• $100 minimum opening balance
• Maximum deposit balance limit of $10 million per Account holder
• No hidden fees
• Free monthly maintenance
• Free ACH transfers
• Free online statements
• Free incoming wire transfers
• Unlimited deposits via mobile check capture and ACH transfer
• $25 per outgoing wire transfer
• $15 per official check request
• $5 per paper statement request
• Auto-renew at maturity or cash out without penalty within the 10-day grace period
Savings Account | |
---|---|
Interest Rate | |
APY | 0.63% |
Termlength | 12 Month |
Minimum deposit amount | $1,500.00 |
Maximum deposit amount | N/A |
Balance Requirements | |
Minimum Opening Deposit | $1,500.00 |
Minimum Balance to Avoid Fees | $0.00 |
Minimum Required Balance | $0.00 |
Fees | |
Monthly Maintenance Fee | N/A |
Foreign ATM Fees | N/A |
Insufficient Funds Fee | N/A |
Incoming Wires | N/A |
Statements | |
Paper Statements | Yes |
Online Statements | Yes |
Online and Telephone Banking | |
Online Banking | Yes |
Telephone Banking | Yes |
Mobile Banking | Yes |
Deposit Checks with Mobile Device | Yes |
Free Bill Pay | Yes |
Online Bill Payments Required | Yes |
Account Opening | |
Open Online | Yes |
Insured by | F.D.I.C. |
J Finerman | Mar 06, 2021
No problems. Easy to open and use.
Royalty Me | Feb 12, 2021
I've got accounts at all of these places (beats getting 0.01% on my cash in brokered CDs at Morgan Stanley). I was pleased to see a new entrant that was spending a little to build a brand. The account opening process was - dare I say - fun. I did need to call with an access issue and the phone was answered immediately by a very helpful woman who treated me like a grown up (addressed me by my last name and did not become frustrated with my mistakes entering the information). I'd put this in the same league as Marcus or Citizens and above everything else I have experienced on your list.
EJ24 | Jan 14, 2021
Easiest account set-up process ever.
Duck | May 05, 2020
We had a great experience setting up two CDs. Maybe they have heeded the past bad reviews?
Laura Size | Oct 09, 2019
It is all fun and games until you need to withdraw your cash and then it becomes hell on earth. Impossible to reach a rep and if you do it is like fighting with a tiger. Their preferred withdrawal method is to mail you a check by snail mail and will not wire or do electronic transfer. I suggest you avoid. Plus, rates are falling.