Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.75%(Verified 07/16/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
N/A
DR Bank PRIME SAVINGS Review
DR Bank PRIME SAVINGS is offered by DR Bank, a bank founded in 2006 and based in Darien, CT. DR Bank PRIME SAVINGS are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Higher than average APY. DR Bank PRIME SAVINGS has an annual percentage yield of up to 0.75%, which is higher than the average interest rate for savings accounts.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
DR Bank PRIME SAVINGS Pros & Cons
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DR Bank PRIME SAVINGS FAQ
Are savings accounts from DR Bank federally insured?
Yes, your DR 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 DR Bank offer a signup bonus?
DR Bank PRIME SAVINGS doesn't offer a signup bonus.
What is the minimum initial deposit for DR Bank PRIME SAVINGS?
There is no minimum deposit to open a DR Bank PRIME SAVINGS.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does DR Bank PRIME SAVINGS offer?
DR Bank PRIME SAVINGS offers an APY of 0.75% (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 DR Bank PRIME SAVINGS charge?
What features and perks does DR Bank PRIME SAVINGS offer?
This savings account includes the following features:
- Mobile Banking Services - DR Bank PRIME SAVINGS 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 PRIME 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 DR Bank PRIME SAVINGS?
The customer support email for DR Bank PRIME SAVINGS is support@drbank.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
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