State Exchange Bank High-Yield Savings Account

Key Takeaways

• High yield savings. This account offers an annual percentage yield of up to 2.51%, which is much higher than the average interest rate for a savings account.
• Small minimum initial deposit. You only need $1 to open an account.

State Exchange Bank Savings Account Pros & Cons

State Exchange Bank Savings Account FAQ

Are savings accounts from State Exchange Bank federally insured?

Does State Exchange Bank offer a signup bonus?

What is the minimum initial deposit for State Exchange Bank Savings Account?

The minimum deposit to open a State Exchange Bank Savings Account is $1.

What APY does State Exchange Bank High-Yield Savings Account offer?

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 State Exchange Bank Savings Account charge?

What features and perks does State Exchange Bank Savings Account offer?

• Mobile Banking Services - State Exchange Bank Savings Account allows you to manage your money online or with a mobile app.

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

What is the customer support email for State Exchange Bank Savings Account?