Update 3/16/2020 – Rate lowered to 1.51% APY.
Update 11/1/2019 – Rate lowered to 1.95% APY.
Update 8/12/2019 – Rate lowered to 2.20% APY.
WebBank has a High-Yield Savings Account that offers one of the best rates for large amounts of money. And it doesn’t require any monthly activities. Open a WebBank High-Yield Savings Account and earn a 2.50% APY. The offer is available nationwide. Here’s the details of the offer:
- No monthly fee $1,000 minimum balance
- $500,000 initial funding limit
- Initial funding must be via electronic funds transfer
- FDIC-insured
Offer Terms
- The stated Annual Percentage Yield (APY) is current as of 05/22/2019 and may change at any time without notice.
- If your account balance falls below $1,000 minimum balance amount, your Savings Account will be closed and the balance of the funds remaining in the Account will be returned to you in a manner deemed appropriate by us.
- Service fees may apply for outgoing wire transfers and paper statement requests.
- FDIC-insured up to $250,000 per depositor per ownership category.
- Available nationwide
Guru’s Wrap-Up
This matches the best rate available fo large amounts with no monthly activities required. You can check other high yield accounts here.
Account Details
- Offer Page
- APY: 2.20%
- Min/ Max Amount: Minimum $1,000. Maximum $500,000 or maybe more.
- Inquiry Type: Soft
- ChexSystems Pull: Yes
- Credit Card Funding: No
- Requirements: None
- Monthly Fee: No
HT: DoC
