Savings Account with 5.25% APY
from Cfg Bank

Savings Account Features Guide

Interest Rate
APY 5.25%
Minimum deposit amount $1,000.00
Maximum deposit amount N/A
Balance Requirements
Minimum Opening Deposit $1,000.00
Minimum Balance to Avoid Fees $1,000.00
Minimum Required Balance $25,000.00
Monthly Maintenance Fee $10.00
Foreign ATM Fees N/A
Insufficient Funds Fee N/A
Incoming Wires N/A
Account Opening
Open Online Yes
Insured by F.D.I.C.
Paper Statements ×
Online Statements Yes
Online and Telephone Banking
Online Banking Yes
Telephone Banking Yes
Mobile Banking Yes
Deposit Checks with Mobile Device Yes
Free Bill Pay Yes
Online Bill Payments Required Yes

Account Description

• May Add Deposits at Anytime
• No Check Writing Privileges
• New Funds Only
• $25,000+ Minimum Daily Balance to Obtain Annual Percentage Yield
• $1,000 Minimum Deposit to Open
• No more than a total of six (6) automatic or preauthorized transfers, telephone transfers, Online Banking transfers, or payment from your account each month, including payments by checks, drafts and debit cards to third parties.
• Unlimited withdrawals in person at the bank, at an ATM or by mail.

Rate History

Date APY
September 30, 2023 5.25%
September 26, 2023 5.20%

Customer Reviews for Cfg Bank (1)

Rated 2.00 stars out of 5 - based on 1 reviews
  • It's nice to see smaller and obscure banks come online to offer rates just at or above what everybody else is giving. There is a catch especially when these same banks have low or no amount to buy in.
    What's going on is their website will collect all your banking and financial info then vanish. Maybe you will get a denial letter or maybe you will never hear from them again. You will get ghosted. You can call a customer service number they have listed on the portal and leave a whole bunch of messages. If you manage to speak to someone at a Philippine Island call center they will deny having your application.
    The banks are awash in cash. They don't want your money or you for that fact talking about buying a CD. It's the way things are with the Fed and Covid 19 tamping down the interest rates.
    Your sensitive financial info is worth more to these smaller obscure banks than your money is. They aren't loaning any money out anywhere in the country. In other words the banks aren't making any money. They will collect your info to use however they can.

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