Earn 5.02% APY, but watch out for excessive withdrawal fees.
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 5.02% and won’t need to worry about an opening deposit requirement.
But because TAB is tailored for truck drivers and workers in the transportation industry, the APY and $0 opening deposit are 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.
finder.com's rating: 3.9 / 5.0
★★★★★
TAB Bank’s High Yield Savings account offers an attractive 5.02% APY, one of the most competitive rates we’ve seen on a savings account. But customer service isn’t available 24/7 and TAB’s digital offerings leave a lot to be desired.
| Annual percentage yield (APY) | 5.02% |
| Fee | $0 |
| Minimum deposit to open | $0 |
| Minimum balance to earn interest | $0.01 |
| Interest compounding | Daily |
| Monthly transaction limit | 6 |
| Fee per transaction over the limit | $20 |
Apply for a high-yield savings account with TAB Bank in a few steps. TAB makes creating an account faster by letting you log in to your social media or by using your driver’s license details.
Otherwise, skip to the next step.
Meet these eligibility requirements to get approved for a TAB Bank High Yield Savings account.
Have the following information handy when you open your account.
TAB Bank’s savings account has solid but common features like no monthly fee, daily compounded interest and Federal Deposit Insurance Corporation (FDIC) insurance for up to $250,000. Its other benefits include:
Get an idea of how much you can earn based on how much money you add to your account.
| APY | Amount in savings | Interest earned in 12 months |
|---|---|---|
| 5.02% | $1,000 | $7.53 |
| 5.02% | $5,000 | $37.64 |
| 5.02% | $10,000 | $75.28 |
Although you can earn high interest with your TAB Bank savings account, beware of several fees and the limited customer service hours.
If you’d like to earn solid interest but need to write checks directly from your savings, you could go with TAB Bank’s Money Market Account. TAB invests your funds in low-risk and short-term securities that deliver a 0.25% APY.
As an alternative, you could go with a Quontic Bank High Yield Savings account, which offers similar APY, no monthly fees and a wide ATM network.
See which account features suit you and choose Go to site when you find the right match.
You can fund your TAB Bank High Yield Savings account in several ways, but you don’t have as many ways of withdrawing your money. For reference, TAB Bank’s routing number is 124384657.
Top up your account through one of a variety of deposit methods.
You can take money out of your account in these ways.
You can reach TAB Bank’s customer service using two main methods.
★★★★★ — 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.
TAB Bank High Yield Savings is not currently available on Finder
Have you considered UFB High Yield Savings?
Score an impressive 5.25% APY, and pay $0 in monthly fees. No minimum deposit requirement. FDIC insured.
Kimberly Finder
Writer
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