the Jumbo CD requiring a $100k minimum deposit.

As stated in KS StateBank’s Deposit Account Disclosure, the...

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