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 at least one repeating automatic transfer of $25 or more from Chase checking account, or an account owner who is an individual younger than 18, or account is linked to a Chase Premier Plus Checking, Chase Premier Platinum Checking or Chase Private Client Checking 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 Rewards Savings
Monthly Fee $0 $8
Options to Waive Monthly Fees Not Applicable Maintain a minimum daily balance of at least $500, link Bank of America Interest Checking® account to Rewards Savings 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. APY is accurate as of 8/1/2018. An interest rate of 1.00% will be paid for average daily balances up to $15,000 with an Annual Percentage Yield (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 annual percentage yield 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.View our Terms and Conditions for information on how we determine eligibility and interest. View our Fee Schedules for fees associated with the savings account.

2 Bank of America has tiered rewards program where if certain criteria is met they can receive the higher APY.

 

This information was obtained from the Wells Fargo, Chase and Bank of America fee schedules as of 9/4/2018. See these fee schedules for more details.

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