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KS Bank Review

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

Overview

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.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

2.9
SmartAsset Average: 3.5

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

KS 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 KS 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

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.

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

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.

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Compare KS Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.05% APY $5000
Certificates of Deposit
  • 12 Month: 0.35% APY
  • 24 Month: 0.55% APY
  • 36 Month: 0.85% APY
  • 48 Month: 1.00% APY
  • 60 Month: 1.15% APY
$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.

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Find a KS Bank Near Me

KS Bank has 10 physical branches across the U.S.

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