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The BankMobile Savings Account

Save your money today. Secure your future for tomorrow.

Whatever you are saving for, we've got you covered with:

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

  • 0.50% Annual Percentage Yield (APY)* on balances up to $15,000.00—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 Mobile Check Deposit.
  • Fee-free access to over 55,000 Allpoint® Network ATMs**.

Learn more about how we calculate interest

* In order to qualify for a BankMobile Savings Account you must have a BankMobile Checking Account. 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 Fee Schedule and Interest Rate Information and Terms and Conditions.

** $3.00 at a non-Allpoint® Network ATM  (plus any fees the ATM owner may charge). Use Allpoint® Network ATMs to avoid ATM fees. ATM availability varies by location.

See how we stack up.

See how the BankMobile Savings Account compares to other institutions using our interactive comparison tool.

BankMobile Savings Account
Way2Save® Savings
Monthly Service Fee
Account Name
Options to Waive Monthly Service Fee
• Maintain a $300 minimum daily balance

• 1 or more Save As You Go® transfers from a linked Wells Fargo checking account

• 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account

• 1 automatic transfer each day within the fee period of $1 or more each from a linked Wells Fargo checking account

• Primary account owner is 24 years old or under3
$0
Interest Rate
0.01%
0.50%2
N/A
0.01%
Annual Percentage Yield
(APY)
Minimum Opening Deposit
Early Payroll Direct Deposit1
$25
0.50%2
$5
$0
BankMobile Savings Account
Chase Savings
Monthly Service Fee
Account Name
Options to Waive Monthly Service Fee
• A balance at the beginning of each day of $300 or more in this account OR

• $25 or more in total Autosave or other repeating automatic transfers from your personal Chase checking account (available only through chase.com or Chase Mobile® app5) 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 Premier Plus Checking℠, Chase Sapphire℠ Checking, or Chase Private Client Checking℠ account
$0
Interest Rate
0.01%
0.50%2
N/A
0.01%
Annual Percentage Yield
(APY)
Minimum Opening Deposit
Early Payroll Direct Deposit1
$0
0.50%2
$54
$0
BankMobile Savings Account
Advantage Savings
Monthly Service Fee
Account Name
Options to Waive Monthly Service Fee
• Maintain a minimum daily balance of $500 or more, OR

• Link your Bank of America Advantage Savings account to your Bank of America Advantage Relationship Banking®, Bank of America Advantage® with Tiered Interest Checking or Bank of America Advantage® Regular Checking Accounts (waiver applies to first 4 savings accounts) OR​

• Are enrolled in the Preferred Rewards program and qualify for the Gold, Platinum or Platinum Honors tier (first 4 savings accounts), or Diamond or Diamond Honors tier (unlimited)

• For new Bank of America Advantage Savings accounts, Bank of America will waive this fee for the first 6 months6

• An account owner is under age 25. (Note: Fiduciary accounts, including UTMA/UGMA, do not qualify for the under the age of 25 requirement to waive the monthly maintenance fee)
$0
Interest Rate
0.01%-0.04%7
0.50%2
N/A
0.01%-0.04%7
Annual Percentage Yield
(APY)
Minimum Opening Deposit
Early Payroll Direct Deposit1
$100
0.50%2
$8
$0

Learn more about how we calculate fees & interest rate

1 Funds from payroll-related direct deposits may be made available up to two days early. Early access to payroll deposits applies to the direct deposit of funds from your employer. Employer direct deposits vary and, as a result, it is not possible to guarantee early access to your pay. Factors that will affect this include the sender’s deposit description used and the timing of their submission of deposit. In order to provide this service, we generally post such deposits on the business day we receive notice that the deposit is scheduled, which may be up to two (2) business days earlier than the payer’s scheduled payment date. In general, benefit checks (direct deposit or otherwise) from the federal or state government will not be eligible for early access based on the parameters we use. As an example, benefits that generally would not receive early access include but are not limited to unemployment, retirement, pension, civil service, railroad retirement and veteran’s payments.

2 In order to qualify for a BankMobile Savings Account you must have a BankMobile Checking Account. 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 Fee Schedule and Interest Rate Information and Terms and Conditions .

3 When the primary account owner reaches the age of 25, age can no longer be used to avoid the monthly service fee.

4 New and converted Chase Savings accounts will not be charged a Monthly Service Fee for at least the first two statement periods. After that the Monthly Service Fee will apply unless you meet one of the ways to avoid the Monthly Service Fee each statement period (if applicable).

5 Chase Mobile® app is available for select mobile devices. Message and data rates may apply.​

6 For Bank of America Advantage Savings accounts opened on or after August 13, 2018, Bank of America will waive the monthly maintenance fee for six months from account opening.​

7 Annual Percentage Yield (APY) is accurate as of 1/5/2024 and applies to accounts located in the selected zip code (based on customer input or address on file). Rates may change at any time without prior notice, before or after the account is opened. Fees could reduce earnings on the account. APYs listed may include multiple balance tiers shown as a single tier if an interest rate is the same across multiple tiers. The balance tiers applicable to this account may change at any time without notice, before or after the account is opened. Please see the rate sheet for more information.​

Data collected by BMTX is current as of 7/6/2023

​© 2024 BMTX, Inc., a wholly owned subsidiary of BM Technologies, Inc. All Rights Reserved. BankMobile banking products and banking services are provided by First Carolina Bank, Member FDIC & Equal Housing Lender.

  • Early Payroll Direct Deposit
    Deposit your paycheck to your checking or savings account and you may receive your deposit up to two business days early.4 To enroll in direct deposit, complete and submit the enrollment form to your employer. Download Enrollment Form

    4 Early access to funds cannot be guaranteed. Limitations apply. See details.
  • Reload @ the RegisterTM & Rapid ReloadTM
    Add cash directly to your checking account at the register.5 Learn More

    5 Up to $500 at most locations. A retail service fee of $4.95 or less is charged per deposit by the corresponding retailer. Reload and balance limits apply. Keep your receipt.

    © 2023 Green Dot Corporation. Green Dot is a trademark of Green Dot Corporation.

  • Transfer Money
    Move money from external accounts. Log in to your account to transfer money. Log In
  • Refunds
    Have money from your college/university (financial aid awards, grants or other funds that you're owed), deposited to your account, log in to your account to update your refund preference. Log In
  • Mobile Check Deposit
    Deposit checks in a flash! Use this BankMobile App feature to deposit checks from anywhere. Get the App
  • Other Ways to Deposit
    Western Union
    Incoming Wire
    Request Money

Ready to make the switch from your "other" bank?

Begin profiting from your full-service checking account with BankMobile, complete with great features and benefits ranging from unique tools designed to help you get ahead to competitive interest rates..

Check out our make-the-switch checklist

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 BankMobile Savings Account, make your first deposit.