Focusing on savings and credit cards, Credit One is best for experienced savers looking for high APYs for large deposits. But you’ll need a big chunk of cash to even open a savings account or CD — $100,000. But the savings account doesn’t have monthly fees, the APYs are great and there’s a variety of credit cards it offers.
Best for: Experienced savers who want high-APY digital savings.
Founded in 1984 and based out of Las Vegas, Nevada, Credit One is mostly-online bank that offers certificates of deposit (CDs), a savings account, and some credit cards.
Like any legitimate bank, Credit One has FDIC insurance, and around $2.44 billion assets with around $1.44 billion deposits. Compared to other banks, it is in the 500s in market standing, so it isn’t a Big Four like Chase or Wells Fargo, but it is a trusted institution.
Credit One offers one savings account, called the Jumbo High Yield Savings Account — and aptly named.
To open this account you need to meet a $100,000 opening deposit requirement. You also need to keep a balance of $100,000 to earn interest and keep the account open. However, there is no monthly maintenance fee.
That balance requirement is high, especially compared to some of the best savings accounts in the market, but the APY is enticing: up to 4.05% APY.
Focusing on jumbo CDs, Credit One’s CDs offer high rates with big deposits.
There’s a minimum $100,000 opening deposit to open the jumbo CD, with quite a few terms to choose from. The 18-month CD offers up to 4.45% APY.
There’s also the CD bump-up options, which let you increase your rate up to one time if rate offers increase over the course of your term.
Aside from savings and CDs, Credit One really only offers credit cards. For the most part, they’re designed for folks with low credit scores with the intent to build a better credit history.
It offers rewards cards and some with no annual fees. One of the most popular is the Credit One Wander American Express card, offering high cash back rates on travel purchases.
Here are just some of Credit One’s credit card options:
Narrow down top savings accounts by APYs, fees and features. Select Compare on up to four accounts for a side-by-side comparison.
The Finder Score crunches over 250 savings accounts from hundreds of financial institutions. It takes into account the product's interest rate, fees, opening deposit and features - this gives you a simple score out of 10.
To provide a Score, Finder’s banking experts analyze hundreds of savings accounts against FDIC-reported national averages as a baseline. Accounts with rates well over the national average are scored the highest, while accounts with rates well below are scored low.
| BBB accredited | Yes |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 1.07 out of 5 stars, based on 1258 customer reviews |
| Trustpilot score | 3.5 out of 5 stars, based on 1,576 customer reviews |
| Customer reviews verified as of | 23 September 2026 |
Overall, Credit One’s customer ratings and reviews shake out to being mid.
When it comes to the process of getting a credit card, most customers say the application process is smooth, easy to navigate and fast. However, many of the negative reviews are also in reference to credit cards, with complaints of account closures, fees or wanting higher credit limits.
Even though the other half of Credit One’s products are savings and CDs, there are very few mentions of those products in reviews — so we turned to Reddit.
On a credit subreddit, someone asked if Credit One was legit. Some of the responses were from past customers who say the fees are high for their credit-building cards, and the annual fees aren’t worth the lack of rewards and low limits. Some customers say they’ve been long-term customers with no issues, but do mention that Credit One’s cards are really for people with less-than-ideal credit and to look elsewhere for better options if they have that option.
If we had to guess, the lack of conversation around Credit One’s savings products online is probably due to the $100,000 opening deposit barrier.
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