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WebBank 2.50% APY Savings Account Review

WebBank 2.50% APY Savings Account Review

WebBank is offering a nice 2.50 APY nationwide, which makes it one of the highest interest savings account on the market.

The only requirement is that you fund it with an opening deposit of $1,000 and meet the monthly balance requirement to get the high rate to all balance in the account.

About WebBank

WebBank is an online bank with no monthly fees. You can add funds to your account by mobile deposit, wire transfer, or check. Compared to other high-yield savings account, WebBank’s 2.50% APY is one of the highest in the nation.

WebBank 2.50% APY account details

  • Account type: Savings account
  • Interest: 2.50% APY
  • Availability: Nationwide
  • Min balance: $1,000
  • Maxbalance: None
  • Opening Deposit: $1,000

How to get the high rate

  1. Sign up here.
  2. Fund your account with at least $1,000.
  3. Maintain your opening deposit to earn the 2.50% APY on all balances.

Fees

WebBank’s online savings account has no fees.

ACH limits and speeds

I’m not too sure on this one right now. If you know, please leave a comment.

Overall review

If you’re looking for one of the nation’s best interest rates for savings account, WebBank ranks near the top at 2.50% APY. There are no fees and WebBank is completely online.

All you need to do is maintain the monthly amount of $1,000 in your account to score the sweet rate.

What do you think?

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