Believe Savings Account Review
Believe Savings isn't available on Finder right now.
- Annual Percentage Yield (APY)
-
3.55%
- Fee
- $0
- Minimum deposit to open
- $100
Our verdict
A savings account that donates cash to a charity of your choice.
If you want to grow your money while supporting causes you care about, the Believe Savings account is definitely worth checking out. Believe Savings is a division of Regent Bank, a community bank based in Oklahoma. It offers a high-yield savings account that not only earns you a pretty competitive interest rate of 3.55%, but it also donates 0.10% APY of your average balance to a 501(c)(3) charity of your choice. However, Believe Savings doesn’t offer a full suite of banking products, like checking accounts or credit cards, so you may need to keep your everyday banking elsewhere.
Best for: Savers who want to support charities while earning competitive interest on their balance.
Pros
-
High 3.55% APY
-
No monthly fees
-
Donates 0.10% APY to chosen nonprofit
-
Simple online account opening
Cons
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No checking accounts
-
Online only
Who is Believe Savings best for?
The Believe Savings account is best for people who want to earn a solid return on their savings and give back to causes they believe in.
Since it’s online-only, it makes more sense for those who are comfortable doing their banking digitally and don’t mind keeping a checking account somewhere else.
What we like about Believe Savings
What we like most about Believe Savings is that not only does it offer strong APY and fee-free savings, but it also gives you the satisfaction of knowing your balance is quietly supporting a cause you choose.
FDIC insurance through Regent Bank
As part of Regent Bank, your deposits are FDIC insured up to $250,000. This coverage gives you the same level of protection you’d expect from any traditional bank.
High APY
Believe’s 3.55% savings rate is competitive with other online banks and much higher than what you’d earn at traditional brick-and-mortar banks. The rate is also much higher than the national average, which is just 0.39%.(1)
Charitable giving
When you open a Believe Savings account, you can choose a charity from a list or provide the necessary information for your preferred 501(c)(3), a nonprofit organization. Some nonprofit organizations include the American Red Cross, Feeding America and the American Heart Association.
Each quarter, Believe donates 0.10% APY of your average balance to the organization you select. In 2025, Believe aims to donate $250,000 to nonprofits that align with its customers’ passions and purpose.
No monthly fees or balance requirements
Many banks charge maintenance fees or require minimum balances to avoid penalties, but Believe doesn’t have any monthly fees and no ongoing balance requirements. However, accounts with a $0 balance for 90 days will be automatically closed.
Digital-first access
You can open and manage your account completely online, which makes it convenient if you prefer digital banking. Though Believe doesn’t yet have a mobile app, you can access your account on your computer, smartphone or mobile device on its site.
What could be better
Unlike larger banks or even some online competitors like Ally or SoFi®, Believe doesn’t offer checking accounts, credit cards or loans. That means you’ll likely need to keep another banking relationship for everyday spending and payments.
Also, note that Believe is an online-only product. If you prefer visiting a local branch or speaking with a banker in person, this account may feel limited compared to community banks or credit unions.
Compare Believe Savings to other top savings accounts
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How we picked theseWhat is the Finder Score?
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.
Customer reviews and ratings
| BBB accredited | No |
|---|---|
| BBB rating | A+ |
| Customer reviews verified as of | 21 October 2025 |
Because Believe Savings is relatively new — it officially launched in September 2024 — there isn’t much customer feedback available online yet. The Better Business Bureau (BBB) lists Regent Bank, Believe’s parent company, with an A+ rating, but there aren’t any reviews or complaints. Regent Bank also doesn’t have a Trustpilot profile.
Since reviews are pretty limited, you’ll want to perform your own due diligence before opening an account. Make sure to reach out directly to Believe with questions and compare the account’s features with other high-yield savings products on the market.
Frequently asked questions
Sources
Your reviews
Jamela Finder
Contributor
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