Apple Bank Simple Savings

With our online savings account, you can earn:

  • 3.50% APY* on balances up to $50,000

  • 4.30% APY* on balances of $50,000 or more

 

Simple Savings

Simple Savings Goals Banner

Your saving goals start here

Apple Bank is with you for your entire savings journey — we help you learn, plan and reach those exciting milestones. With an online Apple Bank Simple Savings account at a great 3.50% APY*, you can save confidently, because our tools are built for your success.

  • Save towards your goals, from wish list purchases to larger goals, like your new home
  • Build a safety net to prepare for the unexpected
  • Access your money anytime when priorities change

3.50%

APY*

 

Our competitive rate will help you start growing your savings today!

 

Top features of your Apple Bank Simple Savings Account

No monthly
maintenance fees

Convenient automatic
transfers

Free non-Apple Bank
ATM transactions**

7x national average
interest rate***



Calculate your savings2

We help you plan ahead. Use our savings calculator to see how much you could earn in your online savings account.

Open Calculator Tool ˇ

Close Calculator Tool ˆ


Let your money work for you

We compound interest daily, so you can earn interest on both your deposits and on the interest that your money earns.

Save small, see big benefits

Save $2 a day, as much as a cup of coffee, and you’ll have over $2,000 in the bank after three years.


Start saving in three easy steps

 

1. Apply

It’s convenient and easy to apply online – no need to visit a branch. We have specialists available to help you through the process. Please call us at 800-588-5871 (TDD: 800-824-0710).

2. Confirm your identity

We’ll need some personal information to get started. Rest assured that your application and information are secure.

3. Make your first deposit

The sooner you fund your account, the sooner you’ll start earning interest. Be sure to enroll in digital banking, so you can easily make a mobile deposit or transfer funds from your account at another financial institution.

Here, you're more than just an account number.

Whether you prefer online, mobile or in-person banking, we’re here to support you. With online budgeting tools and a variety of account options, we want to empower you to make smarter financial decisions that help you reach your goals.

See what else Apple Bank has to offer to help you savespend, and borrow.

 

 
 

*Annual Percentage Yields (APYs) disclosed are effective as of March 18, 2024 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: 3.44% interest rate and 3.50% APY, $50,000.00 - $249,999.99: 4.21% interest rate and 4.30% APY, $250,000.00 - $999,999.99: 4.21% interest rate and 4.30% APY, $1,000,000.00 or more: 4.21% interest rate and 4.30% APY. There is no minimum deposit amount required to open or maintain this account. Not available for retirement accounts. 

**There is no fee for using your Apple Bank Visa Debit Card to make cash withdrawals at domestic non-Apple Bank ATMs or international ATMs. A 2% surcharge will be applied to foreign transactions. In addition, Apple Bank will reimburse up to 4 ATM surcharge fees charged by the ATM owner/operator during each statement cycle period. 

***National Average is based on the APY average for savings accounts with a minimum balance of at least $2,500.00 as reflected in the FDIC’s published National Rates and Rate Caps for savings deposit products, accurate as of February 20, 2024. See the FDIC website for more information.

1You will be automatically enrolled in the Simple Banking Program once you have established a Simple Checking account (anchor account) in addition to your existing Simple Savings account (benefit account). Customers meeting the monthly transaction requirements will be eligible to receive a rate that is one-quarter of one percent (0.25%) higher (preferred rate) than the then current interest rate in effect for the Simple Savings Account(s). The Primary owner of the Simple Checking account must be with a Primary or Secondary owner of the Simple Savings Account (benefit account) and complete five (5) qualifying credit and/or debit transactions (minimum $25.00 per transaction) per month for the account to be eligible to receive the preferred interest rate. If you do not meet the qualification requirements in any monthly evaluation period, the preferred interest rate will be reduced to the then current Simple Savings interest rate in effect on the day after evaluation date. The Simple Banking Program allows for one (1) Simple Checking account which may be linked to multiple Simple Savings accounts for the purpose of receiving the preferred interest rate when the required activity in your Simple Checking account is met.

2This calculator is intended for informational purposes only and is not intended to provide today's actual rates. Your actual results may vary. Results provided by this calculator are intended for Illustrative purposes only, and the accuracy is not guaranteed. This calculator does not assure the availability of, or your eligibility for, any specific product offered by Apple Bank, nor does the calculator predict or guarantee the actual rate.

You are viewing a third-party created calculator. Apple Bank assumes no responsibility for, nor does it control, endorse or guarantee any aspect of your use of this calculator.

Calculator Definitions

All calculations received by using the calculator tools on this page are estimates only.

Starting amount

The starting balance or current amount you have saved.

Years to save

The total number years you are planning to save.

Compound Interest

Compound interest is the interest on a deposit calculated based on both the initial principal and the accumulated interest from previous periods. It can be thought of as "interest on interest”. This calculator allows you to choose the frequency with which you add, or anticipate you will add, savings to your account. The more frequently this occurs, the sooner your accumulated earnings will generate additional earnings. The interest on a Simple Savings account is compounded daily.

Additional contributions

The amount you plan to add to your savings each period. This calculator assumes that you make your contributions at the beginning of each period.

Frequency of contributions

How often you make contributions to your account. This calculator gives options of weekly, bi-weekly, monthly, quarterly and annually. This calculator assumes that you make your contributions at the beginning of each period.
 

 

Top features

Secure, 24/7 access to your account

Online or on your phone any time with in-branch support on stand-by.

Convenient automatic transfers

Set up once, and see recurring deposits grow your savings.

Debit card access

Life is full of surprises. Take out your money whenever you need it.

No monthly maintenance fees

With no monthly maintenance fees to keep track of, you can focus on saving.

Free non-Apple Bank ATM transactions**

Every month, get reimbursements of up to four non-Apple Bank ATM terminal operator surcharges.

7x national average interest rate***

Grow your savings at one of our most competitive rates.

FDIC icon

We're FDIC-insured

Your money is secure with the backing of the U.S. government up to current FDIC insurance limits.


Online saving anywhere you go

Simple Savings on Mobile device
  • See your savings, investments, spending, and debts all in one place online

    Learn how you can use our Personal Financial Management tool to see all your accounts in one place.

  • Easily transfer money

    Move money when you need to between Apple Bank accounts or another financial institution. See our FAQ for more information.

  • Deposit checks by simply snapping a photo

    No need to visit a branch to deposit checks — add funds to your account with convenient mobile remote deposit.

  • Stay up to date with your accounts

    Get alerts and track progress to stay informed of all account activity.

*Annual Percentage Yields (APYs) disclosed are effective as of March 18, 2024 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: 3.44% interest rate and 3.50% APY, $50,000.00 - $249,999.99: 4.21% interest rate and 4.30% APY, $250,000.00 - $999,999.99: 4.21% interest rate and 4.30% APY, $1,000,000.00 or more: 4.21% interest rate and 4.30% APY. There is no minimum deposit amount required to open or maintain this account. Not available for retirement accounts. 

**There is no fee for using your Apple Bank Visa Debit Card to make cash withdrawals at domestic non-Apple Bank ATMs or international ATMs. A 2% surcharge will be applied to foreign transactions. In addition, Apple Bank will reimburse up to 4 ATM surcharge fees charged by the ATM owner/operator during each statement cycle period.

***National Average is based on the APY average for savings accounts with a minimum balance of at least $2,500.00 as reflected in the FDIC’s published National Rates and Rate Caps for savings deposit products, accurate as of February 20, 2024. See the FDIC website for more information.

Frequently Asked Questions

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.

1Note: Please provide an alternative to a military ID as we are not permitted to collect an image of this identification type online. If you don’t have an alternative, please contact us at 800-588-5871 (TDD: 800-824-0710) for assistance.

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.

Direct deposit: Fill out this form and bring it to your employer.

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

 

1Data fees from your mobile carrier may apply.

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.