Pibank Savings Review

What we like about Pibank Savings

What we like about Pibank Savings is that it’s a pretty no-frills account. You don’t have to worry about monthly fees, minimum opening deposit, balance requirements or confusing APY tier structures.

Plus, your deposits are FDIC insured up to $250,000, so your hard-earned cash will be protected in the unlikely event that the bank goes out of business.

High APY

With a 4.6% APY, Pibank offers one of the most competitive rates in the country. You can start earning interest with as little as $0.01, and there’s no balance cap to receive the full advertised rate. There’s also a simple calculator on Pibank’s website that helps you figure out how much interest you could earn based on how much you plan to deposit into the account.

Where it falls short

One downside to consider before signing up for a savings account at Pibank is that it doesn’t have any physical branch locations. Pibank operates entirely through its online and mobile banking platforms, which means you won’t be able to visit a Pibank branch in person. If you’re not comfortable with digital banking, you may want to look elsewhere.

Another thing to note is that Pibank’s customer support is only available from 8 a.m. to 8 p.m. ET. If you need help outside of those hours, you may be out of luck.

And while Pibank doesn’t charge fees for wire transfers, your own bank might. So, if you plan to move money in and out of your savings account via wire transfer, check with your bank to see if it tacks on any fees.

Compare top savings accounts

Narrow down top savings accounts by rates, fees and features. To see accounts side by side, tick the Compare box.

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Finder Score	Account type	Annual Percentage Yield (APY)	FDIC or NCUA insured amount	Minimum balance to earn APY	Minimum deposit to open	Rebate
Promoted Finder score 8.6 Great Synchrony High Yield Savings	Finder score 8.6 Great	Traditional savings,Custodial account	3.65%	Up to $250,000	$0	$0		Go to site More info Compare product selection Compare	loading
Promoted Finder score 9.2 Excellent Public High-Yield Cash Account	Finder score 9.2 Excellent	Cash management account	3.60%	Up to $250,000	$0	$0		Go to site More info Compare product selection Compare	loading
Promoted Finder score 9.4 Excellent Wealthfront Cash Account	Finder score 9.4 Excellent	Cash management account	3.50%	Up to $8M FDIC insurance	$1	$1	New clients earn 4.15% APY. Boost your APY from 3.50% to 4.15% APY for 3 months when you open and fund a Cash Account. T&Cs apply.		Go to site More info Compare product selection Compare	loading
Finder score 9.2 Excellent SoFi Checking and Savings	Finder score 9.2 Excellent	Traditional savings,Checking	Up to 3.60%	Up to $250,000	$0	$0	Earn up to 4.30% APY on savings and $50 or $300 with direct deposit. Open a new SoFi Checking and Savings account by 31 January 2026, set up eligible direct deposit within 60 days, and maintain direct deposit for six months. T&Cs apply.		Go to site More info Compare product selection Compare	loading
Finder score 8.6 Great Alliant High-Rate Savings	Finder score 8.6 Great	Savings app	3.10%	Up to $250,000 by the NCUA	$100	$5	$5 opening deposit is paid for you. T&Cs apply.		Go to site More info Compare product selection Compare	loading
Finder score 9.6 Excellent Discover® Online Savings Account	Finder score 9.6 Excellent	Traditional savings,Custodial account	3.40%	Up to $250,000	$0	$0		Continue More info Compare product selection Compare	loading

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How we picked these

What 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.

Read the full breakdown

Customer reviews

Pibank, which is a brand of Intercredit Bank, hasn’t received an individual rating from the Better Business Bureau (BBB) yet. However, the BBB did give Intercredit Bank a great rating, which means the BBB believes the bank responds to complaints and issues promptly. Intercredit Bank only has one review on BBB’s website, where the customer complained about the bank’s discriminatory application approval process. That said, a single review isn’t enough to draw firm conclusions.

Frequently asked questions

Does Pibank offer CDs

No. Pibank only offers a high-yield savings account at the moment. If you’re looking for a CD, check out other online banks or traditional financial institutions.

How secure is Pibank?

Pibank maintains “stringent, industry-standard administrative, technical and physical safeguards to protect your information,” according to its website. It also uses multi-factor authentication to protect access to your account through the Pibank App.