Online account · FDIC insured through partner banks
Upgrade
Your money is held at Cross River. Based in San Francisco, CA. It opens accounts online nationwide. Best rates: savings 3.30% APY.
Rates
No Carrot Score: scores compare banks and credit unions, and Upgrade holds your money at Cross River. Its rates are below, with what each one takes.
- Savings—3.30%at $10,000Savings rates →
Upgrade isn’t a bank. Deposits are FDIC-insured through Cross River up to $1,000,000 per depositor, as Upgrade states; that covers a bank failing, not Upgrade.
About Upgrade
Premier Savings is a stand-alone savings account from Upgrade, Inc., an online platform for credit, mobile banking and payment products.
Upgrade is not a bank: the account is at Cross River Bank, which may place your funds at other participating banks and credit unions.
Upgrade says millions of families use its cards, personal loans or deposit accounts.
- Headquarters
- San Francisco, CA
Eligibility
Who can open an account
From Upgrade’s own terms and help pages. Check with Upgrade before you apply.
- Anyone can apply: Premier Savings is a stand-alone account, so no other Upgrade account is needed.
- No subscription: the account has no monthly maintenance fees.
- No minimum balance to open (interest is paid only on days the balance is $1,000 or more).
- Joint accounts are available for two account holders.