Started in 1924, KS Bank has $373 million in assets and $297 million in deposits, classifying it as a small bank. KS Bank, whose headquarters are in Smithfield, North Carolina, 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 access to service representatives at a physical location, in addition to its online and mobile offerings. Overall, KS Bank is a respectable bank that deserves your consideration, with a rating of 4.1 out of 5 stars from the SmartAsset experts. KS Bank provides customers with a full array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. Institutions that offer no-fee checking, in addition to a high savings APY are your best bet for returning the most income from your deposits while maintaining convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
KS Bank has a savings rate of 0.10%, which is poor as compared against the national average. Its 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 has an APY of 0.15%. Given KS Bank's noncompetitive 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 convenient, even on the go. KS Bank receives high marks from customers for its mobile platform. With 10 ratings across 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). KS Bank's mobile app allows you to manage your bank accounts by checking monthly statements, sending and receiving money as well as accessing customer service. KS Bank gets a superb consumer satisfaction rating due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
KS Bank is a small bank with assets totaling $373 million and $297 million in deposits. KS Bank has an excellent Texas Ratio of 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 Account||0.1% APY||$5000|
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 think about 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 as compared against the national average.Back to Overview
Find a KS Bank Near Me
KS Bank has 10 branches across the U.S.Back to Overview