Pibank Savings

5.50% APY*

  • No fees
  • No minimum balance
  • FDIC Insured

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

Start earning interest from the very first penny ($0.01) in your Pibank Savings Account

* 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. 

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.

    Note: Pibank’s Biometric Customer Identity Verification (BCIV) uses the AuthID biometric authentication facial recognition system to verify the identity of the individual. This is becoming more commonly used in the industry as it is more secured and efficient especially with online activity. Based on the results of the match, this could result in the denial of the Pibank account opening. It is Pibank Policy not to reactivate the account opening application process or to give the specifics of the denial reason unless the reason is due to adverse information from a Chexsystems related report.

  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?

Pibank Savings is exclusively for saving. With your Pibank Savings account, you can transfer money via wire transfers.
Pibank does not charge fees for wire transfers, but your bank sending or receiving funds may charge fees for outgoing and incoming wire transfers.
Please note that 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 (1) 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 promptly close your Pibank Savings.

What is the interest rate on Pibank Savings?

For the latest interest rates, visit our Pibank 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)