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TAB Bank’s High-Yield Savings account offers an attractive 0.65% APY, which is one of the top competitive rates on a savings account in 2020. But customer service isn’t always available and TAB’s digital offerings leave a lot to be desired.
0.65%
APY
$0
Fee
$0
Minimum deposit to open
Review by
Michael Benninger is a personal finance writer at Finder. He is a former credit analyst and longtime freelancer whose articles have been published by Intuit, Blinkist, Business Insider and the Los Angeles Times. When he’s not writing, you can usually find him watching movies, enjoying the outdoors or boarding planes to distant destinations.
The TAB Bank High-Yield Savings account is a solid option if you’re looking for a high interest rate in today’s market. You’ll earn 0.65% and won’t need to worry about an opening deposit requirement.
But because TAB is primarily tailored for truck drivers and workers in the transportation industry, the APY and $0 opening deposit might be the only appeal for those outside the industry. For instance, truck drivers get additional deposit options if they receive checks from certain trucking payroll companies and frequent Pilot Flying J truck stops.
Apply for a high-yield savings account with TAB Bank in just six steps:
Otherwise, skip to the next step.
You need to meet the following eligibility requirements to get approved for a TAB High-Yield Savings account:
Have the following information handy when you open your account:
TAB Bank’s savings account has no monthly fee, compounds interest daily and comes with the following perks:
Although TAB Bank’s high-yield savings accounts have a lot to offer, there are also some serious drawbacks:
If you want a savings account with fewer fees and more customer service options, you’ll want to keep looking. As always, compare your options when looking for a high-yield savings account.
There are several ways to fund your TAB Bank High-Yield Savings account, but relatively few ways to withdraw money.
Aside from its high-yield savings account, TAB Bank has a few other options as far as saving is concerned: