Bank5 Connect :
Online Savings Account - 0.40% 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 0.40%
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
Fees
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee $15.00
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.

Customer Reviews for Bank5 Connect (10)


  • 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 07, 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.

  • April 28, 2018 | | Replies 1

    Online CDs 24 Month Rates

    The rate caught my attention. I see a 1-year early withdraw penalty on a 2-year CD. No go. Wouldn't touch. Good bye.

    JB Childress | Apr 10, 2021

    I read it as saying 6 months. What I see that is ridiculous is that I cannot open it because I live in Rhode Island. Massachusetts residents also excluded.

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