Ponce Bank Premium Interest Checking
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| Cashback Rewards | N/A |
| APY (Annual Percentage Yield) |
0.05% - 0.10% (Verified 07/25/2022) |
| Monthly Fee | $7 |
| Minimum Balance to Avoid Monthly Fee | N/A |
Ponce Bank Premium Interest Checking Review
Ponce Bank Premium Interest Checking is offered by Ponce Bank, a bank founded in 1960 and based in Bronx, NY. Ponce Bank Premium Interest Checking is available in 50 states (and Washington, DC).
Key Takeaways
- Higher than average APY. Ponce Bank Premium Interest Checking has an annual percentage yield of up to 0.10%, which is higher than the national average interest rate on savings accounts.
- Charges a monthly fee. This account charges a monthly service fee of $7.
- Large minimum initial deposit. You need a minimum deposit of $1,500 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
- No ATM fees. Ponce Bank Premium Interest Checking does not charge fees on ATM transactions.
Ponce Bank Premium Interest Checking Pros & Cons
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Ponce Bank Premium Interest Checking FAQ
Are checking accounts from Ponce Bank federally insured?
No, your Ponce Bank checking accounts are not insured by a federal insurance agency. This means that if Ponce Bank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.
What APY does Ponce Bank Premium Interest Checking offer?
Ponce Bank Premium Interest Checking offers an APY starting at 0.05% and ranging up to 0.10% (APY stands for annual percentage yield, rates may change).
| Rates | Amount |
|---|---|
| APY (Annual Percentage Yield) | 0.05% - 0.10% |
What are the account minimums for Ponce Bank Premium Interest Checking?
Ponce Bank Premium Interest Checking requires a minimum initial deposit of $1,500 to open an account.
| Description | |
|---|---|
| Minimum Opening Deposit | Starting at $1,500 |
What fees does Ponce Bank Premium Interest Checking charge?
This account charges a monthly service fee of $7.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| Monthly Fee | $7 |
What features and perks does Ponce Bank Premium Interest Checking offer?
This account includes the following features:
- Fraud monitoring - Ponce Bank Premium Interest Checking monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
What is the customer support email for Ponce Bank Premium Interest Checking?
The customer support email for Ponce Bank Premium Interest Checking is contact.center@poncebank.net.
Contact
- Headquarters
-
2244 Westchester Avenue Bronx
Bronx, NY 10462 - (718) 931-9000
- Visit Site
- Email Support
About Ponce Bank Premium Interest Checking
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Feature Breakdown
| Minimum Opening Deposit | Starting at $1,500 |
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