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Competitive CD Rates at National Bank of Kansas City

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Last Friday when I was updating my weekly survey of the best CD rates, I noticed the big rate increases at National Bank of Kansas City. The bank's long-term CDs are now very competitive. Minimum deposit is $5,000. Below are the list of the most competitive CD rates listed at the bank's rates page as of 7/24/2012:

  • 2.02% APY 60 month CD
  • 1.76% APY 48-59 month CD
  • 1.51% APY 36-47 month CD

Nationally Available - But Currently No Online Application

The last time National Bank of KC had been offering competitive rates was in 2008. Back then they had a working online application, and the CDs could be opened from any state. The online application is currently not in operation, and they inform customers to call 913-905-2100. I did that on Friday, and I confirmed that CDs can still be opened without a branch visit from any state. You'll need to call for instructions to open the CD by mail.

Big Early Withdrawal Penalty

I was told they will lock the rate based on the postage date when you mail the check. They will mail you forms to be signed that must be sent or faxed back. I could not find the CD disclosure online. I was told the early withdrawal penalty for the 60-month CD is equal to 540 days of interest.

Bank Overview

You'll have an easier time applying for these CDs if you can visit a branch. As you might have guessed, National Bank of Kansas City branches are located in Kansas City, Missouri, and in the KC metro area.

the bank has an overall health score at DepositAccounts.com of 3 stars (out of 5) with a Texas ratio of 30.56% (below average) based on March 2012 data. Please refer to our financial overview of National Bank of Kansas City for more details. The bank has been a FDIC member since 1999 (FDIC Certificate # 35014).

How These CD Rates Compare

National Bank of KC has the highest 3-, 4- and 5-year CD rates for banks that offer their CDs nationwide. You can get higher CD rates at some all-access credit unions. One is Melrose Credit Union which offers a 1.76% APY 3-year CD, a 1.96% APY 4-year CD and a 2.17% APY 5-year CD. The highest 5-year CD rate that's nationally available is 2.25% APY (59-month term) at Fort Knox Federal Credit Union. These rates are accurate as of 7/24/2012.

Searching for the Best CD Rates

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.

Related Pages: CD rates

$50 Checking Account Bonus at National Bank of Kansas City - Local Only - Update
Comments (3)
POSTED ON SUNDAY, APRIL 11, 2010 BY KEN TUMIN

National Bank of Kansas City is offering a $50 Gift Card for opening a personal checking account. You have a choice of either an Amazon Gift Card or a VISA Gift Card. A $50 bonus is small, but this promotion doesn't seem to require direct deposit, and their Completely Free Checking appears to qualify. Offer expires 4/24/2010. Below is some of the important small print:

  • Minimum deposit to open is $50
  • Value of gift reported to IRS
  • Limit two gifts per household
  • Checking account must remain open for 90 days
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Up to $100 New Account Bonus at National Bank of Kansas City - Local Only
Comments (1)
POSTED ON MONDAY, AUGUST 10, 2009 BY KEN TUMIN
National Bank of Kansas City is offering up to $100 for opening a checking account and for performing some additional activities. The bank's promotions page has the details. The offer is scheduled to expire on 10/03/09. The promotion makes it easy to earn part of the bonus, but to earn the full $100 requires some work. Below is a list of all the steps required to earn the full $100:
  • $30 for opening a personal checking account
  • $10 for paying 3 bills online
  • $10 for turning in old checks from your other bank
  • $10...

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$50 Checking Account Bonus at National Bank of Kansas City - Local Only
Comments
POSTED ON MONDAY, APRIL 6, 2009 BY KEN TUMIN
National Bank of Kansas City is offering a $50 Lowe's Gift Card for opening a personal checking account. The promotion doesn't seem to require direct deposit, and their Completely Free Checking appears to qualify. Offer expires 5/02/09.

Below is some of the important small print:
  • Must reside in the KC Metro area
  • Initial deposit must be made at one of their branches
  • Minimum deposit to open is $50
  • Value of gift reported to IRS
  • Limit two gifts per household
  • Checking account must remain open for 90 days
The bank also has a generous refer-a-friend program. Refer a...


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$40 Checking Account Bonus at National Bank of Kansas City
Comments
POSTED ON SUNDAY, MARCH 16, 2008 BY KEN TUMIN
National Bank of Kansas City is offering a $40 gas card for opening a personal checking account. The promotion doesn't seem to require direct deposit, and their free checking qualifies. Offer expires 5/3/08.

Below is some of the important small print:

Last year I reported on the bank's high CD rates. CD accounts can be opened online by people in any state. Their CD rates are still fairly competitive.

I noticed they have very competitive rates on Health Savings Accounts. They're currently offering 4.00% APY on all balances. The HSA has a...





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National Bank of Kansas City Raises CD Yields Back to 5.50% on All Terms
Comments (2)
POSTED ON SATURDAY, AUGUST 18, 2007 BY KEN TUMIN
National Bank of Kansas City has raised their CD rates back to 5.50% APY for all terms from 3 to 60 months. The minimum deposit is $10,000. IRA certificates of deposit are also available for terms from 6 to 60 months with the same 5.50% APY.

In June, I first reported on these 5.50% CDs. The 5.50% didn't last long. Before the end of June, the rates had fallen to 5.30% APY. In July the rates fell again to 5.25% APY. I didn't think we would see a return of these...

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