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  Simple Account

Simple Account

in Savings Accounts from Simple · Member FDIC

Unaffiliated

Simple Account

Unaffiliated

in Savings Accounts from Simple · Member FDIC

Net Recommendation Score -100%

SUPERMONEY NET RECOMMENDATION SCORE

-100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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1 user doesn't recommend
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Monthly Fee $0
APY (Annual Percentage Yield) 0.01%
APY Minimum Balance N/A

Simple Account Review

Simple Account is offered by Simple, a bank founded in 2010 and based in Portland, OR. It is made possible by a bank partnership with BBVA USA. Simple Account is available in 50 states (and Washington, DC).

Simple Account FAQ

Are savings accounts from Simple federally insured?

Yes, your Simple 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 Simple offer a signup bonus?

Simple Account doesn't offer a signup bonus.

What is the minimum balance for Simple Account?

The minimum balance to open a Simple Account is $0.
Simple Account Account Minimums
Description
APY Minimum Balance N/A
Minimum Initial Deposit $0
Minimum Combined Balance to Avoid Monthly Fee N/A
Minimum Required Balance N/A
Minimum Direct Deposit to Avoid Monthly Fee N/A
Minimum Balance to Avoid Monthly Fee N/A

What APY does Simple offer?

Simple Account offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).

What features and perks does Simple Account offer?

This account includes the following features:

  • Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
  • Fraud monitoring - Simple 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 Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.
  • Nationwide ATM network - Withdraw money and check your balance from wherever you are.
  • Simple Account Features
    Description
    Bank Account Features
    • No ATM Fees
    • Automatic Savings
    • Debit Card
    • Free Bill Pay
    • Fraud Protection
    • Debit Card Lock/Unlock
    • Fraud Monitoring
    • Mobile Banking
    • Nationwide ATM Network
    • Interest Bearing Account
    • No Monthly Maintenance Fee
    • Mobile Check Deposit

What fees does Simple Account charge?

Simple Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

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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.

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Other Services by Simple

Availability

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

Feature Breakdown

Early Account Closure $0
Monthly Fee $0
Returned Deposit Fee (Domestic) $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Bank Account Features
  • No ATM Fees
  • Automatic Savings
  • Debit Card
  • Free Bill Pay
  • Fraud Protection
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • Interest Bearing Account
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.01%

Simple Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

-100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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