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 |
| 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. |
Customer Reviews for CFG Bank
Lisa T
June 3, 2021 |
not perfect, but the rate is consistently at the top and therefor worth the effort
Is this review helpful? Yes:1 / No: 0
Matterhorn Peak
April 3, 2021 |
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 to...no 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.
Is this review helpful? Yes:4 / No: 0
54321ME0
March 17, 2021 |
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!
Is this review helpful? Yes:0 / No: 0
TrentJ
March 7, 2021 |
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.
Is this review helpful? Yes:2 / No: 0
George Linden
February 6, 2021 |
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.
Is this review helpful? Yes:0 / No: 0
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