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Access Bank Review

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Access Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Access Bank first started operating in 2007 and its headquarters are located in Omaha, Nebraska. It manages $526 million in assets and deposits totaling $444 million, which makes it a medium-size bank. Access Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Coming in at a commendable 4.3 stars out of 5, Access Bank is a solid contender in your bank search. Access Bank provides customers with a diverse array of banking products, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. Access Bank has a fair savings rate; you can find higher rates with other banks. Locating a checking account with no monthly fee and a savings account with a high interest rate at the same bank is the best bet for accruing the most income on your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.3/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.7
SmartAsset Average: 3.5

With a savings rate of 0.10%, Access Bank ranks poorly in comparison to other U.S. banks. Its one-year and five-year term lengths CDs earn at a rate of 1.50% and 2.75%, respectively, while its highest-yielding money market account has a rate of 0.10%. Given Access Bank's noncompetitive savings rate, you should think about other options to earn more on your deposits.

How Access Bank's Savings Rates Compare

Access Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

There is insufficient data on Access Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

4.3
SmartAsset Average: 3.7

Access Bank is a brick-and-mortar bank, with eight total bank locations in Nebraska. With mobile and web apps, Access Bank makes account access straightforward, even on the go. Access Bank receives positive feedback from users for its mobile platform. The Access Bank mobile app has an overall rating of 4.7 out of 5 (with 82 customer reviews on iOS and Android) compared to the national average of 3.8. Access Bank's mobile app allows you to control your accounts by monitoring current statements, sending and receiving money as well as reaching support representatives. Access Bank receives an exceptional consumer satisfaction score based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

Access Bank is currently a medium-size bank and has $526 million in assets as well as deposits totaling $444 million. Access Bank's Texas Ratio is 0.60%, indicating a minute likelihood of failure. 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.

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Compare Access Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.1% APY $1000
Certificates of Deposit
  • 12 Month: 1.50% APY
  • 24 Month: 1.75% APY
  • 36 Month: 2.00% APY
  • 48 Month: 2.25% APY
  • 60 Month: 2.75% APY
$1000 for all terms
Money Market Account 0.1% APY $25000

Access Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with 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 in comparison to other U.S. banks.

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Find a Access Bank Near Me

Access Bank has eight physical locations in the U.S.

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