Upgrade Launches Premier Savings Account Offering 4.3% APY
Update: Rate is now up to 4.38% APY.
Upgrade, a Fintech company that offers credit, mobile banking, and payment products to everyday consumers, announced today that it launched Premier Savings, a high-yield savings account that offers 3.50% annual percentage yield (APY) to consumers.
Premier Savings is not limited to Upgrade Card customers. It offers full interoperability with thousands of U.S. banks, and users can request same-day transfers to and from any bank, either online or using their Upgrade app.
Premier Savings accounts are available in all 50 states and require a minimum balance of $1,000 to earn an APY of 3.50%. Premier Savings account is currently not available to existing Rewards Checking (Swagbucks has a $100 signup bonus) or High Yield Savings customers.
Account Details
- The Annual Percentage Yield (APY) for the Premier Savings account is variable and may change at any time. There is no minimum balance to open your account, but you will only earn the APY on days when the closing balance of your Premier Savings account is or exceeds $1,000. On days where the account closing balance drops below $1,000, the APY will be 0%.
- There are no account fees, overdraft fees, annual fees, or transfer fees associated with Premier Savings accounts.
- Funds withdrawals are subject to threshold limits. For example, you may be limited from withdrawing funds to external bank accounts, and may only withdraw to the source account that they were deposited from, for 60 days after the original transfer date of those funds.
- More Details
Check out more high-yield accounts options here.
