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Last Updated: 04/18/2025

Nelnet Bank High Yield Savings Account

in Savings Accounts from Nelnet Bank

Last Updated: 04/18/2025

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Highlights

APY (Annual Percentage Yield)

Up to 4.76%(Verified 09/20/2024)

Minimum Opening Deposit

Starting at $1

Minimum Balance to Earn APY

$1
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Nelnet Bank High Yield Savings Account Review

Nelnet Bank High Yield Savings Account is offered by Nelnet Bank, a bank founded in 2020 and based in Draper, UT. Nelnet Bank Savings are available in 50 states and Washington, DC.

Key Takeaways

  • High yield savings. This account offers an annual percentage yield of up to 4.76%, which is much higher than the average interest rate for a savings account.
  • No monthly maintenance fees. This account does not charge any monthly account fees.
  • Small minimum initial deposit. You only need $1 to open an account.
  • No ATM fees. Nelnet Bank High Yield Savings Account does not charge fees on ATM transactions .

Nelnet Bank Savings Pros & Cons

Nelnet Bank Savings FAQ

Are savings accounts from Nelnet 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 Nelnet Bank offer a signup bonus?

Nelnet Bank Savings doesn't offer a signup bonus.

What is the minimum initial deposit for Nelnet Bank Savings?

The minimum deposit to open a Nelnet Bank Savings is $1.

What APY does Nelnet Bank High Yield Savings Account offer?

Nelnet Bank Savings offers an APY up to 4.76% (APY stands for annual percentage yield, rates may change). This is higher than the national average rate for savings accounts.

What fees does Nelnet Bank Savings charge?

Nelnet Bank Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.

    What features and perks does Nelnet Bank Savings offer?

    This savings account includes the following features:
    • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
    • Mobile Banking Services - Nelnet Bank Savings allows you to manage your money online or with a mobile app.
    • Nationwide ATM network - Conveniently transact at a nearby ATM.

    Can you set up a direct deposit to Nelnet Bank Savings?

    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 Nelnet Bank Savings?

    The customer support email for Nelnet Bank Savings is BankSocial@nelnet.net.

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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.

    Contact

    Headquarters

    13907 Minuteman Dr
    Draper, UT 84020
    (800) 446-4190
    Visit Site
    Email Support

    Hours of Operation

    Sunday

    Closed

    Monday

    7:00AM - 6:00PM

    Tuesday

    7:00AM - 6:00PM

    Wednesday

    7:00AM - 6:00PM

    Thursday

    7:00AM - 6:00PM

    Friday

    7:00AM - 6:00PM

    Saturday

    Closed

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