Comenity High Yield Savings Account Review

Comenity High Yield Savings Account is offered by Comenity, a bank founded in 2003 and based in Draper, UT. Comenity High Yield Savings Account is available in 50 states (and Washington, DC).

Are savings accounts from Comenity federally insured?

Yes, your Comenity savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57570). 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 Comenity offer a signup bonus?

Comenity High Yield Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Comenity High Yield Savings Account?

The minimum deposit to open a Comenity High Yield Savings Account is $100.

Comenity High Yield Savings Account Minimums

Description
APY Minimum Balance	$0.01
Minimum Opening Deposit	Starting at $100

What APY does Comenity offer?

Comenity High Yield Savings Account offers an APY of 0.55% (APY stands for annual percentage yield, rates may change).

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 Comenity High Yield Savings Account charge?

Comenity High Yield Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

• Outgoing domestic bank transfers come with a $25 fee.
• Outgoing international bank transfers come with a $25 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Comenity High Yield Savings Account charges $5 every time you request a paper statement.

What features and perks does Comenity High Yield Savings Account offer?

This savings account includes the following features:

• Fraud monitoring - Comenity High Yield Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
• Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Comenity High Yield Savings Account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to Comenity High Yield Savings Account?

In most cases, the answer is yes. 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 Comenity High Yield Savings Account?

The customer support email for Comenity High Yield Savings Account is info@rh.com.