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Savings Tiers Terms and Current APYs

Savings Tiers are the way we reward our customers for saving. Once you are eligible for a Savings Tier, the more you save, the higher your annual percentage yield ("APY").

Savings Tier APYs effective now through 1/31/2022:

  • Tier 1: 3.00% APY
  • Tier 2: 2.00% APY
  • Tier 3: 1.00% APY
  • Tier 4: 0.50% APY

Savings Tier APYs effective 2/1/2022:

  • Tier 1: 1.00% APY
  • Tier 2: 0.50% APY
  • Tier 3: 0.25% APY
  • Tier 4: 0.125% APY

Interest rates and APYs may change any time after the account is opened. We do not pay interest on account balances above $100,000. New accounts with confirmed direct deposit will start at Savings Tier 3. For an example of how Savings Tiers can work, please read our blog post Savings Tiers: Explained.

Direct Deposit Requirement:

You must have at least one qualifying direct deposit per calendar month to be eligible for a Savings Tier.

Savings Rate Calculation and Corresponding Savings Tiers:

See Article II, Section 4 of the Deposit Agreement to see how we determine your Savings Tier.