Cfg Bank
Savings Account - 4.00% APY
• May Add Deposits at Anytime
• No Check Writing Privileges
• New Funds Only
• $25,000+ Minimum Daily Balance to Obtain Annual Percentage Yield
• $1,000 Minimum Deposit to Open
• No more than a total of six (6) automatic or preauthorized transfers, telephone transfers, Online Banking transfers, or payment from your account each month, including payments by checks, drafts and debit cards to third parties.
• Unlimited withdrawals in person at the bank, at an ATM or by mail.
Fee and Feature Guide
|
Savings Account |
| Interest Rate |
|
| APY |
4.00% |
| Minimum deposit amount |
$1,000.00 |
| Maximum deposit amount |
N/A |
| Balance Requirements |
|
| Minimum Opening Deposit |
$1,000.00
|
| Minimum Balance to Avoid Fees |
$1,000.00 |
| Minimum Required Balance |
$25,000.00 |
| Minimum To Earn |
$0.00 |
| Fees |
|
| Monthly Maintenance Fee |
$10.00 |
| Foreign ATM Fees |
N/A |
| Insufficient Funds Fee |
N/A
|
| Incoming Wires |
N/A
|
| Statements |
|
| Paper Statements |
× |
| 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.
|
Pros
- Consistently competitive rates.
- Friendly service that you would expect from a small bank.
Cons
- $1,000 minimum to open.
- External transfers are limited to $30,000 per week.
- Paperless options are not available.
Recent Rate Changes
|
Date
|
APY
|
|
October 31, 2025 |
4.00%
|
|
September 25, 2025 |
4.15%
|
|
September 25, 2025 |
4.00%
|
|
September 24, 2025 |
4.15%
|
|
September 18, 2025 |
4.25%
|
|
March 6, 2025 |
4.32%
|
|
January 15, 2025 |
4.37%
|
|
December 19, 2024 |
4.52%
|
|
November 19, 2024 |
4.65%
|
|
November 12, 2024 |
4.80%
|
|
October 29, 2024 |
4.90%
|
|
October 8, 2024 |
5.00%
|
|
October 1, 2024 |
5.05%
|
|
September 18, 2024 |
5.19%
|
|
August 28, 2024 |
5.23%
|
|
January 23, 2024 |
5.25%
|
|
January 23, 2024 |
4.37%
|
|
September 30, 2023 |
5.25%
|
|
September 26, 2023 |
5.20%
|
|
August 29, 2023 |
4.37%
|
Customer Reviews for CFG Bank
richardw9
January 30, 2025 |
I found CFG Bank while searching for high APYs and went with them since they consistently offers some of the best rates in the country. I’ve had a great experience with my personal money market account. Unlike other banks that only reward new customers, CFG keeps rates competitive. Glad I made the switch
Is this review helpful? Yes:0 / No: 0
Estewart51
September 7, 2022 |
I was considering opening a CD with this bank but I'm having second thoughts due to the many NEGETATIVE reviews. I'm seeking an on line bank with competitive rates and GOOD CUSTOMER SERVICE.
Is this review helpful? Yes:10 / No: 15
Nancy B
August 17, 2022 |
So frustrating trying to open and fund an account. No return phone calls, couldn’t add funds. Giving up and taking my money elsewhere! If it’s difficult depositing money, I can only imagine trying to withdraw money!! Don’t waste your time!
Is this review helpful? Yes:17 / No: 1
PK
August 5, 2022 |
Don't waste your time. No one returns calls. We waited for a week and never heard back from them. If you cannot get your money into the bank I can only imagine the hassles getting it out. If you read these reviews its clear they do not have the capacity to actually be an online bank.
Is this review helpful? Yes:15 / No: 0
niedfreddie
May 27, 2021 |
Online application only good for opening a CD. I had trouble trying to establish an High Yield Saving Account. Their online application process kept initiating a CD account. I was unable to create a saving account and their service reps were not helpful in providing guidance for me to establish an savings account. Another factor to be aware of is transferring funds to external accounts takes forever to process. The only thing they have going is the high rates on their CD accounts.
Is this review helpful? Yes:8 / No: 0
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