Pibank Savings

5.50% APY*

  • No fees
  • No minimum balance
  • FDIC Insured
  • Access your money anytime

Open Now

* Annual Percentage Yield (APY) is subject to change at any time without notice. Offer valid as of 08/12/2024. There is no minimum balance to open and maintain the 5.50% APY, and no fees related to this account. Advertised rate is subject to change without notice after account is opened. Pibank products and services are subject to applicable terms and conditions, Disclosures & Schedule of Fees, and application requirements. 

Banking, as easy as pie
Open a Pibank Savings

Earn interest from your first $1 deposit in your Pibank Savings.

* Annual Percentage Yield (APY) is subject to change at any time without notice. Offer valid as of 08/12/2024. There is no minimum balance to open and maintain the 5.50% APY, and no fees related to this account. Advertised rate is subject to change without notice after account is opened. Pibank products and services are subject to applicable terms and conditions, Disclosures & Schedule of Fees, and application requirements. 

Manage your Pibank Savings deposits and transfers from your mobile device.

The Pibank Savings has no fees and no minimum balance penalties, making managing your finances and savings easier.

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CALCULATE YOUR INTEREST

Calculate the interest
earned on savings

To calculate the interest earned on savings, enter the monthly balance you expect to have in your Pibank Savings here.


Calculate your interest
  • Initial deposit:
  • Interest earned:
  • Total savings:
Open a Pibank Savings Calculate new balance

Note: This tool and related information is provided for general and educational purposes only; it is not intended to provide legal, tax, or investment advice. This calculation is only an estimation based on interest earned within a 12 month (365 days) period. Pibank® is a brand of Intercredit Bank, N.A. At our discretion, we may change the interest rate and the annual percentage yield on the account at any time. All deposit products are provided and issued by Intercredit Bank, N.A., Member FDIC.

Calculation blocks

Open your Pibank Savings in 3 simple steps

How to open your Pibank Savings

Watch the following short video and learn how easy it is to open your Pibank Savings.

Pibank Savings

FAQs

What is the Pibank Savings?

The Pibank Savings is designed for saving: Its super-competitive rates and lack of fees makes it the ideal place for your money to grow. And, of course, it’s FDIC-insured.

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How can I open a Pibank Savings?

Opening your Pibank Savings is as easy as pie, you just need to follow these steps:

  1. Go to the “Become a Client” on the website ( you can do it in your mobile device or computer).
  2. You will be required to have a valid driver’s license, state-issued ID, or US issued passport on-hand and ensure you have good lighting conditions in order to scan the required documents.
  3. Download the Pibank App on your phone.

It’s that simple to start your Pibank Savings.

What are the requirements for opening a Pibank Savings?

At Pibank, you only need the following:

  • You must be 18 years or older.
  • Have a valid Social Security Number.
  • Reside in the USA.
  • Have a valid driver’s license, state-issued ID or US issued passport (for US citizen).

How are the interests of my Pibank Savings accrued and credited?

The interests on your Pibank Savings are accrued on a daily basis. You’ll see the earnings reflected in your Pibank Savings on the first day after the closure of the statement cycle.

What type of transactions can I make with my Pibank Savings?oldversion9.6.24

Pibank Savings is exclusively for saving. With your Pibank Savings, you can easily perform wire transfers, ACH (Automated Clearing House) transactions, and Plaid-enabled transactions. These options provide you with flexibility and convenience for managing your savings. Please note that the Pibank Savings does not support payments through Bill Pay or Zelle®.

I already have a single holder Pibank Savings. Can I have another Pibank Savings with a joint holder?

Currently, you can only have one Pibank Savings, either single or joint.

How can I close my Pibank Savings?

We would hate to see you go, but if you decide to do so, you can close it through the Pibank App. Just keep in mind that your Pibank Savings should have zero balance ($0) before requesting closure. Once your request is approved, our team will close your Pibank Savings.

What is the interest rate on Pibank Savings?

For the latest rate, visit our Savings page. Rates may change at any time without notice.

What features does Pibank Savings include?

You will enjoy:

  • No fees
  • No minimum balance
  • Personalized customer service
  • FDIC insurance of $250K per signer (e.g. $500K for two signers)