Apple Bank Simple Savings
Simple Savings Account
Explore the benefits of a Simple Savings online account.
Earn up to 3.03% APY1
Meet your savings goals faster with an interest rate that’s 7x the National Average.2 The more you save, the higher your rate and there is no limit on earnings.
No monthly maintenance or ATM fees3
Enjoy free ATM transactions worldwide, reimbursement for non-Apple Bank ATM operator fees and no monthly maintenance fees.
An online account doesn’t mean you’re alone. Our local specialists are here to assist you and provide guidance whenever you need it.
Earn a preferred rate with the Simple Banking Program.4
Open a Simple Savings account and a Simple Checking account to be automatically enrolled in the Simple Banking Program.4 Make any combination of five qualifying debit or credit transactions of $25 or more per month from your Simple Checking account to earn a preferred interest rate that is 0.50% higher than the current interest rate in effect for the Simple Savings Account.
| Simple Savings | Simple Banking Program4 | ||
|---|---|---|---|
| Interest Rate | APY1 | Preferred Rate | Preferred APY1 |
| 2.98% | 3.03% | 3.48% | 3.55% |
See how much more you can save with the Apple Bank Simple Savings account.
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.
Stay connected to your money with the Apple Bank Mobile App.5
Get up to date information on your funds - online or on your mobile device. Easily transfer funds or take money out with your debit card whenever you need to.
Pay yourself first. Keep your savings growing regularly with automatic re-occurring transfers on a weekly or monthly basis from your checking account or your account at another bank to your Simple Savings account.
Set a budget and track your spending by category so you can see where your money is going each month and look for ways to save more. Set up alerts to help keep you on track toward your savings goals.
Whether it’s an occasional birthday check, rebate or your paycheck that you carry around for days, you can add money to your savings account quickly, without having to pay a visit to a branch by simply snapping a photo of the check to deposit using your mobile device6.
It’s easy to start saving today with the Simple Savings online savings account.
Open your Apple Bank Simple Savings account in as little as 5 minutes.
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.
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
Simple Savings FAQs
Answers to frequently asked questions
There is a $100 minimum balance to open a Simple Savings account.
You don’t need to open a checking account to accompany your Simple Savings account. A 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.
However, if you open both a Simple Savings account and a Simple Checking account and meet certain criteria on a monthly basis, you can earn a preferred interest rate on your Simple Savings account. See details in the next question.
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 and you will be eligible to receive an interest rate that is one-half of one percent (0.50%) higher than the then current interest rate in effect for the Simple Savings account(s).
Qualifying Transactions: A qualifying transaction for purposes of receiving the preferred rate of this Program means a credit or debit of $25 or more in your Simple Checking account from: an electronic (ACH) transaction such as direct deposit, bill payments, or automatic payments set up with a merchant; a transfer to or from an account at another financial institution; Person-to-Person payments (P2P), such as Zelle; or a purchase using your Visa Debit Card. Credit or Debit transactions by any other means (e.g., deposits or withdrawals at an ATM and/or in-person at a branch or transfers between your accounts at Apple Bank) do not qualify as a transaction for purposes of meeting the eligibility criteria for the preferred rate.
No. The Simple Savings account is 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.
You will need to fund your account as part of the application.
As part of your application, you’ll choose how you would like to make your first deposit.
You can transfer funds from another bank or, if you are already a customer, move money from one of your existing Apple Bank accounts.
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 App5. 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 deposit6: If you haven’t already, download the Apple Bank Mobile App5 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 10583-3242
Yes. 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 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.).
Your Apple Bank Visa® Debit Card is ordered immediately upon opening an account and will take 5-7 business days to arrive.
No, the Simple 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 a 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.
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1Annual 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: 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 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.
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 You will be automatically enrolled in the Simple Banking Program once you have established a Simple Checking account in addition to your existing Simple Savings account (benefit account). Customers who maintain a Simple Checking and a Simple Savings account and meet the monthly transaction requirements for the Simple Checking account will be eligible to receive a rate that is one-half of one percent (0.50%) 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 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.
Qualifying Transactions: A qualifying transaction for purposes of receiving the preferred rate of this Program means a credit or debit of $25 or more in your Simple Checking account from: an electronic (ACH) transaction such as direct deposit, bill payments, or automatic payments set up with a merchant; a transfer to or from an account at another financial institution; Person-to-Person payments (P2P), such as Zelle; or a purchase using your Visa Debit Card. Credit or Debit transactions by any other means (e.g., deposits or withdrawals at an ATM and/or in-person at a branch or transfers between your accounts at Apple Bank) do not qualify as a transaction for purposes of meeting the eligibility criteria for the preferred rate.
Benefits Evaluation Period: The benefits evaluation period (“evaluation period”) is determined by the statement cycle date (currently month end) of your Simple Checking account. The Bank will evaluate the transactions conducted on your Simple Checking account to determine if you will receive the benefit during the evaluation period. The evaluation period begins three (3) business days before your statement cycle date (the date on which your account statement is produced) and ends three (3) business days prior to the following statement cycle date.
5 Data fees from your mobile carrier may apply.
6 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”.
7 U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes.
Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
The Contactless Symbol and Contactless Indicator are trademarks owned by and used with permission of EMVCo, LLC.
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.