Zynlo is a new, online-only bank backed by PeoplesBank, a 140-year-old chartered bank based in Holyoke, Massachusetts. Zynlo offers spending, savings and money market accounts as well as many attractive features, including the ability to get paid two days early and have 100% of your round-ups matched for the first 100 days. You’ll also earn competitive APYs with all three of its accounts. However, the bank offers fewer options than its competitors, and the jury’s still out when it comes to customer reviews.
Best for: People who want to earn high interest on their savings and manage everything online without monthly fees.
Zynlo Bank is best for anyone looking for a fully online banking experience with high interest rates and no monthly fees. It’s also a solid option if you want a simple way to save more through round-up features and competitive APYs across checking, savings and money market accounts.
That said, Zynlo has limited product offerings, no cash deposit options and mixed customer feedback, so if you need more comprehensive banking tools or in-person service, you may want to look elsewhere.
Zynlo Bank stands out for its strong APYs, fee-free structure and large ATM network. However, it may not meet your needs if you’re looking for full-service banking or in-person support.
High-yielding checking, savings and money market accounts.
As an online bank, it has similar shortcomings to other digital options.
Zynlo Bank offers one interest-bearing checking account called More Spending. Here are some of its features:
The More Spending account doesn’t offer physical checks, but if you’d like to order checks to use with the checking accounts, Zynlo does support it.
Zynlo offers one main savings product: the Tomorrow Savings account. It’s a high-yield savings option with no fees or balance requirements, and it pairs well with the bank’s checking account to automate savings.
This account earns 4.2% APY across all balances and has no monthly fees or minimum deposit to open. It’s designed to work with Zynlo’s round-up feature from the More Spending checking account. When the bank rounds up your debit card purchases to the nearest dollar, it automatically transfers that amount from your More Spending Account into your Tomorrow Savings Account.
However, there’s no way to deposit cash into this account, and transfers from external accounts may take a few business days.
Zynlo’s Money Market account is a no-fee account that combines savings-like returns with basic liquidity. It offers one of the highest rates in the market right now with few strings attached.
This account earns a 4.4% APY with no monthly fees and no minimum balance. You can make transfers and access funds via linked accounts or ATMs in the Allpoint network. There’s no limit to how often you can withdraw money, unlike many banks that typically limit withdrawals to six per month.
While you’ll earn a higher yield with the money market account than you will with the Tomorrow Savings account, you won’t have access to the round-up savings feature.
We currently don't have that product, but here are others to consider:
How we picked theseThe Finder Score crunches over 300 checking accounts from hundreds of financial institutions. It takes into account the product's monthly fees, overdraft fees, opening deposit, customer support options, ATM network and features — this gives you a simple score out of 10.
To provide a Score, Finder’s banking experts analyze hundreds of checking accounts against what we consider is the best option: no monthly fees, no overdraft fees, a large ATM network of 50,000 or more, additional features outside of typical banking services, and the optional perk of earning interest. Accounts that are nearly free to maintain and use are scored the highest, while accounts with costly fees and few features are scored the lowest.
We currently don't have that product, but here are others to consider:
How we picked theseThe 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.
We currently don't have that product, but here are others to consider:
How we picked theseThe 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 | No |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 1 out of 5 stars, based on 5 customer reviews |
| Trustpilot score | 2.9 out of 5 stars, based on 5 customer reviews |
| Apple App Store Score | 4 out of 5 stars, based on 79 customer reviews |
| Google Play Score | 3.2 out of 5 stars, based on 110 customer reviews |
| Customer reviews verified as of | 12 August 2025 |
Zynlo Bank doesn’t have a Better Business Bureau (BBB) profile, but PeoplesBank, the chartered bank that backs Zynlo, does. PeopleBank isn’t BBB accredited but has an A+ rating, which means it meets stringent standards of professionalism and customer service.
To get a better idea of what customers think about Zynlo, we also looked at the online bank’s Trustpilot profile. As of July 2025, it only has ten reviews and an average rating of 2.9 out of 5 stars. Some people appreciated the bank’s competitive interest rates and automatic savings features, but others were pretty annoyed about long delays during the application process and poor customer service. With such a small sample size, it’s hard to draw definitive conclusions about Zynlo.
All in all, though Zynlo may work well for some, you’ll want to perform your due diligence and weigh the pros and cons before signing up.
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