The State Exchange Bank

Last Updated: 6/30/2025

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

Quick Views

High-Yield Savings Account, powered by Raisin: 1.90% APY(Rank 76 out of 76 tracked HYSAs)

Minimum Deposit: $1 | Online Only | Powered by Raisin

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

App Store Rating: 4.9/5

Google Play Rating: 4.5/5

Website: Visit The State Exchange Bank

Our Take on The State Exchange Bank

Highlights

  • Current APY is 1.90%, down from 4.10% in the last 30 days.
  • No maintenance fees for the High-Yield Savings Account.
  • App Store rating of 4.9 indicates strong user satisfaction.
  • Google Play rating of 4.5 shows positive user feedback.

Considerations

  • Direct deposit is not required, but may limit some users.
  • Current APY is significantly lower than 30 days ago.
  • Account is online-only, limiting access to physical branches.
  • No BBB rating available to assess trustworthiness.
Summary: The State Exchange Bank offers a High-Yield Savings Account with a current APY of 1.90%, which has decreased from 4.10% in the past month. The account has no maintenance fees, appealing to cost-conscious savers. However, it is online-only, which may not suit everyone, and lacks a BBB rating for trust evaluation. User satisfaction is high, with an App Store rating of 4.9 and a Google Play rating of 4.5.

Savings Account

Savings Account Offered by The State Exchange Bank

FeatureHigh-Yield Savings Account, powered by Raisin
APY
1.90% (as of 6/30/2025)
APY Trend-2.20% MoM
Minimum Deposit$1
Minimum Balance for APYN/A
FDIC-insured
Yes
Online OnlyYes
Bundled Account
No
Direct Deposit Required
No
Compound Frequency
Daily
Maintenance Fee$0
EligibilityUnited States
NoteThis 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

MetricHigh-Yield Savings Account, powered by Raisin
Latest APY1.90 %
TrendFalling
Slope (bps/mo)-9.5
Rate Changes / Mo4.29
Days Since Last Change21
High (-4 m)4.26 %
Low (-4 m)1.90 %
Draw-down from High-55.4 %
Volatility (CV)0.296
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 119 days.
Low (-4 m)
Lowest APY in the last 119 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 The State Exchange Bank's Savings Account

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FeatureThe State Exchange BankSelect a bank...
ProductHigh-Yield Savings Account, powered by RaisinN/A
APY
1.90% (as of 6/30/2025)N/A
Bundled Account
NoN/A
FDIC-insured
YesN/A
Online OnlyYesN/A
Compound Frequency
DailyN/A
Minimum Deposit$1N/A
Minimum Balance for APYN/AN/A
Maintenance Fee$0N/A
Direct Deposit Required
NoN/A
NoteThis account is powered by Raisin. N/A