CFG Bank Savings Account
CFG Bank Savings Account
in Savings Accounts from CFG Bank

CFG Bank Savings Account

in Savings Accounts from CFG Bank
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4 reviews
Monthly Fee $0
(Verified 10/14/2022)
APY (Annual Percentage Yield) N/A
(Verified 10/14/2022)
Minimum Balance to Earn APY N/A

CFG Bank Savings Account Review

CFG Bank Savings Account is offered by CFG Bank, founded in 1997 and based in Baltimore, MD. CFG Bank Savings Account are available in 50 states (and Washington, DC).

Key Takeaways

  • $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.

CFG Bank Savings Account Pros & Cons

Pros Cons
  • Available in all 50 states.
  • No signup bonus.
  • Does not earn interest.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.

CFG Bank Savings Account FAQ

Are savings accounts from CFG Bank federally insured?

No, your CFG Bank savings accounts are not insured by a federal insurance agency. This means that if CFG Bank were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.

Does CFG Bank offer a signup bonus?

CFG Bank Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for CFG Bank Savings Account?

The minimum deposit to open a CFG Bank Savings Account is $500.
CFG Bank Savings Account Minimums
Minimum Opening Deposit $500

What APY does CFG Bank Savings Account offer?

CFG Bank Savings Account is not an interest-bearing account.

What fees does CFG Bank Savings Account charge?

CFG Bank Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

Can you set up a direct deposit to CFG Bank Savings Account?

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 CFG Bank Savings Account?

The customer support email for CFG Bank Savings Account is

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Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by CFG Bank


  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Opening Deposit $500
Monthly Fee $0
(Verified 10/14/2022)
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Government Issued Photo ID

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