Last Updated: 11/04/2025
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Highlights
APY (Annual Percentage Yield)
3.15%(Verified 11/04/2025)
Minimum Opening Deposit
$1
Minimum Balance to Earn APY
N/A
RBMAX High-Yield Savings Account Review
RBMAX High-Yield Savings Account is offered by RBMAX, a bank founded in 1982 and based in Louisville, KY. RBMAX Savings are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 3.15%, 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. RBMAX High-Yield Savings Account does not charge fees on ATM transactions .
RBMAX Savings Pros & Cons
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RBMAX Savings FAQ
Are savings accounts from RBMAX 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 RBMAX offer a signup bonus?
RBMAX Savings doesn't offer a signup bonus.
What is the minimum initial deposit for RBMAX Savings?
The minimum deposit to open a RBMAX Savings is $1.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does RBMAX High-Yield Savings Account offer?
RBMAX Savings offers an APY of 3.15% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
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 RBMAX Savings charge?
RBMAX Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does RBMAX Savings offer?
This savings account includes the following features:
- Mobile Banking Services - RBMAX Savings 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 RBMAX 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 RBMAX Savings?
The customer support email for RBMAX Savings is easysupport@republicbank.com.
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Hours of Operation
Sunday
8:30AM - 5:00PM
Monday
7:00AM - 7:00PM
Tuesday
7:00AM - 7:00PM
Wednesday
7:00AM - 7:00PM
Thursday
7:00AM - 7:00PM
Friday
7:00AM - 7:00PM
Saturday
8:30AM - 5:00PM