Available nationwide, Banesco BanesFlex Money Market is offering a high 5.25% APY Rate. Continue reading below to learn everything you need to know about Banesco.
Update 3/22/24: You can only see the 5.25% APY promo rate after clicking on “Open Account” and it’s on the first page of the application.
About BanesFlex Money Market
Founded in 2006, Banesco was founded to offer banking services and solutions to business owners, families, and consumers within the communities they serve.
They aspire to provide personalized care and serve to each and every individual customer to develop the community.
| Balance Requirement | APY Rate |
| $300 – $1M | 5.25% APY |
Banesco BanesFlex Money Market Rate
You can open Banesco’s Money Market account with an opening deposit of $2500. However, you must have $300 minimum daily balance to earn the APY and avoid the monthly fee.
- Account Type: BanesFlex Money Market
- Interest Rate: 5.25% APY
- Minimum Balance: $300
- Maximum Balance: $1M
- Availability: Nationwide
- Credit Inquiry: Unknown
- Opening Deposit: $2500 minimum
- Monthly Fee: $300 minimum daily balance to avoid the $5 monthly fee.
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
Editors Note: Rate showing 1.35% APY, so click on the “Open Account” and see the promo 5.25% APY rate on the first page.
Banesco ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | 100K | 100K | None |
| Pull | ? | 100K | 100K | None |
No international wires, outgoing and incoming.
Limit of six (6) transfers or payments per statement cycle.
How to Earn Banesco Rate
- Open a BanesFlex Money Market account from Banesco with an opening deposit of $2500.
- Maintain $300 balance amount and earn the 5.25% APY rate.
Why You Should Sign Up For This Account
- Interest is compounded daily
- FDIC insured up to $250,000
- Only $100 minimum to open
- Earn 1.35% APY rate on $300 or more balance
Bottom Line
Check out Banesco and open a BanesFlex Money Market account this amazing rate! The fact that you can earn a high rate on any balance makes this Savings Account all worthwhile. Let us know about your experience with this bank and comment below.
Note: Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Banesco Online Savings Account.
Just did an online application for the High Yield Savings Account. They asked for an external bank account, which will fund the account. There was no mention of not being able to do an ACH transfer from my bank to theirs. I hoping that whatever the issue was 3/25/19 that it has been worked out and is now able to go through electronically. It’s now 5/9/19. Won’t know until they verify my information on whether I can invest with them or not.
Banesco hCH is infantile. You can only withdraw, not add, money, and then limited to I believe 2K. They say they are working to do an incoming transfer, but that is not available now (as of 3/25/2019). So you have to send a check or set up an ACH link with an external account and then push from there. Just opened this a couple of months ago, so can’t say too much in general. THey do answer phones and address questions. THat is a start.