|APY Minimum Balance||N/A|
Simple Account Review
Simple Account is offered by Simple, a bank founded in 2010 and based in Portland, OR. The offering is made possible by a bank partnership with BBVA USA. Simple Account is offered in 50 states (and Washington, DC).
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.
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:
|Bank Account 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.
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.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia