Exchange Bank of California MyCash Savings

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.05%.
• 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.

Exchange Bank of California MyCash Savings Pros & Cons

Exchange Bank of California MyCash Savings FAQ

Are savings accounts from Exchange Bank of California federally insured?

Does Exchange Bank of California offer a signup bonus?

What is the minimum initial deposit for Exchange Bank of California MyCash Savings?

There is no minimum deposit to open a Exchange Bank of California MyCash Savings.

What APY does Exchange Bank of California MyCash Savings offer?

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 Exchange Bank of California MyCash Savings charge?

• Outgoing domestic bank transfers come with a $30 fee.
• Incoming domestic bank transfers come with a $15 fee.
• Outgoing international bank transfers come with a $55 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Incoming international bank transfers come with a $15 fee.
• Exchange Bank of California MyCash Savings charges $5 every time you request a paper statement.

What features and perks does Exchange Bank of California MyCash Savings offer?

• Fraud monitoring - Exchange Bank of California MyCash Savings 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.
• Mobile Banking Services - Exchange Bank of California MyCash Savings 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 Exchange Bank of California MyCash Savings?

What is the customer support email for Exchange Bank of California MyCash Savings?