Last Updated: 01/14/2026
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Highlights
APY (Annual Percentage Yield)
3.96%(Verified 12/02/2025)
Minimum Opening Deposit
Starting at $1
Minimum Balance to Earn APY
N/A
Mission Valley Bank High-Yield Savings Review
Mission Valley Bank High-Yield Savings is offered by Mission Valley Bank, a bank founded in 2001 and based in Los Angeles, CA. Mission Valley Bank High-Yield Savings are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Earn up to $1,500 in cash bonuses. Start your savings journey this January with promo code HEADSTART — available for new customers only.
- High yield savings. This account offers an annual percentage yield of up to 3.96%, which is much higher than the average interest rate for a savings account.
- Small minimum initial deposit. You only need $1 to open an account.
Mission Valley Bank High-Yield Savings Pros & Cons
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Mission Valley Bank High-Yield Savings FAQ
Are savings accounts from Mission Valley Bank federally insured?
Yes, your Mission Valley Bank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
Does Mission Valley Bank offer a signup bonus?
Yes, Mission Valley Bank High-Yield Savings offers a signup bonus.
Earn up to $1,500 in cash bonuses. Start your savings journey this January with promo code HEADSTART — available for new customers only.
What is the minimum initial deposit for Mission Valley Bank High-Yield Savings?
The minimum deposit to open a Mission Valley Bank High-Yield Savings is $1.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Mission Valley Bank High-Yield Savings offer?
Mission Valley Bank High-Yield Savings offers an APY of 3.96% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Mission Valley Bank High-Yield Savings charge?
Can you set up a direct deposit to Mission Valley Bank High-Yield Savings?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Mission Valley Bank High-Yield Savings?
The customer support email for Mission Valley Bank High-Yield Savings is info@missionvalleybank.com.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
SundayClosedMonday9:00AM - 4:00PMTuesday9:00AM - 4:00PMWednesday9:00AM - 4:00PMThursday9:00AM - 4:00PMFriday9:00AM - 4:00PMSaturdayClosed
Other Services by Mission Valley Bank
CD Accounts
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