APY GUY: Maximize Your Savings & Earnings

editorial staff

Citadel CD Rates – Now up to 4.20% APY!

Written by:

Citadel Credit Union is a regional credit union based out of Exton, Pennsylvania that was founded in 1937.

Today they hold roughly $4.4 billion in assets and service more than 240,000 members across Bucks, Chester, Delaware, Montgomery, Lancaster, and Philadelphia Counties in Pennsylvania.

They offer some fairly competitive CD (certificate of deposit) rates with terms ranging from 3 months to 7 years.

If you reside in Pennsylvania and are looking to open a CD, you may want to consider Citadel. To see if their rates and terms are right for you, continue reading our review below.

Citadel Credit Union CD Rates + Account Details

image credit: citadelbanking.com

Citadel Credit Union is federally insured by the NCUA (FDIC equivalent for credit unions) and all consumer deposits held with them are insured up to $250,000 per depositor.

All Citadel CDs require a minimum deposit of at least $500 to open.

CD Rates

CD TermAPY
3 months0.80%
6 months1.00%
12 months2.65%
18 months3.65%
24 months3.75%
30 months3.85%
36 months4.00%
48 months4.10%
60 months4.20%
84 months4.20%
APY = Annual Percentage Yield

To put the rates above into perspective, the current national average for a 12 month CD and a 60 month CD sit at 1.07% and 1.09% APY, respectively, according to FDIC data.

That said, there are a number of online banks and credit unions with nationwide acceptance that are now offering above the 4.50% and 4.75% APY mark for the same respective terms.

📌 Bonus! In Citadel Credit Union’s Certificate of Deposit disclosure form (found here) they mention a bonus APY for deposits of $75,000 or greater. They do not mention the specific bonus amount, so you’ll have to call them directly at (800) 666-0191 to take advantage of this offer.

Grace Period and Early Withdrawal Fees

Upon the maturity of any Citadel Credit Union CD, you will have a 10 calendar-day grace period in which you may modify the CD (either by term or deposit amount) or close the CD out entirely without incurring any early withdrawal penalty fees. If nothing is done during this 10 day window your CD will automatically renew into the same term and the going APY at that time.

If you need funds from your CD prior to its maturity you will face an early withdrawal fee. The fee structure is as follows:

CD TermFee
12 months or less90 days’ of dividends
more than 12 months, less than 3 years180 days’ of dividends
3 years or more365 days’ of dividends

We should note that these fees may impact your principal investment if your account has not earned enough interest to cover the early withdrawal penalty.

How to Open and Fund the CD

Once you’re a member (see requirements in section below) you can open and fund your CD either online or in a local branch. The online process is simple and straightforward and should take less than 10 minutes according to Citadel.

Here’s what you’ll need to complete the process in minutes:

  • Social Security Number
  • Driver’s License (or other government issued ID)
  • Bank or credit union routing number (if not funding from any Citadel account). This should be your current bank where the funds will come from to fund your Citadel CD.
  • Account number
  • Minimum Opening Deposit

You’ll also need basic personal information like email address, phone number, address, etc.

How to Join

Membership is only available to those who live, work, worship or study in the following Pennsylvania counties:

  • Bucks
  • Chester
  • Delaware
  • Lancaster
  • Montgomery
  • Philadelphia

You are also eligible to join Citadel if someone in your family or member of your household is also a member. This applies no matter where you live.

You will also need to open a Star Savings ‘share’ account with at least $5.00 to complete your membership. This share account will automatically be opened for you if you’re opening a CD.

Columbia Bank CD Rates – Now up to 4.00% APY!

Written by:

Columbia Bank, based out of Fair Lawn, New Jersey is a regional bank with 60 branches and 3 lending offices throughout the state of New Jersey. They were founded in 1927 and hold roughly $9.8 billion in assets.

Despite operating mostly in New Jersey, Columbia Bank has a handful of CDs (certificates of deposit) with slightly above average yields that can be opened by anyone online throughout the country.

They have 8 standard CDs and 4 promotional CDs. They also have these CDs available as IRA CDs but with some minor differences which we breakdown further below.

To see if Columbia Banks’ CD rates are right for you, continue reading our review.

Columbia Bank CD Rates + Account Details

image credit: columbiabankonline.com

All of Columbia Bank’s CDs come with a minimum deposit requirement of $500 except for their 18 month variable-rate IRA CD which only requires a minimum deposit of $100. Columbia Bank CDs are FDIC-insured up to the applicable limits.

Promotional CD Rates

CD TermAPY
12 month AP0.75%
20 month Bump Up3.00%
24 month AP2.00%
36 month AP2.00%
APY = Annual Percentage Yield

📌 Please note – Columbia Bank’s promotional CDs with AP next to them require you to have an Advantage Plus checking account – and in good standing. This account requires a minimum balance of $500 to avoid a $9 monthly fee. It doesn’t provide any interest on your balance but does come with a $200 bonus if you meet certain requirements. Learn more here.

The 20 month Bump Up CD allows you to make a one-time rate increase during the life of this CD. You can increase it anytime Columbia Bank increases the yield on this account. This is ideal for rising interest rate environments such as the one we’re in.

Standard CD Rates

CD TermAPY
91 day0.10%
12 month0.50%
14 month3.75%
18 month4.00%
24 month1.85%
36 month1.85%
60 month2.00%
72 month2.00%
APY = Annual Percentage Yield

To put these yields into perspective, the national average for 12 month CDs and 60 month CDs sits at just 1.07% and 1.09% APY, respectively, according to FDIC data.

That said, top yields from online banks and nationally available credit unions are now inching above the 4.50% APY and 4.75% APY mark for the same respective terms.

IRA CD Rates

All of Columbia Bank’s IRA CDs come with a minimum deposit requirement of $500 except the 18 month variable-rate CD which only requires a minimum deposit of $100.

CD TermAPY
91 day0.10%
12 month0.75%
14 month3.75%
18 month4.00%
24 month2.00%
36 month2.00%
60 month2.00%
72 month2.00%
APY = Annual Percentage Yield

The yields on the IRA CDs are mostly the same as the standard CDs except for the 24 and 36 month IRA CDs which feature APYs that are 0.15% more than the standard ones.

Compounding and Crediting Interest

Interest on all of Columbia Bank’s CDs are compounded monthly and credited to your account monthly.

Grace Period and Early Withdrawal Fees

When your Columbia Bank CD matures you will have a 7 calendar-day grace period in which you may close out the CD or change the terms and/or deposit amount. If nothing is done during this 7 day window, your CD will automatically renew into a new CD with the same term and the going rate at that time.

If you need your CD’s funds prior to its maturity you will incur an early withdrawal fee. The fee is based on your CD’s term. See fee structure below:

CD TermFee
5 months or less45 days of simple interest
6 – 11 months90 days of simple interest
12 – 23 months180 days of simple interest
24 – 59 months270 days of simple interest
60 months +365 days of simple interest

EFCU Financial CD Rates – Now up to 4.70% APY!

Written by:

EFCU Financial, formerly E Federal Credit Union, is a mid-sized credit union based out of Baton Rouge, Louisiana with some phenomenal CD (certificate of deposit) rates for their members that are among some of the highest yielding anywhere in the country as of the time of this writing.

EFCU Financial has just over $740 million in assets and serves just over 55,000 members.

They have just 8 branch locations in Louisiana but can accept new members nationwide by joining the EFCU Financial Foundation or donating to the Louisiana Wildlife Foundation. If you live in the 9 Louisiana Parishes that are within their field of membership, joining is of course free. You can read more on how to join below.

EFCU Financial CD Rates + Account Details

image credit: efcufinancial.org

EFCU Financial has 8 CDs to choose from with terms ranging from 6 months to 5 years.

They have 1 promotional CD which is a 30 month Bump CD giving you the option to increase the yield one time during its term. These are especially beneficial in rising interest rate environments such as the one we’re currently in.

EFCU Financial’s certificates of deposit are available as stand alone CDs or IRA (individual retirement account) CDs.

All of EFCU Financial’s CDs come with a minimum deposit requirement of $500. They also have slightly better jumbo CD rates for deposits of $100,000 or more.

CD Rates

TermAPYJumbo APY
6 months3.50%3.60%
12 months4.50%4.60%
18 months4.50%4.60%
24 months4.50%4.60%
30 months + 1 Rate Bump4.50%4.60%
36 months4.50%4.60%
48 months4.50%4.60%
60 months4.50%4.60%
Jumbo APY = annual percentage yield on deposits of $100k+

IRA CD Rates

TermAPYJumbo APY
6 months3.60%3.70%
12 months4.60%4.70%
18 months4.60%4.70%
24 months4.60%4.70%
30 months + 1 Rate Bump4.60%4.70%
36 months4.60%4.70%
48 months4.60%4.70%
60 months4.60%4.70%
Jumbo APY = annual percentage yield on deposits of $100k+

To put these yields into perspective, the current national average for a 12 month CD and a 60 month CD sit at just 1.07% and 1.09% APY, respectively, according to FDIC data.

Compounding and Crediting Interest

Interest is compounded daily and credited monthly on all CDs and IRA CDs. Dividends may be withdrawn without penalty.

Early Withdrawal Fees

EFCU Financial CDs will automatically renew into the same term and the going APY at that time unless they receive written notice from you prior to or on the maturity date of your CD stating your intention to withdraw or add funds.

If you need to withdraw funds prior to your CD’s maturity, you will incur a fee. The fee structure is as follows:

TermFee
1 year or less90 days’ interest
13 months to 5 years180 days’ interest

To learn more about early withdrawal fees and any exceptions that may apply, you can download their Truth-in-Savings disclosure forms here.

How to Join EFCU Financial

There are 4 ways to join EFCU Financial. Those are:

1. Live, work, worship, or attend school in these 9 Louisiana Parishes (same as above):  

  • East Baton Rouge
  • West Baton Rouge
  • Ascension
  • East Feliciana
  • West Feliciana
  • Iberville
  • Livingston
  • Point Coupee
  • St. Helena

2. Immediate family or household members (limited to spouses, parents, grandparents, children, grandchildren and siblings) of a current EFCU Financial member. 

3. Spouse of a person who died while a member.

4. Volunteer membership through the EFCU Financial Foundation or the Louisiana Wildlife Federation.

EFCU Financial does not specify how much you need to donate to either their foundation or the Louisiana Wildlife Federation.

If you’re looking to join EFCU Financial to take advantage of their CDs, you may want to give them a call at (800) 963-3328 for specifics.

📌 Please note: Due to high volume online applications for deposit accounts may take up to 3 business days to process.

Gesa Credit Union – Deposit Account Rates and Review

Written by:

image credit: gesa.com

Gesa Credit Union, based out of Richland, Washington, was originally founded in 1953 in a part-time office.

In 1996 they began opening their doors to residents through the state of Washington which is when they experienced major growth. Today, they have over 260,000 members and are the 2nd largest credit union in the state behind BECU (Boeing Employees Credit Union).

Gesa offers a number of NCUA-insured (FDIC equivalent for credit unions) deposit accounts which we’ll cover in this review. These are:

  • 3 Checking Accounts – SmartChecking, SmartPlus Checking and Student Checking.
  • 2 Savings Accounts – SmartPlus Savings and the Explore Youth Savings.
  • 1 Money Market Account – Varying yields by balance amount.
  • 10 CDs (Certificates of Deposit) – Terms ranging from 3 months to 7 years.
  • 5 “Bump CDs” – Allow for one rate bump during the term. Terms from 12 months to 5 years.

Gesa Credit Union’s CDs are also available as IRA CDs. This applies to both their standard certificates and their Bump CDs.

To see if Gesa Credit Union’s deposit accounts are right for you, continue reading our review below.

Checking Accounts

30+ designs to choose from!

As mentioned Gesa offers 3 checking accounts to choose from. All 3 of these accounts offer the following features:

  • Debit card with over 30 designs to choose from.
  • Access to over 70k surcharge free ATMs. See locations here.
  • No monthly maintenance fees.
  • Online and mobile banking.
  • Early direct deposits. Get paid up to 2 days early.
  • Round-up transactions to the nearest dollar and have the remainder automatically transferred to your Gesa Savings account to earn up to 5.00% APY (annual percentage yield).
  • Overdraft protection. 3 options available. Call (888) 946-4372 for more information.
  • Card Controls. Turn cards on/off and set up notifications for purchases over a certain amount, foreign transactions, etc.

SmartChecking

The SmartChecking account is a great secondary checking account option – especially for those without a social security number or TIN number.

The account can be opened online with a minimum deposit of just $25 or in a local branch with no minimum deposit requirement.

SmartPlus Checking

The SmartPlus Checking account also comes with a minimum deposit requirement of just $25 or $0 if opened in a local branch. It also comes with some noteworthy features if you can meet certain criteria.

The features are an APY of 5.00% on balances up to $5,000 and unlimited domestic ATM fee refunds.

In order to be eligible for these features you must meet the following criteria:

  • Enroll in eStatements
  • Make a monthly direct deposit of over $200
  • Complete 15 debit card transactions

You’ll also need to provide and maintain a valid email address. Limited to 1 account per member.

If criteria isn’t met then an APY of just 0.01% will be applied to your balance.

Student Checking

The Student Checking account is geared towards teens age 14 to 18. The account comes with a free debit card and only requires $5.00 to open.

It also earns an APY of 5.00%, but only on balances up to $500. Amounts above $500 will only earn 0.01% APY.

The good news is that there is no criteria to meet in order to earn the APY.

Savings Accounts

Like the checking accounts, both savings accounts offered by Gesa Credit Union are eligible for a Gesa Visa debit card and access to the network of over 70,000 ATMs. You’ll also have the same card control features and online banking features as you would with the checking account options.

SmartPlus Savings

The SmartPlus Savings account by Gesa earns 5.00% APY on the first $500 followed by 0.01% APY on balances above that amount.

You’ll have to provide a valid email and enroll in e-statements to earn the advertised APY otherwise the account balance will only earn 0.01% APY.

Interest is both compounded and credited to your account monthly. $5.00 from this account can also qualify for your Gesa membership. Typically this would have to reside in its own member share savings account to establish ownership in the credit union – since credit unions are member-owned financial institutions.

You’ll also need to open the account with a minimum deposit of at least $5.00

Explore Youth Savings

The Explore Youth Savings account by Gesa is available for kids up to 13 years old. The account also earns 5.00% APY on balances up to $500 with 0.05% APY on balances above that amount.

💰 BONUS! – Gesa will match deposits made into this account (either in branch or through mobile check deposit) up to $25. That’s a free $25 just for adding money to the account.

🎓 Super Student Incentive – Bring in your student’s report card and Gesa will deposit $5.00 into your child’s account. You are eligible for 4 of these per year (1 per season – Fall, Winter, Spring, Summer).

Money Market Account

Gesa Credit Union offers a money market account with varying yields based on your balance. It requires a minimum daily balance of at least $2,500 to earn the advertised rate.

Gesa also notes that new rates are set and posted each month.

Money Market Rates

BalanceAPY
$2,500 – $9,999.990.10%
$10k – $24,999.990.15%
$25k – $49,999.990.20%
$50k – $99,999.990.22%
$100k – $249,999.990.27%
$250k +0.30%
APY = Annual Percentage Yield

To put these yields into perspective, the national average for a money market account sits at 0.39% APY, according to FDIC data, however, there are a handful of accounts paying over the 4.00% APY mark on all balances following the FED’s latest rate hike.

Interest is compounded daily and credited to your account monthly.

CD Rates + Account Details

Gesa Credit Union offers 10 standard CDs with terms ranging from 3 months to 5 years and 5 bump CDs with terms ranging from 1 – 5 years. These CDs can be opened in IRAs as well and carry the same yield.

Yields are tiered by deposit size. The tiers are as follows:

  • $500 – $49,999.99
  • $50,000 – $99,999.99
  • $100,000 +

All CDs with Gesa come with a minimum deposit requirement of $500.

CD Rates

TermMin. DepositAPY
3 months$5000.20%
3 months$50,0000.20%
3 months$100,0000.20%
6 months$5000.40%
6 months$50,0000.45%
6 months$100,0000.50%
12 months$5000.75%
12 months$50,0000.80%
12 months$100,0000.85%
18 months$5000.90%
18 months$50,0000.95%
18 months$100,0001.00%
24 months$5000.95%
24 months$50,0001.00%
24 months$100,0001.05%
30 months$5001.00%
30 months$50,0001.05%
30 months$100,0001.10%
36 months$5001.05%
36 months$50,0001.15%
36 months$100,0001.25%
48 months$5001.30%
48 months$50,0001.40%
48 months$100,0001.50%
60 months$5001.80%
60 months$50,0001.90%
60 months$100,0002.00%
84 months$5002.00%
84 months$50,0002.35%
84 months$100,0002.50%
APY = Annual Percentage Yield

To put these yields into perspective the current national average for 12 month and 60 month CDs sit at 1.07% and 1.09% APY, according to the FDIC, however there are a number of institutions paying over the 4.25% and 4.50% APY mark for the same respective terms.

Bump CD Rates

Want to take advantage of a rising interest rate environment?

Bump CDs like these offered by Gesa Credit Union allow for one rate bump during the life of the CD. So if rates rise during your CD’s term, you can opt for one rate bump to the new APY.

TermMin. DepositAPY
1 year$5000.75%
1 year$50,0000.80%
1 year$100,0000.85%
2 years$5000.95%
2 years$50,0001.00%
2 years$100,0001.05%
3 years$5001.05%
3 years$50,0001.15%
3 years$100,0001.25%
4 years$5001.30%
4 years$50,0001.40%
4 years$100,0001.50%
5 years$5001.80%
5 years$50,0001.90%
5 years$100,0002.00%
APY = Annual Percentage Yield

Grace Period and Early Withdrawal Fees

Gesa will notify you before your CD matures. Upon maturity you will have a 10 calendar-day grace period in which you may modify your CD or close it out entirely. If nothing is done during this grace period your CD will automatically renew with the same term and the going APY at that time.

If you need funds prior to your CD’s maturity you will face an early withdrawal fee. The fee structure with Gesa Credit Union is as follows:

CD TermEarly Withdrawal Fee
less than 12 months90 days interest on the amount withdrawn subject to penalty
12 mo – less than 36 mo180 days interest on the amount withdrawn subject to penalty
36 mo – less than 48 mo365 days interest on the amount withdrawn subject to penalty
48 months or more540 days interest on the amount withdrawn subject to penalty

Chime Savings Account – Now up to 2.00% APY!

Written by:

Chime is an online-only financial technology company that has partnered with two banks – Stride Bank and The Bancorp Bank – to offer consumers both a checking account and a savings account.

As a fintech company, Chime relies on Stride Bank and The Bancorp Bank for things like FDIC insurance and to comply with all applicable banking laws and regulations in general.

To see if a Chime checking account or Chime savings account is right for you, continue reading our review below.

Chime Savings Account

The Chime Savings account is only available to consumers that have first opened the Chime checking account. Like the checking account, the savings account has no monthly maintenance fees and no minimum deposit or balance requirements.

You can also set up automatic savings features. Chime currently offers 2 of these – Round Ups and Save When I Get Paid.

Round Ups automatically round up each transaction you make with your Visa debit card to the nearest dollar, depositing the change into your savings account.

Save When I Get Paid lets you automatically transfer 10% of your direct deposit of $500 or more into your Chime Savings account.

Chime Savings Account Rate

Min BalanceAPY
$02.00%
APY = Annual Percentage Yield

To put this yield into perspective, the national average for a money market account and a savings account sit at just 0.38% APY and 0.30% APY, respectively, according to FDIC data.

That said, there are a number of FDIC-insured online banks and credit unions with nationwide acceptance offering online savings accounts and money market accounts with rates over 4.00% APY following the FED’s latest 0.50% rate hike on December 14th.

This is a variable rate that is subject to change at any time without notice.

All deposits are FDIC-insured up to the applicable limits through Chime’s banking partners.

Chime Checking Account

image credit: chime.com

The Chime checking account comes with a free visa debit card and has no minimum deposit requirements or daily balance requirements to open and maintain the account. It also has no monthly maintenance fees of any kind.

✅ Checking Account Features:

  • Free Visa Debit Card with EMV chip technology
  • Access to over 60,000+ fee-free ATMs via Allpoint. These ATMs are at popular retail stores like Walgreens, CVS, 7-Eleven, and Target.
  • Get direct deposits up to 2 days early.
  • Get fee-free overdraft with SpotMe. Eligibility requirements apply. See below for more details.
  • No credit check required.
  • Automatic savings features.

To enable overdraft protection with SpotMe you must first set up a recurring direct deposit of at least $200 each month. This will initially allow for overdrafts of up to $20 in either cash withdrawals or spending. This $20 amount could go up to $200 or more based on your history with Chime and your direct deposit amounts and frequency each month.

🛑 Checking Account Drawbacks:

  • No physical bank locations or branches.
  • $2.50/transaction for out of network ATM usage.
  • Must deposit checks using 3rd party locations unless you have had at least 1 direct deposit of $1 or more from an employer, gov benefits, or gig economy work. This direct deposit unlocks the Mobile Check Deposit feature.

Frequently Asked Questions

Still have questions about the Chime Checking or Chime Savings account? See what other consumers are asking as well as our responses below.

How to Open the Chime Spending Account?

You can open a new account in under 2 minutes. Visit Chime.com and enter in all your relevant personal information. You must be at least 18 years old to open an account.

Once you’re enrolled Chime will send you your Visa Debit Card. This typically arrives in 7-10 business days.

How to Add Funds to my Chime Spending Account?

You can add funds via:

  • Direct Deposit
  • ACH transfer from your current bank or credit union using your Chime account number and Chime routing number: 103100195
  • Cash Deposits at Allpoint locations.
  • Mobile Check Deposits. Available to account holders who have set up and received at least one direct deposit. Available 30 days after direct deposit.

Is Chime Legit?

Chime is a fintech company that has partnered with two banks – Stride Bank and The Bancorp Bank – to provide banking services to consumers. If Chime fails as a company, your funds are federally insured by the FDIC through Stride Bank and The Bancorp Bank.

Betterment Cash Reserve Account – Now 3.75% APY!

Written by:

[📌 Update December, 2022 – The Betterment High-Yield Cash Reserve account has seen its APY (annual percentage yield) increase by 0.55% APY following the FED’s latest rate hike of 0.50% on December 14th. The account now provides an APY of 3.75%. This is up from 3.20% APY in November. See more details about the account below.]

You may have heard of Betterment before as they were one of the original robo-advisor pioneers.

Today, however, they offer a suite of products beyond robo-advising. In this review, we will be focussing on their Cash Reserve account. This account features an excellent APY as well as expanded FDIC-insurance beyond the traditional $250,000 per depositor that banks and credit unions offer.

Continue reading our review to see if this account is right for you.

Betterment Cash Reserve Rate + Account Details

The Betterment Cash Reserve account is for the most part an online savings account. The main difference is that Betterment is not an actual bank, but rather an investment services company that partners with several FDIC-insured banks to leverage their FDIC insurance. This allows Betterment to provide FDIC insurance on deposits up to $1,000,000 ($2m for joint accounts) rather than the standard 250,000 per depositor.

These banks use demand deposits and money market accounts to hold your funds, but from the consumers’ perspective, you’ll only interact with Betterment. 

Betterment partners with 6 banks. These are referred to as their “Program Banks.” If for whatever reason you wish not to partner with any of these institutions you may contact customer service and let them know which one(s) to exclude.

Betterment Bank Partners

The Bancorp Bank
Barclays Bank Delaware
Cross River Bank
HSBC Bank USA
State Street Bank and Trust Company
Wells Fargo Bank

Cash Reserve Rate

This account has no minimum balance requirement to earn the advertised rate and no monthly maintenance fees.

Min BalanceAPY
$03.75%
APY = Annual Percentage Yield

To put this yield into perspective the national average for a money market account and a savings account sit at just 0.38% APY and 0.30% APY, respectively, according to FDIC data.

This is a variable rate that can change at any time without notice.

Interest is paid monthly – generally the first business day of each month unless it is a bank holiday.

Managing your Account

Betterment has apps for both IOS and Android where they score a 4.7 stars out of 5 and 4.5 stars out of 5, respectively.

Moving money around is very easy and straightforward with either of their apps. There are no limits on how often you can send or receive money, and zero fees to do so. You can withdraw funds in just 1–2 business days.

If you already have (or choose to open) the Betterment checking account to go along with the Cash Reserve, you would be able to withdraw cash from any ATM worldwide without incurring a fee. Betterment reimburses all ATM fees worldwide on its checking account.

If you only have the Cash Reserve account the only way to transfer funds is by using an online transfer through the app or website to a linked checking account.

Mobile check deposit is only available with the checking account and you must be a customer for a minimum of 30 days with a monthly direct deposit set up of $500 or more.

Final Thoughts

If you’re in the market for a high yield then the Betterment Cash Reserve account is a solid option as it has no minimum deposit or balance requirements and pays out a generous APY of 3.75% with expanded FDIC coverage of $1m.

That said, there are now some online banks and credit unions paying over the 4.00% APY mark for online savings accounts, however these only come with the standard $250,000 FDIC coverage.