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Last Updated: 04/18/2025

Upgrade Premier Savings

in Savings Accounts from Upgrade Inc

Last Updated: 04/18/2025

Upgrade Inc logo
Strongly recommended9 total votes
7 users recommend
1 users are unsure
1 users don't recommend
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Highlights

Community Rating

Strongly recommended

APY (Annual Percentage Yield)

4.14%(Verified 12/20/2024)
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Minimum Opening Deposit

$0
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Minimum Balance to Earn APY

$1,000
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Number of Reviews

9

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Upgrade Premier Savings Review

Upgrade Premier 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 Premier Savings are available in 50 states and Washington, DC.

Key Takeaways

  • Up to $1 million in FDIC or NCUA insurance through Cross River Bank or Participating Institutions
  • Supports joint accounts. This allows two people to have equal authority over the management of an account.
  • High yield savings. This account offers an annual percentage yield of up to 4.14%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
  • No minimum initial deposit. There is no minimum balance required to open an account online.

Upgrade Premier Savings Pros & Cons

Upgrade Premier Savings FAQ

Are Upgrade Premier 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 Premier Savings doesn't offer a signup bonus.

What is the minimum initial deposit for Upgrade Premier Savings?

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

What APY does Upgrade Premier Savings offer?

Upgrade Premier Savings offers an APY of 4.14% (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 Premier Savings charge?

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

    What features and perks does Upgrade Premier Savings offer?

    This savings account includes the following features:
    • Mobile Banking Services - Upgrade Premier Savings 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.
    • Nationwide ATM network - Conveniently transact at a nearby ATM.

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

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

    What is the customer login page for Upgrade Premier Savings?

    This is the customer login page for Upgrade Premier Savings.

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

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

    Upgrade Premier Savings Disclosure:

    The Annual Percentage Yield (“APY”) for the Premier Savings account is variable and may change at any time. There is no minimum balance to open your account, but you will only earn the APY on days when the closing balance of your Premiere Savings account is or exceeds $1000. On days where the account closing balance drops below $1000, the APY will be 0%. There are no account fees or overdraft fees associated with Premier Savings accounts. Upgrade is a financial technology company, not a bank. Premier 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 Cross River Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Upgrade, Inc.

    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.

    Upgrade Inc logo

    Message from Upgrade Premier Savings

    Reach your goals faster with Premier Savings - A savings account to fit your ambitions and your life

    Exceptional APY - Earn an exceptional APY on balances of $1000 or more. Start saving for your future now.

    All the savings - No monthly account fees

    24/7 access - Secure, 24/7 mobile access to your account

    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