A savings account has an Annual Percentage Yield (APY), which reflects your account’s current interest rate and the effect of interest compounding. Compounding interest essentially means you’re earning “interest on interest,” so your money grows at a faster rate than with simple interest.
Everything Savings
Grow your savings with our 2.00% APY Everything Savings Account*
No, that’s not a typo. Whether you’re saving for something big or building your emergency fund, let your money work harder for you with our high yield savings account.
With a 2.00% APY, our Everything Savings Account rate is more than 4X the national average.**
Best of all, Everything Savings is for everyone. No minimum balance required. No monthly fee.
Features and more
Mobile Deposit
Deposit checks with a few taps on your phone
Transfers
Maximize your savings with easy transfers from your checking account
FDIC Insured
The safety and security of FDIC insured funds
Everything Savings also includes Everything Checking, which covers all your everyday banking needs. Everything Banking is the complete package, with access to: A network of free ATMs, digital banking tools to simplify the management of your finances, valuable relationship offers on credit cards and CD rates, and loan and mortgage discounts.
Free ATMs
Access to over 55,000 free ATMs
Online Banking
Bank online or on the Dollar Bank Mobile App
Send Money
Send money to people you trust with Zelle®
Card controls
Turn your card on or off, set real-time card activity alerts and more
Easily open your Everything Savings Account online today.
Already have an Everything Checking Account? To add Everything Savings, visit any local Dollar Bank office or call 1-800-242-2265, Monday - Friday from 8:00 AM - 8:00 PM and Saturday from 9:00 AM - 3:00 PM.
FAQs
Why is Dollar Bank offering an interest rate that’s higher than most other banks?
As a local community bank, we think all of our customers should have the opportunity to benefit from a high rate.
Why does my Everything Saving Account require Everything Checking?
With Everything Checking and Savings, you benefit from the Everything Banking package to meet all your banking needs. With a network of free ATMs, product discounts and special offers, free Online Banking and mobile app, Everything Banking provides the right tools to fully manage your finances.
How do I save more money?
Besides opening a savings account with a high interest rate, here are some tips to help grow your savings account:
• Set up automatic transfers from your checking to your savings
• Evaluate your spending habits: Small changes can make an impact
• Create your savings plan
• Track your progress with your digital banking tools
• Set up automatic transfers from your checking to your savings
• Evaluate your spending habits: Small changes can make an impact
• Create your savings plan
• Track your progress with your digital banking tools
$50 minimum to open account. Everything Checking requires six qualifying posted payments made per month or a $2,500 average monthly checking balance to avoid a $5 monthly service fee. 0.05% Annual Percentage Yield (APY) for Everything Checking; Rate may change after account(s) are open. Rate is accurate as of 8/1/22 and is subject to change without notice. For more information on the account fees, see the Account Information Schedule. Fees could reduce earnings. Account opening is subject to approval and accounts are available only to consumers residing in Dollar Bank’s market areas only.
*2.00% Annual Percentage Yield on Everything Savings balances from $0 to $20,000, and balances over $20,000 will earn an APY ranging from 2.00% to 0.10% based on a rate of 0.10% on the portion of balances above $20,000. Rates may change after an account is opened. All rates are accurate as of 9/21/23 and are subject to change without notice. Fees may reduce earnings. Ask for Account Information Schedule for deposit account details. $50 minimum to open. A valid Everything Checking Account is required to open and maintain an Everything Savings Account and the rates for Everything Savings require Everything Checking with six qualifying monthly posted payments. Limit one Everything Savings account per customer. For Dollar Bank’s market areas only.
**National average comparison was made based on rates as reported by the FDIC.gov on 8/19/24. Everything Savings rate is current as of 9/21/23.