Jenius Bank: Savings Accounts & Rates

Savings rates updated: 8/15/2025

Mission statement: Banksparency aims to make Jenius Bank's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

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Savings Overview

Jenius Savings: 4.20% APY(Rank 29 out of 81 tracked HYSAs)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.38% (as of 7/21/2025)

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: Los Angeles, California

Founded: 2023

Affiliation: Jenus Bank is the digital banking division of SMBC MANUBANK and a member of the Sumitomo Mitsui Banking Corporation, Inc., initialed SMBC Group (NYSE: SMFG).

Access to Branches: None

Deposit Insurance: FDIC Cert # 18618

BBB Rating: A+ (Not BBB Accredited)

App Store Rating: 4.1/5

Google Play Rating: 3.7/5

Website: Visit Jenius Bank

Our Take on Jenius Bank

Highlights

Current APY of 4.20% with no minimum balance requirements.
No maintenance fees associated with the account.
A+ BBB rating indicates strong trustworthiness.
Online-only banking allows for convenient access.

Considerations

No physical branches available for in-person service.
Google Play rating of 3.7 may indicate some user dissatisfaction.
Direct deposit is not required but may limit some features.
Not BBB Accredited, which may concern some customers.

Summary: Jenius Bank offers a competitive high-yield savings account with a 4.20% APY and no maintenance fees or minimum balance requirements. However, it operates online only, lacking physical branches, and has a mixed Google Play rating of 3.7. While it holds an A+ BBB rating, it is not BBB Accredited. Overall, it is a solid option for savers looking for a high APY without added costs.

Savings Account: In-Depth View

Savings Account Offered by Jenius Bank

Feature	Jenius Savings
APY	4.20% (as of 8/15/2025)
APY Trend	Stable for the last quarter
Minimum Deposit	$0
Minimum Balance for APY	$0
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	United States
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for Jenius Bank

All calculations are based on APY.

Savings Product:

Jenius Savings (APY: 4.20%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,650.7 (10.55%)
Total contributions: $13,000 (83.06%)
Initial deposit: $1,000 (6.39%)

Your total balance

$15,650.70

Effective APY: 4.20% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Jenius Bank Savings Rates Over Time

Historical APY Insights

Metric	Jenius Savings
Latest APY	4.20 %
Trend	Sideways
Slope (bps/mo)	-4.6
Rate Changes / Mo	0.14
Days Since Last Change	158
High (-7 m)	4.50 %
Low (-7 m)	4.20 %
Draw-down from High	-6.7 %
Volatility (CV)	0.030

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 7 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 (-7 m): Highest APY in the last 207 days.
Low (-7 m): Lowest APY in the last 207 days.
Draw-down from High: How far today sits below the 7-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 Jenius Bank's Savings Account

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Feature	Jenius Bank	Select a bank...
Product	Jenius Savings	N/A
APY	4.20% (as of 8/15/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Daily	N/A
Minimum Deposit	$0	N/A
Minimum Balance for APY	$0	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A

Alternatives to Jenius Bank

Banks with Higher/Similar Savings APY

Varo Bank

High-Yield Savings Account: 5.00% APY

Minimum Deposit: $0

Online Only

Direct Deposit: Min. $1,000/month

Peak Bank

Envision High Yield Savings: 4.35% APY

Minimum Deposit: $100

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