NASB Offers Top Rate eSavings Account (Available Nationwide)

POSTED ON BY

Availability: Nationwide

After more than 3 years of an unimpressive 0.45% APY, North American Savings Bank (NASB) has raised the rate on its eSavings account to a notable 1.12% APY.

The eSavings account is available only online. The account can be opened with a $100 minimum deposit and the 1.12% APY applies to all balances.

The website states there are no monthly maintenance fees associated with this account, but the fine print indicates a $7.50 monthly fee will apply if 1) a $100 minimum balance is not maintained or, 2) the account is inactive for more than six months.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.50%$100-North American Savings BankE-Savings
Accounts mentioned in this post. Rates as of August 25, 2016.

Availability

Headquartered in Grandview, Missouri, North American Savings Bank offers its services and products to all U.S. citizens and permanent residents of the 50 United State and the District of Columbia. NASB requires a permanent U.S. address to open and maintain any account.

The eSavings account can only be opened online.

NOTE: If you are interested in the eSavings account, use this link to directly access the eSavings page. According to CSR, NASB is in the process of updating their website and you will not find the eSavings account listed on the "About Savings" page.

Bank Overview

North American Savings Bank has an overall health rating of "B+" at DepositAccounts.com, with a Texas Ratio of 15.80% (above average), as of June 30, 2015 data. In the past year, NASB has increased its total deposits by $173.21 Million, an excellent annual growth rate of 22.98%. Please refer to our financial overview of North American Savings Bank for more details.

North American Savings Bank (FDIC Certificate # 29708) had its beginnings as the City Building and Loan Association (CBLA) in St. Louis in the early 1920s. A few years later, CBLA moved across the state to Kansas City and changed its name to North American Savings Association; it was known as NASA well before the space age. In the 1990s, the name was changed to North American Savings Bank when the Bank became a federally chartered stock savings bank. North American Savings Bank has assets in excess of $1.4 Billion today, and serves not only the Kansas City metropolitan area, but offers nationwide accounts.

How the eSavings Account Compares

When compared to the 139 savings accounts (excluding limited-time promotional rates) tracked by DepositAccounts.com that available nationwide, North American Savings Bank's eSavings account currently ranks first

The above rates are accurate as of 10/23/2015.

To find the best rates on savings accounts in your state or that are nationally available, please refer to our savings account rate table.

Comments
thowellIII
thowellIII   |     |   Comment #1
A quick correction(?): It appears the conjunction for the fee should be or. Reading about the account online, it is either falling below $100 OR no customer-initiated activity within 6 months gets the $7.50 fee. The six month period seems pretty short and the $7.50 pretty high relative to other alternatives in the 1% club.
John
John (anonymous)   |     |   Comment #2
To advertise prominently "No monthly maintenance fees" when there is an easily chargeable $7.50 monthly fee (6-month inactivity is low threshold for a savings account) is both self-contradictory and close to openly lying.
North American Savings Bank Has Competitive Rewards Checking - National

Availability:

Nationwide

Over the weekend, North American Savings Bank (Missouri) raised the rate on its Rewards Checking account to 2.05% APY for qualifying balances up to $25K, with qualifying balances over $25K earning 0.30% APY. These rates are guaranteed through September 30, 2015.

Non-qualifying balances up to $25K earn 0.10% APY and non-qualifying balances over $25K earn 0.20% APY.

As stated on North American Savings Bank’s Rewards Checking page, the qualifying requirements are as follows:

  • Have one monthly electronic deposit (ACH or direct deposits of $200 or more)
  • Make...
Continue Reading
Special 13-Month CD Rate at North American Savings Bank - Available Nationwide

North American Savings Bank is offering a new special CD with two competitive rates. It's a 13-month CD, and the highest rate is 1.31% APY. This requires that you are an existing customer with a checking account or savings account opened before August. Without this relationship, the rate is 1.25% APY. Minimum deposit is $1,000. These rates are listed in the bank's rates table as of 12/12/2011.

There's an online application via andera.com. However, the online application only lists the standard CD terms. When I emailed the bank about this last...

Continue Reading
Top 14-Month & 23-Month CD Specials at NASB - Available Nationwide

North American Savings Bank is offering a new special CD with a competitive rate. It has a 23-month term with a 2.05% APY. Minimum deposit is $1,000. The bank continues to offer its very competitive 14-month CD which has a 1.75% APY. These rates are listed at the bank's CD rates page as of 8/20/2010.

There's an online application via andera.com. The online application only lists the standard CD terms. When I emailed the bank about this in April, I received the following instructions:

Several readers were able to open these old...



Continue Reading
New 14-Month CD Special at North American Savings Bank - Available Nationwide

North American Savings Bank ended its two hot CD specials that I first reported on April 18th. However, the bank came out with a new CD special which isn't as good as the old ones, but it's still competitive compared to what other banks are offering. The rate is 1.95% APY for a 14-month term. Minimum deposit is $1,000. This rate is listed at the bank's CD rates page as of 5/04/2010.

There's an online application (via andera.com), and the only restriction mentioned in the application is that you have to...

Continue Reading
Hot CD Specials at North American Savings Bank in Missouri

Update 5/1/10: These  hot 10-month and 17-month CDs are no longer listed at the bank's website. A new 14-month CD special is listed with a 1.95% APY.

North American Savings Bank is offering two very competitive CD specials: a 2.05% APY 10-month CD and a 2.65% APY 17-month CD. Minimum deposit is $1,000. These specials are listed at the bank's rates page as of 4/18/2010 These were also advertised in the 4/18/10 edition of the Kansas City Star, so hopefully these will be available for a while.

There's an online application (via...

Continue Reading