NASB Adds High Rate Savings, 2.53% APY ($50k-$5m)


Deal Summary: High Rate Savings, 2.53% APY, $50k min/$5m max balances, $50k minimum opening deposit, six-month rate guarantee, online only.

Availability: Nationwide

As I was checking the rate on North American Savings Bank’s (NASB) Online Money Market Special, I noticed a new product: a High Rate Savings account, which earns 2.53% APY on balances between $50k and $5 million. Balances less than $50k and greater than $5 million earn 0.10% APY. In addition to offering a top rate, the High Rate Savings APY is guaranteed for six months following account opening, as long as the daily balance remains between $50k and $5 million.

That’s the good news. The not-so-good news is that the High Rate Savings (HRS) account is not quite “ready for prime-time,” based on the lack of information on NASB’s website. The HRS is listed on the Rates page, but there’s no description or disclosure on the About Savings page. When I did a “High Rate Savings” search, I found the promotion page, which has a link to the online application. Unfortunately, the “Choose your product” drop-down menu on the first page of the online application doesn’t include the HRS.

The next step was to call NASB and also do a Live Chat, because I wanted to see if I would get the same information. In both conversations I learned that the HRS account is the replacement for the eSavings account, which had been part of the product line for more than six years. In September 2015, the eSavings account earned 1.12% APY on balances of $100+. At that time, 1.12% APY was the top rate for nationally available savings accounts. Rather than raise the rate on the eSavings, NASB has created a new savings account with a much higher minimum balance requirement.

The following is an excerpt from the Live Chat.

Me: When you click on the link to open it online, it’s not listed in the drop-down menu.

    NASB: You will want to select eSavings. We are still in the process of getting that name changed. It will be set up as the High Rate Savings.

Me: But the High Rate Savings is a new account, correct? And not just a name change for the eSavings account?

    NASB: The High Rates Savings is going to replace the eSavings.

Me: What is the minimum opening deposit?

    NASB: Minimum is $50,000.00.

Me: Is there an ATM or debit card available?

    NASB: Yes, if requested on the application.

Me: Are there any limitations on ACH transfers?

    NASB: Once the account is open, you can transfer to another bank or another person, with a $25,000.00 limit per transfer up to a maximum of $250,000.00 per month.

Me: How long do ACH transfers take to complete?

    NASB: If they are account to account, it may take two business days.

Me: Is there a monthly service fee?

    NASB: No monthly service charge unless the account goes dormant (six months of inactivity). If the account is closed within 90 days of opening, there is a $30 Account Closure Fee.

Me: Are beneficiaries are allowed, and if so, how many and are SS# required?

    NASB: Yes, two beneficiaries are allowed. After funding, you can select more through a signed request or secure email. SS# and date of birth are needed. Trusts can be named as beneficiaries.

Me: Is there a limit of the number of external accounts that can be linked?

    NASB: No limit on the number of linked external accounts that I am aware of.

NOTE: Promoting a new product before the website is updated has happened before at NASB. This is from my September 2015 eSavings blog post.

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.


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 or the District of Columbia. A permanent U.S. address is required to open and maintain any account at NASB.

The High Rate Savings account can only be opened online. Hopefully, it will be listed on the online application soon.

For transactions that can be done in-branch, NASB 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, with a Texas Ratio of 6.37% (excellent), based on September 30, 2018 data. In the past year, NASB has increased its total non-brokered deposits by $74.79 million, an excellent annual growth rate of 5.8%. Please refer to our financial overview of North American Savings Bank (FDIC Certificate # 29708) for more details.

North American Savings Bank began 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 long 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 $2 billion today and serves not only the Kansas City metropolitan area, but also offers nationwide accounts.

How the High Rate Savings Compares

When compared to 209 personal savings accounts tracked by that are available nationwide, North American Savings Bank’s High Rate Savings APY currently ranks first, regardless of minimum balance requirement.

The above rates are accurate as of 1/9/2019.

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

Related Pages: Kansas City money market accounts, St. Joseph money market accounts, money market accounts, nationwide deals

  |     |   Comment #1
No intention of even considering this account until they work out the kinks. But I appreciate the upward pressure on rates. Any banks considering 2.6% or higher, it’s your time to be in the spotlight. Lots of ALLY money next week will be looking for a new home.
  |     |   Comment #2
Awesome work!
  |     |   Comment #3
Agreed, LOTS of Ally money on the table next week. Hopefully somebody puts something out there but this is encouraging.
  |     |   Comment #6
Agreed, and I hope that "somebody" is Ally. But so far darn it, from Ally itself, nothing serious has been forthcoming.
  |     |   Comment #4
Hardly worth the trouble since EBSB offers 2.5% savings. This is a .03% difference.
Dr Dumb
  |     |   Comment #5
Interesting! But some people don't have an EBSB account.
Get Real
  |     |   Comment #7
Looks like EBSB is no longer offering the 2.5% a count. I will login to make sure they are still paying 2.5% on my account. NSSB has a 50k min ro earn the high rate
  |     |   Comment #10
As of 1/10/19 EBSB still paying 2.47% which equals APR of 2.5%. You won’t get caught offguard if there’s a rate drop, word would spread very quickly.
deplorable 1
  |     |   Comment #11
Same here just checked today EBSB still paying 2.47% APR 2.5% APY
With only a $5,000 min. required vs. $50,000 here I bet folks are kicking themselves if they sat on the fence on this one.
Get Real
  |     |   Comment #13
New accounts will no longer get 2.5%
  |     |   Comment #14
I used to have an account with NASB but their at the time leading rate stagnated and soon became uncompetitive. At least now there is a 6 month guarantee but personally I'd rather keep the funds in Vanguard Prime or add on to my United 3.15 add on CD.
Get Real
  |     |   Comment #8
Still getting 2.5% on my account at EBSB. They appears they are no longer offering new 2.5% accounts. I had a typo its NASB
  |     |   Comment #9
Funny......Ally is getting "Out-Allyed" by dozens of banks. Ally is barely even relevant anymore .....their no-penalty CD is a joke-does not even beat money markets from several banks. I used to like them but don't keep more than a few $$ in there........Maybe they have some "social justice" warrior as CEO......Giving all their money away so they can't afford to give competitive rates.
deplorable 1
  |     |   Comment #12
Ally Demand notes has been lagging behind all other corporate debt accounts as well. I think they are being watched very closely after the government had to bail out GM/GMAC. This account used to match 5 year CD rates regularly.
  |     |   Comment #21
Dep1-I'm hoping Redneck will increase soon. Also some brokered CD's for short term may be an option....some 3-6 month ones pay more than 2.5%
deplorable 1
  |     |   Comment #22
They should be increasing their rate soon. They tend to do it quite a bit after a FED hike at odd times. 2.5% would put them back in the #1 spot for a non teaser rate so this is the time they should do it for maximum effect..............hint.............hint.
  |     |   Comment #15
I never opened an EBSB account because I did not have a free $5k at the time.

A $50k minimum while easy come 1/16 feels a bit like a CD and if I am going to buy a CD, I can get 2.87-2.99% for 6-12 months.

A bit disappointed there are not more options right now for 15-30 month nationally available CDs.

I have a chunk at Ally that gets out on 1/16, more from NASA on 1/20 and 2/4.

And so far, not sure where its going.

Reasonable to think AA might raise their 2.25% rate to 2.50% soon. But, they have the opposite issue with a $50k maximum.

I wonder if Ally has anything else up their sleeve? I will not remain for a 2.75% 12 month or 2.85% 14 month.

NASA had a 15 month 3.25% last year but they lowered it to 2.75%. If they were to go back up, Id keep my money with them and add more.

Andrews has an 8 month at 2.86% and I already have an account with them. The problem is they do not have nationwide shared branch capabilities. So my only option would be to ACH it in/out, pay for a wire or wait for a check. If they had shared branch, I might just go with them just to be able to avoid having to open yet another account.
deplorable 1
  |     |   Comment #17
@RJM; Go here:
type in your zip code at the top and check the shared branch box. I was surprised that they had quite a few near me. Call before you go in though to find out the transfer and deposit limits of the shared branches first. Shared branches can apparently limit deposit amounts and transfers separately from Andrews own limits.
  |     |   Comment #19
You're right. Not sure where I came up with that? Is not NASA either.

That's probably where some of my Ally $$ will go next week. Unless something better comes before then.
deplorable 1
  |     |   Comment #20
Good deal I was wondering why you were going to stick with ALLY since you already have Andrews open and the rate is better for a shorter term. Heck it may be 8 months before better rates come along for liquid accounts anyway who knows.
  |     |   Comment #16
I just chatted with Ally in the off chance that they had something better planned for 1/15 or 1/16.

They do not. And they continue to refuse to rate match.

They have their 12 month at 2.75% and I guess a 14 month at 2.85% and those, nor the 2.30% no penalty are enough to keep my money with them when the promo ends.

The added bonus of moving our money is if Ally has another promo that requires new money, we would be able to take advantage of it again.
deplorable 1
  |     |   Comment #18
Too bad you couldn't get the NFCU membership as they have the best deals. I would go with the Andrews 8 month 2.86% deal If I didn't have them. I didn't bother with it since I'm earning 2.788% APY already over at GM right notes and it's liquid waiting for the next CD special.
  |     |   Comment #23
Gone - high-rate savings is no longer listed on NASB's rates page --
  |     |   Comment #24
It's still here....

And a rep said it was still available.
  |     |   Comment #25
I am back to considering this account. But the 0.10% APY on balances $.01-$49,999 just kills it for me.

I am also disappointed that no other FIs are stepping up with higher rates for both a savings and short term CD.

I guess I may have to opt for the 16 month 3.15% deal. But, I might sit tight for a couple of weeks to see if anything better shakes out. Uncertain.
  |     |   Comment #27
Glad I waited.... I guess. Although its only up to $50k. I think you can open a 2nd account.

I emailed today and they responded.....

Effective tomorrow (01/23/19) the interest rate for the Mega Money Market account will increase to 2.50% Annual Percentage Yield for any amount up to $50,000.00 and 0.50% Annual Percentage Yield for any amount over the $50,000.00. This new rate will be reflected on your next bank statement that will cut off on 02/20/19.
Please let me know if there is anything else that I can assist you with.
Thank You,
All America Bank
  |     |   Comment #28
Anyone if there is hard pull or soft pull to open this account? Plus is it checksys sensitive?

  |     |   Comment #29
If you use a VPN, be sure to turn it off, or your application will be rejected.
  |     |   Comment #30
Just called the bank and was advised by a rep that the rate has been lowered to 2.38% APY.
NASB Ups 12-Month Online CD Special APY
Deal Summary: Online CD Specials – 12-month (2.74% APY) and 24-month (2.94% APY), $5k minimum deposit

Availability: Nationwide

In August, Missouri-based North American Savings Bank (NASB) began offering Online CD Specials that, unlike the majority of their CDs, do not require a checking relationship. NASB raised the Online CD Special rates over the weekend, with the 12-month now earning 2.74% APY and 24-month earning 2.94% APY.

SInce I last wrote about the CD Specials, the minimum opening deposit for the Online CD Specials has been raised from $1k...

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NASB Adds Nationally Available 12-Month CD Special
Deal Summary: Online CD Specials – 12-month (2.63% APY) and 24-month (2.84% APY), $1k minimum deposit

Availability: Nationwide

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...

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NASB Has Nationally Available 24-month CD w/Checking
Deal Summary: 24-month Relationship CD; 2.02% APY w/$10k+ balance in NASB checking account(s); lower APYs with smaller checking account balances; $1k CD minimum deposit.

Availability: Nationwide

North American Savings Bank (NASB) is offering a series of Relationship CDs with APYs dependent on checking account balances. This most competitive of the Relationship CDs is the 24-month, which will earn 2.02% APY when a minimum $10k balance is maintained in NASB checking account(s). The minimum opening deposit for the CD is $1k.

According to the fine print on the Rates...

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NASB Offers Top Rate eSavings Account (Available Nationwide)
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,...

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North American Savings Bank Has Competitive Rewards Checking - National



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...
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