Last Updated: 11/04/2025
DR Bank High-Yield Savings Account
Unaffiliated
in Savings Accounts from DR Bank
Last Updated: 11/04/2025
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Highlights
APY (Annual Percentage Yield)
3.95%(Verified 11/04/2025)
Minimum Opening Deposit
Starting at $1
Minimum Balance to Earn APY
$1
DR Bank High-Yield Savings Account Review
DR Bank High-Yield Savings Account is offered by DR Bank, a bank founded in 2006 and based in Darien, CT. DR Bank High-Yield Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 3.95%, 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.
- No ATM fees. DR Bank High-Yield Savings Account does not charge fees on ATM transactions .
DR Bank High-Yield Savings Account Pros & Cons
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DR Bank High-Yield Savings Account FAQ
Are savings accounts from DR Bank 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 DR Bank offer a signup bonus?
DR Bank High-Yield Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for DR Bank High-Yield Savings Account?
The minimum deposit to open a DR Bank High-Yield Savings Account is $1.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does DR Bank High-Yield Savings Account offer?
DR Bank High-Yield Savings Account offers an APY of 3.95% (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 DR Bank High-Yield Savings Account charge?
DR Bank 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 DR Bank High-Yield Savings Account offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - DR Bank High-Yield Savings Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to DR Bank 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 DR Bank High-Yield Savings Account?
The customer support email for DR Bank High-Yield Savings Account is support@drbank.com.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 4:00PM
Tuesday
8:30AM - 4:00PM
Wednesday
8:30AM - 4:00PM
Thursday
8:30AM - 4:00PM
Friday
8:30AM - 4:00PM
Saturday
9:00AM - 12:00PM