NASB Unveils Competitive 3-year CD Special (Checking Required)

North American Savings Bank (NASB) has just added a 3-year CD Special, which offers tiered APYs based on balances in a NASB checking account. The 3-year CD Special can earn up to 1.01% APY when a minimum $10k checking account balance is maintained. The minimum opening deposit for the CD is $1k.

CSR stated that the Early Withdrawal Penalty is six months interest with partial withdrawals allowed.

According to the fine print on the Rates page,

Primary relationship based on the aggregate daily balances in your NASB Checking account(s), on which you are the primary or secondary account holder. Money Market accounts are NOT eligible for Relationship CD rates. The CD base interest rate is guaranteed for the term of the CD. Additional Relationship CD rate may vary daily based upon aggregate checking balances.

Checking Accounts

NASB has three checking accounts (Prosper, Thrive, and Advance), any of which qualify for a 3-year CD Special. Detailed descriptions can be found on the About Checking page.

NASB also offers a $50 Visa Reward Card when friends or family members open a new checking account and have two direct deposits and at least two debit card transactions within 60 days of account opening. There is a limit of ten referrals per calendar year.

Availability

Headquartered in Grandview, Missouri, North American Savings Bank has offered portions of its product line to nationwide in the past, but the online 3-year CD Special is only available to Kansas and Missouri. NASB requires that all applicants have a permanent U.S. address to open and maintain any account.

Although NASB has ten full-service Missouri branches in the greater Kansas City metropolitan area, the 3-Year CD Special can be ONLY opened online.

Bank Overview

North American Savings Bank has an overall health rating of "B+" at DepositAccounts.com, with a Texas Ratio of 4.96% (excellent), based on September 30, 2021 data. INASB has an excellent capitalization level (18.15%), the result of holding $2.35 in assets, with $426.04 million in equity. Please refer to our financial overview of North American Savings Bank (FDIC Certificate # 29708) for more details.

Established in 1923 in St. Louis, North American Savings Bank was originally known as the City Building and Loan Association (CBLA). 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 currently has assets in excess of $2.3 billion and serves not only the Kansas City metropolitan area, but offers a limited number of nationwide accounts.

How the CD Special Compares

For this comparison, it is assumed that a $10k+ checking balance will be maintained throughout the term of the CD Special. Therefore, when compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available in the market area, NASB’s 3-year CD Special APY currently ranks fourth.

The above information and rates are accurate as of 12/23/2021.

To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table page.