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  Sunrise Banks Advantage Savings Account

Sunrise Banks Advantage Savings Account

in Savings Accounts from Sunrise Banks · fdic

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Sunrise Banks Advantage Savings Account

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in Savings Accounts from Sunrise Banks · Member FDIC

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Highlights
Monthly Fee $0 - $10
APY (Annual Percentage Yield) Starting at 0.01%
APY Minimum Balance N/A

Sunrise Banks Advantage Savings Account Review

Sunrise Banks Advantage Savings Account is offered by Sunrise Banks, a bank founded in 1962 and based in Saint Paul, MN. Sunrise Banks Advantage Savings Account is available in 1 state across the USA.

Key Takeaways
  • $0 monthly Service Charge available. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $1,000.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • No ATM fees. Sunrise Banks Advantage Savings Account does not charge fees on ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through Sunrise Banks.
Sunrise Banks Advantage savings account Pros & Cons
Pros Cons
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not earn interest.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge.
Sunrise Banks Advantage savings account FAQ

Are savings accounts from Sunrise Banks federally insured?

Yes, your Sunrise Banks 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 Sunrise Banks offer a signup bonus?

Sunrise Banks Advantage savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Sunrise Banks Advantage savings account?

The minimum deposit to open a Sunrise Banks Advantage savings account is $100.
Sunrise Banks Advantage Savings Account Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $1,000
Minimum Opening Deposit Starting at $100

What APY does Sunrise Banks offer?

Sunrise Banks Advantage savings account offers an APY starting at 0.01% (APY stands for annual percentage yield, rates may change).

What fees does Sunrise Banks Advantage savings account charge?

Sunrise Banks Advantage savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $1,000.

  • Outgoing domestic bank transfers come with a $20 fee.
  • Outgoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Sunrise Banks Advantage savings account charges a $15 fee for an early account closure. Contact Sunrise Banks Advantage savings account for more details on what is considered an early closure.
  • Sunrise Banks Advantage savings account charges $1.50 every time you request a paper statement.

What features and perks does Sunrise Banks Advantage savings account offer?

This savings account includes the following features:

  • Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
  • Fraud monitoring - Sunrise Banks Advantage 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.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Sunrise Banks Advantage savings account 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.

Can you set up a direct deposit to Sunrise Banks Advantage savings account?

In most cases, the answer is yes. 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 Sunrise Banks Advantage savings account?

The customer support email for Sunrise Banks Advantage savings account is Info@SunriseBanks.com.

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Availability

  Available in 1 state
Minnesota
Availabile in all of Minnesota

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $1,000
Minimum Opening Deposit Starting at $100
Early Account Closure $15
Monthly Fee $0 - $10
Paper Statement Fee $1.50
Returned Deposit Fee (Domestic) $35
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Outgoing) $45
Bauer Financial A+/A Rating
Account Features
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Branch Access
  • Check Images with Statement
  • Fraud Monitoring
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • No ATM Fees
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) Starting at 0.01%

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