Thursday, 26 November 2020

Bank5 Connect Review: Checking, Savings, and CD Rates

Bank5 Connect Review: Checking, Savings, and CD Rates
18 Oct
12:48

Bank5 Connect’s Most Popular Accounts

APY

Account Type

Account Name

Compare Rates from Similar Accounts

2.05%

Savings

Bank5 Connect Savings Account

2.15%

CIT Bank Savings Builder

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on CIT Bank’s secure website

Member FDIC

Bank5 Connect’s checking account option

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How Bank5 Connect’s checking account compares

This account’s interest rate is more than four times the national average and you can earn that rate on a balance as low as $100, which definitely makes it stand out against some of the best checking account options out there. Its lack of fees, user-friendly interface, and generous ATM refund policy don’t hurt, either.

Bank5 Connect’s savings account option

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How Bank5 Connect’s savings account compares

The rate on Bank5 Connect’s savings account is definitely on par with those of some of the best online savings account options available. It even beats some of these out with its low deposit and balance requirements. The bank’s easy-to-navigate online and mobile banking services earn it some extra points as well.

Bank5 Connect’s CD rates

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How Bank5 Connect’s CD rates compare

All of Bank5 Connect’s CD rates rank higher or on par with those on our list of the best CD rates available, and with a smaller required opening deposit than most. They’re also all higher than the national average for their term lengths, which is definitely another selling point.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Emilia Benton

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Source: https://www.magnifymoney.com/blog/reviews/bank5-connect/

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