Emprise Bank Review

Emprise Bank Savings

2.00% APY

Emprise Bank first opened its doors in 1989. Today, it remains committed to the communities it serves throughout the state of Kansas. However, you can find virtually anything offered by a major national bank here.

Emprise Bank offers everything from checking, savings and certificate of deposit (CD) accounts to retirement-planning products. The bank stands out for its Kasasa Saver’s account, which offers a high interest rate if you meet some conditions and link it to one of the bank’s reward-earning checking accounts. These offer additional perks such as ATM fee refunds.

Read on to learn more about the offerings this bank brings to its Kansas communities.

Products Offered

Emprise Bank Interest Rate Comparison

Kasasa Saver

To open this account, you’d also need either a Kasasa Cash or Kasasa Cash Back checking account. But if you meet certain requirements each statement cycle, your savings account can rank up a generous interest rate of 1.00% APY on balances up to $50,000. The qualifications are listed below.* 

• Make at least 12 debit card purchases post and settle
• Enroll in and receive free monthly eStatements
• Establish at least one direct deposit or automatic payment (ACH) post and settle

As you can see, you probably already do these on a regular basis. In addition, meeting these requirements would also qualify you for more benefits from your Kasasa Cash checking account. In fact, your Kasasa Cash checking account interest rate would jump to 2.02% on balances up to $10,000. Even though that interest won’t compound, it’s still a decent nudge in your savings. 

Overall, the Kasasa Saver account by Emprise Bank is one of the more rewarding and easy to manage options we’ve examined. The account charges no monthly maintenance fee, which frees up your savings even more. 

Regular Savings

Although it can’t compete with the best savings accounts in the industry, the Regular Savings account by Emprise Bank offers some decent perks and easy access to your money. For instance, you get to make unlimited withdrawals at any Emprise ATM even though federal regulations limit most savings withdrawals to six per month. 

And as with all of Emprise Bank’s savings accounts, you get the following features free of charge: 

• Mobile Banking
• Online Banking
• Online Bill Pay
• Mobile Deposit
• ATM Deposits

Furthermore, all of the bank’s savings accounts offer free access to People Pay. Similar to services like Venmo, this app allows you to pay other users without having to ask for their banking information. All you need is a name and either a mobile number or email address.

And if you maintain a $250 average daily balance, Emprise Bank will waive the $5 monthly service fee. You also get three free withdrawals outside of Emprise ATMs. The bank will charge a $3 fee for each following withdrawal.

Youth Savings

Designed for customers under the age of 21, the Youth Savings account by Emprise Bank carries no minimum monthly charge. So account holders can keep everything they deposit. In addition, the bank will compound and credit earnings monthly.

As with the Regular Savings account, the Youth Savings account allows three free non-Emprise ATM withdrawals per month. 

Certificates of Deposit (CDs)

Through Emprise Bank, you can open a certificate of deposit (CD) for terms ranging from three months to five years. Overall, Emprise Bank offers some generous rates on its CDs compared to those offered by similarly sized institutions. 

In addition, the bank can either compound the interest you earn or automatically transfer it to you. This perk lets you take a sliver of your earnings before your term ends should you need it. In fact, the bank offers so many options you might benefit if you use a CD ladder to build an emergency fund. This occurs when you open several CDs with different term lengths. The strategy gives you access to interest and principal at different intervals so you can keep your savings steadily growing. 

But keep in mind that the deposit for each CD must be locked in until the term ends, commonly known as the point of maturity. Afterward, the CD would automatically renew for the same term and current interest rate unless you instruct the bank otherwise. 

In addition, each CD offers the following free benefits. 

• Online Banking
• eStatements
• Mobile Banking

But if you’re still interested in exploring other options, you can examine the best CD rates we’ve uncovered. 

Money Market

Even though Emprise Bank doesn’t offer the best-tiered interest rates with its money market account, the firm does give you great liquidity. For example, you can make unlimited withdrawals from this account via Emprise ATMs. You also get the free features that come with the bank’s savings accounts including mobile deposit. 

The $10 monthly service fee can add up over time. However, you can waive it by keeping an average daily balance of $2,500. 

Still, you can compare money market accounts across the banking industry to see if you find better terms and features. 

Individual Retirement Account (IRA)

Emprise Bank offers a traditional individual retirement account (IRA) and a Roth IRA. By contributing toward a traditional IRA, your earnings grow tax-free until you make qualified withdrawals when you’re at least age 59.5. So this option may make sense if you expect to be in a lower tax bracket during retirement. Your contributions may also be tax-deductible.

With a Roth IRA, your qualified withdrawals are tax-free. 

Rates for most of your IRA and Roth IRA options are fixed at Emprise Bank. But you can also open a variable interest rate option for an 18-month term. This option also allows you to make additional contributions of at least $100 during its term. 

But any time you’re thinking about planning for retirement, you should seek a tax advisor and find a financial advisor to work with. 

Kasasa Cash Checking Account

If you’re looking for a checking account with a higher-than-average interest rate and you’re tired of non-network ATM fees, the Kasasa Cash checking account may be right for you. As long as you meet some simple qualifications, you can generate a current APY of 2.02% on balances up to $10,000. 

The requirements are listed below. 

• Make at least 12 debit card purchases post and settle
• Enroll in and receive free monthly eStatements
• Establish at least one direct deposit or automatic payment (ACH)

Sound familiar? These are the same tasks that would bump the interest rate on your Kasasa Saver’s account if you link it with this option.

But regardless of your balance, the Kasasa Cash Checking account offers national ATM-fee refunds of up to $25 each month ($4.99 per single transaction). 

In addition, all of Emprise Bank’s checking accounts offer the following free features. 

• mobile banking
• mobile deposit
• ATM deposits
• Direct deposit
• Online bill pay
• People Pay app

Cash Back Checking Account

If you shop or use your debit card frequently, the Cash back account may put some extra dollars in your pocket. It offers 2% cash back on everyday debit card purchases that post and settle during the monthly qualification cycle. 

However, the bank limits this perk to $6 per month. Still, the account offers up to $25 in monthly ATM-fee reimbursements. 

Kasasa Tunes

For music lovers and binge watchers, Emprise Bank offers the Kasasa Tunes checking option. This account provides you with refunds on Amazon and iTunes purchases. Sounds too good to be true? Well, below are the details.

• To earn these rewards, you must  make at least 12 debit card purchases post and settle and receive free eStatements during the monthly qualification cycle. 
• Emprise Bank will refund you up to $10 for iTunes and/or Amazon purchases that post and settle throughout the first 30 days after you open your account. 
• You can earn up to $5 in refunds for Amazon and iTunes purchases if you met qualifications during the previous monthly qualification cycle. 
• The bank will credit refunds to your account on the last day of the statement cycle in which you made the refundable purchases. 

InControl Checking

The InControl Checking account makes paying your bills simple as it comes with unlimited check writing features. The bank also waives its monthly fee for online bill pay. In addition, Emprise Bank gives you a few opportunities to either slash or eliminate its $4 monthly service fee. Just meet the following obligations: 

• Use your debit card for purchases and the bank will reduce your monthly fee by 50 cents per transaction that posts and settles. 
• Get a $2 credit toward your monthly fee when you opt-in for free monthly eStatements. 
• Reduce your monthly service fee by $2 for every Automatic Clearing House (ACH) payment that posts and settles during the month. 

Classic Checking

The Classic Checking offers several features including free Emprise logo checks and a 25% discount on a safe deposit box. You also get unlimited check writing and debit card capabilities, as well as free money order and cashier’s checks. In addition, the bank will waive its $1.95 monthly online bill pay for the first 15 payments you make per month.  

Emprise Bank will also waive the $10 monthly service fee if you maintain an average daily balance of $2,500 or a total of $20,000 in deposits with the bank. This covers checking, savings, money market and CD accounts.

Branch Locations

Emprise Bank manages more than 30 full-service branches throughout the state of Kansas. You can contact them by dialing 855-383-4301.

Financial Statistics & Bank Health Rating

According to the latest FDIC reports, Emprise Bank has $2.42 billion in assets and $1.65 billion in loans. In addition, it holds $2.12 billion in deposits. But if you’re concerned about adding to that bulk, a good indicator of a bank’s risk level is its Texas Ratio. Those with  rankings below 5% are recognized in the industry to be very reliable. Emprise Bank has a Texas Ratio of 0.32%.

The preceding rates published on the Emprise Bank website are subject to change.