Cfg Bank
Online Savings Account - 4.90% APY
• May Add Deposits at Anytime
• No Check Writing Privileges
• New Funds Only
• $25,000+ Minimum Daily Balance to Obtain Annual Percentage Yield
• $1,000 Minimum Deposit to Open
• No more than a total of six (6) automatic or preauthorized transfers, telephone transfers, Online Banking transfers, or payment from your account each month, including payments by checks, drafts and debit cards to third parties.
• Unlimited withdrawals in person at the bank, at an ATM or by mail.
Fee and Feature Guide
|
Savings Account |
| Interest Rate |
|
| APY |
4.90% |
| Minimum deposit amount |
$1,000.00 |
| Maximum deposit amount |
N/A |
| Balance Requirements |
|
| Minimum Opening Deposit |
$1,000.00
|
| Minimum Balance to Avoid Fees |
$1,000.00 |
| Minimum Required Balance |
$25,000.00 |
| Minimum To Earn |
$0.00 |
| Fees |
|
| Monthly Maintenance Fee |
$10.00 |
| Foreign ATM Fees |
N/A |
| Insufficient Funds Fee |
N/A
|
| Incoming Wires |
N/A
|
| Statements |
|
| Paper Statements |
× |
| Online Statements |
Yes |
| Online and Telephone Banking |
|
| Online Banking |
Yes |
| Telephone Banking |
Yes |
| Mobile Banking |
Yes |
| Deposit Checks with Mobile Device |
Yes |
| Free Bill Pay |
Yes |
| Online Bill Payments Required |
Yes |
| Account Opening |
|
| Open Online |
Yes |
| Insured by |
F.D.I.C.
|
Pros
- Consistently competitive rates.
- Friendly service that you would expect from a small bank.
Cons
- $1,000 minimum to open.
- External transfers are limited to $30,000 per week.
- Paperless options are not available.
Recent Rate Changes
|
Date
|
APY
|
|
October 29, 2024 |
4.90%
|
|
October 8, 2024 |
5.00%
|
|
October 1, 2024 |
5.05%
|
|
September 20, 2024 |
5.19%
|
|
August 28, 2024 |
5.23%
|
|
September 30, 2023 |
5.25%
|
|
September 26, 2023 |
5.20%
|
Customer Reviews for CFG Bank (52)
TJK
September 30, 2023 |
CFG overs very competitive Interest rates on their High Yield Savings account.
I did everything ONLINE and have not had any issues with their service.
Is this review helpful? Yes:2 / No: 0
Demon1965
May 3, 2023 |
30-year USAA member that consistently earned .01% interest on savings. Took son's advice and transferred funds to CFG. On $100k I earned $0.63 monthly with USAA - whereas CFG shares the wealth and I earn $400+. Satisfied customer.
Is this review helpful? Yes:2 / No: 0
DaveF150
April 11, 2023 |
No problem with phoning the bank. It can take 5 to 10 days for the wire transfer, since CFG first makes 2 small deposits into your account to verify the Routing Number and account number YOU provide is valid. That itself can take 2 business days. Then depending on when YOU check your email and recieve a secure link from CFG, you must confirm the small amounts (2) (.28 and .87) prior too, the transfer of funding amount (10K) in my case. Easy to follow web site, just read every word, Safe and Secure.
Is this review helpful? Yes:3 / No: 0
YTR
March 27, 2023 |
CFG is an outstanding bank, and now rate is over 5%!
Is this review helpful? Yes:3 / No: 1
Tom154
February 28, 2023 |
I have tried to reach this bank due to my application did not go through by calling them and leaving messages for three days. No one will answer the phone or call me back. I am very disappointed after giving them all my personal information.
Is this review helpful? Yes:26 / No: 1
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