BankLiberty first started operating in 1955 with its headquarters in Kansas City, Missouri. It manages $458 million in assets along with $368 million in deposits, classifying it as a medium-size bank. BankLiberty lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Coming in at a commendable 4 out of 5 stars, BankLiberty proves it is a respectable bank that deserves your consideration. BankLiberty has a varied selection of banking products, including savings accounts, checking accounts, money market accounts and CDs. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, BankLiberty's standard checking account does not have a monthly fee. Institutions that offer no-fee checking and a high savings APY are your best bet for gaining the most income from 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%, BankLiberty ranks poorly in comparison to the national average. Its one-year CD earns at a rate of 0.40% and the five-year CD earns at a rate of 1.50%, while its highest-yielding money market account earns at an APY of 0.10%. Given its noncompetitive savings rate, you should think about looking elsewhere to open savings accounts.
How BankLiberty's Savings Rates Compare
BankLiberty charges customers extremely low fees in comparison to the average U.S. bank. Its checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. BankLiberty does not reimburse out-of-network ATM charges, which means you will have to find a BankLiberty ATM or eat the ATM charge.
BankLiberty is a brick-and-mortar bank, with 14 total bank locations in Missouri. It also offers access to mobile and web apps for straightforward access and banking on the go. BankLiberty receives inferior feedback from customers for its mobile platform. Out of 57 ratings on iOS and Android platforms, the BankLiberty mobile app rates a 3.4 out of 5 (compared to the national average of 3.8). BankLiberty's mobile app allows you to control your finances by checking account balances, transferring money as well as reaching support representatives. BankLiberty receives a superb consumer satisfaction rating due to relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
BankLiberty is a medium-size bank and owns $458 million in assets and $368 million in deposits. BankLiberty has a strong Texas Ratio of 10.91%, indicating a tiny likelihood of failure. Additionally, BankLiberty 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 BankLiberty to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.1% APY||$10|
|Checking Account||0.05% APY||$1000|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Accounts||0.1% APY 0.1% APY||$10000 $15000|
BankLiberty offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. BankLiberty does not have the best savings rate, which means you should think about looking elsewhere 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. BankLiberty's CD rates are fair compared to other U.S. banks.Back to Overview
Find a BankLiberty Near Me
BankLiberty has 14 branches across the U.S.Back to Overview