Pibank
Last Updated: 6/20/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
Pibank Savings: 4.60% APY(Rank 6 out of 74 tracked HYSAs)
Minimum Deposit: $0 | Online Only
National Savings Interest Rate: 0.42% (as of 5/19/2025)
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: 2.3/5
Google Play Rating: 1.6/5
Website: Visit Pibank
Our Take on Pibank
Highlights
- Current APY of 4.60% is competitive for savings accounts.
- No maintenance fees or minimum balance requirements.
- No direct deposit requirement for the Pibank Savings account.
- A BBB rating of A indicates a good level of trustworthiness.
Considerations
- App Store rating is low at 2.3.
- Google Play rating is even lower at 1.6.
- No physical branches available for in-person banking.
- Not BBB Accredited, which may raise concerns for some.
Summary: Pibank offers a competitive APY of 4.60% for its online-only savings account with no fees or minimums. However, it lacks physical branches and has low app ratings (2.3 on App Store, 1.6 on Google Play), which could affect user experience. While it has a BBB rating of A, it is not BBB Accredited, potentially impacting trust for some savers. Overall, it is a viable option for those seeking high yields without direct deposit requirements.
Savings Account
Savings Account Offered by Pibank
| Feature | Pibank Savings |
|---|---|
| APY | 4.60% (as of 6/20/2025) |
| 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.
Pibank Savings (APY: 4.60%)
Deposit Frequency:
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 | 127 |
| High (-4 m) | 4.60 % |
| Low (-4 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 4 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 (-4 m)
- Highest APY in the last 128 days.
- Low (-4 m)
- Lowest APY in the last 128 days.
- Draw-down from High
- How far today sits below the 4-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 6/20/2025) | 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 |