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  Qapital Goals Account
Qapital Goals Account
in Savings Accounts from Qapital · Member FDIC
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Qapital Goals Account

Claimed
in Savings Accounts from Qapital · Member FDIC
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Highlights
Monthly Fee $3 - $12
APY (Annual Percentage Yield) 0.1%
Minimum Balance to Earn APY $0

Qapital Goals Account Review

Qapital Goals Account is offered by Qapital, a financial services company founded in 2012 and based in New York, NY. Qapital Goals Account is available in 50 states (and Washington, DC).

Key Takeaways

  • Low interest rate. The maximum annual percentage yield for this account is only 0.1%.
  • $0 monthly account fees available. This account charges a monthly service fee of up to $12.
  • No minimum initial deposit. There is no minimum balance required to open an account online.
  • No ATM fees. Qapital Goals Account does not charge fees on ATM transactions.

Qapital savings account Pros & Cons

Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Monthly service charge.

Qapital savings account FAQ

Are savings accounts from Qapital federally insured?

Yes, your Qapital savings accounts are insured up to $250,000 per person 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 Qapital offer a signup bonus?

Qapital savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Qapital savings account?

There is no minimum deposit to open a Qapital savings account.
Qapital Goals Account Minimums
Description
Minimum Balance to Earn APY $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Opening Deposit Starting at $0

What APY does Qapital Goals Account offer?

Qapital savings account offers an APY of 0.1% (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 Qapital savings account charge?

This account charges a monthly service fee of $3.

What features and perks does Qapital savings account offer?

This savings account includes the following features:

  • Fraud monitoring - Qapital 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.
  • Mobile Banking Services - Qapital savings account allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to Qapital 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 Qapital savings account?

The customer support email for Qapital savings account is support@qapital.com.

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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.

Message From Qapital savings account

Discover true money happiness. The money app that makes it easy to fund your future – while taking care of your now. Saving ‘just because’ is fine, but saving for something special is fun. Qapital helps you get there faster with Goals and Rules – two clever ways to supercharge your saving with little effort. Plus you can even team up with others to reach joint goals.

Contact

Other Services by Qapital

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Balance to Earn APY $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Opening Deposit Starting at $0
Monthly Fee $3 - $12
International ATM Surcharge $0
Paper Statement Fee $0
Bank Teller Fee $0
Returned Deposit Fee (Domestic) $0
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
Account Features
  • No ATM Fees
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Debit Card
  • Automatic Transfers
APY (Annual Percentage Yield) 0.1%

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