1APY is accurate as of 10/01/2018. An interest rate of 1.98% will be paid for average daily balances up to $15,000 with an Annual Percentage Yield (APY) of 2.00%; average daily balances greater than $15,000 will earn a 0.01% interest rate only for that portion of the average daily balance that is greater than $15,000. The annual percentage yield for this tier will range from 2.00% to 0.27% depending on the balance in the account (calculation based on a $115,000 average daily balance). Interest rates and APY are variable and may change at our discretion at any time without notice. Fees may reduce earnings. A withdrawal from your account will reduce earnings. In order to qualify for interest, account holders must be a non-enrolled student, as identified by our partner school and make $500.00 or more in point-of-sale purchases with their BankMobile Vibe Debit Mastercard® card per statement cycle (ATM transactions and point-of-sale refunds do not qualify). View our Fee Schedule and Terms and Conditions for information on how we determine student status and interest.
2This claim applies to BankMobile Vibe Checking Account balances up to $15,000. National rates are calculated as of 07/16/18 and are based on a simple average of rates paid (uses annual percentage yield) by all insured depository institutions and branches for which data are available. Data used to calculate the national rates are gathered by RateWatch. Savings and interest checking account rates are based on the $2,500 product tier while money market and certificate of deposit are based on the $10,000 and $100,000 product tiers for non-jumbo and jumbo accounts, respectively. Account types and maturities published in these tables are those most commonly offered by the banks and branches for which we have data – no fewer than 45,000 locations and as many as 81,000 locations reported. The deposit rates of credit unions are not included in the calculation.