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North American Savings Bank (MO) Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
North American Savings Bank Savings
0.14% APY

Overview

Our Rating: 4.1/5 How we calculated this rating

Established in 1923, North American Savings Bank has $2 billion in assets and $1 billion in deposits, which makes it a large bank. North American Savings Bank, whose headquarters are in Grandview, Missouri, has above-average customer service access with a live chat feature, which is helpful for those that work during typical customer service hours. 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. On the whole, North American Savings Bank is a respectable bank that gets the job done with a rating of 4.1 out of 5 stars from our team. 

North American Savings Bank has a full selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, North American Savings Bank's standard checking account does not carry a monthly maintenance charge. Keeping accounts in the same place can be perfect when you want to get the highest return on your income while retaining access to your funds without having to wait for money to transfer between accounts.

Service Quality

North American Savings Bank is a brick-and-mortar bank, with 11 total bank locations in Missouri. It also offers access to mobile and web apps for a simple mobile-banking experience. It does not have all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday, 8:00 a.m. to 6:00 p.m. CT; Saturday, 9:00 a.m. to 12:00 p.m. CT. North American Savings Bank also offers a live chat feature, something to consider if you work during the customer service hours.

North American Savings Bank's online and mobile banking services get low scores from customers: with 21 customer reviews on Apple and Android platforms, the North American Savings Bank mobile app has an overall rating of 3.2 out of 5 (compared to the national average of 3.8). You can utilize North American Savings Bank's mobile app to manage your funds by monitoring monthly statements, transferring money and accessing support representatives. North American Savings Bank receives a superb consumer satisfaction rating based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.14% APY $100 Compare Offers
Certificates of Deposit
  • 12 Month: 0.35% APY
  • 24 Month: 0.85% APY
  • 36 Month: 2.80% APY
  • 48 Month: 1.10% APY
  • 60 Month: 1.15% APY
$1,000 for all tiers Compare Offers
Money Market Accounts
  • 10K tier: 0.50% APY
  • 25K tier: 0.60% APY
  • $1
  • $25,000
Compare Offers
Checking Accounts 0.10% APY $2,500 Compare Offers

North American Savings Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs, providing you with many options to manage your money. It does not have the best savings rate, which means you should think about taking a look elsewhere for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. North American Savings Bank's CD rates are fair in comparison to other U.S. banks. 

Rates

North American Savings Bank has a savings rate of 0.14%, which is fair in comparison to the average U.S. bank. North American Savings Bank's one-year and five-year term lengths CD's earn at a rate of 0.35% and 1.15%, respectively, while its highest-yielding money market account earns at an APY of 0.60%. Given its noncompetitive savings rate, you should think about looking elsewhere to open savings accounts.

Compare North American Savings Bank to Other Competitive Offers

Fees

North American Savings Bank typically has extremely low fees compared to other U.S. banks. North American Savings Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. For those who will need cash in a pinch, it is ideal because it has no ATM fees. 

Financial Health

North American Savings Bank is currently a large bank and handles assets totaling $2 billion and deposits totaling $1 billion. It has a very good Texas Ratio of 6.43%, indicating a tiny likelihood of failure. Additionally, North American Savings Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a North American Savings Bank Near Me

North American Savings Bank has 11 locations in the U.S.

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