Wednesday, 25 November 2020

BankPurely Reviews: Checking, Savings, CD and Money Market Accounts

BankPurely Reviews: Checking, Savings, CD and Money Market Accounts
09 Oct
4:21

BankPurely’s Most Popular Accounts

APY

Account Type

Account Name

Compare Rates from Similar Accounts

1.90%

Savings

BankPurely SavingPurely

2.15%

CIT Bank Savings Builder

LEARN MORE Secured

on CIT Bank’s secure website

Member FDIC

2.65%

CD Rates

BankPurely 12 Month PurelyCD

2.50%

Ally Bank High Yield 12-Month CD

on Ally Bank’s secure website

Member FDIC

2.00%

CD Rates

BankPurely 36 Month PurelyCD

2.65%

American Express National Bank 36 Month CD

on American Express National Bank’s secure website

Member FDIC

2.87%

CD Rates

BankPurely 60 Month PurelyCD

3.00%

American Express National Bank 60 Month CD

on American Express National Bank’s secure website

Member FDIC

BankPurely’s checking account option

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How BankPurely’s checking account compares

With its lack of fees and balance requirements, and its ability to earn interest, BankPurely’s checking account is a definite contender for some of the best checking accounts out there. While its interest rate isn’t the highest available, it’s not on the low side, either. This account also has an easy-to-navigate mobile app and online user interface, which is key for any online bank. If you’re especially keen on going green and supporting environmental causes, this account’s paperless characteristics and planting trees bonus will likely appeal to you as well.

BankPurely’s savings account option

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How BankPurely’s savings account compares

The perks that come with BankPurely’s savings account, such as its lack of fees and minimal requirements and its user-friendly online banking capabilities, definitely allow it to compete with some of the best available online savings accounts. Still, there are higher rates from other online banks out there, so if that’s a high priority, we encourage you to review our list. However, if you’re also particularly passionate about supporting environmental causes, then this account might be for you.

BankPurely’s CD rates

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How BankPurely’s CD rates compare

Although BankPurely’s minimum deposit is pretty average compared with come of the best CD options out there, most of its rates simply aren’t as high — in fact, the rate currently decreases from the 24 month to the 36 month options, but then goes back up for the 60 month option. Even if you are drawn to the bank’s ties to green causes, we still suggest doing your research while considering a product that’s a bit more competitive.

BankPurely’s money market account option

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How BankPurely’s money market account compares

With its competitive rate, BankPurely’s money market account is definitely up there with the best of the best — it’s even on our list of the best money market rates and accounts available. Its minimum balance to earn the rate is a bit higher than other accounts on the list, but its rate still beats others. Where BankPurely’s money market account does lose points, however, is the fact that it does incur a monthly fee if you withdraw money and fall below that minimum balance requirement.

Advertiser Disclosure: The card offers that appear on this site are 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 card companies or all card offers available in the marketplace.

Emilia Benton

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Source: https://www.magnifymoney.com/blog/reviews/bankpurely/

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