Dollar Bank, Federal Savings Bank savings rates
Dollar Bank, Federal Savings Bank advertises up to 3.75% APY on its Platinum Savings account. The 3.75% applies to balances of $100,000 or more, up to $5,000,000. Below $100,000, the account advertises 2.50%. A balance above $5,000,000 earns 2.50% on the whole amount.
On a $10,000 balance the account earns 2.50% overall, about $250 in a year, which is 2.13 percentage points above the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #108 of 2865 tracked savings rates by advertised APY. For a $10,000 balance it would rank #237.
Estimate your earnings·What Dollar Bank, Federal Savings Bank actually pays
Dollar Bank, Federal Savings Bank at a glance
| Savings | |
|---|---|
| Top savings APY | Up to 3.75% · Platinum Savings · balances of $100,000 to $5,000,000 only |
| Minimum to open | $50 · Platinum Savings |
| Against the national average | 3.38 percentage points above the 0.37% FDIC savings average (Sep 2026) |
| FDIC certificate | 32245 · Pittsburgh, PA |
|---|---|
| Website | www.dollar.bank |
| Branches | 91 branches in MD, OH, PA, VA |
| Availability | Platinum Savings: Available in MD, OH, PA, VA |
Dollar Bank, Federal Savings Bank savings rates
How the rate applies
How the rate applies
How the rate applies
How the rate applies
How the rate applies
How the rate applies
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.65%, and one account in ten advertises 4.16% or more. See the highest savings rates.
Interactive Tool
Calculate Savings for Dollar Bank, Federal Savings Bank
All calculations are based on APY.
Tiered rates: 2.50% to 3.75% APY across 4 balance tiers.
Savings Breakdown
- Interest Earned+$961.40(6.4%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,961.40
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Dollar Bank, Federal Savings Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined. The 3.75% applies to balances of $100,000 or more, up to $5,000,000. Below $100,000, the account advertises 2.50%. A balance above $5,000,000 earns 2.50% on the whole amount.
In Q2 2026, Dollar Bank, Federal Savings Bank paid a higher average rate on savings and money market deposits than 64% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Dollar Bank, Federal Savings Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Platinum Savings | Up to 3.75% | $50 | $0 | $5,000,000 | not stated | not stated | Tiered | |
| Fine print: Opening this account requires a new money increase of at least $25,000, measured against the owner's average daily balances over the previous 30 days. The monthly service charge is waived only in a month when the account holds an average monthly balance of $25,000 or more. The bank publishes a separate rate schedule for each of its markets, and the Virginia market pays a different rate on this account than the Pennsylvania, Ohio and Maryland markets. | ||||||||
| Start Smart Savings | 3.75% | $25 | $0 | $10,000 | not stated | not stated | Tiered | |
| Fine print: The stated APY applies to balances up to $10,000. Balances above $10,000 earn a lower rate. One authorized signer must be between the ages of 13 and 24, and a signer under 18 needs a parent or guardian over 18 as a co-owner. Once every authorized signer reaches the age of 25 the bank converts the account to a different savings account. The bank limits a customer to one of these accounts. | ||||||||
| Smart Savings | 3.75% | $50 | $0 | None | not stated | Linked account at the bank · direct deposit not stated | Tiered | |
| Fine print: A linked Dollar Bank Everything Checking account is required to open and maintain this account, and the published rates require eight qualifying monthly posted payments on that checking account. Above the first balance tier the rate is paid on the portion of the balance within each tier, so the rate table publishes a range for those tiers instead of one rate. The bank publishes a separate rate schedule for each of its markets, and the Virginia market pays a different rate on this account than the Pennsylvania, Ohio and Maryland markets. | ||||||||
| Premier Savings | Up to 1.40% | $5,000 | $0 | $5,000,000 | not stated | not stated | Tiered | |
| No Overdraft Savings | 0.10% | $25 | $0 | None | not stated | Linked account at the bank · direct deposit not stated | Tiered | |
| Fine print: This account is a companion to a No Overdraft Checking account. All deposits and withdrawals must be transferred through that checking account, and the bank allows no direct access to the savings account. | ||||||||
| Passbook Savings | 0.10% | $25 | $0 | None | not stated | not stated | One rate | |
| Statement Savings | 0.10% | $50 | $0 | None | not stated | not stated | Tiered | |
| Fine print: The bank publishes a separate rate schedule for each of its markets, and the Virginia market pays a different rate on this account than the Pennsylvania, Ohio and Maryland markets. | ||||||||
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
Opening and using the account
| Availability | Platinum Savings: Available in MD, OH, PA, VA |
|---|---|
| Footprint | 91 branches in MD, OH, PA, VA |
| Eligibility | not stated |
How Dollar Bank, Federal Savings Bank behaves over time
Every observation of the advertised Platinum Savings rate in the last 12 months was 3.75% (observed through Oct 12, 2026). The series includes promotional tiers where one applied.
- Rate last changed
- Sep 22, 2026(effective date)
$10,000 in Dollar Bank, Federal Savings Bank's Platinum Savings earns 2.50% overall at the advertised rates, so it grows to $10,250 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,913 does today. See how the federal funds rate shapes savings rates.
Who is Dollar Bank, Federal Savings Bank?
| Headquarters | Pittsburgh, PA |
|---|---|
| Founded | 1984 |
| Scale | $12.7B assets · $10.0B deposits, $8.5B of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 32245 |
| Charter state | Pennsylvania · one of 110 insured banks chartered there (Q2 2026, FDIC) |
| Size | 141st-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 36% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Dollar Bank, Federal Savings Bank pays on deposits above.
Common questions about Dollar Bank, Federal Savings Bank
Is Dollar Bank, Federal Savings Bank FDIC insured?
Yes. Dollar Bank, Federal Savings Bank is FDIC insured under certificate 32245, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Dollar Bank, Federal Savings Bank?
Dollar Bank, Federal Savings Bank requires a minimum deposit of $50 to open its Platinum Savings account, as observed on Oct 12, 2026. Check the bank's current terms before you open an account.
Does the 3.75% apply to my whole balance?
The 3.75% applies to balances of $100,000 or more, up to $5,000,000. Below $100,000, the account advertises 2.50%. A balance above $5,000,000 earns 2.50% on the whole amount.
Does Dollar Bank, Federal Savings Bank have branches?
Yes. Dollar Bank, Federal Savings Bank operates 91 branches according to FDIC branch records, in addition to its website and mobile apps.
Dollar Bank, Federal Savings Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Dollar Bank, Federal Savings Bank | 3.75% | 1.79% | $50 | 91 branches in MD, OH, PA, VA |
| BrioDirect | 3.75% | 2.10% | $5,000 | not stated |
| CIBC Bank USA | 3.75% | 2.41% | $1,000 | 8 branches in FL, IL, MI, MO |
| CIT Bank | 3.75% | 2.95% | $100 | not stated |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Dollar Bank, Federal Savings Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Pennsylvania, nearest to Dollar Bank, Federal Savings Bank in deposits:
Rate hubs: today's highest savings rates.
State pages: banks in Pennsylvania.