BankPurely’s online savings account review August 2018 |
BankPurely logo

BankPurely online savings account review

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money.

This green company offers a whopping 1.30% APY and an extensive network of ATMs to connect you to your savings.

As banking goes digital, there are more and more options for online accounts. This is great for consumers — online savings accounts can help you save up by offering high interest rates. But with so many options out there, how are you supposed to choose?

We check out an online savings account with an environmentalist twist from BankPurely to help you find the right choice.

What is BankPurely?

BankPurely is an online bank and division of Flushing Bank, headquartered in Lake Success, New York. It offers FDIC-insured savings and checking accounts, ATM cards and surcharge-free ATM access.

If you’re interested in going green, BankPurely could be for you. It’s PayItGreen certified, which means it’s as close to paper-free as possible. It also works in partnership with Plant-It 2020 to plant a tree in New York State for every new account.

Why should I get an online savings account with BankPurely?

BankPurely’s online savings account comes with several competitive advantages that can help you save:

  • No minimum balance. You’ll earn interest on your balance, no matter how small.
  • No fees. Pay no maintenance charges or associated fees to own this account.
  • High 1.30% APY. BankPurely’s APY is significantly higher than offers you’ll find at your local bank or with other online savings accounts.
  • Wide ATM network. Access your money easily at any of 55,000 surcharge-free ATMs worldwide.

What should I look out for?

For green banking on the go, the BankPurely savings account is a solid option. But you’ll want to keep a few potential drawbacks in mind.

  • Domestic wire transfer fee. You’ll pay a $15 fee on all domestic wire transfers.
  • ATM fee. If you go outside BankPurely ATM network, you’ll pay a $3 fee to withdraw cash.
  • Limited monthly transactions. Like most high-interest savings accounts, monthly transactions top out at six monthly.

How do I sign up?

1. Go to BankPurely’s website and click Open an Account.

bankpurely step 1

2. Click Open an Account on the resulting page to get started with your application.

bankpurely step 2

3. Review the list of required information and click Continue. and select the SavingPurely account.

bankpurely step 3

4. Select the SavingPurely account you’re interest in and then Continue.

bankpurely step 4

5. Complete the required fields with your full name, personal contact information and other details and submit your application.

What information is required?

To open a BankPurely savings account, you’ll need to provide:

  • Your Social Security number
  • Your current home address and a previous home address, if you’ve lived at your current address for fewer than two years.
  • Your current US bank account and routing number.

Compare with other savings accounts

Name Product Minimum deposit Fee APY
Earn one of the highest interest rates without the fees
HSBC Direct Savings
HSBC Direct Savings
Get one of the highest interest rates available without high balance requirements or fees
(can be waived)
Earn one of the highest interest rates if you have at least $10,000 in savings
Earn a high interest rate with no monthly fees

Compare up to 4 providers

Bottom line

BankPurely’s online savings account offers high-interest savings that are among the most generous on the market. Add to that an extensive no-fee ATM access backed by green sensibilities. But you’ll need to make sure that a six-transaction limit each month will suit your situation.

Common questions about BankPurely

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our and .
Go to site