Available for residents nationwide, Northfield Bank is offering a Platinum Savings Account with 0.85% APY.
Continue reading below to learn everything you need to know about Northfield Bank.
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About Northfield Bank Platinum Savings Review
Northfield Bank is a full service community bank located in NY and NJ. They strive each day to uphold their mission to be the financial institution of choice to individuals and businesses by delivering innovative financial products and exceptional customer service.
They provide a full range of financial solutions for both retail and commercial customers, including lending, cash management, digital banking, deposit, and investment solutions. Even though this is a physical bank with branch locations, you can still open a savings account online and is available nationwide.
I’ll review Northfield Bank Platinum Savings Account below.
Northfield Bank Platinum Savings 0.85% Rate
To earn Northfield Bank’s competitive rate, simply meet all the requirements. Once you qualify, you will start earning the 0.85% rate.
- Account Type: Platinum Savings Account
- Interest Rate: 0.85% APY
- Minimum Balance: $0.01
- Maximum Balance: $225,000
- Availability: Nationwide (Branch Locator)
- Credit Inquiry: Hard Pull
- Opening Deposit: $10
- Credit Card Funding: Unknown
- Monthly Fee: $8 monthly fee can be waived with a daily balance of $2,500
- Early Termination Fee: None listed
American Express Personal Savings Account - You earn 0.60% interest rate along with no minimum deposits or monthly fees. Amex Personal Savings has been my favorite Hub account for the past 5 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 Personal Savings website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express Personal Savings 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.
|Chase SavingsSM||$150 Cash||Review|
|Axos Bank High Yield Savings||0.81% APY||Review|
|Axos Bank High Yield Money Market||0.70% APY||Review|
|American Express High Yield Savings||0.60% APY||Review|
|CIT Bank Money Market||0.60% APY||Review|
|Discover Bank Online Savings||0.60% APY||Review|
|CIT Bank Savings Builder||0.55% APY||Review|
Northfield Bank ACH Capabilities and 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 ACH capabilities.
How to Earn Northfield Bank Rates
- Open a Platinum Savings Account from Northfield Bank with an opening deposit of $0.01.
- Start earning the 0.85% APY rate with just the opening deposit.
|Balance Requirement||APY Rate|
|$0.01 to $99,999.99||0.85% APY|
|$100,000 to $224,999.99||0.85% APY|
Why You Should Sign Up For This Account
- Minimum of $0.01 to open a Platinum Savings Account
- Member of FDIC so your money is always safe
- Monthly fee can be easily waived with a $2,500 daily balance
Check out this offer from Northfield Bank and open a Platinum Savings Account online to earn a 0.85% APY rate today! The great thing about this rate is that it earns the generous APY with no minimum balance! However, once your balance reaches $250,000, you will no longer earn the high rate.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Northfield Bank Platinum Savings Account.