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Last Updated: 04/18/2025

Fruitful High Yield Savings Account

in Savings Accounts from Fruitful, Inc.

Last Updated: 04/18/2025

Fruitful, Inc. logo
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APY (Annual Percentage Yield)

5%(Verified 08/15/2024)

Minimum Opening Deposit

$0

Minimum Balance to Earn APY

N/A

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Fruitful High Yield Savings Account Review

Fruitful High Yield Savings Account is offered through Fruitful, Inc., a nonbank financial services provider founded in 2021 and based in New York, NY. It is made possible by a bank partnership with Emigrant Bank, Member FDIC. Fruitful are available in 50 states and Washington, DC.

Key Takeaways

  • Expert advice and support and support from your dedicated Guide, a CFP® Professional.
  • 1-to-1 video sessions focused on hitting your goals with progress check-ins, quick syncs and anytime messaging
  • High yield savings. This account offers an annual percentage yield of up to 5%, which is much higher than the average interest rate for a savings account.
  • No minimum initial deposit. There is no minimum balance required to open an account online.
  • Tailored investment portfolios with expert support at every step and no management fees.

Fruitful Pros & Cons

Fruitful FAQ

Are Fruitful High Yield Savings Account deposits federally insured?

Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC) through Emigrant Bank, Member 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 Fruitful, Inc. offer a signup bonus?

Fruitful doesn't offer a signup bonus.

What is the minimum initial deposit for Fruitful?

There is no minimum deposit to open a Fruitful.

What APY does Fruitful High Yield Savings Account offer?

Fruitful offers an APY of 5% (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 Fruitful charge?

This account charges a monthly service fee of $83.

    What features and perks does Fruitful offer?

    This savings account includes the following features:

      Can you set up a direct deposit to Fruitful?

      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 Fruitful?

      The customer support email for Fruitful is support@fruitful.com.

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      Contact

      Headquarters

      335 Madison Ave
      New York, NY 10017
      Visit Site
      Email Support

      Hours of Operation

      Sunday

      All Day

      Monday

      All Day

      Tuesday

      All Day

      Wednesday

      All Day

      Thursday

      All Day

      Friday

      All Day

      Saturday

      All Day

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