North American Savings Bank (NASB) is offering a new CD rate promotion for customers that have a checking account relationship with the bank.  The CD interest rate offered is based on a tiered structure with higher rates paid to account holders that hold larger checking account balances.

The bank offers several different terms and rates in the current promotion.  Two standout terms in this offer include the 13 month CD and five year CD.  For account holders that have a checking account with NASB that has a balance of at least $1,000.00, the 13 month CD rate is 0.95%.  If the checking account balance is greater than $2,500.00, the CD rate is 1.00%.  And if the checking account balance is in excess of $10,000.00, the CD rate offered is increased to 1.10%.

The five year term certificate rate starts at 2.00% for customers that hold a checking account with a balance of $1,000.00, 2.05% for account balances of $2,500.00, and 2.10% for checking account balances of $10,000.00 or greater.

NASB offers a variety of checking accounts that are available and may be used to qualify for the relationship CD rate.  However, the bank’s Rewards Checking and Money Market Checking are not eligible for the relationship CD rates.  The CD rate promotion is based on the amount of funds held in the checking account; all of the bank CDs have a minimum required deposit amount of $1,000.00.

The CD interest earned is compounded daily.  The Annual Percentage Yields listed assume reinvestment of principal and interest at the same rate.  All rates subject to change without notice.  Early withdrawal penalty may apply.  Fees can reduce the earnings on the account. The rates are accurate as of September 28, 2014.

North American Savings Bank is based in Grandview, MO.  The bank operates six offices in greater Kansas City, Missouri and others in Harrisonville, St. Joseph, and Excelsior Springs, Missouri.  The bank is also a nationwide residential mortgage lender.

For more information about the North American Savings Bank promotion, a bank customer service representative can be reached by calling NASB toll free at 800-677-6272.

To compare these rates with the best nationwide CD rates available by term see the following rate tables: six month CD rates, one year CD rates, two year CD rates, and five year CD rates.

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