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 accurate as of 05/25/2022:
- 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.