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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


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.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

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

KS Bank Savings 0.10 National Average 0.26 Compare Offers
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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

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 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.

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

SmartAsset Average: 4.8

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.

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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 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.

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Find a KS Bank Near Me

KS Bank has 10 branches across the U.S.

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