A variety of accounts are available through KS StateBank. They offer a variety of personal deposit accounts. Those accounts include checking accounts, savings and money market accounts, and CDs. KS StateBank offers regular CDs and jumbo CDs. The CD terms range from six months to seven years. They also offer business accounts.

Most KS StateBank accounts have low amounts required to open the accounts. The checking and savings account require $100 to open. The regular CDs require $500 to open. The Jump Up CD requires $1,000 to open, and the MMA requires $2,500. The jumbo CDs do require $100,000 to open.

The Checking Plus account and CDs offer competitive interest rates. The savings and money market accounts offer slightly lower rates. Those rates are still good rates for online accounts. These rates are competitive with other online-only accounts. The rates are much higher than typical brick and mortar bank rates.

KS StateBank accounts do not have monthly maintenance fees. The accounts do not have required account balances to avoid monthly fees. There is a fee for paper statements or if you make more withdrawals each month than allowed.

Not all KS StateBank accounts are available online. The online checking account is only for residents of Kansas, Missouri, and Arizona. The other online accounts include a savings account, money market account, and CDs. Those accounts are available for any citizens around the United States. Open other accounts by visiting a local branch location.

The KS StateBank money market account has tiered interest rates. To earn the most competitive rate requires a balance of $100,000. Amounts under $100,000 earn interest, just not the most competitive rate. This account requires $2,500 to open. There is no required amount to keep in the account; you earn lower rates depending on your balance.

The interest rates for KS StateBank jumbo CDs are the same as their regular CDs. They do not offer higher interest rates. The jumbo CDs require $100,000 to open. Jumbo CDs are only for consumer accounts. They must be opened online.

KS StateBank has a fee for electronic transfers made between banks. They do not charge a fee for money transferred from another bank into your KS StateBank account. However, there is a $3.99 fee for each transfer made from KS StateBank to another financial institution.

Read the full KS StateBank review.

Interest rates on Merrick Bank CDs offer competitive interest rates. The rates are competitive with other online CDs. They are much higher than other brick and mortar bank rates.

Merrick Bank offers personal credit cards. They offer a Secured Visa credit card specifically to build or rebuild customer’s credit. They also offer a Platinum Visa for customers who have better credit. Each credit card comes with Zero Liability for Unauthorized Use and account alerts.

Merrick Bank is an online account. Once you are approved to open a CD everything else for your account is online or on the mobile app. You can deposit or withdraw money from the CD during the grace period or at maturity.

The Merrick Bank 12-month CD term offers competitive interest rates. The interest you earn is credited to your account each month. You can watch your money grow. You can withdraw money from your CD during the grace period or once the CD reaches maturity.

To open a CD through Merrick Bank requires a large sum. The 12-month CD requires $25,000 to open the account. The opening deposit must be one transaction. Deposit money electronically through a linked bank account.

When applying for a CD with Merrick Bank, you must qualify. Each CD is carefully reviewed. Acceptance to open a CD is based on the person's credit. If you do not meet the set criteria, you cannot open an account with Merrick Bank. If you receive an offer in the mail, you are eligible to open a CD.

After you apply for an account with Merrick Bank, you will receive a letter in the mail. This will inform you if you qualified for an account or not. The letter takes two to three weeks to receive. If after the allotted time you have not heard from Merrick Bank, you can call customer service.

Merrick Bank offers a limited amount of personal deposit accounts. Only one 12-month CD is available. They do offer personal credit cards and lending options. This bank helps customers build or rebuild their credit. To open an account, you must qualify.

Read the full Merrick Bank review.