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  Exchange Bank of California Signature Plus Savings

Exchange Bank of California Signature Plus Savings

in Savings Accounts from Exchange Bank of California · fdic

Unaffiliated

Exchange Bank of California Signature Plus Savings

Unaffiliated

in Savings Accounts from Exchange Bank of California · Member FDIC

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Highlights
Monthly Fee $25
APY (Annual Percentage Yield) 0.06% - 0.12%
APY Minimum Balance $0.01

Exchange Bank of California Signature Plus Savings Review

Exchange Bank of California Signature Plus Savings is offered by Exchange Bank of California, a bank founded in 1890 and based in Santa Rosa, CA. Exchange Bank of California Signature Plus Savings is available in 1 state across the USA.

Key Takeaways
  • Higher than average APY. Exchange Bank of California Signature Plus Savings has an annual percentage yield of up to 0.12%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $0.01.
  • Charges a monthly fee. This account charges a monthly service fee of $25.
  • $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
Exchange Bank savings account Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge.
Exchange Bank savings account FAQ

Are savings accounts from Exchange Bank of California federally insured?

Yes, your Exchange Bank of California savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #8468). 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 Exchange Bank of California offer a signup bonus?

Exchange Bank savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Exchange Bank savings account?

The minimum deposit to open a Exchange Bank savings account is $500.
Exchange Bank of California Signature Plus Savings Minimums
Description
APY Minimum Balance $0.01
Minimum Combined Balance to Avoid Monthly Fee $50,000
Minimum Opening Deposit Starting at $500

What APY does Exchange Bank of California offer?

Exchange Bank savings account offers an APY starting at 0.06% and ranging up to 0.12% (APY stands for annual percentage yield, rates may change).

What fees does Exchange Bank savings account charge?

This account charges a monthly service fee of $25. You can also waive the fee by keeping a combined balance of $50,000.

  • 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 savings account charges $5 every time you request a paper statement.

What features and perks does Exchange Bank savings account offer?

This savings account includes the following features:

  • Fraud monitoring - Exchange Bank 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.
  • Mobile Banking Services - Exchange Bank 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 Exchange Bank 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 Exchange Bank savings account?

The customer support email for Exchange Bank savings account is info@exchangebank.com.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by Exchange Bank of California

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Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

APY Minimum Balance $0.01
Minimum Combined Balance to Avoid Monthly Fee $50,000
Minimum Opening Deposit Starting at $500
International ATM Surcharge $1.50
Monthly Fee $25
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $55
Account Features
  • Member FDIC
  • Branch Access
  • Fraud Protection
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.06% - 0.12%

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