Available for residents nationwide, MySavingsDirect offers 3.75% APY when you open a MySavings account.
Update 5/29/25: The rate has decreased to 3.75% APY from 4.10%.
The account has no fees and no minimum requirement. Open your high interest savings account online. Access your high yield savings account 24/7 at MySavingsDirect.com.
About MySavingsDirect MySavings
MySavingsDirect is FDIC insured with Emigrant Savings Bank and helps provide fantastic APY rates when you open an account, as well as great services and features.
With such great Online Savings rates you can earn big! The account gives you access to online banking, eStatements, mobile banking, text alerts, and so much more.
| Balance Requirement | APY Rate |
| None | 3.75% APY |
MySavingsDirect MySavings Rate
- Account Type: MySavings Account
- Interest Rate: 3.75% APY
- Minimum Balance: None
- Maximum Balance: None
- Availability: Nationwide
- Credit Inquiry: Soft pull
- Opening Deposit: $1 minimum initial deposit
- Monthly Fee: None
- Early Termination Fee: None
(FDIC Insured)
Important Details for MySavingsDirect
- A single beneficiary (Social Security number required) can be added, using the online application. Afterwards, more beneficiaries can be added by using the “Beneficiary Tab” listed in the “View My Account.”
- Only external ACH deposits are allowed following the opening deposit.
- No ACH withdrawals initiated by another bank. External ACH deposits are allowed.
- Maximum of 2 linked accounts which includes the initial funding account
- After 60 days, establishing second linked account requires mailing in a voided check and form.
- Linked accounts can only be personal checking accounts
MySavingsDirect ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | 1 day | $500K | ? | |
| Pull | 1 day | $500K | ? |
How to Earn MySavingsDirect Rate
MySavingsDirect can be opened to U.S. citizens and Resident Aliens who are at least 18 years of age, have a valid Social Security number, and have a residential address in the United States.
- Open a MySavings account
- Input your info – Provide your name, address, phone, email and social security number
- Fund the account – Transfer funds electronically from an internal or external account
- Earn 3.75% APY no matter what balance
If you still have questions, please call Customer Service at 877-752-1919.
Why You Should Sign Up For This Account
- Save more with this leading rate among other banks
- No service fees or minimum balances to worry about
- Easily open your account online and follow the requirements
- Keep your current checking account and have it linked to the MySavings account
- Manage your high yield savings account anytime
Bottom Line
All in all, the current promotional rate from MySavingsDirect is a great choice for those looking to earn a higher APY rate than that of the national average, while still having the freedom of choosing how much you would like to deposit into your new account.
Interested in Bank Bonuses? See our favorite banks including U.S. 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 MySavingsDirect MySavings Account.
