Access Bank was founded in 2007 and has its headquarters in Omaha, Nebraska. It has $526 million in assets and deposits totaling $444 million, which makes it a medium-size bank. Access Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a commendable 4.3 stars out of 5, Access Bank proves it is a great bank that you should seriously consider. Access Bank offers the full slate of banking products, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. Access Bank has a fair savings rate; other popular banks have higher rates. Locating a checking account with no monthly fee and a savings account with a high APY at the same institution is your best bet for gaining the most income on your deposits alongside easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.10%, Access Bank ranks poorly compared to the national average. Access Bank's CDs feature a rate of 1.50% and 2.75% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.20%. Given Access Bank's noncompetitive savings rate, you should think about looking elsewhere to open savings accounts.
How Access Bank's Savings Rates Compare
There is insufficient data on Access Bank's fees to provide a full SmartAsset rating.
Access Bank is a brick-and-mortar bank, with eight total bank locations in Nebraska. It also offers access to mobile and web apps for easy access and banking on the go. Access Bank's online and mobile banking services receive high marks from customers. With 82 ratings across both Apple and Android platforms, the Access Bank mobile app rates a 4.7 out of 5 (compared to the national average of 3.8). Access Bank's mobile app lets you manage your funds by checking monthly statements, sending and receiving money as well as reaching customer service. Access Bank receives an exceptional consumer satisfaction rating based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
Access Bank ranks as a medium-size bank with assets totaling $526 million and $444 million in deposits. It has an excellent Texas Ratio of 0.60%, signifying that Access Bank is in outstanding financial health and unlikely to fail. Additionally, Access Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
Texas Ratio Analysis
The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.Back to Overview
Compare Access Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.1% APY||$1|
|Checking Account||0.1% APY||$1000|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.1% APY 0.2% APY||$10000 $15000|
Access Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Access Bank does not have the best savings rate, which means you should consider other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Access Bank's CD rates are fair compared to the average U.S. bank.Back to Overview
Find a Access Bank Near Me
Access Bank has eight physical branches across the U.S.Back to Overview