The State Exchange Bank
Last Updated: 6/30/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
High-Yield Savings Account, powered by Raisin: 1.90% APY(Rank 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)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
Feature | High-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 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 | Falling |
Slope (bps/mo) | -9.5 |
Rate Changes / Mo | 4.29 |
Days Since Last Change | 21 |
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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Feature | The State Exchange Bank | Select a bank... |
---|---|---|
Product | High-Yield Savings Account, powered by Raisin | N/A |
APY | 1.90% (as of 6/30/2025) | 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 |