NY Bank Business Savings Account | Savings Rates

	Business Savings Business Savings Account Details
Minimum to open	$100
Minimum daily balance	$1,000 to avoid monthly maintenance fee
Checking account required	No
Minimum to earn interest	$1,000
Tiered interest rates	Yes
Monthly maintenance fee	$8 if minimum daily balance is under $1,000
Apple Bank Visa^® Business Debit Card	Yes View Business Debit Card
Business Online Banking	Yes View Business Online Banking
Mobile Banking App	Yes View Mobile Banking App

Welcome to Apple Bank

Choose the Simple Checking Account or Simple Checking and Simple Savings Accounts.

Simple Checking & Simple Savings Accounts

Enjoy preferred rates and no fees with the Simple Banking Program¹.

Earn up to 3.55% APY²
No monthly maintenance fees
No ATM fees³ — ever!
Earn 1.01% APY² on checking balance

Simple Checking Account Only

Unlimited, FREE ATM transactions worldwide³
No monthly maintenance fees
Earn 1.01%% APY² on checking balance

¹When you open a Simple Checking and Simple Savings account, you'll be enrolled in the Simple Banking Program. As part of this program, for each month that you make any combination of five qualifying debit or credit transactions of $25 or more per month from your Apple Bank Simple Checking Account, you’ll earn a preferred interest rate that is 0.50% higher than the current interest rate in effect for the Apple Bank Simple Savings Account.

²Annual Percentage Yields (APYs) disclosed are effective as of June 1, 2026 for the Simple Checking account and may be changed by the Bank at any time, including after account opening. Interest is earned on daily balances of $1.00 or more at 1.00% interest rate and 1.01% APY. A $100.00 minimum deposit is required to open the Simple Checking account. You must maintain a minimum daily balance of $1.00 in your account each day to earn the stated APY. There is no minimum daily balance requirement to maintain the account and no monthly maintenance fee regardless of account balance.

Annual Percentage Yield (APYs) disclosed are effective as of June 1, 2026 for Simple Savings account and may be changed by the Bank at any time, including after account opening. Interest is earned on daily balances of $1.00 or more at the following tiers: $1.00 - $49,999.99: 2.98% interest rate and 3.03% APY; $50,000.00 - $249,999.99: 2.98% interest rate and 3.03% APY; $250,000.00 - $999,999.99: 2.98% interest rate and 3.03% APY; $1,000,000.00 or more: 2.98% interest rate and 3.03% APY. Rates do not reflect the Simple Banking Program preferred interest rates and APYs. A $100.00 minimum deposit is required to open the Simple Savings account. You must maintain a minimum daily balance of $1.00 in your account each day to earn the stated APY. There is no minimum daily balance requirement to maintain the account or monthly maintenance fee. Not available for retirement accounts.

³There are no fees when using non-Apple Bank domestic and international ATMs, and Apple Bank will reimburse all surcharges imposed by the ATM owner/operator during each statement cycle period

Are you a new customer of Apple Bank or an existing customer?

New to Apple Bank

Existing Customer

Thank you for your interest.

This account is only available in select states. What state do you live in?

Are you enrolled in Online Banking?

Yes

No

Please enroll in Online Banking

We'll pre-fill part of the application for a faster experience. Once enrolled, return to applebank.com to complete the application process.

Welcome to Apple Bank

What accounts would you like to open?

Simple Savings & Simple Checking Accounts

Enjoy preferred rates and no fees with the Simple Banking Program¹.

Earn up to 3.55% APY²
No monthly maintenance fees
No ATM fees³ — ever!
Earn 1.01% APY² on checking balance

Simple Savings Account

Enjoy a great rate and no fees.

Earn 3.03% APY²
No monthly maintenance fees
Free and unlimited ATM transactions³

¹When you open a Simple Checking and Simple Savings account, you'll be enrolled in the Simple Banking Program. As part of this program, for each month that you make any combination of five qualifying debit or credit transactions of $25 or more per month from your Apple Bank Simple Checking Account, you’ll earn a preferred interest rate that is 0.50% higher than the current interest rate in effect for the Apple Bank Simple Savings Account.

²Annual Percentage Yields (APYs) disclosed are effective as of June 1, 2026 for the Simple Checking account and may be changed by the Bank at any time, including after account opening. Interest is earned on daily balances of $1.00 or more at 1.00% interest rate and 1.01% APY. A $100.00 minimum deposit is required to open the Simple Checking account. You must maintain a minimum daily balance of $1.00 in your account each day to earn the stated APY. There is no minimum daily balance requirement to maintain the account and no monthly maintenance fee regardless of account balance.

Annual Percentage Yield (APYs) disclosed are effective as of June 1, 2026 for Simple Savings account and may be changed by the Bank at any time, including after account opening. Interest is earned on daily balances of $1.00 or more at the following tiers: $1.00 - $49,999.99: 2.98% interest rate and 3.03% APY; $50,000.00 - $249,999.99: 2.98% interest rate and 3.03% APY; $250,000.00 - $999,999.99: 2.98% interest rate and 3.03% APY; $1,000,000.00 or more: 2.98% interest rate and 3.03% APY. Rates do not reflect the Simple Banking Program preferred interest rates and APYs. A $100.00 minimum deposit is required to open the Simple Savings account. You must maintain a minimum daily balance of $1.00 in your account each day to earn the stated APY. There is no minimum daily balance requirement to maintain the account or monthly maintenance fee. Not available for retirement accounts.

³There are no fees when using non-Apple Bank domestic and international ATMs, and Apple Bank will reimburse all surcharges imposed by the ATM owner/operator during each statement cycle period

Are you a new customer of Apple Bank or an existing customer?

New to Apple Bank

Existing Customer

Thank you for your interest.

This account is only available in select states. What state do you live in?

Are you enrolled in Online Banking?

Yes

No

Please enroll in Online Banking

We'll pre-fill part of the application for a faster experience. Once enrolled, return to applebank.com to complete the application process.

Are you a new customer of Apple Bank or an existing customer?

New to Apple Bank

Existing Customer

Thank you for your interest.

This account is only available in select states. What state do you live in?

Are you enrolled in Online Banking?

Yes

No

Please enroll in Online Banking

We'll pre-fill part of the application for a faster experience. Once enrolled, return to applebank.com to complete the application process.

Welcome to Apple Bank

Choose the SmartStart Banking Account or SmartStart Banking & SmartStart Savings Accounts.

SmartStart Banking & Savings

Open a fee-free bank account and a high-yield savings account for teens 13-17.

Earn 5.00% APY¹ on savings balances from $1.01 to $10,000
Pay no monthly maintenance fees
Get a fee-free Visa^® Debit Card^®2
$0 ATM fees—worldwide³
Set up separate accounts for saving and spending

SmartStart Banking

Open a fee-free bank account for teens 13-17.

Pay no monthly maintenance fees
Get a fee-free Visa^® Debit Card^®2
$0 ATM fees—worldwide³

The Apple Bank SmartStart Savings account is available to minors and young adults ages 6 through 25. Accountholders must be able to write their name and provide one form of identification, such as a birth certificate or school photo ID. The Apple Bank SmartStart Savings account is available to minors ages 6 through 17 with a parent or guardian as a joint owner. A parent or guardian may also open the Apple Bank SmartStart Savings accounts as a Uniform Transfers to Minors Act account(UTMA) for minors and young adults up to 21 years of age. There is no minimum daily balance requirement to maintain the account and no monthly maintenance fee regardless of account balance.

The Apple Bank SmartStart Banking account is available to teens and young adults ages 13 through 25. Minors ages 13 through 17 must have a parent or guardian as a joint accountholder on the account. The Apple Bank SmartStart Banking account requires a $100.00 minimum deposit to open an account. There is no minimum daily balance requirement to maintain this account or monthly maintenance fee regardless of account balance.

¹ Annual Percentage Yield (APY) disclosed is effective as of June 1, 2026, and may be changed by the Bank at any time, including after account opening. This is a tiered rate account. Minimum daily balance to earn interest is $1.01. Tier 1 – An interest rate of 4.88% will be paid on the entire portion of your daily balance up to, but not exceeding, $10,000.00. The APY for this tier is 5.00%. Tier 2 – An interest rate of 0.75% will be paid only for that portion of your daily balance that is above $10,000.00. The APY for this tier will range from 5.00% to 2.87%, depending on the balance in the account. APY range computation is based on an assumed account balance of $20,000.00. If your balance exceeds $10,000.00, a blended rate will be used to reflect the APY on your account statement and will be based on the number of days in your statement cycle. The blended APY decreases as your account balance increases above $10,000.00. There is a $1.00 minimum deposit to open the account. A limit of one Apple Bank SmartStart Savings account applies per child.

²Account holders ages 13 through 17 are eligible to request an Apple Bank Visa^® Debit Card for this account where the account is joint with a parent or guardian. Accountholders 18 years and older may request a debit card without a parent or guardian.

³There are no fees when using non-Apple Bank ATMs, and Apple Bank will reimburse all surcharges imposed by the ATM owner/operator during each monthly statement cycle period. There are no fees for domestic and international Point-of-Sale Transactions when using an Apple Bank Visa^®Debit Card.

Are you a new customer of Apple Bank or an existing customer?

New to Apple Bank

Existing Customer

Thank you for your interest.

This account is only available in select states. What state do you live in?

Are you enrolled in Online Banking?

Yes

No

Please enroll in Online Banking

We'll pre-fill part of the application for a faster experience. Once enrolled, return to applebank.com to complete the application process.

Welcome to Apple Bank

Choose the SmartStart Banking Account or SmartStart Banking & SmartStart Savings Accounts.

SmartStart Banking & Savings

Open a fee-free bank account and a high-yield savings account for young adults 18-25.

Earn 5.00% APY¹ on savings balances from $1.01 to $10,000
Pay no monthly maintenance fees
Get a fee-free Visa^® Debit Card^®2
$0 ATM fees—worldwide³
No fees on international debit card purchases
Free budgeting tools and financial insights
Set up separate accounts for saving and spending

SmartStart Banking

Open a fee-free bank account for young adults 18-25.

Pay no monthly maintenance fees
Get a fee-free Visa^® Debit Card^®2
$0 ATM fees—worldwide³
No fees on international debit card purchases
Free budgeting tools and financial insights

The Apple Bank SmartStart Banking account is available to teens and young adults ages 13 through 25. The Apple Bank SmartStart Banking account requires a $100.00 minimum deposit to open an account. There is no minimum daily balance requirement to maintain this account or monthly maintenance fee regardless of account balance.

The Apple Bank SmartStart Savings account is available to minors and young adults ages 6 through 25. There is no minimum daily balance requirement to maintain the account and no monthly maintenance fee regardless of account balance.

¹ Annual Percentage Yield (APY) disclosed is effective as of June 1, 2026, and may be changed by the Bank at any time, including after account opening. This is a tiered rate account. Minimum daily balance to earn interest is $1.01. Tier 1 – An interest rate of 4.88% will be paid on the entire portion of your daily balance up to, but not exceeding, $10,000.00. The APY for this tier is 5.00%. Tier 2 – An interest rate of 0.75% will be paid only for that portion of your daily balance that is above $10,000.00. The APY for this tier will range from 5.00% to 2.87%, depending on the balance in the account. APY range computation is based on an assumed account balance of $20,000.00. If your balance exceeds $10,000.00, a blended rate will be used to reflect the APY on your account statement and will be based on the number of days in your statement cycle. The blended APY decreases as your account balance increases above $10,000.00. There is a $1.00 minimum deposit to open the account. A limit of one Apple Bank SmartStart Savings account applies per child.

²Account holders ages 13 through 17 are eligible to request an Apple Bank Visa^® Debit Card for this account where the account is joint with a parent or guardian. Accountholders 18 years and older may request a debit card without a parent or guardian.

³ There are no fees when using non-Apple Bank ATMs, and Apple Bank will reimburse all surcharges imposed by the ATM owner/operator during each monthly statement cycle period. There are no fees for domestic and international Point-of-Sale Transactions when using an Apple Bank Visa^® Debit Card.

Are you a new customer of Apple Bank or an existing customer?

New to Apple Bank

Existing Customer

Thank you for your interest.

This account is only available in select states. What state do you live in?

Are you enrolled in Online Banking?

Yes

No

Please enroll in Online Banking

We'll pre-fill part of the application for a faster experience. Once enrolled, return to applebank.com to complete the application process.

How would you like to open your SmartStart Savings Account?

Joint Savings

You can open an account online for teens 13-17 or in a branch for kids 6-17.

Custodial Account

For kids 0-21, you may open an account online or visit a branch.

Are you a new customer of Apple Bank or an existing customer?

New to Apple Bank

Existing Customer

Thank you for your interest.

This account is only available in select states. What state do you live in?

Are you enrolled in Online Banking?

Yes

No

Please enroll in Online Banking

We'll pre-fill part of the application for a faster experience. Once enrolled, return to applebank.com to complete the application process.

Welcome to Apple Bank

Choose the SmartStart Savings Account or SmartStart Savings & SmartStart Banking Accounts.

SmartStart Savings & Banking

Open a high-yield savings account and a fee-free bank account for young adults 18-25.

Earn 5.00% APY¹ on savings balances from $1.01 to $10,000
Pay no monthly maintenance fees
Get a fee-free Visa^® Debit Card^®2
$0 ATM fees—worldwide³
No fees on international debit card purchases
Free budgeting tools and financial insights
Set up separate accounts for saving and spending

SmartStart Savings

Open a high-yield savings account for young adults 18-25.

Earn 5.00% APY¹ on savings balances from $1.01 to $10,000
Pay no monthly maintenance fees
Get a fee-free Visa^® Debit Card^®2
$0 ATM fees—worldwide³
No fees on international debit card purchases
Free budgeting tools and financial insights

The Apple Bank SmartStart Savings account is available to minors and young adults ages 6 through 25. There is no minimum daily balance requirement to maintain the account and no monthly maintenance fee regardless of account balance.

The Apple Bank SmartStart Banking account is available to teens and young adults ages 13 through 25. The Apple Bank SmartStart Banking account requires a $100.00 minimum deposit to open an account. There is no minimum daily balance requirement to maintain this account or monthly maintenance fee regardless of account balance.

¹ Annual Percentage Yield (APY) disclosed is effective as of June 1, 2026, and may be changed by the Bank at any time, including after account opening. This is a tiered rate account. Minimum daily balance to earn interest is $1.01. Tier 1 – An interest rate of 4.88% will be paid on the entire portion of your daily balance up to, but not exceeding, $10,000.00. The APY for this tier is 5.00%. Tier 2 – An interest rate of 0.75% will be paid only for that portion of your daily balance that is above $10,000.00. The APY for this tier will range from 5.00% to 2.87%, depending on the balance in the account. APY range computation is based on an assumed account balance of $20,000.00. If your balance exceeds $10,000.00, a blended rate will be used to reflect the APY on your account statement and will be based on the number of days in your statement cycle. The blended APY decreases as your account balance increases above $10,000.00. There is a $1.00 minimum deposit to open the account. A limit of one Apple Bank SmartStart Savings account applies per child.

²Account holders ages 13 through 17 are eligible to request an Apple Bank Visa^® Debit Card for this account where the account is joint with a parent or guardian. Accountholders 18 years and older may request a debit card without a parent or guardian.

³ There are no fees when using non-Apple Bank ATMs, and Apple Bank will reimburse all surcharges imposed by the ATM owner/operator during each monthly statement cycle period. There are no fees for domestic and international Point-of-Sale Transactions when using an Apple Bank Visa^® Debit Card.

Are you a new customer of Apple Bank or an existing customer?

New to Apple Bank

Existing Customer

Thank you for your interest.

This account is only available in select states. What state do you live in?

Are you enrolled in Online Banking?

Yes

No

Please enroll in Online Banking

We'll pre-fill part of the application for a faster experience. Once enrolled, return to applebank.com to complete the application process.

Are you a new customer of Apple Bank or an existing customer?

New to Apple Bank

Existing Customer

Thank you for your interest.

This account is only available in select states. What state do you live in?

Are you enrolled in Online Banking?

Yes

No

Please enroll in Online Banking

We'll pre-fill part of the application for a faster experience. Once enrolled, return to applebank.com to complete the application process.

Business Savings

When it comes to saving for your business needs, you want choice.

Save your way with our business savings account:

Simple Checking & Simple Savings Accounts

Simple Checking Account Only