Skip to content
SuperMoney logo
SuperMoney logo
Savings Accounts
Advertiser Disclosure

Last Updated: 04/18/2025

Ponce Bank High Yield Savings Account

in Savings Accounts from Ponce Bank

Last Updated: 04/18/2025

Ponce Bank logo
No Reviews Yet

This product has no reviews yet. Help others by sharing your thoughts.

Be the first to rate
Cast Your Vote icon

Cast Your Vote

Compare All Savings Accounts


Filter & compare all your options in one place.

Filter & compare all your options in one place.

View All Products
Highlights icon

Highlights

APY (Annual Percentage Yield)

Up to 5.24%(Verified 06/21/2024)

Minimum Opening Deposit

Starting at $100

Minimum Balance to Earn APY

$100

Speech bubbles icon

Ponce Bank High Yield Savings Account Review

Ponce Bank High Yield Savings Account is offered by Ponce Bank, a bank founded in 1960 and based in Bronx, NY. Ponce Bank Savings Account are available in 50 states and Washington, DC.

Key Takeaways

  • High yield savings. This account offers an annual percentage yield of up to 5.24%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
  • $0 monthly account fees available. This account charges a monthly fee of up to $5, but the fee may be waived if you keep a minimum balance of$100.
  • $100 minimum opening deposit. This is a typical minimum initial deposit.
  • No ATM fees. Ponce Bank High Yield Savings Account does not charge fees on ATM transactions .

Ponce Bank Savings Account Pros & Cons

Ponce Bank Savings Account FAQ

Are savings accounts from Ponce Bank federally insured?

No, your Ponce Bank savings accounts are not insured by a federal insurance agency. This means that if Ponce Bank were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.

Does Ponce Bank offer a signup bonus?

Ponce Bank Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Ponce Bank Savings Account?

The minimum deposit to open a Ponce Bank Savings Account is $100.

What APY does Ponce Bank High Yield Savings Account offer?

Ponce Bank Savings Account offers an APY up to 5.24% (APY stands for annual percentage yield, rates may change). This is higher than the national average rate for savings accounts.

What fees does Ponce Bank Savings Account charge?

Ponce Bank Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
However, you can waive the monthly fees if you have a minimum daily balance of $100.

    What features and perks does Ponce Bank Savings Account 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 - Ponce Bank Savings Account allows you to manage your money online or with a mobile app.

    Can you set up a direct deposit to Ponce 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 Ponce Bank Savings Account?

    The customer support email for Ponce Bank Savings Account is contact.center@poncebank.net.

    SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    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

    2244 Westchester Avenue Bronx
    Bronx, NY 10462
    Visit Site

    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 - 6:00PM
    Saturday
    9:00AM - 1:00PM

    Other Services by Ponce Bank