Bank5 Connect
Last Updated: 7/3/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
Jumbo Savings: 4.05% APY(Rank 39 out of 76 tracked HYSAs)
Connect Savings: 1.50% APY(Rank 77 out of 88 savings accounts)
National Savings Interest Rate: 0.38% (as of 6/16/2025)
Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.
(Source: FDIC)Bank Overview
Location: Fall River, Massachusetts
Affiliation: BankFive
BBB Rating: A+
App Store Rating: 4.9/5
Google Play Rating: 4.2/5
Website: Visit Bank5 Connect
Our Take on Bank5 Connect
Highlights
- Jumbo Savings account offers a competitive APY of 4.05%
- No maintenance fees if eStatements are received for both accounts
- Bank has an A+ BBB rating, indicating trustworthiness
- High App Store rating of 4.9 and Google Play rating of 4.2
Considerations
- Connect Savings has a lower APY of 1.50%
- Minimum balance of $25,000 required for Jumbo Savings account
- Both accounts have a direct deposit requirement
- No physical branches available; online-only bank
Savings Accounts
Savings Accounts Offered by Bank5 Connect
Feature | Jumbo Savings | Connect Savings |
---|---|---|
APY | 4.05% (as of 7/3/2025) | 1.50% (as of 7/3/2025) |
APY Trend | Stable for the last month | Stable for the last month |
Minimum Deposit | $25,000 | $10 |
Minimum Balance for APY | $25,000 | $100 |
FDIC-insured | Yes | Yes |
Online Only | Yes | Yes |
Bundled Account | No | No |
Direct Deposit Required | No | No |
Compound Frequency | Monthly | Monthly |
Maintenance Fee | $0, if receiving eStatements. Otherwise $1 per statement. | $0, if receiving eStatements. Otherwise $1 per statement. |
Eligibility | United States | United States |
No deposit agreement summary available for this bank. |
Calculate Savings for Bank5 Connect
Total savings breakdown:
- Interest earned: $1,013 (3.89%)
- Total contributions: $0 (0.00%)
- Initial deposit: $25,000 (96.11%)
Your total balance
$26,013.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Bank5 Connect Savings Rates Over Time
Historical APY Insights
Metric | Jumbo Savings | Connect Savings |
---|---|---|
Latest APY | 4.05 % | 1.50 % |
Trend | Sideways | Sideways |
Slope (bps/mo) | -4.2 | 0.0 |
Rate Changes / Mo | 0.38 | 0.00 |
Days Since Last Change | 79 | 155 |
High (-5 m) | 4.25 % | 1.50 % |
Low (-5 m) | 4.05 % | 1.50 % |
Draw-down from High | -4.7 % | 0.0 % |
Volatility (CV) | 0.017 | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 5 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-5 m)
- Highest APY in the last 156 days.
- Low (-5 m)
- Lowest APY in the last 156 days.
- Draw-down from High
- How far today sits below the 5-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Compare Bank5 Connect's Savings Accounts
- Affirm - 3.85% APY
- All America Bank - 1.50-3.25% APY
- Ally Bank - 3.50% APY
- Amalgamated Bank - 2.25% APY
- American Express - 3.60% APY
- Axos Bank - 4.66% APY
- Bank of America - 0.01% APY
- Barclays - 3.90-4.10% APY
- Bask Bank - 4.20% APY
- Betterment - 4.00% APY
- BMO Alto - 3.60% APY
- Bread Savings - 4.30% APY
- BrioDirect - 4.30% APY
- Capital One - 3.50% APY
- Carver Bank - 4.00% APY
- Charles Schwab Bank - 0.15% APY
- Chase Bank - 0.01% APY
- Chime - 1.25-3.75% APY
- CIBC Bank USA - 4.11% APY
- CIT Bank - 0.25-4.00% APY
- Citibank - 3.60% APY
- Citizens Access™ - 3.70% APY
- Colorado Federal Savings Bank - 4.25% APY
- ConnectOne Bank - 4.00% APY
- Customers Bank - 4.23% APY
- Discover Bank - 3.50% APY
- E*TRADE from Morgan Stanley - 4.00% APY
- EverBank - 4.30% APY
- Evergreen Bank Group - 4.25% APY
- First Foundation Bank - 4.25% APY
- Fitness Bank - 5.00% APY
- Flagstar Bank - 4.00% APY
- Forbright Bank - 4.25% APY
- FVCbank - 4.35% APY
- High Plains Bank - 0.23-3.82% APY
- Jenius Bank - 4.20% APY
- LendingClub - 3.40-4.40% APY
- Live Oak Bank - 4.10% APY
- Marcus by Goldman Sachs - 3.65% APY
- My Banking Direct - 4.30% APY
- MySavingsDirect - 3.75% APY
- Neighbors Bank - 4.60% APY
- Newtek Bank - 4.35% APY
- OMB Bank - 1.00% APY
- Openbank - 4.30% APY
- Peak Bank - 4.44% APY
- Pibank - 4.60% APY
- PNC - 3.95% APY
- Poppy Bank - 4.25% APY
- Popular Direct - 4.05% APY
- Presidential Bank - 4.00-4.50% APY
- Prime Alliance Bank - 4.05% APY
- Primis Bank - 4.35% APY
- Quontic Bank - 3.75% APY
- RBMAX - 4.15% APY
- Rising Bank - 4.30% APY
- ROGER - 4.12% APY
- Salem Five Direct - 4.01% APY
- Sallie Mae Bank - 3.90% APY
- Santander Bank - 0.03% APY
- SoFi Bank - 3.80% APY
- Synchrony Bank - 3.80% APY
- TAB Bank - 4.15% APY
- TD Bank - 0.05-3.00% APY
- The State Exchange Bank - 1.90% APY
- TIMBR - 4.40% APY
- UFB Direct - 4.01-4.21% APY
- Upgrade - 4.02% APY
- Valley Direct - 4.30% APY
- Varo Bank - 2.50-5.00% APY
- Western Alliance Bank - 4.25% APY
- Zynlo Bank - 4.35% APY
Feature | Bank5 Connect | Select a bank... |
---|---|---|
Product | N/A | |
APY | 4.05% (as of 7/3/2025) | N/A |
Bundled Account | No | N/A |
FDIC-insured | Yes | N/A |
Online Only | Yes | N/A |
Compound Frequency | Monthly | N/A |
Minimum Deposit | $25,000 | N/A |
Minimum Balance for APY | $25,000 | N/A |
Maintenance Fee | $0, if receiving eStatements. Otherwise $1 per statement. | N/A |
Direct Deposit Required | No | N/A |
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Upgrade
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