NewDominion Bank Offering 1.5% APY Savings Account Rate

NewDominion Bank out of Charlotte, NC is offering a competitive 1.5% APY savings account rate.

NewDominion Bank out of Charlotte, NC is offering a competitive 1.5% APY savings account rate.  We've reviewed NewDominion before because of competitive rates they offered on CDs.

The 1.5% APY savings rate is right in the sweet spot of high yield savings account rates. The chart below shows that 1.5% APY is the most popular rate amongst the banks on the BestCashCow savings rate tables over the past week. That means there is a good choice in banks clustered around that rate.

Features of the NewDominion savings account include:

  • $1,500 minimum opening balance
  • $1,000 ongoing balance to avoid a $10 monthly fee
  • Three free withdrawals per month; $5 each thereafter
  • Interest compounded daily, paid monthly
  • Electronic quarterly statement

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