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North American Savings Bank


Overview / Commentary
www.nasb.com
816-765-2200
12498 S. 71 Highway
Grandview, MO 64030

North American Savings Bank is headquartered in Grandview and is the 12th largest bank in the state of Missouri. It is also the 448th largest bank in the nation. It was established in 1923 and as of June of 2022, it had grown to 523 employees at 10 locations. North American Savings Bank's money market rates are 82% higher than the national average, and it has a B+ health rating.

Related Posts

Statement From NASB: We Will Now Be Requiring Identification Before Releasing Funds. - 11/23/2022

Banks nationwide have been experiencing a high level of fraudulent activity, and for your protection we will now be requiring identification before releasing funds. When bad actors get more aggressive, so do we. Like many banks, NASB is seeing an unusual level of fraudulent activity recently from online account openings.   To protect our customers, NASB is now requiring identification to release funds; similar to showing ID when you go to the teller line for a withdrawal. While we understand this may be an inconvenience, this ensures us that the right person is getting the funds from an account started online.  We are insured by the FDIC, an independent agency of the United States government, that protects bank depositors against the loss of their insured deposits if an FDIC-insured bank or savings association fails. We have enacted this extra layer of protection to safeguard our customers and we thank you for your patience and understanding. [URL="https://www.na

NASB 3.67% APY - 11/17/2022

NASB Premium Rate Savings increased to 3.67% APY

Premium Rate Savings Account Removed From NASB Website - 11/15/2022

As of this writing, NASB's Premium Rate Savings Account is no longer listed at the NASB website. Here is a screenshot: https://a.imagem.app/ADa86b.jpg And here is the NASB Account Rates direct website address where the account and its rate always has appeared prior: https://www.nasb.com/banking/resources/account-rates Of course, it is possible that NASB decided they have enough deposits and have stopped accepting new sign-ups...or, perhaps it's a Website glitch, or perhaps the removal is only temporary.

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Reviews (31)

New Bank Products = Temporary Glitches

Posted by: |

In a NORMAL year, I open new accounts with 5 to 7 banks because I move $millions to/from whomever offers highest interest rates, which sometimes changes daily. Thus, despite most having been in business for 80+ years, they are new to online banking so the website, application, Q&A "experience" can be a rocky road.
By phone, a very friendly CSR named Kim and I went around in circles for a while because the website wasn't showing the same things to both of us, even though we were both using Chrome browsers. We both ended up laughing and she had to consult with Alex to answer some of my questions. BOTTOM LINE: Got account opened and INSTANTLY (fastest in my life) ACH funded, which could have been for up to $5,000,000. However, to get the 2.53%APY interest rate, DO NOT exceed $1,000,000 for initial deposit and DO NOT let balance go over $1,499,999 or the interest rate drops to 0%APY. I went through the disclosures line by line. Nothing crazy/unusual except $30 fee if you close account in first 90 days. I call this the "Guinea Pig Experience" which I've been through even with the largest banks in our country. When they offer a new product you are one of the first new customers, just deal with it and laugh because we live in a less than perfect world with internet tech changing every second.

37

Holding Premium Savings ACH Deposits For Review

Posted by: |

Your available balance might show $0. According to NASB there has been a large amount of fraud that they are working on to fix. If you need a withdrawal, you can call and request it.

2

Easy Signup, Lacking Features

Posted by: |

Huge savings rate compared to the rest of banks right now, so I went for it.

Signup was a breeze, the main page denied me by zip code, but opening an account from the rates page was fine. They didnt do the ACH penny deposits, they straight up pulled the money via routing and checking number, which is weird to see these days. Within the day I had the account up and money transferred.

The website is very very basic. AFAIK there is no 2factor authentication, except when doing transfers they email you a code. Limited alerts, and settings. Its fine but makes BofA and Wells Fargo look advanced (and they arent).

Fees. Look at the disclosure.

I hope they continue to raise rates when the Fed does, as this premium savings account has a good rate now but seems like a new offering with no historical rates.

13

Account Opening

Posted by: |

Just opened the premium rate savings account with NASB. The application was simple, but it was disappointing to learn that the 'truth in disclosure' form was only available the moment before submitting the application. More disconcerting was the fact that information about the premium rate savings account did not appear in the 'truth in disclosure' so that this account's requirements and structure were non-transparent, something of a pig in the poke transaction. The initial funding went well. Two days after I submitted the application I received an email notifying the transfer was complete and that I could sign up for online banking. Once registered, I saw that the initial funding was credited for the day after I'd submitted my application. And what's strange, those initial funds still appear in the original savings account.at the other bank - collecting interest twofold. As an aside, NASB has a gamut of savings accounts which I find unfortunate. A bank should straightforwardly put its best foot forward with its best savings account offering rather than have customers playing a shell game.

25
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Health
B+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #29708
Year Established1923
Employees523
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.69%
Return on Equity - YTD9.65%
Annual Interest Income$50.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.48B$2.30B
LoansQ2 2022vs Q2 2021$1.99B$1.83B
DepositsQ2 2022vs Q2 2021$1.38B$1.45B
Equity CapitalQ2 2022vs Q2 2021$396.3MM$404.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$29.0MM$25.7MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$8.6MM$17.6MM
Real Estate OwnedQ2 2022vs Q2 2021$6.3MM$7.9MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not North American Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

North American Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*†$75k*-Performance Savings
OTHER TIERS: 0.35% → $5k - $25k | 0.40% → $25k - $50k | 0.45% → $50k - $75k
0.50%*†$75k*-Select III Savings
OTHER TIERS: 0.35% → Up to $25k | 0.40% → $25k - $75k
0.50%†--Super Saver Account
0.35%†--Statement Savings
0.35%†--IRA Savings
0.30%†--Smart Savers Savings
0.30%†--Stepping Stones Savings

North American Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*†$25k*$1.5mPremium Money Market - New Money
OTHER TIERS: 0.70% → Up to $25k

North American Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*†$5k*$50kProsper Checking
OTHER TIERS: 0.60% → Any amount | 0.65% → $50k - $1.5m

North American Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.71%$5k-24 Month CD Special
4.50%$5k$500k13 Month CD Special
4.13%$1k-3 Year CD Online Special - checking balance $10,000-$1,000,000.00
4.08%$1k-3 Year CD Online Special - checking balance $2,500-$9,999.99
4.03%†$1k-24 - 35 Month CD - checking balance $10,000-$1,000,000
4.03%$1k-24 Month CD Online Special - checking balance $10,000-$1,000,000.00
4.03%$1k-3 Year CD Online Special - checking balance $1,000-$2,499.99
4.03%$5k-7 Month CD Special
3.98%†$1k-24 - 35 Month CD - checking balance $2,500-$9,999
3.98%$1k-24 Month CD Online Special - checking balance $2,500-$9,999.99
3.98%$1k-3 Year CD Online Special - Base
3.92%†$1k-24 - 35 Month CD - checking balance $1,000-$2,499
3.92%$1k-24 Month CD Online Special - checking balance $1,000-$2,499.99
3.87%†$1k-24 - 35 Month CD
3.51%$1k-15 Month CD Online Special - checking balance $10,000-$1,000,000.00
3.46%$1k-15 Month CD Online Special - checking balance $2,500-$9,999.99
3.41%$1k-15 Month CD Online Special - checking balance $1,000-$2,499.99
3.35%$1k-15 Month CD Online Special - Base
3.25%$10k$1m7 Month CD Online Special - checking balance $10,000-$1,000,000.00
3.20%$2.5k$10k7 Month CD Online Special - checking balance $2,500-$9,999.99
3.15%$1k$2.5k7 Month CD Online Special - checking balance $1,000-$2,499.99
1.21%†$1k-60 - 120 Month CD - checking balance $10,000-$1,000,000
1.16%†$1k-48 - 59 Month CD - checking balance $10,000-$1,000,000
1.16%†$1k-60 - 120 Month CD - checking balance $2,500-$9,999
1.11%†$1k-48 - 59 Month CD - checking balance $2,500-$9,999
1.11%†$1k-60 - 120 Month CD - checking balance $1,000-$2,499
1.06%†$1k-48 - 59 Month CD - checking balance $1,000-$2,499
1.06%†$1k-36 - 47 Month CD - checking balance $10,000-$1,000,000
1.06%†$1k-60 - 120 Month CD
1.01%†$1k-48 - 59 Month CD
1.01%†$1k-36 - 47 Month CD - checking balance $2,500-$9,999
0.95%†$1k-36 - 47 Month CD - checking balance $1,000-$2,499
0.90%†$1k-36 - 47 Month CD
0.85%†$1k-12 - 23 Month CD - checking balance $10,000-$1,000,000
0.80%†$1k-12 - 23 Month CD - checking balance $2,500-$9,999
0.80%†$1k-3 - 5 Month CD - checking balance $10,000-$1,000,000
0.80%†$1k-6 - 11 Month CD - checking balance $10,000-$1,000,000
0.75%†$1k-12 - 23 Month CD - checking balance $1,000-$2,499
0.75%†$1k-3 - 5 Month CD - checking balance $2,500-$9,999
0.75%†$1k-6 - 11 Month CD - checking balance $2,500-$9,999
0.70%†$1k-12 - 23 Month CD
0.70%†$1k-3 - 5 Month CD - checking balance $1,000-$2,499
0.70%†$1k-6 - 11 Month CD - checking balance $1,000-$2,499
0.65%†$1k-3 - 5 Month CD
0.65%†$1k-6 - 11 Month CD

North American Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.03%†$1k-24 - 35 Month IRA - checking balance $10,000-$1,000,000
3.98%†$1k-24 - 35 Month IRA - checking balance $2,500-$9,999
3.92%†$1k-24 - 35 Month IRA - checking balance $1,000-$2,499
3.87%†$1k-24 - 35 Month IRA
1.21%†$1k-60 - 120 Month IRA - checking balance $10,000-$1,000,000
1.16%†$1k-48 - 59 Month IRA - checking balance $10,000-$1,000,000
1.16%†$1k-60 - 120 Month IRA - checking balance $2,500-$9,999
1.11%†$1k-48 - 59 Month IRA - checking balance $2,500-$9,999
1.11%†$1k-60 - 120 Month IRA - checking balance $1,000-$2,499
1.06%†$1k-48 - 59 Month IRA - checking balance $1,000-$2,499
1.06%†$1k-36 - 47 Month IRA - checking balance $10,000-$1,000,000
1.06%†$1k-60 - 120 Month IRA
1.01%†$1k-48 - 59 Month IRA
1.01%†$1k-36 - 47 Month IRA - checking balance $2,500-$9,999
0.95%†$1k-36 - 47 Month IRA - checking balance $1,000-$2,499
0.90%†$1k-36 - 47 Month IRA
0.85%†$1k-12 - 23 Month IRA - checking balance $10,000-$1,000,000
0.85%†$100-12 Month Fixed IRA - checking balance $10,000-$1,000,000
0.80%†$1k-12 - 23 Month IRA - checking balance $2,500-$9,999
0.80%†$100-12 Month Fixed IRA - checking balance $2,500-$9,999
0.80%†$1k-3 - 5 Month IRA - checking balance $10,000-$1,000,000
0.80%†$1k-6 - 11 Month IRA - checking balance $10,000-$1,000,000
0.75%†$1k-12 - 23 Month IRA - checking balance $1,000-$2,499
0.75%†$100-12 Month Fixed IRA - checking balance $1,000-$2,499
0.75%†$1k-3 - 5 Month IRA - checking balance $2,500-$9,999
0.75%†$1k-6 - 11 Month IRA - checking balance $2,500-$9,999
0.70%†$1k-12 - 23 Month IRA
0.70%†$100-12 Month Fixed IRA
0.70%†$1k-3 - 5 Month IRA - checking balance $1,000-$2,499
0.70%†$1k-6 - 11 Month IRA - checking balance $1,000-$2,499
0.65%†$1k-3 - 5 Month IRA
0.65%†$1k-6 - 11 Month IRA
Locations


Cities: Excelsior Springs, Gladstone, Grandview, Harrisonville, Independence, Kansas City, Lee's Summit, Lexington, Platte City, St. Joseph

Excelsior Springs Branches
Community Bank - Excelsior Springs Branch1001 N Jesse James RoadExcelsior Springs, MO 64024

Gladstone Branches
North Oak Trafficway Branch8501 North Oak TrafficwayGladstone, MO 64119

Grandview Branches
North American Savings Bank, F.S.B.125th and South 71 HighwayGrandview, MO 64030

Harrisonville Branches
2002 East Mechanic St Branch2002 East Mechanic StreetHarrisonville, MO 64701

Independence Branches
11400 East 23rd Branch11400 E 23rd StreetIndependence, MO 64052

Kansas City Branches
7012 NW Barry Road Branch7012 Nw Barry RoadKansas City, MO 64153

Lee's Summit Branches
291 Highway Branch646 North 291 HighwayLee's Summit, MO 64063

Lexington Branches
Lexington Branch205 South 13th StreetLexington, MO 64067

Platte City Branches
Platte City Branch2707 Prairie View RoadPlatte City, MO 64079

St. Joseph Branches
920 Belt Highway Branch920 Belt HighwaySt. Joseph, MO 64501

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