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Savings Accounts
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Last Updated: 04/18/2025

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Upgrade Everyday Savings (formerly Upgrade High Yield Savings)

in Savings Accounts from Upgrade Inc

Last Updated: 04/18/2025

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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

$0
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Minimum Balance to Earn APY

$0
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Number of Reviews

8

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Upgrade Everyday Savings (formerly Upgrade High Yield Savings) Review

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

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.

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
      Visit Site

      Hours of Operation

      Sunday
      6:00AM - 5:00PM
      Monday
      5:00AM - 7:00PM
      Tuesday
      5:00AM - 7:00PM
      Wednesday
      5:00AM - 7:00PM
      Thursday
      5:00AM - 7:00PM
      Friday
      5:00AM - 7:00PM
      Saturday
      6:00AM - 5:00PM

      Other Services by Upgrade Inc