The State Exchange Bank
Last Updated: 6/20/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
High-Yield Savings Account, powered by Raisin: 1.90% APY(Rank 75 out of 87 savings accounts)
Minimum Deposit: $1 | Online Only | Powered by Raisin
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)Our Take on The State Exchange Bank
Highlights
- Current APY is 1.90%, though down from 4.16% last month.
- No maintenance fees for the High-Yield Savings Account.
- Account requires only a $1 minimum deposit.
- High App Store rating of 4.9 and Google Play rating of 4.5.
Considerations
- High-Yield Savings Account has a direct deposit requirement.
- No BBB rating or accreditation available.
- Account is online-only with no physical branches.
- Current APY is significantly lower than 30 days ago.
Summary: The State Exchange Bank offers a High-Yield Savings Account with a current APY of 1.90%, a significant drop from 4.16% last month. The account has no maintenance fees and a low minimum deposit of $1. However, it requires direct deposit and is only available online, with no physical branches. The bank lacks a BBB rating, but it maintains strong app ratings, indicating good customer satisfaction.
Savings Account
Savings Account Offered by The State Exchange Bank
| Feature | High-Yield Savings Account, powered by Raisin |
|---|---|
| APY | 1.90% (as of 6/20/2025) |
| APY Trend | -2.26% MoM |
| Minimum Deposit | $1 |
| Minimum Balance for APY | N/A |
| FDIC-insured | Yes |
| Online Only | Yes |
| Bundled Account | No |
| Direct Deposit Required | No |
| Compound Frequency | Daily |
| Maintenance Fee | $0 |
| Eligibility | United States |
| Note | This account is powered by Raisin. |
No deposit agreement summary available for this bank. | |
Calculate Savings for The State Exchange Bank
All calculations are based on APY.
High-Yield Savings Account, powered by Raisin (APY: 1.90%)
Deposit Frequency:
Total savings breakdown:
- Interest earned: $2 (1.96%)
- Total contributions: $0 (0.00%)
- Initial deposit: $100 (98.04%)
Your total balance
$102.00
Effective APY: 1.90% (based on your deposit and contributions)
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
The State Exchange Bank Savings Rates Over Time
Historical APY Insights
| Metric | High-Yield Savings Account, powered by Raisin |
|---|---|
| Latest APY | 1.90 % |
| Trend | Sideways |
| Slope (bps/mo) | 4.4 |
| Rate Changes / Mo | 4.64 |
| Days Since Last Change | 12 |
| High (-4 m) | 4.26 % |
| Low (-4 m) | 1.90 % |
| Draw-down from High | -55.4 % |
| Volatility (CV) | 0.278 |
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 110 days.
- Low (-4 m)
- Lowest APY in the last 110 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.
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| Feature | The State Exchange Bank | Select a bank... |
|---|---|---|
| Product | High-Yield Savings Account, powered by Raisin | N/A |
| APY | 1.90% (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 | $1 | N/A |
| Minimum Balance for APY | N/A | N/A |
| Maintenance Fee | $0 | N/A |
| Direct Deposit Required | No | N/A |
| Note | This account is powered by Raisin. | N/A |