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Patriot Bank High-Yield Money Market Deposit Account account review

This money market savings account earns 2.05% APY, but it doesn’t come with an ATM card.

The Patriot Bank High-Yield Money Market Deposit Account earns an attractive 2.05% APY and has a low $1 opening deposit requirement. But you must apply through the SaveBetter website, and there’s only one way to access your cash.

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Minimum deposit to open


Annual percentage yield (APY)2.05%
Minimum deposit to open$1
Interest compoundingDaily
More infoGo to site

Review by

Kimberly Ellis is a writer at Finder. She hails from New York City with a BA from Queens College and a New York State teaching certificate. After teaching in both public and private schools, Kimberly decided to take the world by storm and dive into the media industry — where she covers everything from home loans and investing to K–12 education and shopping. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.

Expert review

The Patriot Bank High-Yield Money Market Deposit Account is a good option if you want a free savings account with an impressive 2.05% APY and a low opening deposit to grow your nest egg.

But since the only way to withdraw money is by transferring it to and from a linked bank account, you need to be comfortable keeping your money at arm’s length. This is because unlike most money market savings accounts, this one doesn’t come with an ATM or debit card and you won’t have any check-writing privileges.

Also, if you need support with your account, Patriot Bank can’t help you. Instead, you have to contact SaveBetter, which oversees the account. And SaveBetter only offers support via email or over the phone on weekdays between 9 a.m. and 4 p.m. ET.

How do I open a Patriot Bank High-Yield Money Market Deposit Account?

Open an account in two six steps.

  1. Select Apply now.
  2. Choose Explore products in the navigation bar. Then under Explore all products, select Savings.
  3. Hit Patriot Bank NA and select Save now.
  4. Create an account by entering your personal information, including your full name and email. Select Continue.
  5. Confirm your email address.
  6. Input your date of birth, Social Security number and additional contact details. Hit Continue.
  7. Review and submit your application.


Open an account when you meet the following requirements:

  • At least 18 years old
  • US resident
  • Existing bank account
  • $1 opening deposit

Required information

Provide the following information when applying:

  • First and last name
  • Home address
  • Date of birth
  • Government-issued photo ID, such as a driver’s license or passport
  • Social Security number
  • Account credentials for your existing bank account

3 benefits of a Patriot Bank High-Yield Money Market Deposit Account

Like many other banks, Patriot Bank gives you the option to open a joint money market account. You’ll also get these perks.

  • Attractive APY. Earns an impressive 2.05% APY on your entire balance.
  • Low opening deposit. Open an account with only $1.
  • No fees. This account doesn’t cost a thing to open or maintain, so you can just sit back and let your money grow.

4 potential drawbacks

A Patriot Bank High-Yield Money Market Deposit Account comes with these disadvantages:

  • Must apply through SaveBetter. While this high-yield account is a Patriot Bank savings product, you must apply through SaveBetter and use their app to manage your account.
  • Limited deposit and withdrawal options. The only way to access your cash is through a linked bank account. The account doesn’t support direct deposits, remote check deposits or cash deposits. And unlike other money market accounts, it doesn’t come with a debit or ATM card or check-writing capabilities.
  • Short customer service window. As SaveBetter oversees your account, you’ll need to contact its support team for help with your account. But you can only contact SaveBetter via email or by phone on weekdays from 9 a.m. to 4 p.m. ET.

Compare Patriot Bank High-Yield Money Market Deposit Account with other savings accounts

Use this table to compare other savings accounts by APY, monthly fees and minimum opening deposits.

Name Product Annual Percentage Yield (APY) Fee Minimum deposit to open Interest compounding Offer
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
Up to 5.00%
$0 per month or $7.99 per month for Aspiration Plus ($5.99 per month if you pay annually)
Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC.
CIT Savings Connect
Finder Rating: 5 / 5: ★★★★★
CIT Savings Connect
Earn an impressive APY on your entire balance. This straightforward online savings account has no monthly service or account opening fees.
Bread Savings™ High-Yield Savings
Finder Rating: 4.3 / 5: ★★★★★
Bread Savings™ High-Yield Savings
Earn competitive interest rates with this high-yield savings account you can open in just minutes. Member FDIC.
Axiom Bank high-yield savings account
Axiom Bank high-yield savings account
UFB Elite Savings
Finder Rating: 5 / 5: ★★★★★
UFB Elite Savings
Earn a 2.85% APY with no minimum deposit or balance amount with this no-monthly-fee savings account.

Compare up to 4 providers

How do I deposit or withdraw money?

The only way you can access your cash is by initiating ACH transfers to and from a linked bank account.

How to contact Patriot Bank about my savings account?

Since SaveBetter manages your Patriot Bank Money Market account, you’ll need to contact SaveBetter support.

  • Call 844-944-3276 weekdays from 9 a.m. to 4 p.m. ET.
  • Live chat with a rep during the week.
  • Email

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