Simple Savings

There is no minimum balance to open a Apple Bank Simple Savings account.

You don’t need to open a checking account to accompany your Apple Bank Simple Savings account.

An Apple Bank Simple Savings account may be the only account you’ll need, since you have unlimited withdrawals and debit card transactions on your account and can deposit or transfer funds into your account to build your savings.

No. Apple Bank's Simple Savings account is available to new customers who reside in New York or New Jersey.

If you are already an Apple Bank customer and your permanent address is in Connecticut, Pennsylvania or Florida, you are also able to apply online for the Simple Savings Account.

Have the following information on hand when you begin the application:

• Your personal information, including Social Security number, email address, mobile number and other personal information that will help us to identify you
• Driver's license, passport or government-issued ID¹.

Your information is safe with us. Apple Bank uses Secure Sockets Layer (SSL) technology. This means that when you’re on our website, the data transferred between Apple Bank and you is secure.

You need to make your first deposit within 30 days.

There are several ways to fund/make a deposit:

Online Transfer: Log in to your account online at applebank.com or on the Apple Bank Mobile App.¹ You can transfer money from another bank account in your name or from your Apple Bank account. To add a new account from another institution, go to Transfer and select Add External Account.

Mobile check deposit: If you haven’t already, download the Apple Bank Mobile App¹ on your phone and enroll in mobile check deposit. Then, you can deposit your checks by simply taking a picture. Make sure each check is properly endorsed with your signature and account number. Remember to write “For Mobile Deposit Only” on the back.

Apple Bank branch or ATM: Visit your nearest location to make your first deposit. Certain types of checks and money orders are not accepted at Apple Bank ATMs. For more information visit the FAQ “What checks can I deposit at an ATM?”

Mail your check: Make sure each check is properly endorsed with your signature and account number. Do not mail cash. Be sure to seal the envelope and mail it to us at:

Apple Bank
Depositor Services
1075 Central Park Avenue
Suite B09
Scarsdale, NY 10583-3242

Yes. Deposits held at Apple Bank are FDIC insured up to the maximum allowable limits.

Our specialists are available to answer your questions about your Simple Savings account application. Simply call 800-588-5871 (TDD: 800-824-0710) or email [email protected]. For your protection, when sending an email, please be careful not to include any personal or sensitive information (e.g., Social Security numbers, account numbers, account information, login credentials, etc.).

It’s simple! You will be automatically enrolled in the Simple Banking Program once you have established a Simple Checking account in addition to a Simple Savings account. Complete five qualifying credit and/or debit transactions (minimum $25 per transaction) per month, and you will be eligible to receive an interest rate that is one-quarter of one percent (0.25%) higher than the then current interest rate in effect for the Simple Savings account(s). 

Here are the full details on the qualifying transactions:

Credit Transaction: A qualifying credit transaction for purposes of this Program means a credit of $25 or more to your Simple Checking account from a direct deposit, mobile Remoted Deposit Capture (mRDC), or a transfer from an account at another financial institution (including Person-to-Person transfers (P2P), such as Zelle). Credit transactions by any other means (e.g., ATM and/or in-person branch deposits or transfers between your accounts at Apple Bank) do not qualify as a credit transaction for purposes of meeting the eligibility criteria stated above.

Debit Transaction: A qualifying debit transaction for purposes of this Program means a debit of $25 or more from your Simple Checking account and includes ACH debits, electronic bill payments, electronic funds transfers to an account at another financial institution (including Person-to-Person transfers (P2P), such as Zelle) or use of your Visa Debit Card as a method of payment for a purchase. Debit transactions by any other means (e.g., ATM and/or in-person branch withdrawals or transfers between your accounts at Apple Bank) do not qualify as debit transactions for purposes of meeting the eligibility criteria stated above.