-
Financial Rates:
5.0
-
Customer Service:
5.0
-
Website Experience:
5.0
-
Bank Fees:
5.0
Pros:
- No monthly fees on accounts
- Low opening required amounts
- Competitive interest rates
- Interest rates not tiered
Cons:
- Special CDs have high opening amount
- Limited accounts available
- Wire transfers have fees
- Customer service not available 24/7
-
Financial Rates:
4.0
-
Customer Service:
5.0
-
Website Experience:
5.0
-
Bank Fees:
4.0
Pros:
- Low opening required amounts
- Variety of bank accounts
- Online Rewards checking account
- Checking and CDs offer competitive rates
Cons:
- Must meet requirements to earn interest
- Not competitive rates for savings and MMA
- Accounts have monthly fees
- Not everyone can open accounts
There are no monthly maintenances fees for NBKC Bank accounts. There are no required amounts to keep in the accounts to avoid fees. NBKC accounts are completely free.
The opening required amounts for most NBKC accounts are low. The personal account and money market account only require $5 to open and earn interest. The health savings accounts do not have a set amount required to open. Each of the CD terms require $1,000 to open.
The accounts offered through NBKC Bank offer competitive interest rates. The rates are competitive with other online accounts. They are much higher than typical brick and mortar bank rates.
The interest rates for NBKC Bank are not tiered. Any amount over $0.01 earns the most competitive interest rates offered. You will receive a slightly lower interest rate if you have more than $1 million in NBKC accounts. Any amount from $0.01 to $1 million earns a competitive interest rate.
NBKC Bank offers four special CDs. Those terms include a seven-month, 12-month, 14-month, and 18-month CDs. These CDs earn more competitive interest rates than the other accounts. The seven-month and 14-month CD terms require $25,000 to open. The 12 and 18-month CDs require $1,000 to open.
NBKC Bank offers personal and business accounts. The only personal accounts offered are a checking and money market account, with some CDs. There are some business accounts available. Other accounts may be offered if you contact the bank directly.
There are fees to make wire transfers with NBKC Bank. To send a domestic wire anywhere in the United States has a $5 fee. To send or receive an international wire has a fee of $45.
Customer service for online accounts is not available anytime. They have specific hours at their branch locations. The hours are from 8 a.m. to 5 p.m. Central Time. Some branch locations are open from 9 a.m. to 5 p.m.
Accounts at Washington Savings Bank have low required opening amounts. All the checking and money market accounts only require $10 to open. The savings account opening balances range from $1 to $50, depending on the account. All the CD terms require $500 to open.
Washington Savings Bank has a variety of personal deposit and business accounts. They offer three personal checking accounts and a variety of savings accounts. They also offer CDs, business accounts, and lending options.
Washington Savings Bank offers an Online Rewards checking account. This account is available to U.S. citizens across the country. You earn debit card cash rewards for purchases. You must have a direct deposit into this account. There is a monthly fee of $9.95. This is a checking account for those who need a second chance. After one year of good accounts history, you can receive a lower monthly fee.
The Washington Savings Bank checking accounts and CDs offer competitive interest rates. Not all CDs offer competitive rates. There are five special CD terms that have competitive rates. The checking account does have tiered interest rates. The most competitive rate is for balances between $0 and $10,000. Some qualifications must be met to earn the competitive rate.
The checking account has set requirements to earn the competitive interest rate. Those qualifications include having at least 12 debit card purchases post and clear. You must receive eStatements. You must also have one automatic payment, direct deposit, or bill pay post and clear. If these qualifications are met each month, you earn the competitive interest rate.
The savings and money market account do not have competitive interest rates. Washington Savings Bank offers a variety of savings accounts, but the rates are low. These account rates are not competitive with other online accounts.
Some Washington Savings Bank accounts have a monthly maintenance fee. Those fees range from $3 to $10 depending on the account. To waive the fees requires a set amount be in the accounts. Those balances range from $50 to $2,500. The Online Rewards checking has a monthly fee of $9.95.
Not everyone can open Washington Savings Bank accounts. Savings accounts are only for residents of Massachusetts or New Hampshire. Two of the checking accounts are only offered to those residents as well. The Online Rewards checking account is available for anyone. That account has a $9.95 monthly fee.
Sponsored Offers
| Savings (Rate as of 4/25/2024) | |
| APY | 4.25% |
|---|---|
| Rate | 4.16% |
| For APY | $1 |
| Monthly Fee | $0.00 |
| Checkbook | No |
| Member FDIC | |
| Savings (Rate as of 4/25/2024) | |
| APY | 5.00% |
|---|---|
| Rate | 5.00% |
| For APY | $100 |
| Monthly Fee | $0.00 |
| Checkbook | No |
| Member FDIC Plus, no monthly fees and unlimited free external transfers | |
| Savings (Rate as of 4/25/2024) | |
| APY | 4.35% |
|---|---|
| Rate | 4.35% |
| For APY | $0 |
| Monthly Fee | $0.00 |
| Checkbook | No |
| Member FDIC | |
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1 APY stands for Annual Percent Yield. It's different from Rate because it takes into account compounding interest for the year.
2 MMA stands for Money Market Account. It's a savings and checking hybrid, allowing you to earn interest and use checks 6 times a month.