0.50%1
0.50% to 0.06%1
0.50%
0.01%
1 BankMobile Vibe Checking Account holders who make Qualifying Deposits totaling $300 or more per statement cycle, will qualify for interest on their BankMobile Vibe Checking Account. Qualifying Deposits include direct deposit, transfers from external bank accounts, check deposits, point of sale deposits and cash deposits such as those made via Green Dot® Reload @ the Register ™. Financial aid refunds or other refunds issued by your school, interest earned on your account, promotional credits such as cash back rewards, internal account transfers, fee waivers, fee credits, returned items or dispute credits are not eligible toward the $300 in total deposits. Annual Percentage Yield (APY) accurate as of 11/9/2022. An interest rate of 0.50% will be paid for average daily balances up to $1,000.99 with an APY of 0.50%. An interest rate of 0.01% will be paid only on the portion of the average daily balance that is greater than $1,000.99 resulting in an APY range of 0.50% to 0.06%, depending on the balance in the account, assuming a maximum average daily balance of $10,000.00. 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. For more information see the BankMobile Vibe Checking Account Fee Schedule and Interest Rate Information and Terms and Conditions.
0.50%2
0.50% to 0.05%2
0.05% to 0.04%2
0.50%
0.02%
0.01%
2 BankMobile Interest Bearing Checking Account holders who make Qualifying Deposits totaling $300 or more per statement cycle, will qualify for interest on their BankMobile Interest Bearing Checking Account. Qualifying Deposits include direct deposit, transfers from external bank accounts, check deposits, point-of-sale deposits and cash deposits such as those made via Green Dot® Reload @ the Register™. Financial aid refunds or other refunds issued by your school, interest earned on your account, promotional credits such as cash back rewards, internal account transfers, fee waivers, fee credits, returned items or dispute credits are not eligible toward the $300 in total deposits. Annual Percentage Yield (APY) accurate as of 11/9/2022. An interest rate of 0.50% will be paid for average daily balances up to $1,000.99 with an Annual Percentage Yield (APY) of 0.50%. An interest rate of 0.02% will be paid only on the portion of the average daily balances that are greater than $1,000.99 up to $15,000.99, resulting in an APY range of 0.50% to 0.05%, depending on the balance in the account. An interest rate of 0.01% will be paid on the portion of the average daily balance that is greater than $15,000.99 resulting in an APY range of 0.05% to 0.04%, depending on the balance in the account, assuming a maximum average daily balance of $20,000.00. 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. For more information see the BankMobile Interest Bearing Checking AccountFee Schedule and Interest Rate Information and Terms and Conditions.
We work with schools to deliver refunds with the BankMobile Disbursements platform, powered by BMTX, Inc. Schools provide us with your student enrollment status monthly, which is used by us to determine your eligibility for interest rates and other products. If you have a BankMobie Vibe Checking Account and you become unenrolled, you will be moved to the BankMobile Interest Bearing Checking Account. Similarly, if your school is no longer delivering refunds with the BankMobile Disbursements platform or if you enroll with another school that does not deliver refunds with the BankMobile Disbursements platform, your enrollment status will become unenrolled and you will be moved to the BankMobile Interest Bearing Checking Account. When you become unenrolled, you will be moved to this account and, if you have Qualifying Deposits totaling $300 or more per statement cycle, you will earn interest. If you do not have Qualifying Deposits totaling $300 or more per statement cycle, you will not earn interest. Should your enrollment status change at any time from unenrolled to enrolled, you will continue to be eligible to remain in the BankMobile Interest Bearing Checking Account.
Interest bearing checking accounts allow you to earn money on the balance you have in your checking account. Not all checking accounts allow you to earn interest, which is what sets BankMobile Checking Accounts apart from many checking accounts out there. We believe that your money should work for you, not the other way around.
By making Qualifying Deposits totaling $300 or more per statement cycle, you will qualify for interest. And as an added benefit, not only will you qualify to earn interest with Qualifying Deposits totaling $300 or more, you will also avoid the Monthly Service Fee.
Qualifying Deposits include direct deposit, transfers from external bank accounts, check deposits, point-of-sale deposits and cash deposits such as those made via Green Dot® Reload @ the RegisterTM. Financial aid refunds or other refunds issued by your school, interest earned on your account, promotional credits such as cash back rewards, internal account transfers, fee waivers, fee credits, returned items, or dispute credits are not eligible toward the $300 in total deposits.
0.50%3
0.50% to 0.38%3
0.50%
0.01%
*In order to qualify for a BankMobile Savings Account you must have a BankMobile Checking Account.
3 Annual Percentage Yield (APY) accurate as of 11/9/2022. An interest rate of 0.50% will be paid for average daily balances up to $15,000.00 with an APY of 0.50%; average daily balances greater than $15,000.00 will earn a 0.01% interest rate only for that portion of the average daily balance that is greater than $15,000.00. The APY for this tier will range from 0.50% to 0.38% depending on the balance in the account (calculation based on a $20,000.00 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.
Interest bearing savings accounts allow you to earn money on the balance you have in your savings account. With the BankMobile Savings Account, you can balance your life, not just your money.
Quick and convenient deposit options allow you to add money wherever and whenever you need to!
