Whatever you’re saving for, we’ve got your back with:

  • 1.00% (APY)1 on balances up to $15,000 – The BankMobile Savings Account earns you one of the best interest rates out there, because making your money grow with us and helping you reach your financial goals is our top priority!
  • $0 monthly service fee.
  • Easily deposit funds to your account with transfers from your BankMobile Checking Account, an external bank account or deposit checks using EasyDeposit℠ Mobile Check Capture.
  • Open a BankMobile Savings Account and earn one stamp in the Passport Recognition Program, plus one stamp for every deposit of $100.
  • Fee-free access to over 55,000 Allpoint® Network ATMs.
    $3.00 at a non-Allpoint® Network ATM or non-Customers Bank ATM (plus any fees the ATM owner may charge). Use Allpoint® Network ATMs and Customers Bank ATMs to avoid ATM fees. ATM availability varies by location.

1 In order to qualify for a BankMobile Savings Account you must have a BankMobile Checking Account. Annual Percentage Yield (APY) accurate as of 9/27/2019. An interest rate of 1.00% will be paid for average daily balances up to $15,000 with an APY of 1.00%; 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 APY for this tier will range from 1.00% to 0.14% 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 any time at our discretion without notice. Fees may reduce earnings. A withdrawal from your account will reduce earnings. Limit six (6) transfers or withdrawals per statement cycle. For more information see the BankMobile Savings Account Fee Schedule and Interest Rate Information and Terms and Conditions.

See how we stack up!

See how our savings account compares to other banks using our interactive comparison tool.

  • Fees and Interest Rate
  WELLS FARGO
Account Name BankMobile Savings Account Way2Save® Savings
Monthly Fee $0 $5
Options to Waive Monthly Fees Not Applicable
  • Maintain a $300 minimum daily balance OR
  • Set up and maintain one or more automatic, recurring savings options OR
  • Are under the age of 18 (19 in AL) and are the primary owner of account
Interest Rate 1.00%1 0.01%
Annual Percentage Yield 1.00%1 0.01%
Minimum Opening Deposit $0 $25
  CHASE
Account Name BankMobile Savings Account Chase Savings
Monthly Fee $0 $5
Options to Waive Monthly Fees Not Applicable
  • A balance at the beginning of each day of $300 or more in this account OR
  • Have at least one repeating automatic transfer, including Autosave, of $25 or more from your personal Chase checking account or Chase Liquid® Card; use chase.com or Chase Mobile® for setup OR
  • A Chase College CheckingSM account linked to this account for Overdraft Protection OR
  • An account owner who is an individual younger than 18 OR
  • A linked Chase Better Banking® Checking, Chase Premier CheckingSM, Chase Premier Plus CheckingSM, Chase SapphireSM Checking, or Chase Private Client CheckingSM account
Interest Rate 1.00%1 0.01%
Annual Percentage Yield 1.00%1 0.01%
Minimum Opening Deposit $0 $25
  BANK OF AMERICA
Account Name BankMobile Savings Account Advantage Savings
Monthly Fee $0 $8
Options to Waive Monthly Fees Not Applicable
  • Maintain a minimum daily balance of $500 or more OR
  • Link your Rewards Savings account to your Bank of America Advantage Relationship Banking™ account (waiver applies to first 4 savings accounts) OR
  • When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts).
Interest Rate 1.00%1 0.03% to 0.06%2
Annual Percentage Yield 1.00%1 0.03% to 0.06%2
Minimum Opening Deposit $0 $100

 

1 In order to qualify for a BankMobile Savings Account you must have a BankMobile Checking Account. Annual Percentage Yield (APY) accurate as of 9/27/2019. An interest rate of 1.00% will be paid for average daily balances up to $15,000 with an APY of 1.00%; 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 APY for this tier will range from 1.00% to 0.14% 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 any time at our discretion without notice. Fees may reduce earnings. A withdrawal from your account will reduce earnings. Limit six (6) transfers or withdrawals per statement cycle. For more information see the BankMobile Saving Account Fee Schedule and Interest Rate Information and Terms and Conditions.

2 Bank of America has a rewards program where if certain criteria is met the customer can receive a higher APY. For new Rewards Savings accounts, fee is waived for the first 6 months. Required balance Gold: $20K to < $50K, Platinum $50K to < $100K, Platinum Honors $100K+

 

Data collected by BankMobile is current as of 12/31/2019

Manage Your Account

We’re with you wherever you go! Manage both your BankMobile Checking Account and BankMobile Savings Account on the web or with the BankMobile App.

Let’s start saving you some money.

To open a BankMobile Savings Account, simply log in to your BankMobile Checking Account and under Add An Account, select Savings Account.

Once you’ve opened your savings account, you can start depositing funds right away with transfers from your BankMobile Checking Account, transfers from an external bank account or deposit checks using EasyDeposit℠ Mobile Check Capture

Have questions?

Get in touch
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