KS Bank started in 1924 with headquarters located in Smithfield, North Carolina. It handles assets of $373 million and $297 million in deposits, classifying it as a small bank. KS Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. We gave KS Bank a 4.1 stars out of 5, which means it is a good bank that you should consider. KS Bank offers a diverse array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. KS Bank has a fair savings rate; you can find higher rates with other banks. Locating an institution with no-fee checking, in addition to a high savings APY is your best option for gaining the highest income from your deposits alongside easy access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
KS Bank features a savings rate of 0.10%, which is poor compared to the national average. KS Bank's one-year CD has a rate of 0.35% and the five-year CD has a rate of 1.15%, while its highest-yielding money market account earns at a rate of 0.15%. Given KS Bank's below average savings rate, you should consider looking at the competition to open savings accounts.
How KS Bank's Savings Rates Compare
There is insufficient data on KS Bank's fees to provide a full SmartAsset rating.
KS Bank is a brick-and-mortar bank, with 10 total branches in North Carolina. With mobile and web apps, KS Bank makes mobile banking easy, even on the go. KS Bank gets great feedback from users for its mobile banking services. With 10 ratings on Apple and Android platforms, the KS Bank mobile app has an overall rating of 4.7 out of 5 (compared to the national average of 3.8). You can access KS Bank's mobile app to control your bank accounts by monitoring monthly statements, transferring money and reaching customer service. KS Bank receives an excellent consumer satisfaction rating due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
KS Bank is currently a small bank owning $373 million in assets and deposits totaling $297 million. KS Bank's Texas Ratio is 1.54%, signifying a low probability of failure. Additionally, KS 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 KS Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.1% APY||$100|
|Checking Account||0.05% APY||$5000|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.1% APY 0.15% APY||$10000 $15000|
KS 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. KS Bank does not have the best savings rate, which means you should consider taking a look 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. KS Bank's CD rates are fair in comparison to other U.S. banks.Back to Overview
Find a KS Bank Near Me
KS Bank has 10 physical branches across the U.S.Back to Overview