Updated: Jan 01, 2024

NBKC Bank Money Market Account 2024 Review

Our review of the nbkc Bank Money Market Account breaks down the interest rates, account fees, and any useful features that offers additional convenience.
Editor's Rating
Today's Rates
Super boost your savings with highest rates.
Savings Accounts up to:
5.35% APY

NBKC Bank offers a high-yield money market account that gives you multiple ways to access your savings. There are virtually no fees and no minimum deposit requirement to open an account. 

Our Verdict

The NBKC Bank Money Market Account is a good choice for savers who want convenient access to their money and competitive rates. You can pair it with an NBKC Everything Account if you also need a checking account with minimal fees. 

This account could be an excellent pick for people who:

  • Prefer money market savings to traditional savings accounts
  • Would like to be able to withdraw cash at ATMs
  • Are comfortable with having an online-only bank account
  • Want the option to write checks from savings

NBKC Bank is an award-winning bank that offers a variety of financial products and services, including checking accounts, money market accounts, CDs, personal loans, auto loans and home loans. You can open accounts or apply for loans online, though the bank does have a few branches in Missouri and Kansas.

nbkc Bank Money Market Account Pros & Cons

  • No monthly maintenance fee
  • Debit card and check-writing available
  • Get up to $12 per month in foreign ATM fee refunds
  • FDIC-insured up to the applicable limits
  • Rates are not as high as leading online savings accounts
  • Limited branch banking (in Kansas area)

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Compared to Other Online Savings Accounts

Quontic Bank Money Market Account

Quontic Bank's money market account features an exceptional APY, along with other benefits like check-writing privileges and a debit card. You'll need at least $100 to open this account and there are no hidden fees. You can use your debit card to withdraw cash fee-free at more than 90,000 ATMs. 

Read our review

U.S. Bank Elite Money Market Account

The U.S. Bank Elite Money Market Account also earns a competitive rate, but there's one catch. You'll need to maintain a $25,000 minimum balance to get the highest APY. There are no monthly maintenance fees when you open a U.S. Bank Smartly Checking Account and enroll in Smart Rewards or maintain a $10,000 minimum balance. 

Read our review

Discover Bank Money Market Account

Discover Bank's money market account offers tiered rates, one for balances under $100,000 and another for balances over $100,000. Both are above what you could earn with NBKC Bank's money market account and there are no monthly maintenance fees. You can withdraw cash fee-free at more than 60,000 ATMs. 

Read our review

Ally Bank Money Market Account

Ally Bank helps you grow your savings faster with a solid APY that applies across all balance tiers. You can access cash at more than 43,000 Allpoint ATMs fee-free and there are no monthly maintenance fees. Ally also offers checking accounts, high-yield savings accounts and CD accounts to help you reach your financial goals. 

Read our review

Interest Rates

NBKC Bank offers a competitive rate to money market savers, but it isn't the highest APY you'll find. Of the money market alternatives listed above, Quontic Bank actually pays the most to savers. 

However, NBKC's rates are still better than what you might earn at a traditional bank or credit union. If you're shopping for the best high-yield money market accounts, here are a few tips to remember. 

  • The best rates are usually found at online banks, versus brick-and-mortar banks or credit unions.
  • Money market rates may be above or below high-yield savings account rates, depending on the bank. 
  • Banks may tier money market account rates, rewarding you with a higher APY for maintaining a larger minimum balance. 
  • Money market account rates aren't fixed and they can go up or down at any time. 

When comparing money market savings accounts, the APY is one of the main factors to weigh. But it's also important to consider the fees you might pay. 


High banking fees can take the shine off a savings account even when you're earning a higher APY. NBKC Bank keeps things simple by charging minimal fees with its money market account. 

Here's a rundown of the fees associated with this account.

Other Service Fees - nbkc Money Market Account

Type Fee
Monthly maintenance fee $0
Excess withdrawal fee $0
Dormant account fee $0
Returned item fee $0
Stop payment $0
Cashier's checks $0
Incoming domestic wire transfer $0 domestic
Incoming international wire transfer $45 international
Outgoing domestic wire transfer $5 domestic
Outgoing international wire transfer $45 international
Statement copies $0

NBKC Bank refunds foreign ATM fees, up to $12 per month. That's a nice bonus benefit, as other banks don't always do that. 

ATM Access

When you open an NBKC Bank Money Market Account, you'll get an ATM card that you can use to withdraw cash. 

You can access funds at more than 37,000 ATMs. NBKC Bank doesn't charge any ATM fees and they'll reimburse you for up to $12 per month in foreign ATM surcharges. 

Remember, the goal of keeping money in savings is to save it, not spend it. However, knowing that you'll be able to withdraw cash in a pinch if you need to is reassuring. 

Account Management

NBKC Bank has a handful of branches but if you don't live near any of them, you've got other ways to manage your money. 

Your options for depositing or withdrawing money include:

  • Online and mobile banking
  • Remote check deposit
  • Wire transfers
  • Paper checks
  • ATM access 
  • ACH transfers to or from an external linked bank account
  • Direct deposit

That's typical of what you'll find at other online banks. Getting an ATM card and checks can make it easier to withdraw cash or pay for things without first having to transfer funds to another bank. 

FDIC Insurance

NBKC Bank is an FDIC-member bank. That means your money market deposits are covered by FDIC insurance.

FDIC coverage protects you in the rare event of a bank failure. There's nothing you need to do to sign up; you're automatically covered. 

Deposits at insured banks are secure, up to a set limit. The current FDIC insurance limit is $250,000 per depositor, per account ownership type, per financial institution. 

What to Look for in a Money Market Savings Account

Money market accounts are a little different from savings accounts since they can offer you more ways to manage your money. If you're looking for a money market account, here are a few things to consider as you compare different banks. 

  • What other types of accounts you can open
  • Interest rates and APY
  • Whether rates are tiered or apply to all balances
  • Check-writing privileges
  • ATM or debit card access
  • Minimum deposit requirements, if any
  • Minimum balance requirements 
  • Monthly fees, if any
  • Other fees, such as excess withdrawal fees or wire transfer fees
  • Online and mobile banking access
  • Branch banking access (if you'd prefer a traditional bank)
  • Savings features and money management tools
  • Deposit and withdrawal limits
  • Overdraft protection
  • Customer service
  • Overall user experience

Doing your research can help you find the right savings account for your needs. 

Taking time to compare savings accounts at online banks and traditional banks can give you an idea of what options you have. 

Frequently Asked Questions

Is NBKC Bank a real bank?

Yes, NBKC Bank is a legitimate financial institution. The bank offers personal checking accounts, CD accounts, money market accounts and loans. You can also open business bank accounts here. 

What does the NBKC stand for?

NBKC stands for National Bank of Kansas City. The bank rebranded in 2015 and was originally established as Horizon National Bank in 1999. 

Is NBKC a national bank?

NBKC Bank is headquartered in Kansas City but offers its banking products and services nationwide. That means if you'd like to open a money market account, checking account or CD you can do so online, without having to visit a branch.