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finder.com’s rating: 3.9 / 5.0
★★★★★
BankPurely is the sustainability-focused arm of New York’s Flushing Bank. Its PurelyMoneyMarket account offers a strong 0.55% APY, but its minimum initial deposit of $25,000 won’t be a fit for everyone.
0.55%
APY
$0
Fee
$25,000
Minimum deposit to open
Review by
Amy Stoltenberg writes about lifestyle and money for Finder, researching the best options for shopping, banking, insurance and authentic travel experiences. After studying writing and fashion at Savannah College of Art and Design, she worked as a technical designer before opting for a career with unlimited travel time. She lives in Los Angeles. When her laptop's closed, you can find her wandering the streets looking for hole-in-the-wall eateries and daydreaming about her next great adventure.
If you can comfortably handle the $25,000 minimum deposit, PurelyMoneyMarket’s competitive 0.55% APY could net you at least $188 per year in interest.
But the high barrier to entry and required minimum balance may not make it the best option if you’re just starting out on your savings journey.
The application should take about 10 minutes to complete:
To open a savings account with BankPurely, you’ll need to meet the following eligibility criteria:
Have the following information ready before applying for your BankPurely savings account:
This account offers surcharge-free access to over 55,000+ ATMs worldwide, a mobile banking app and the following benefits:
While the benefits are enticing, there are a few potential drawbacks depending on your circumstances:
If you’re not sure PurelyMoneyMarket is right for you, compare other money market options before making a final decision.
Customer service accessibility is limited, so you’ll need to be comfortable with phone communication.
In addition to the PurelyMoneyMarket account, BankPurely offers:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.