KS StateBank Offers A Portion Of Its Product Line Nationally

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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.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.90%$500-KS StateBank5 Year CD
1.90%$100k-KS StateBank5 Year Jumbo CD - Internet Only Special
Accounts mentioned in this post. Rates as of August 26, 2016.

As stated in KS StateBank’s Deposit Account Disclosure, the Early Withdrawal Penalty reads as follows:

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a penalty of Eighteen Months interest earned on the amount withdrawn.

Checking PLUS

Checking PLUS is a no minimum balance, no monthly service fee, free checking account, which currently earns 1.90% APY on qualifying balances up to $25k. A $100 minimum deposit is required to open the account. Up to $25 in ATM fees will be refunded per qualifying cycle.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.90*%-$25kKS StateBankChecking Plus
Accounts mentioned in this post. Rates as of August 26, 2016.

The qualifying requirements to earn the stated APY are:

  • Receive E-Statements
  • Have at least 10 Debit Card purchases
  • Have at least one ACH or Direct Deposit

Complete details about the Checking PLUS account are available on KS StateBank’s website.

Availability

Headquartered in Manhattan, Kansas, KS StateBank’s market area has become nationwide through its online application. As stated earlier, the complete product line is not available nationally, but does include checking, savings, and money market accounts, as well as several CDs.

As stated previously, the 5-year Regular CD and Checking PLUS are available online, (the 5-year Jumbo CD must be opened online) or at any of six Kansas branches located in Junction City, Manhattan (4), and Wichita. KS StateBank also has a branch in Phoenix, Arizona, a result of the acquisition of Sonoran Bank in 2012.

Bank Overview

KS StateBank (FDIC Certificate # 19899) has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 2.95% (excellent) based on December 31, 2015 data. In the past year, KS StateBank has increased its total deposits by $195.19 Million, an excellent annual growth rate of 17.95%. Please refer to our financial overview of KS StateBank for more details.

Established in 1969 as Kansas State Bank of Manhattan, KS StateBank has grown to become the 8th largest bank in Kansas, with assets in excess of $1.5 Billion. In January 2015, the Bank re-branded and became 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 122 similar length-of-term CDs tracked by DepositAccounts.com that are available nationally, KS StateBank’s 5-Year CD APY currently ranks in the top six, regardless of minimum deposit. The following is a sampling of those CDs.

How the Checking PLUS Compares

When compared to the 36 High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available nationally, KS StateBank’s Checking PLUS APY currently ranks in the top eleven, but only three of those have qualifying balances of $25k or more. The following is a sampling of those eleven accounts.

The above rates are accurate as of 3/14/2016.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table or our new Rates Map page.

To look for the best nationwide Reward Checking Account rates and the best Reward Checking Account rates in your state, please refer to our High Yield Reward Checking Account rates table or our new Rates Map page.

Comments
4.55% Reward Checking Account at Kansas State Bank
Update 3/07/09: The top rate has fallen to 4.55% APY.

Kansas State Bank has a reward checking account that pays 4.55% APY on balances up to $25,000 (0.50% for above) and refunds ATM fees (up to $25 per cycle) if the following monthly requirements are met: 1) 10 check card transactions, 2) one direct deposit or ACH auto debit, 3) receive electronic statements, and 4) access online banking. If these are not met, the rate falls to 0.25%. The minimum initial deposit is $100. There are no minimum balance requirements and...

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