Bank5 Connect High-Interest Savings Account
The most common type of bank account aside from the checking account is the savings account. A savings account is where you put money aside for a rainy day, to earn interest, or to save toward a major purchase. It's money that you don't need ready access to, and the more money you set aside in a savings account, the more interest it will earn.
If you're thinking about setting aside for the future, there’s no better way than with a Bank5 Connect High-Interest Savings Account. Squirrel that money away and use it down the road for something you really want. And while you’re waiting, check out this competitive interest rate.
That can really add up over time! Let’s see, anything else you need to know about a Bank5 Connect High-Interest Savings Account? Oh yes …
- Free Online Banking and eStatements**
- Free Mobile Banking
- Savings can be used to cover overdrafts of checking account
The minimum balance to open a Bank5 Connect High-Interest Savings Account is only $10! And the minimum balance to earn interest is just $100! And they’re FDIC Insured for up to $250,000 and DIF Insured for over $250,000, meaning 100% of deposits are insured in full!
Like to open a Bank5 Connect High-Interest Savings Account? Click here to open an account online today!
* APY – Annual percentage yield. Rate may change after account is opened. Fees may reduce earnings. Only balances of $100 and up will earn 1.85% APY. Rate accurate as of .
** As of January 1, 2018 there is a $1 per statement, per month fee for Bank5 Connect Checking and Savings accounts that receive statements through U.S. Mail. Checking and Savings accounts that receive eStatements will not incur a fee.
Limitations on frequency of transfers – During any calendar month of statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, or by check, draft, debit card (if applicable) or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be charged a $10 fee for each item in excess of the six, and be subject to closure by the financial institution.