If you’re looking for online savings account with high-interest rates, consider signing up with Bank7 so you can cash in on their 0.45% APY, available nationwide. Continue reading below to learn everything you need to know about Bank7.
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About Bank7 Online Savings
Bank7 is a full-service Oklahoma-based community bank chartered in 1901. In an age of electronic banking transactions and faceless decision-makers, Bank7 believes in customer satisfaction, community support, and knowing your banker.
I’ll review Bank7 Online Savings below.
Bank7 Online Savings Rate
As long as you maintain a balance of at least $100 you can enjoy earning the high rate on your funds along with great features such as free online, mobile, text banking, and much more.
- Account Type: Savings Account
- Interest Rate: 0.45% APY
- Availability: Nationwide
- Minimum Balance: $100
- Maximum Balance: $999,999.99
- Credit Inquiry: Soft Pull
- Opening Deposit: $100
- Credit Card Funding: Unknown, let us know
- Direct Deposit Requirement: None
- Monthly Fee: $15, if the monthly balance falls under $100
- Early Termination Fee: None listed
American Express® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Aspiration||1.00% APY + $150 Cash||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
|Discover Bank Online Savings||0.40% APY||Review|
|Axos Business Savings||0.20% APY + $100 Bonus||Review|
Bank7’s ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
Editor’s Note: Help us with the table above in the comment section if you have experience with Bank7’s ACH capabilities.
How to Earn Bank7 Rate
- Open an Online Savings account from Bank7 with an opening deposit of $100.
|Balance Requirement||APY Rate|
|$.01 – $999,999.99||0.45% APY|
Why You Should Sign Up For This Account
- Save with their highest rate of 0.45% APY
- Competitive, tiered variable rate of interest
- Access your high yield savings account 24/7 online
- FDIC insured
This is a great opportunity to take advantage of the competitive rate with the Bank7 savings account. Applying online is quick and easy, so hurry in for the savings.
Let us know about your experience with this bank and comment below. For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Bank7 Online Savings Account.