WebBank is offering a 2.40% APY high-yield savings online account with $1000 opening deposit. You’ll earn this rate with maintinance of the $1K threshold monthly and it’ll apply to your entire balance.
WebBank is an online bank that features no fees, online access, and a very nice 2.40% APY nationwide. There’s no maximum balance and only a minimum balance of $1K to get the high rate.
WebBank is an online bank that’s known for a fee-less experience.
WebBank 2.40% APY Online Savings Detail
Account Type: Savings account
Interest Rate: 2.40% APY
Minimum Balance: $1,000
Maximum Balance: None
Opening Deposit: $1,000
Monthly Fees: None
How to get the high rate
- Sign up for an online savings account.
- Deposit at least $1K.
- Maintain at least $1K throughout the month to earn the high rate.
ACH limits and speeds
WebBank allows push/pull from other banks, however I couldn’t find any exact details on ACH limits, speeds, and fees. If you know the answers to these, leave a comment please!
Pros of WebBank
- No fees
- $1K minimum to earn the 2.40% APY
- Online access
- Very nice rate
- Funding account possible in many ways
- FDIC insured
Cons of WebBank
- Online only- no branches
- No checking
WebBank is a good place to save your cash if you have more than $1K to
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