TIMBR: Savings Accounts & Rates

Savings rates updated: 9/19/2025

Mission statement: Banksparency aims to make TIMBR's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

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

We earn a commission if you open an account through some links on this page.

Savings Overview

Premium Savings Account: 4.40% APY(Rank 12 of the 20 Best Savings Rates)

Minimum Deposit: $1,000 | Online Only

National Savings Interest Rate: 0.4% (as of 9/15/2025)

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: St. Louis Park, Minnesota

Founded: 2005

Affiliation: TIMBR is a division of Bridgewater Bank

Deposit Insurance: FDIC Cert # 58210

BBB Rating: A+ (Not BBB Accredited)

App Store Rating: N/A

Google Play Rating: N/A

Website: Visit TIMBR

Our Take on TIMBR

Highlights

Current APY of 4.40% with no maintenance fees.
No minimum balance requirement for the Premium Savings Account.
A+ BBB rating indicates strong trustworthiness.
Online-only account offers convenience for savers.

Considerations

Minimum deposit requirement of $1,000 to open the account.
No direct deposit requirement may limit some users.
Lack of physical branches may be inconvenient for some.
Only one savings account option available.

Summary: TIMBR offers a competitive Premium Savings Account with a 4.40% APY and no maintenance fees, making it attractive for savers. The account requires a $1,000 minimum deposit but has no minimum balance requirement. With an A+ BBB rating, the bank is considered trustworthy, although it lacks physical branches and only offers one savings account option. Overall, it's a solid choice for those comfortable with online banking.

Savings Account: In-Depth View

Savings Account Offered by TIMBR

Feature	Premium Savings Account
APY	4.40% (as of 9/19/2025)
APY Trend	Stable for the last quarter
Minimum Deposit	$1,000
Minimum Balance for APY	$0
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	United States
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for TIMBR

All calculations are based on APY.

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,733.7 (11.02%)
Total contributions: $13,000 (82.63%)
Initial deposit: $1,000 (6.36%)

Your total balance

$15,733.70

Effective APY: 4.40% (based on your deposit and contributions)

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

TIMBR Savings Rates Over Time

Historical APY Insights

Metric	Premium Savings Account
Latest APY	4.40 %
Trend	Sideways
Slope (bps/mo)	-2.4
Rate Changes / Mo	0.14
Days Since Last Change	159
High (-7 m)	4.55 %
Low (-7 m)	4.40 %
Draw-down from High	-3.3 %
Volatility (CV)	0.015

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 7 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 (-7 m): Highest APY in the last 213 days.
Low (-7 m): Lowest APY in the last 213 days.
Draw-down from High: How far today sits below the 7-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 TIMBR's Savings Account

Affirm - 3.85% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.50% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Ameriprise Bank - 3.15-3.15% APY
Axos Bank - 4.46% APY
Bank5 Connect - 4.05% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 4.05% APY
Betterment - 4.00% APY
BMO Alto - 3.25% APY
Bread Savings - 4.25% APY
BrioDirect - 4.30% APY
Capital One - 3.50% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
Chime - 1.25-3.75% APY
CIBC Bank USA - 4.02% APY
CIT Bank - 0.25-4.00% APY
Citibank - 3.40% APY
Citizens Access™ - 3.50% APY
Colorado Federal Savings Bank - 4.15% APY
ConnectOne Bank - 3.75% APY
Customers Bank - 4.23% APY
Discover Bank - 3.50% APY
Elevault - 4.60% APY
E*TRADE from Morgan Stanley - 4.00% APY
EverBank - 4.05% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.25% APY
Fitness Bank - 4.75% APY
Flagstar Bank - 4.00% APY
FNBO Direct - 3.25% APY
Forbright Bank - 4.25% APY
FVCbank - 4.45% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.00% APY
Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% APY
My Banking Direct - 4.30% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.60% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.35% APY
Pibank - 4.60% APY
PNC - 3.95% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.10% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 4.05% APY
Primis Bank - 4.20% APY
Quontic Bank - 3.75% APY
RBMAX - 4.15% APY
Rising Bank - 4.20% APY
ROGER - 4.12% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.50% APY
Synchrony Bank - 3.80% APY
TAB Bank - 4.15% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 4.21% APY
UFB Direct - 3.90-4.10% APY
Upgrade - 4.02% APY
Valley Direct - 4.05% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.20% APY
Zynlo Bank - 4.35% APY

Feature	TIMBR	Select a bank...
Product	Premium Savings Account	N/A
APY	4.40% (as of 9/19/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Daily	N/A
Minimum Deposit	$1,000	N/A
Minimum Balance for APY	$0	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A

Bank-to-Bank Comparisons

Compare TIMBR's APY of 4.40% with other banks

Bank Pair	Competitor APY	Min Deposit
TIMBR vs Ally Bank	3.50%	$0
TIMBR vs American Express	3.50%	$0
TIMBR vs Axos Bank	4.46%	$0
TIMBR vs Bank of America	0.01%	$100
TIMBR vs Barclays	4.10%	$0
TIMBR vs BrioDirect	4.30%	$5,000
TIMBR vs Capital One	3.50%	$0
TIMBR vs Chase Bank	0.01%	$0
TIMBR vs Chime	3.75%	$0
TIMBR vs CIT Bank	4.00%	$100
TIMBR vs Discover Bank	3.50%	$0
TIMBR vs Elevault	4.60%	$0
TIMBR vs EverBank	4.05%	$0
TIMBR vs Fitness Bank	4.75%	$100
TIMBR vs FVCbank	4.45%	$500
TIMBR vs GO2bank	4.50%	$0
TIMBR vs Marcus by Goldman Sachs	3.65%	$0
TIMBR vs Neighbors Bank	4.60%	$0
TIMBR vs Newtek Bank	4.35%	$0
TIMBR vs Peak Bank	4.35%	$100
TIMBR vs Pibank	4.60%	$0
TIMBR vs Presidential Bank	4.50%	$5,000
TIMBR vs Santander Bank	0.01%	$25
TIMBR vs SoFi Bank	4.50%	$0
TIMBR vs Synchrony Bank	3.80%	$0
TIMBR vs UFB Direct	4.10%	$5000
TIMBR vs Varo Bank	5.00%	$0
TIMBR vs Wells Fargo	2.51%	$25
TIMBR vs Zynlo Bank	4.35%	$10

Alternatives to TIMBR

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

Presidential Bank

Advantage Savings: 4.50% APY

High-Yield Savings Account: 5.00% APY

Minimum Deposit: $0

Online Only

Direct Deposit: Min. $1,000/month

SoFi Bank

SoFi Savings: 4.50% APY

Bundled Savings & Checking Account

Minimum Deposit: $0

Online Only

Newtek Bank

Personal High Yield Savings: 4.35% APY

Minimum Deposit: $0

Online Only