Last Updated: 04/18/2025
SuperMoney User Recommendation Score +88
Strongly recommended8 total votes
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Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
4.26%(Verified 11/15/2024)
Minimum Opening Deposit
Starting at $1
Minimum Balance to Earn APY
$0
Number of Reviews
CloudBank 24/7 High Yield Savings Account Review
CloudBank 24/7 High Yield Savings Account is offered by Third Coast Bank SSB, a bank founded in 2008 and based in Humble, TX. CloudBank 24/7 High Yield Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 4.26%, which is much higher than the average interest rate for a savings account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $1 to open an account.
CloudBank 24/7 High Yield Savings Account Pros & Cons
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CloudBank 24/7 High Yield Savings Account FAQ
Are savings accounts from Third Coast Bank SSB federally insured?
Yes, your deposits are insured 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 Third Coast Bank SSB offer a signup bonus?
CloudBank 24/7 High Yield Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for CloudBank 24/7 High Yield Savings Account?
The minimum deposit to open a CloudBank 24/7 High Yield Savings Account is $1.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does CloudBank 24/7 High Yield Savings Account offer?
CloudBank 24/7 High Yield Savings Account offers an APY of 4.26% (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 CloudBank 24/7 High Yield Savings Account charge?
CloudBank 24/7 High Yield Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does CloudBank 24/7 High Yield Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - CloudBank 24/7 High Yield Savings Account allows you to manage your money online or with a mobile app.
Can you set up a direct deposit to CloudBank 24/7 High Yield 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 CloudBank 24/7 High Yield Savings Account?
The customer support email for CloudBank 24/7 High Yield Savings Account is customerservice@tcbssb.com.
How do people rate the customer service and user experience of CloudBank 24/7 High Yield Savings Account?
Overall, CloudBank 24/7 High Yield Savings Account is strongly recommended based on community reviews that rate customer service and user experience.
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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.
Contact
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Hours of Operation
SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturdayClosed
Other Services by Third Coast Bank SSB
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +88, or 4.8 on a 5-point rating scale.
+88
-1000+100
No one recommends
Everyone recommends
CloudBank 24/7 High Yield Savings Account Community Reviews
Would you recommend CloudBank 24/7 High Yield Savings Account to your friends?
SJ
Shamim J.
Feb 22, 2024
May or may not recommend
CloudBank 24/7 High has transformed my banking experience with its top-notch service and innovative features. The convenience of 24/7 access to my accounts is unmatched, allowing me to manage my finances seamlessly anytime, anywhere. The high interest rates offered on savings accounts provide excellent returns on my deposits, helping me grow my money faster. Additionally, their user-friendly mobile app makes banking on the go effortless and efficient. The customer support ...Show More
Yetunde A.
Dec 5, 2023
May or may not recommend
CloudBank 24/7 is an online bank that offers a high-yield savings account with a market-leading 5.26% APY. This is one of the highest rates available, making it a great option for savers who want to maximize their interest earnings.
In addition to its high APY, CloudBank 24/7 has no minimum balance requirements and no monthly fees. This makes it a very user-friendly account that is easy to open and maintain.
However, the ...Show More
Akinlaja C.
Nov 11, 2023
May or may not recommend
CloudBank 24/7 High Yield Savings Account is good for people who are looking for a savings account that offers a competitive interest rate without requiring a high minimum balance. However, it is important to note that this account is only available to residents of certain states and that there is a seven-day notice requirement for withdrawals and transfers.
If you are looking for a savings account that offers a high ...Show More
MS
Mohamed S.
Nov 11, 2023
May or may not recommend
I've been a customer of CLOUDBANK 24/7 for several years now, and their savings account continues to impress. The interest rates are competitive, and I appreciate the user-friendly online interface. Quick and efficient customer service adds to the overall positive experience. Highly recommended for those seeking a reliable and rewarding savings option.
JM
Joyce M.
Nov 3, 2023
May or may not recommend
I've had a great time with CloudBank 24/7 High Yield Savings Account. Their awesome interest rates and easy online access totally work for me. Sure, no physical branches, but it's perfect for digital folks like me.
DC
Dylan C.
Oct 30, 2023
May or may not recommend
With a 0 dollar monthly fee, CloudBank 24/7 is the best option for me! The high yield savings allow me to put trust and confidence in my money and its sources. It also allows me to be creative with my money, and watch it grow, grow, and grow! With this savings account, I am more wealthy than ever before! I highly recommend CloudBank's savings.
U
Anonymous
Oct 25, 2023
May or may not recommend
Great saving account to open! This account has an annual percentage yield of 5.26%, which is much higher than average. The account also doesn't charge monthly account fees. And you only need 1 to open an account. It's simple and great!
NS
Natalie S.
Oct 24, 2023
May or may not recommend
CloudBank's 24/7 High Yield Savings Account has been a financial game-changer for me. The competitive interest rates have allowed my savings to grow steadily, all while having easy access to my funds. The online platform is intuitive and user-friendly, providing 24/7 access to my account from anywhere. Transfers are seamless, and the convenience is unparalleled. CloudBank's customer service is also impressive - responsive and knowledgeable whenever I have a question. ...Show More
Showing 8 of 8 reviews
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