Online account · FDIC insured through partner banks
Albert
Your money is held at Wells Fargo. Based in Los Angeles, CA. It opens accounts online nationwide.
Rates
No Carrot Score: scores compare banks and credit unions, and Albert holds your money at Wells Fargo. Its rates are below, with what each one takes.
- Savings—3.50%Needs Albert subscription ($19.99/mo)Savings rates →
Albert isn’t a bank. Deposits are FDIC-insured through Wells Fargo up to $250,000 per depositor, as Albert states; that covers a bank failing, not Albert.
About Albert
Albert Savings is the savings account in the Albert money app from Albert Corporation, offered as Basic (no interest) or High Yield Savings.
Albert is not a bank; savings are pooled in a custodial account held for customers at partner banks, including Wells Fargo.
Albert started in 2015 and says it has over 10 million customers.
- Headquarters
- Los Angeles, CA
Eligibility
Who can open an account
From Albert’s own terms and help pages. Check with Albert before you apply.
- To use Albert (needed for Savings): you must be a U.S. citizen or a legal U.S. resident.
- Minimum age: 18.
- Required account: you must own a U.S. bank or credit union account connected to Albert.
- Subscription required: High Yield Savings needs a paid Albert plan of at least $19.99 a month (Standard or Genius).
- Basic Savings (no interest) also needs an active Albert subscription.