Last Updated: 04/18/2025
Gate City Bank Regular Savings Account
Unaffiliated
in Savings Accounts from Gate City Bank
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.02%(Verified 06/21/2024)
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Minimum Opening Deposit
Starting at $50
Minimum Balance to Earn APY
$200
Gate City Bank Regular Savings Account Review
Gate City Bank Regular Savings Account is offered by Gate City Bank, a bank founded in 1923 and based in Fargo, ND. Gate City Bank Regular Savings Account are available in 2 states.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.02%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
Gate City Bank Regular Savings Account Pros & Cons
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Gate City Bank Regular Savings Account FAQ
Are savings accounts from Gate City 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 Gate City Bank offer a signup bonus?
Gate City Bank Regular Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Gate City Bank Regular Savings Account?
The minimum deposit to open a Gate City Bank Regular Savings Account is $50.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Gate City Bank Regular Savings Account offer?
Gate City Bank Regular Savings Account offers an APY of 0.02% (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 Gate City Bank Regular Savings Account charge?
Gate City Bank Regular Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Incoming domestic bank transfers come with a $10 fee.
- Incoming international bank transfers come with a $22 fee.
What features and perks does Gate City Bank Regular Savings Account offer?
This savings account includes the following features:
- Fraud monitoring - Gate City Bank Regular 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.
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Gate City Bank Regular 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 Gate City Bank Regular 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 Gate City Bank Regular Savings Account?
The customer support email for Gate City Bank Regular Savings Account is socialmedia@gatecity.bank.
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Hours of Operation
Sunday
Closed
Monday
7:00AM - 10:00PM
Tuesday
7:00AM - 10:00PM
Wednesday
7:00AM - 10:00PM
Thursday
7:00AM - 10:00PM
Friday
7:00AM - 10:00PM
Saturday
Invalid DateTime - 6:00PM