NASB Adds Nationally Available 12-Month CD Special

Missouri-based North American Savings Bank (NASB) is currently offering two Online CD Specials: 12-month (2.63% APY) and 24-month (2.84% APY). While the majority of NSAB’s CDs require a checking relationship, the Online CD Specials do not.

Either of the Online CD Specials can be opened with a $1k minimum deposit and there is no stated balance cap. The minimum opening deposit for either is $1k. According to the fine print on the Rates page,

CD accounts with balances greater than $1,000,000 earn 0.10% APY.

The Online CD Specials can funded by ACH and maturing funds can be accessed through NASB’s Online Banking platform. The online application states,

IMPORTANT: Once your application is approved, you will need to register and set
up a security profile in NASB’s Online Banking to access your account information.

CSR stated that once your Online Banking account is in place, you are in control of transferring CD funds at maturity.

The Early Withdrawal Penalty for either Online CD Special is six months interest on the amount being withdrawn, with partial withdrawals allowed.

Availability

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

Beneficiaries can be named without Social Security numbers and trusts are allowed to be beneficiaries.

As the name suggest, the Online CD Specials can be only opened online. NASB also has eleven full-service Missouri branches located in Excelsior Springs, Gladstone, Grandview, Harrisonville, Independence, Kansas City, Lee’s Summit, Lexington, Odessa, Platte City, and St. Joseph.

Bank Overview

North American Savings Bank has an overall health rating of "A" at DepositAccounts.com, with a Texas Ratio of 6.97% (excellent), based on March 31, 2018 data. In the past year, NASB has increased its total non-brokered deposits by $45.15 million, an excellent annual growth rate of 3.64%. Please refer to our financial overview of North American Savings Bank (FDIC Certificate # 29708) for more details.

North American Savings Bank 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 $1.9 billion today, and serves not only the Kansas City metropolitan area, but offers nationwide accounts.

How the Online CD Specials Compare

When compared to the 225 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, North American Savings Bank’s 12-Month Online CD Special APY currently ranks second.

When compared to the 220 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, North American Savings Bank’s 24-Month Online CD Special APY currently ranks third.

The above rates are accurate as of 8/24/2018.

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