NBKC Bank Offers 4.30% APY on 7-Month CDs Amid No-Fee Digital Banking Push

NBKC Bank has positioned itself as a competitive player in the online banking sector in 2025, offering a compelling mix of high-APY checking accounts, money market accounts (MMAs), and certificates of deposit (CDs). Founded in 1999 as Horizon National Bank and headquartered in Kansas City, Missouri, the institution has evolved into a digital-first bank with limited physical locations but robust online services. As of August 18, 2025, the bank offers a 1.75% APY on its Everything Checking Account, a 3.00% APY on its MMA, and CD rates as high as 4.30% for a 7-month term [1]. These rates are particularly attractive in a market where traditional banks often charge monthly fees that can erode earnings.

What sets NBKC apart is its no-fee structure. The bank does not charge monthly maintenance, overdraft, returned check, or stop payment fees. It also offers a $12 monthly reimbursement for out-of-network ATM fees [1]. These features make it an appealing choice for individuals and small businesses looking to minimize unnecessary costs while maximizing returns on their deposits.

The Everything Checking Account is designed to combine the flexibility of a checking account with the earning potential of a savings account. It allows customers to set savings goals and track progress while maintaining the ability to make purchases using a debit card. Unlike many banks, NBKC does not offer separate checking and savings accounts, which may not suit those who prefer a distinct separation between the two [1].

For those looking for higher returns, NBKC’s MMA and CDs provide strong alternatives. The MMA offers a 3.00% APY with no minimum balance or transaction limits, making it an ideal option for those seeking a liquid but interest-earning account. Its CD products, which range from 6 months to 5 years, provide rates up to 4.30%, particularly for short-term deposits like the 7-month CD. However, longer-term CDs, such as 3- and 5-year options, offer lower returns, with APYs at 3.25% [1]. This suggests that NBKC may be better suited for short-term savers rather than long-term investors.

Business customers can also benefit from NBKC’s offerings, including checking accounts, MMAs, and CDs. While business checking accounts do not earn interest, they provide tools for managing invoices and payments, including integration with platforms like Autobooks. Business MMAs offer a slightly lower APY of 2.75% compared to personal accounts but still remain competitive in terms of fees and flexibility [1].

Despite its strong rates and low fees, NBKC has limitations. It operates only four physical branches, all located in the Kansas City metro area. Additionally, many of its loan products—such as personal and business loans—are only available to residents in that region. This geographic restriction may limit the bank’s appeal for nationwide users [1]. Furthermore, the bank does not offer a standalone savings account, which could be a drawback for customers accustomed to such options.

The bank’s digital presence is strong, with a well-reviewed mobile app that supports mobile check deposits, bill pay, and financial tracking features like a “Financial Snapshot” tool. The app has earned 4.4 stars on Google Play and 4.5 on the Apple App Store [1]. Customer service is available via phone and live chat from Monday to Friday and includes limited Saturday support. Trustpilot ratings are favorable, with a 4.8-star rating and 92% five-star reviews [1]. However, some users have expressed concerns about transparency regarding account limits and delays in processing loans.

In the broader market, NBKC competes with institutions like Discover Bank and Capital One. While Discover offers a higher APY on savings accounts and Capital One provides competitive CD rates, NBKC’s combination of no fees and interest-bearing checking accounts makes it a unique option [1]. It is particularly attractive for those who prioritize earning interest without being burdened by maintenance or overdraft fees.

In conclusion, NBKC Bank is an appealing choice for customers seeking high returns and minimal fees, especially for short-term savings and interest-bearing checking. However, potential users should consider the geographic limitations and the absence of certain features like standalone savings accounts. For those who live outside the Kansas City area, or who require in-person services, NBKC may not be the best fit [1].

Source: [1]NBKC Bank review 2025: High-APY checking, MMAs, and CDs (https://fortune.com/article/nbkc-bank-review/)