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  Gate City Bank Relationship Savings Account
Gate City Bank Relationship Savings Account
in Savings Accounts from Gate City Bank · Member FDIC
Unaffiliated

Gate City Bank Relationship Savings Account

Unaffiliated
in Savings Accounts from Gate City Bank · Member FDIC
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Highlights
Monthly Fee $0
APY (Annual Percentage Yield) 0.02%
Minimum Balance to Earn APY $50

Gate City Bank Relationship Savings Account Review

Gate City Bank Relationship Savings Account is offered by Gate City Bank, a bank founded in 1923 and based in Fargo, ND. Gate City Bank Relationship Savings Account are available in 2 states across the USA.

Key Takeaways

  • Low interest rate. The maximum annual percentage yield for this account is only 0.02%.

Gate City Bank savings account Pros & Cons

Pros Cons
  • Interest-yielding account.
  • Access to a nationwide network of ATMs.
  • No signup bonus.
  • Does not come with a debit card
  • Only available in 2 states.

Gate City Bank savings account FAQ

Are savings accounts from Gate City Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #27774). 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 savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Gate City Bank savings account?

The minimum deposit to open a Gate City Bank savings account is $50.
Gate City Bank Relationship Savings Account Minimums
Description
Minimum Balance to Earn APY $50
Minimum Opening Deposit Starting at $50
Minimum Required Balance $50

What APY does Gate City Bank Relationship Savings Account offer?

Gate City Bank 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 savings account charge?

Gate City Bank 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 savings account offer?

This savings account includes the following features:

  • Fraud monitoring - Gate City 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.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Gate City 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.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Gate City Bank 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 savings account?

The customer support email for Gate City Bank savings account is socialmedia@gatecity.bank.

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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.

Availability

  Available in 2 states
  • Minnesota
  • North Dakota

Feature Breakdown

Minimum Balance to Earn APY $50
Minimum Opening Deposit Starting at $50
Minimum Required Balance $50
Monthly Fee $0
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - International (Incoming) $22
Returned Deposit Fee (Domestic) $13
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Member FDIC
APY (Annual Percentage Yield) 0.02%

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Gate City Bank Savings Accounts

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