MY RESERVE SAVINGS ACCOUNT
Explore the benefits of My Reserve Savings.
Earn
4.00% APY1
Place your reserve cash in a high-yield savings account that earns more than 10x the National Average APY2 on balances up to $1 million.
Move Your Money with Ease
Transfer funds from your bank and brokerage accounts at other banks to keep your money liquid and growing at a high-yield rate of return.
Save with Confidence
Savings are FDIC Insured up to $250,000 per depositor for each account ownership category, so your money is protected.
Safe. Flexible. Easy access to funds.
Whether you want to protect your retirement income, pay for a college education, a luxury vacation, home renovations, or other large expenses, choose a savings account at a bank you can rely on.
Safe. Flexible. Easy access to funds.
Whether you want to protect your retirement income, pay for a college education, a luxury vacation, home renovations, or other large expenses, choose a savings account at a bank you can rely on.
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Protect your retirement income.
As you approach retirement or are living in retirement, you may want to shift some of your savings into lower-risk options to avoid market fluctuations. My Reserve Savings earns a competitive rate while keeping your money protected.
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Pay for college.
If you are setting aside money for a college education that has started or is about to start, My Reserve Savings provides you with a high yield rate and liquidity for when expenses arise.
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Save for a luxury vacation.
A vacation can lead to lower stress and greater relaxation, and so should your savings account! Grow your money with My Reserve Savings, so you have more to spend on your travels. Plus, enjoy travel perks, and pay no ATM or debit card purchase fees worldwide3 with the Apple Bank Visa® Debit Card. -
Plan for home renovations and other large expenses.
Whether it’s a brand-new kitchen, or a vacation home in your favorite spot, set your funds aside in a place where they’ll grow at a competitive rate and be there when you want them.
See how much more you can save with
My Reserve Savings.
Estimated Interest Earned
Your savings could be worth after of monthly deposits at APY1
*This calculator and information are provided as self-help tools and are for illustrative purposes only. Interest Rates and APY are subject to change, and your actual interest earned may vary.
Open your account online and manage your money with the Apple Bank Mobile App.4
Transfer funds, deposit checks, monitor your balance, see your net worth, and more via your mobile device.
In just minutes, open and fund your account online. We’ll even pre-fill some of your information to streamline the process.
Link your checking, brokerage, or savings accounts at other banks to transfer money into the My Reserve Savings account. You’ll start earning interest the day your transferred funds are credited to your account. You can transfer funds back whenever you need them.
If you receive a check, such as inheritance, investment payout, or dividends, simply take a photo using your mobile device to deposit it into your account. Funds may be available as soon as the next business day.5
Easily monitor how much you are saving each month and month over month trends.
Get an aggregate view of your Apple Bank and non-Apple Bank accounts in one place, including your banking and brokerage assets and any liabilities, for an up-to-date view of your total net worth.
More benefits of My Reserve Savings.
Personalized
Service
We’re here for you when you need us. Customer representatives at our NY-based call centers are ready to answer your questions and help you find the best account for your needs.
Enjoy No ATM Fees Worldwide3
Need to access your funds? No problem. Use any ATM you want at home or traveling abroad. Apple Bank will reimburse you for all ATM transaction fees.
Quickly Send and Receive Money with Zelle®
In as little as a few minutes, receive money from friends and family into your savings account. Or securely pay people directly from your account with ease.6
Have questions? We're here to help.
We have dedicated representatives ready to assist you.
Online Account Opening Help: 800-588-5871
TDD: 800-824-0710
My Reserve Savings FAQs
Answers to frequently asked questions.
There is a $1,000 minimum deposit of new money to open a My Reserve Savings account. The initial deposit to your account needs to be in the form of a transfer from another financial institution. Your initial deposit cannot be a transfer from an existing Apple Bank account.
You don’t need to open a checking account with your My Reserve Savings account. My Reserve Savings may be the only account you need, offering unlimited withdrawals, debit card transactions, and easy deposits and transfers to grow your savings.
No. The My Reserve Savings account is an online-only account available to new customers who reside in New York, New Jersey or Florida.
If you are already an Apple Bank customer, and your permanent address is outside of New York, New Jersey or Florida, you are also able to apply online for the My Reserve Savings account. Customers with a current foreign (outside of the U.S.) address will not be eligible to open additional accounts via the online channel.
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 ID.
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.
No. The My Reserve Savings account is offered exclusively online and cannot be opened at a branch location.
You will need to fund your account as part of the application.
As part of your application, you will need to transfer funds from another bank for your initial deposit of $1,000.
After your account is opened, you’ll be able to add money to your account at any time in any one of the following ways:
Online Transfer: Log in to your account online at applebank.com or on the Apple Bank Mobile App4. 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, select Add External Account and provide the requested information.
Mobile check deposit5: If you haven’t already, download the Apple Bank Mobile App4 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 the form provided by your employer.
Apple Bank branch or ATM: After you receive your Apple Bank Visa® Debit Card, you can 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 10583-3242Yes. The money in your checking, savings, CDs, and money market deposit accounts are protected by FDIC insurance up to $250,000 per depositor, for each account ownership category .
Our specialists are available to answer your questions about your My Reserve 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.).
Your Apple Bank Visa® Debit Card is ordered immediately upon opening an account and will take 5-7 business days to arrive.
No, the My Reserve Savings account has no monthly maintenance fees.
No, the debit card does not have any fees!
• ATM: There are no fees when using non-Apple Bank ATMs. Plus, Apple Bank will reimburse all surcharges imposed by the ATM owner/operator during each statement cycle period.
• Point-of-Sale Transactions (POS): There are no fees for domestic and international POS transactions.
You can send money to friends and family you trust with daily transaction limit of $2,000 and a monthly limit of $10,000. If you would like to request a higher limit, please contact us at 914-902-2775 and we can evaluate if you meet the criteria for a higher limit. For more information on Zelle, visit Zelle’s FAQs.
You can deposit check(s) up to $10,000 a day through the mobile deposit service with a maximum of $25,000 a month. If you would like to request a higher limit, please contact us at 914-902-2775 and we can evaluate if you meet the criteria for a higher limit.
You can schedule a transfer to or from your account at another bank for up to $10,000 a day with a maximum of $10,000 a month. If you would like to request a higher limit, please contact us at 914-902-2775 and we can evaluate if you meet the criteria for a higher limit.
My Reserve Savings accounts are available to existing Apple Bank customers and to new customers with a permanent residence in New York, New Jersey, or Florida. The My Reserve Savings account is offered exclusively online and cannot be opened at a branch location.
1 Annual Percentage Yield (APYs) disclosed are effective as of June 1, 2026 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: 3.92% interest rate and 4.00% APY; $50,000.00 - $250,000.00: 3.92% interest rate and 4.00% APY; $250,000.01 - $1,000,000.00: 3.92% interest rate and 4.00% APY; over $1,000,000.00: 0.01% interest rate and 0.01% APY. A $1,000.00 minimum deposit of new money is required to open the account. New money is money that is not currently on deposit at Apple Bank; funds transferred from an existing Apple Bank account are not eligible. 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.
Balances Over $1,000,000: If your daily balance is more than $1,000,000.00, the interest rate for your entire balance will be 0.01%, and your APY will not exceed 0.01% for that day. The stated APY assumes the interest rate does not change, and that the minimum balance, along with all interest earned, remains on deposit for the entire year. You are responsible for monitoring your account balance on your statements. Other than your statements, the bank does not provide notification if your daily balance exceeds $1,000,000.00.
2National Average is based on the APY average for savings and interest-bearing checking 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 May 18, 2026 See the FDIC website for more information.
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 statement cycle period. There are no fees for domestic and international Point-of-Sale Transactions when using an Apple Bank Visa® Debit Card.
4 Data fees from your mobile carrier may apply.
5 Mobile check deposits are subject to verification and to Apple Bank’s rules governing funds availability. For Apple Bank’s funds availability schedule, see the About Your Apple Bank Accounts Rules and Regulations, “Funds Availability”.
6 U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes.
Visa is a registered trademark of Visa International Service Association and is used by the issuer pursuant to license from Visa U.S.A Inc.
Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
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