Upgrade Everyday Savings (formerly Upgrade High Yield Savings) is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs.

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Last Updated: 04/18/2025

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Upgrade Everyday Savings (formerly Upgrade High Yield Savings)

from Upgrade Inc

Last Updated: 04/18/2025

Strongly recommended8 total votes

6 users recommend

1 users are unsure

1 users don't recommend

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Highlights

Community Rating

Strongly recommended

APY (Annual Percentage Yield)

4.00%(Verified 06/21/2024)

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Minimum Opening Deposit

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Minimum Balance to Earn APY

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Number of Reviews

Upgrade Everyday Savings (formerly Upgrade High Yield Savings) Review

Upgrade Everyday Savings (formerly Upgrade High Yield Savings) is no longer available to new customers on SuperMoney.

Click here to compare and quickly find the best options for your needs.

Upgrade Everyday Savings (formerly Upgrade High Yield Savings) is offered through Upgrade Inc, a nonbank financial services provider founded in 2016 and based in San Francisco, CA. It is made possible by a bank partnership with Cross River Bank, Member FDIC. Upgrade Everyday Savings are available in 50 states and Washington, DC.

Key Takeaways

High yield savings. This account offers an annual percentage yield of up to 4.00%, which is much higher than the average interest rate for a savings account.
No minimum initial deposit. There is no minimum balance required to open an account online.

Upgrade Everyday Savings Pros & Cons

Pros

Cons

Available in 50 states and Washington, DC.
High yield APY .
Debit card

Does not provide access to a nationwide ATM network.
No signup bonus.

Upgrade Everyday Savings FAQ

Are Upgrade Everyday Savings (formerly Upgrade High Yield Savings) deposits federally insured?

Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC) through Cross River Bank, Member 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 Upgrade Inc offer a signup bonus?

Upgrade Everyday Savings doesn't offer a signup bonus.

What is the minimum initial deposit for Upgrade Everyday Savings?

There is no minimum deposit to open a Upgrade Everyday Savings.

Upgrade Everyday Savings (formerly Upgrade High Yield Savings) Minimums

Description

Minimum Average Balance to Avoid Monthly Service Fee

Minimum Balance to Earn APY

Minimum Opening Deposit

What APY does Upgrade Everyday Savings (formerly Upgrade High Yield Savings) offer?

Upgrade Everyday Savings offers an APY of 4.00% (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 Upgrade Everyday Savings charge?

Upgrade Everyday Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.

What features and perks does Upgrade Everyday Savings offer?

This savings account includes the following features:

Can you set up a direct deposit to Upgrade Everyday 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 Upgrade Everyday Savings?

The customer support email for Upgrade Everyday Savings is support@upgrade.com.

What is the customer login page for Upgrade Everyday Savings?

This is the customer login page for Upgrade Everyday Savings.

How do people rate the customer service and user experience of Upgrade Everyday Savings?

Overall, Upgrade Everyday Savings is strongly recommended based on community reviews that rate customer service and user experience.

Upgrade Everyday Savings (formerly Upgrade High Yield Savings) Disclosure:

The Annual Percentage Yield (“APY”) for the High Yield Savings account is variable and may change at any time.

High Yield Savings account is only available to current customers with a Rewards Checking account through Upgrade. Outbound account transfers from the High Yield Savings account may only be made to your Rewards Checking account through Upgrade.

Upgrade is a financial technology company, not a bank. Rewards Checking and High Yield Savings accounts are provided by Cross River Bank, Member FDIC. Upgrade VISA® Debit Cards issued by Cross River Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Personal Loans made by Upgrade’s bank partners. Personal Credit Lines are issued by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. The Upgrade Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

View Upgrade Everyday Savings (formerly Upgrade High Yield Savings)'s published terms & conditions

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

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.

Contact

Headquarters

275 Battery Street

San Francisco, CA 94104

(844) 319-3909

Visit Site

Email Support

Hours of Operation

Sunday6:00AM - 5:00PMMonday5:00AM - 7:00PMTuesday5:00AM - 7:00PMWednesday5:00AM - 7:00PMThursday5:00AM - 7:00PMFriday5:00AM - 7:00PMSaturday6:00AM - 5:00PM

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Other Savings Accounts from Upgrade Inc

Upgrade Premier Savings

Strongly recommended

9 reviews

APY (Annual Percentage Yield)

4.14%

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Minimum Opening Deposit

Minimum Balance to Earn APY

$1K

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SuperMoney Net Recommendation Score

SuperMoney users strongly recommend this product, giving it a user recommendation score of +63, or 4.3 on a 5-point rating scale.

+63

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Upgrade Everyday Savings (formerly Upgrade High Yield Savings) Community Reviews

Would you recommend Upgrade Everyday Savings (formerly Upgrade High Yield Savings) to your friends?

Matthew O.

Feb 6, 2023

May or may not recommend

I am more fascinated by the simplicity of the application process down to the short turnaround time from approval to deposit; it was like a flash. Although I got some bad reviews, I was able to filter through them by trying them out myself, and I am happy I did.

Mazhar C.

Nov 25, 2022

May or may not recommend

The more often your money compounds, the more it will earn, so this is a benefit that other platforms may not have. With no monthly fee, this could be a lucrative opportunity.

Alissa H.

Nov 13, 2022

May or may not recommend

I had opened an Upgrade account to receive a bonus from an income boosting app. Not having access to ATMs are kind of a downfall as fees can add up. I have yet to fund the account, or use it but now that I've come to Supermoney and discovered that their interest rate is so high I might have to consider building my savings with Upgrade.

Nicole R.

Oct 26, 2022

May or may not recommend

The more often your money compounds, the more it will earn, so this is a benefit that other platforms may not have. With no monthly fee, this could be a lucrative opportunity. -Nicole Russo

Chaster H.

Oct 24, 2022

May or may not recommend

Upgrade is a company looking to grow and could use those first timer opening a savings account with a bank. College students or any student of any kind. Here is a golden opportunity to go with a new company and start saving for a future.

Santosh S.

Oct 16, 2022

May or may not recommend

I don't think I want to recommend Upgrade high yield savings accounts. Upgrade don't have a ATM nationwide which is high drawback. People don't want to waste money on ATM fees. ATM fees drains your money out, writing from experience.

Michelle M.

Oct 13, 2022

May or may not recommend

Higher yield than a typical savings account, which is a nice surprise. Easy account access.

Janis H.

Oct 5, 2022

May or may not recommend

With no money needed to start using Upgrade High Yield Savings Accounts I think they open the field up for anyone to begin their savings journey. I recommend using their high quality and fair benefits.

Showing 8 of 8 reviews