Savings Account Features Guide
Interest Rate | |
APY | 4.75% |
Minimum deposit amount | $0.00 |
Maximum deposit amount | $250,000.00 |
Balance Requirements | |
Minimum Opening Deposit | $25.00 |
Minimum Balance to Avoid Fees | - |
Minimum Required Balance | - |
Fees | |
Monthly Maintenance Fee | N/A |
Foreign ATM Fees | N/A |
Insufficient Funds Fee | $30.00 |
Incoming Wires | N/A |
Account Opening | |
Open Online | Yes |
Insured by | F.D.I.C. |
Statements | |
Paper Statements | Yes |
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
• The required minimum opening deposit is $25.
• For any month in which the account's average daily balance is below $25, a $5 fee applies.
• The minimum opening deposit requirement and monthly account fee are waived for residents of Rhode Island.
• No monthly account fee with minimum balance.
• Mobile check deposits.
• TIAA Bank does not charge its clients ATM fees at TIAA Bank or other financial institution ATMs.
• Automatically reimburse to the clients for other financial institution ATM fees on U.S. ATM transactions during any month that the average daily balance for the account is at least $5,000. For balances under $5,000, it will reimburse to the clients up to $15 in ATM fees monthly.