Online account · FDIC insured through partner banks
OnePay
Your money is held at 29 banks. Based in New York, NY. It opens accounts online nationwide. Best rates: savings 3.35% APY.
Rates
No Carrot Score: scores compare banks and credit unions, and OnePay holds your money at 29 banks. Its rates are below, with what each one takes.
- Savings—3.35%at $10,000Savings rates →
OnePay isn’t a bank. Deposits are FDIC-insured through its 29 partner banks up to $250,000 per depositor, as OnePay states; that covers a bank failing, not OnePay.
About OnePay
Savings Pockets are the interest-earning Savings section of a OnePay deposit account, which you open and manage in the OnePay app.
OnePay (One Finance, Inc.) is a financial technology company backed by Walmart; it is not a bank.
Deposits are held at Coastal Community Bank or Lead Bank and may be spread to other FDIC-insured banks through the IntraFi sweep network.
- Headquarters
- New York, NY
Eligibility
Who can open an account
From OnePay’s own terms and help pages. Check with OnePay before you apply.
- Minimum age: 18 (OnePay may accept applicants 16 or older through partnership programs).
- Residency: you need a U.S. physical residential address and a U.S. mobile phone number.
- ID number: you must have a Social Security number or an ITIN.
- Required account: Savings Pockets are part of the OnePay deposit account, not a separate account.
- No subscription: OnePay charges no monthly fees and requires no minimum balance.