Pibank

Last Updated: 7/16/2025

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

Quick Views

Pibank Savings: 4.60% APY(Rank 5 out of 77 tracked HYSAs)

Minimum Deposit: $0 | Online Only

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: Miami, Florida

Founded: 2024

Affiliation: Pibank is a brand of Intercredit Bank, N.A.

Access to Branches: None

BBB Rating: A (Not BBB Accredited)

App Store Rating: 2.4/5

Google Play Rating: 1.7/5

Website: Visit Pibank

Our Take on Pibank

Highlights

Current APY of 4.60% is competitive for savings accounts.
No minimum deposit or balance requirements.
No maintenance fees associated with the account.
A rating from BBB indicates trustworthiness.

Considerations

No physical branches available for in-person banking.
App Store rating is low at 2.4.
Google Play rating is even lower at 1.7.
Not BBB Accredited, which may raise concerns.

Summary: Pibank offers a competitive APY of 4.60% on its savings account with no minimum deposit or maintenance fees. However, it lacks physical branches and has low ratings on both the App Store and Google Play, which could impact user experience. While it holds an A rating from the BBB, it is not BBB Accredited, potentially affecting trust for some customers. Overall, the bank may appeal to online savers looking for high yields.

Savings Account

Savings Account Offered by Pibank

Feature	Pibank Savings
APY	4.60% (as of 7/16/2025)
APY Trend	Stable for the last month
Minimum Deposit	$0
Minimum Balance for APY	$0.01
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	United States
No deposit agreement summary available for this bank.

Calculate Savings for Pibank

All calculations are based on APY.

Savings Product:

Pibank Savings (APY: 4.60%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $5 (4.76%)
Total contributions: $0 (0.00%)
Initial deposit: $100 (95.24%)

Your total balance

$105.00

Effective APY: 4.60% (based on your deposit and contributions)

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

Pibank Savings Rates Over Time

Historical APY Insights

Metric	Pibank Savings
Latest APY	4.60 %
Trend	Sideways
Slope (bps/mo)	-0.0
Rate Changes / Mo	0.00
Days Since Last Change	152
High (-5 m)	4.60 %
Low (-5 m)	4.60 %
Draw-down from High	0.0 %
Volatility (CV)	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 152 days.
Low (-5 m): Lowest APY in the last 152 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 Pibank's Savings Account

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Feature	Pibank	Select a bank...
Product	Pibank Savings	N/A
APY	4.60% (as of 7/16/2025)	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	$0.01	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A