Transportation Alliance Bank, Inc. D/b/a Tab Bank
Online Savings Account - 4.52% APY
• Competitive High-Yield Interest Rates
• No balance caps
• No monthly service fees
• No Opening Minimum Deposits
• Online & Mobile Banking Access
• No minimum deposit to open
• $1 Daily Balance
Fee and Feature Guide
|
Savings Account |
| Interest Rate |
|
| APY |
4.52% |
| Minimum deposit amount |
$1.00 |
| Maximum deposit amount |
N/A |
| Balance Requirements |
|
| Minimum Opening Deposit |
$0.00
|
| Minimum Balance to Avoid Fees |
$0.00 |
| Minimum Required Balance |
$1.00 |
| Minimum To Earn |
$0.00 |
| Fees |
|
| Monthly Maintenance Fee |
N/A |
| Foreign ATM Fees |
N/A |
| Insufficient Funds Fee |
$30.00 |
| Incoming Wires |
$15.00 |
| Statements |
|
| Paper Statements |
Yes |
| 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 among most competitive online savings rates.
Cons
- Users complain of poor and inattentive customer service.
- Website is poorly laid out and confusing.
Recent Rate Changes
|
Date
|
APY
|
|
October 1, 2024 |
4.52%
|
|
August 22, 2024 |
5.02%
|
|
October 25, 2023 |
5.27%
|
Customer Reviews for Transportation Alliance Bank, Inc. d/b/a TAB Bank
Yat 1965
March 19, 2022
Problem with ties to puppy mills. I closed a cct. https://www.americanbanker.com/news/tab-bank-dragged-into-seedy-world-of-puppy-mill-loans-by-fintech-partner
Is this review helpful? Yes:4 / No: 0
Joy
February 28, 2021 |
ACH transfers limited to $3,000, unsecured website, emailing acct numbers, hours to reach customer service. Need not say more.
Is this review helpful? Yes:8 / No: 0
RickS
January 23, 2021 |
Not worth the hassle.
Is this review helpful? Yes:6 / No: 0
VP Michael Penis
October 24, 2020 |
Avoid any bank that lowers its savings rate from 0.90% to 0.65% without any notice to customers. just avoid it.
Is this review helpful? Yes:7 / No: 0
Ted Doolittle
October 17, 2020 |
I opened an account here online two weeks ago. I funded with $50,000 from WFC, easy, no issues. Then I set it up to increase funding and each entry was rejected. Only after opening I learn the bank has a $3,000 external funding limit. I tried to reach someone by phone to ask about this and was placed on hold for over 30 minutes at which point I hanged up. From reading some of the other reviews on this site, I see that I might be able to overcome this rule by funding from source account at WFC, but I will still need to check with them and that will involve another 30 minutes of wasted time. I would not have bothered with this account had I been aware of these limitations. Also, I am now regretting working with a bank in Utah as it is the only damn State in the Union still backing the orange narcissist.
Is this review helpful? Yes:7 / No: 0
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