Premier Savings
- Exceptional 5.07% APY on balances of $1,000 or more
- High-yield savings account with no monthly fees
- Secure, 24/7 mobile access to your account
Reach your goals faster with Premier Savings
Exceptional APY
Earn 5.07% APY1 on balances of $1,000 or more. Start saving for your future now.
All the savings, no monthly fees
A high-interest savings account without the monthly or annual fees
24/7 access
Secure, 24/7 mobile access to your account
Maximum savings, zero monthly fees
Premier Savings has one of the highest rates in the nation, without the fees that some competitors charge.
Premier Savings | National Average / Competitor Comparison | |
|---|---|---|
Annual Percentage Yield (APY) | 5.07%1 | 0.45%iii |
Monthly fees | $0 | $12 to $25i |
Your interest earnings on a $2,500 deposit | $126 ii | $11iii |
i. Range of monthly account fees based on the following competitor products as of June 23, 2023: Chase Premier Savings, TD Select Savings, Wells Fargo Platinum Savings. Account terms may allow for fee waivers when meeting certain conditions.
ii. Assumes principal and interest remain on deposit and interest rate and APY do not change. The estimated values are based on a $2,500 savings amount, are shown for illustrative and informational purposes only, and may not apply to your individual circumstances.
iii. This reflects the average national savings account interest rate of 0.45% as determined by the FDIC as of September 18, 2023 (FDIC National Rates) and applied to a $2,500 savings amount.
Manage your money on the go
Top-rated mobile app
- Secure 24/7 access to your money
- View balances, transfer funds between accounts
- You’re in control. Set up real-time alerts
FAQ
What is a high-yield savings account?
- A high-yield savings account is a savings account with a higher interest rate than traditional savings accounts. You earn interest for leaving your money deposited in a savings account. This interest is typically expressed as annual percentage yield (APY), a calculation of the total amount you can earn over a year assuming funds are not added or withdrawn. APY is based on compound interest, which is the interest on savings calculated on both the initial principal and the accumulated interest from previous periods. The more often interest compounds, the more money you could earn. Premier Savings accounts accrue interest on a daily basis, with interest credited to your account monthly.
What are the benefits of a Premier Savings account through Upgrade?
- Premier Savings accounts offer a number of top tier benefits, including:
- Exceptional 5.07% APY on balances of $1,000 or more
- No monthly or annual account fees
- Secure, 24/7 access to your money
- Real-time alerts and account management via our mobile app
How do I fund my Premier Savings account?
- Funds can be deposited into your Premier Savings account via standard ACH Transaction or Wire Transfer in U.S. dollars. To initiate an ACH transfer, sign in to your account and select the deposit tab at the bottom of the screen. Here, you can link an external account and initiate an ACH transfer. You can also fund your Premier Savings high-yield savings account by having your payroll provider set up direct deposit to have your paycheck deposited automatically on pay day. If you’re looking to complete a wire transfer, you can direct a third party to transfer money to your account by domestic wire transfer.
What are the best ways to use a high-yield savings account?
- High-yield savings accounts can serve many purposes, including:
- Building an emergency fund
- Making a major purchase, such as a down payment on a house or car
- Building a college fund
- Major life event - weddings, anniversaries, or starting a family
- Travel - save up for that adventure you’ve been putting off
High-yield savings accounts offer flexibility and earn interest while you work towards your savings goals.