Featured
High-Yield Savings
Top-tier APY, no minimums.
4.00% APY · $0 minimum · $0 monthly fees
- Variable APY paid monthly
- $0 minimum to open
- No monthly maintenance fees
- FDIC insured up to $250,000
No-Fee Pick
Always Bank High-Yield Savings Review: A clean online savings account at a top-tier APY.
Always Bank delivers a competitive 4.00% APY on its high-yield savings account, with no monthly fees and no minimum balance to keep it open.
PickYourBank Rating
9.1/ 10
Excellent
9.1
Overall
9.4
APY
9.6
Fees
9.0
App
9.1
Service
4.00%
APY
$0
Minimum
$0
Monthly fees
$250K
FDIC coverage
What is Always Bank?
Online-first savings with a clean, fee-free model.
Always Bank is an FDIC-insured digital bank focused on no-fee, high-yield deposit products built for online-savvy savers.
It's the type of account you set up once, link to your main checking, and let interest compound — no branches, no overdraft games, no minimums to chase.
Founded
—
HQ
U.S.
Charter
FDIC-insured
Reach
Nationwide
FDIC insured
Up to $250K per depositor, per ownership category
Bank-grade security
256-bit encryption + multi-factor login
Top-rated mobile app
Deposit checks, transfer, freeze your card instantly
Competitive APY
Designed to keep up with the highest online rates
The Always Bank lineup
Built around what matters most.
Here's what Always Bank offers and who each product is best for.
The honest verdict
Pros & cons — no spin
What we love
- Top-of-market 4.00% APY
- No fees, no minimums, no gotchas
- Quick online application
- FDIC insured up to $250K
Worth knowing
- Brand awareness is lower than incumbents
- Online-only — no branches or ATMs
- Limited product lineup (savings only)
Getting started
Open a Always Bank account in under 5 minutes
Step 1
Apply online
Takes about 5 minutes — no hard credit pull for deposit accounts.
Step 2
Verify identity
Standard ID verification, usually instant.
Step 3
Fund your account
Link an existing bank or transfer any amount via ACH.
Step 4
Start earning
Interest compounds and posts every month — no minimums to keep.
Always Bank FAQ
Common questions, clear answers
Is Always Bank a safe bank?
Yes. Always Bank is FDIC-insured (directly or through partner banks), with deposits insured up to $250,000 per depositor, per ownership category.
Are there monthly fees?
No monthly maintenance fees on the core account. Standard third-party fees may apply for things like out-of-network ATMs or wire transfers.
Is there a minimum deposit?
No. You can open the account with any amount and there's no minimum balance required to keep it open.
How do I move money in?
Link an external bank to ACH transfer in, set up direct deposit, mobile-deposit a check, or do a wire transfer.
Can I close anytime?
Yes. You can close the account at any time with no penalty. Move your balance via ACH or wire to your new bank.
A clean way to chase a top APY
Always Bank does one thing — high-yield savings — and does it without monthly fees or minimums. Easy choice for set-and-forget savers.
Advertiser disclosure: PickYourBank.com may receive compensation when you open an account through our links. This never influences our ratings or recommendations.
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Morning Sarah ☀️ Your Chase savings is still at 0.01% — want me to find better?
Yes please, no fees though 🙏
Got you. Based on your $12k balance, you'd earn +$580/yr switching to Marcus at 4.85% APY ✨