CFG Bank:
Online Savings Account - 0.59% 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 0.59%
Minimum deposit amount $25,000.00
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
Monthly Maintenance Fee $10.00
Foreign ATM Fees N/A
Insufficient Funds Fee N/A
Incoming Wires N/A
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.

Customer Reviews for CFG Bank

  • June 3, 2021 |

    Online Savings Rates

    not perfect, but the rate is consistently at the top and therefor worth the effort

  • April 3, 2021 |

    Online CDs 12 Month Rates

    Communication fails. I attempted to open an account online. Just reaching a person took way too long, Bank required loan pull from an existing account first--a potential red flag to both my investment company and me. I continued nevertheless, sending all information CFG required. Waited for a week, still very difficult to get anyone to answer phone. In the end, a bank rep informed me my application expired due communication. I lost time and interest income, while the bank personnel never did anything. If a bank can't get a simple application right, or even contact me, I certainly wouldn't trust it with handling my money.

  • March 17, 2021 |

    Online Savings Rates

    I had been very happy with Purepoint for many years, but I switched over to this place. While the rates are both low, this one is over 50% higher (.66 versus .40). I do not regret moving. It was easy. I just cannot find anything not to like about CFG!

  • March 7, 2021 |

    Online Savings Rates

    I am happy with he rates and the phone service. The online ability to move money from a savings account to a CD or from a maturing CD back to savings is missing. You need to call. They seem to use their own online system rather than an out of the box system, but you'd think they could easily build that part. It is a minor inconvenience in an experience that is otherwise 5 star.

  • February 6, 2021 |

    Online Savings Rates

    The bank is local to us in Baltimore and is well regarded. Online banking is fine, although lacks some features of the better known names.

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