Experian Launches New High Yield Digital Savings Account
Experian had launched the high-yield Experian Smart Money Digital Savings Account which offers consumer consumers a variable Annual Percentage Yields (APYs) between 2.00% and 4.00%.
However, to earn the higher interest, you will need to have a paid Experian membership while the 2.00% APY is for those with free membership. Here’s how it works:
| Experian Membership Base Price | Interest Rate | APY |
| $24.95 monthly and above | 3.92% | 4.00% |
| $0.01 to $24.94 monthly | 2.96% | 3.00% |
| $249.99 annually and above | 3.92% | 4.00% |
| $0.01 to $249.99 annually | 2.96% | 3.00% |
| $0 monthly/annually | 1.98% | 2.00% |
Built into the Experian memberships, the high-yield Experian Smart Money Digital Savings Account allows members to enjoy the benefit of competitive interest rates that compound daily helping even small balances grow more quickly. For those building up emergency savings or managing a budget while looking to grow their wealth at the same time, the Experian Smart Money Accounts can help Experian members reach their goals throughout their financial journey.
Experian members with both an Experian Smart Money™ Digital Checking Account and Digital Savings Account, along with an eligible paid membership can take advantage of having their debit card purchases from the Experian Smart Money Digital Checking Account rounded up to the nearest dollar. The spare change is transferred to the member’s Experian Smart Money Digital Savings Account for automated savings.
The Experian Smart Money™ Debit Card is issued by Community Federal Savings Bank (CFSB), pursuant to a license from Mastercard International. Banking services provided by CFSB, Member FDIC. Experian is a Program Manager, not a bank.
