Available for residents nationwide, BankPurely is offering a 0.50% APY when you open a PurelyMoneyMarket account. Continue reading below to learn everything you need to know about BankPurely.
Table of Contents
About BankPurely PurelyMoneyMarket
BankPurely is specifically crafted for ethical consumers with greater awareness about environmental and social issues and is federally insured by FDIC. They are all about bringing banking back to its roots, and doing this all online.
I’ll review BankPurely PurelyMoneyMarket below.
BankPurely PurelyMoneyMarket Rate
To earn this competitive rate of 0.50% APY, simply open a PurelyMoneyMarket account online at BankPurely with a minimum balance of $25,000. Also, BankPurely will plant a tree in New York for every new email that signs-up to bank with them!
- Account Type: PurelyMoneyMarket
- Interest Rate: 0.50% APY
- Availability: Nationwide
- Credit Inquiry: Soft Pull
- Opening Deposit: $25,000
- Credit Card Funding: None
- Direct Deposit Requirement: None
- Monthly Fee: None
- Early Termination Fee: None listed
American Express® High Yield Savings Account - You earn a competitive 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.
|Discover Bank Online Savings||$200 Bonus + 0.60% APY||Review|
|Aspiration||$150 Bonus + 1.00% APY||Review|
|Axos Business Savings||$200 Bonus + 0.20% APY||Review|
|Quontic Bank High Yield Savings||0.75% APY||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
|CIT Bank Money Market||0.70% APY + Amazon Prime Offer||Review|
|American Express High Yield Savings||0.60% APY as of 4/28/22||Review|
BankPurely ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
|Pull||3-4 days||$100,000||?||No limit to linked accounts|
Editor’s Note: Help us with the table above in the comment section if you have experience with BankPurely’s ACH capabilities.
How to Earn BankPurely Rate
- Open a PurelyMoneyMarket account from BankPurely with an opening deposit of $25,000.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank.
- Maintain a minimum daily balance of $25,000 to earn the 0.50% APY.
|Balance Requirement||APY Rate|
Why You Should Sign Up For This Account
- Complimentary ATM card
- Flexible access to your money
- Free e-mail statements
- Enjoy easy online account management
- FDIC insures your funds so you can have peace of min
Check out this offer from BankPurely which is great for balances over $25,000. Take advantage of the services they have to offer along with these savings. It takes just minutes online, so open an account today! 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 BankPurely PurelyMoneyMarket.