FinWise Bank: Savings Accounts, CDs, Money Market & Rates
Mission: Banksparency aims to make FinWise Bank's deposit accounts transparent and comparable to the market.
Analysis of FinWise Bank
Our verdict
FinWise Bank offers Consumer Money Market, a money market account paying 3.70% APY with a $1,000 minimum deposit.
At 3.70% APY, FinWise Bank pays 6x the national money market average of 0.63%.
Additional Accounts
- Consumer Statement Savings, a savings account at 0.30% APY.
- Business Money Market, a business money market account at 3.70% APY.
- Business Statement Savings, a business savings account at 0.30% APY.
Ideal User Profile
- Best for: simple saving without extra requirements.
CD Analysis
FinWise Bank also offers CDs paying up to 4.00% APY on its 18 months term, across 11 term lengths.
Tracking 12 active CD products, useful for locking in today's rate before further moves at the Fed.
- Best CD use: locking in 4.00% APY for a 18 months term and laddering across multiple maturities.
Important Considerations
Deposit Accounts Overview
Business Money Market
Business Statement Savings
Consumer Statement Savings
Consumer Money Market
Market Reality Check
This institution offers rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Deposit Accounts: In-Depth View
Savings Accounts Offered by FinWise Bank
| Feature | Consumer Statement Savings | Business Statement Savings |
|---|---|---|
APY | 0.30%Verified: 8/16/2026 | 0.30%Verified: 8/16/2026 |
APY Trend | N/A | N/A |
Min. Deposit | N/A | N/A |
Min. Balance | N/A | N/A |
Monthly Fee | N/A | N/A |
Direct Deposit | None | None |
Checking Bundle | No | No |
In-Branch Access | Yes | Yes |
Compounding | N/A | N/A |
FDIC Insured | Yes | Yes |
Eligibility | United States | United States |
| Next Steps | - | - |
Interactive Tool
Calculate Savings for FinWise Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$1,444.90(9.4%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,444.90
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
FinWise Bank Deposit Rates Over Time
No historical data available.
Compare with FinWise Bank
| Feature | Current View FinWise Bank | Empty Slot |
|---|---|---|
| Product | - | |
APY | 0.30%Verified: 8/16/2026 | - |
APY Trend | N/A | - |
| Min. Deposit | N/A | N/A |
| Monthly Fee | N/A | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| In-Branch Access | Yes | - |
| Eligibility | United States | - |
Compounding | N/A | - |
FDIC or NCUA Insured | Yes | - |
| Next Steps | - | - |
CD Overview
CD Products Offered by FinWise Bank
| Feature | 30-Day Certificate 1 months | 60-Day Certificate 2 months | 90-Day Certificate 3 months | 6-Month Certificate 6 months | 9-Month Certificate 9 months | 12-Month Certificate 12 months | 18-Month Certificate 18 months | 18-Month IRA Certificate 18 months | 24-Month Certificate 24 months | 36-Month Certificate 36 months | 48-Month Certificate 48 months | 60-Month Certificate 60 months |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APY | 2.68%Verified: 8/16/2026 | 2.68%Verified: 8/16/2026 | 3.90%Verified: 8/16/2026 | 3.85%Verified: 8/16/2026 | 3.85%Verified: 8/16/2026 | 4.00%Verified: 8/16/2026 | 4.00%Verified: 8/16/2026 | 4.00%Verified: 8/16/2026 | 3.84%Verified: 8/16/2026 | 3.84%Verified: 8/16/2026 | 3.84%Verified: 8/16/2026 | 3.84%Verified: 8/16/2026 |
Term | 1 months | 2 months | 3 months | 6 months | 9 months | 12 months | 18 months | 18 months | 24 months | 36 months | 48 months | 60 months |
Min. Deposit | $500 | $500 | $500 | $500 | $500 | $500 | $500 | N/A | $500 | $500 | $500 | $500 |
Early Withdrawal | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FDIC Insured | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Notes | The certificate renews automatically at maturity for the same term. You have 10 calendar days after the maturity date to withdraw funds with no penalty. An early withdrawal costs 90 days of interest, and if the account has not earned that much interest the difference comes out of the principal. | The certificate renews automatically at maturity for the same term. You have 10 calendar days after the maturity date to withdraw funds with no penalty. An early withdrawal costs 90 days of interest, and if the account has not earned that much interest the difference comes out of the principal. | The certificate renews automatically at maturity for the same term. You have 10 calendar days after the maturity date to withdraw funds with no penalty. An early withdrawal costs 90 days of interest, and if the account has not earned that much interest the difference comes out of the principal. | The certificate renews automatically at maturity for the same term. You have 10 calendar days after the maturity date to withdraw funds with no penalty. An early withdrawal costs 90 days of interest, and if the account has not earned that much interest the difference comes out of the principal. | The certificate renews automatically at maturity for the same term. You have 10 calendar days after the maturity date to withdraw funds with no penalty. An early withdrawal costs 90 days of interest, and if the account has not earned that much interest the difference comes out of the principal. | The certificate renews automatically at maturity for the same term. You have 10 calendar days after the maturity date to withdraw funds with no penalty. An early withdrawal costs 90 days of interest, and if the account has not earned that much interest the difference comes out of the principal. | The certificate renews automatically at maturity for the same term. You have 10 calendar days after the maturity date to withdraw funds with no penalty. An early withdrawal costs 90 days of interest, and if the account has not earned that much interest the difference comes out of the principal. | The certificate renews automatically at maturity for the same term. You have 10 calendar days after the maturity date to withdraw funds with no penalty. An early withdrawal costs 90 days of interest, and if the account has not earned that much interest the difference comes out of the principal. | The certificate renews automatically at maturity for the same term. You have 10 calendar days after the maturity date to withdraw funds with no penalty. An early withdrawal costs 90 days of interest, and if the account has not earned that much interest the difference comes out of the principal. | The certificate renews automatically at maturity for the same term. You have 10 calendar days after the maturity date to withdraw funds with no penalty. An early withdrawal costs 90 days of interest, and if the account has not earned that much interest the difference comes out of the principal. | The certificate renews automatically at maturity for the same term. You have 10 calendar days after the maturity date to withdraw funds with no penalty. An early withdrawal costs 90 days of interest, and if the account has not earned that much interest the difference comes out of the principal. | The certificate renews automatically at maturity for the same term. You have 10 calendar days after the maturity date to withdraw funds with no penalty. An early withdrawal costs 90 days of interest, and if the account has not earned that much interest the difference comes out of the principal. |
FinWise Bank CD Rates Over Time
Money Market Accounts Offered by FinWise Bank
| Feature | Consumer Money Market |
|---|---|
APY | 3.70%Range: 0.35% - 3.70%Verified: 8/19/2026 |
Min. Deposit | $1,000 |
Min. Balance | N/A |
Monthly Fee | N/A |
Direct Deposit | None |
In-Branch Access | Yes |
Compounding | N/A |
FDIC Insured | Yes |
Eligibility | United States |
Important | A $7.00 service charge applies if the balance falls below $1,000 on any day during the monthly cycle. |
Alternatives to FinWise Bank
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Presidential Bank
Premier Savings: 0.50% APY
Minimum Deposit: $500
Eligible States: Limited (see details)
Advantage Savings: 3.75% APY
Bundled Savings & Checking Account
Minimum Deposit: $5,000
Commercial Money Market: 0.15% APY
Minimum Deposit: $5,000
Security State Bank of Marine
Super Savers: 0.10% APY
Minimum Deposit: N/A
Piggy Bank Savers: 0.10% APY
Minimum Deposit: N/A
Money Market Platinum: 3.56% APY
Minimum Deposit: N/A
Money Market Savings: 0.15% APY
Minimum Deposit: N/A
Passbook Savings: 0.10% APY
Minimum Deposit: N/A
TAB Bank
Business Money Market: 3.25% APY
Minimum Deposit: $25
Online Only
TAB Save: 3.61% APY
Minimum Deposit: $0
Online Only
Business Savings: 0.25% APY
Minimum Deposit: $25
Online Only
Ivy Bank
High-Yield Savings Account: 3.85% APY
Minimum Deposit: $2,500
Online Only
Bank5 Connect
Money Market Account: 4.00% APY
Minimum Deposit: $100
Online Only
Jumbo Savings: 3.65% APY
Minimum Deposit: $25,000
Online Only
Connect Savings: 1.50% APY
Minimum Deposit: $10
Online Only
Primis Bank
Primis Savings Account: 3.85% APY
Minimum Deposit: $1
Online Only
Primis Business Savings: 4.00% APY
Minimum Deposit: $1
Online Only
TIMBR
Premium Savings Account: 3.95% APY
Minimum Deposit: $1,000
Online Only
ROGER
ROGER Savings: 3.61% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
Online Only
Chime
Chime High-Yield Savings Account: 3.75% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
Online Only
Direct Deposit: Not required
Poppy Bank
Poppy Premier Personal Savings: 0.50% APY
Minimum Deposit: $1,000
Poppy Blooms Youth Savings Account: 3.75% APY
Minimum Deposit: $0
Eligible States: Limited (see details)
Poppy Premier Online Savings: 4.00% APY
Minimum Deposit: $1,000
Online Only
CIBC Bank USA
Agility™ High-Interest Savings Account: 3.52% APY
Minimum Deposit: $1,000
Online Only
Ergo Bank
Business Savings: 0.05% APY
Minimum Deposit: $100
Variable Rate IRA: 3.53% APY
Minimum Deposit: $100
Go Money Market: 2.22% APY
Minimum Deposit: $1,000
Business Money Market: 2.22% APY
Minimum Deposit: $1,000
Health Savings Account: 0.30% APY
Minimum Deposit: $100
Go Savings: 0.05% APY
Minimum Deposit: $100