Bank5 Connect

Bank5 Connect
Online Savings Account - 1.50% APY

• No Maintenance Fees.
• Minimum balance of $100 required to earn interest.
• Free ATMs – Access thousands of ATMs nationwide for free.
• Free Monthly eStatements – eStatements delivered straight to the Online Banking account.
• Pay Bills Online – Make one-time payments, or schedule recurring payments.
• Free Checks – The first order of basic checks is free, and it can easily order new checks through Online Banking.
• Purchase Rewards – Earn cash back at popular stores and restaurants with your Bank5 Connect Visa® Debit Card.
• Send Money to Family and Friends – Use the Pay People feature in Online Banking or our Mobile App to transfer money to other individuals.

Fee and Feature Guide

Savings Account
Interest Rate
APY 1.50%
Minimum deposit amount $100.00
Maximum deposit amount N/A
Balance Requirements
Minimum Opening Deposit $10.00
Minimum Balance to Avoid Fees $0.00
Minimum Required Balance $100.00
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee $15.00
Incoming Wires N/A
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.

Customer Reviews for Bank5 Connect (11)

  • July 17, 2021 |

    I've been with this bank for 6 months and have not had any problems. Bill pay works good. The 24 month investing CD is another vechile I use. Rates are above average considering the national rate. I'd recommend this bank.

  • June 27, 2020

    Online CDs 12 Month Rates

    Agree with "Cannot recommend", this is a bricks and mortar bank with a very limited online presence.

  • September 15, 2018 |

    Online Savings Rates

    I applied 5 days ago. I have perfect credit. Got a letter back saying that they were unable to verify my credit with Equifax. I have never dreamed of being rejected for a savings account and have nothing more to say (speechless).

  • July 21, 2018 |

    Online CDs 12 Month Rates

    This is not an online bank. It is a Massachusetts bank discriminating against Massachusetts residents by trying to offer higher rates to outsiders. But, their online capabilities are a joke. Please remove from the online table and return this to the Mass. table.

  • May 7, 2018 |

    Great rates on CD's, but a big pain in the --- to get through the account opening even when you are a existing customer.

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