Upgrade: Savings Account & Rates
Mission: Banksparency aims to make Upgrade's savings accounts transparent and comparable to the market.
Savings Overview
Premier Savings
| Min. Deposit | $0 |
| Min. Balance | $1,000 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.25% APY.
Bank Overview
- HQ LocationSan Francisco, California
- Ratings & Trust
- Deposit InsuranceFDIC Insured(Cert: 58410)
Our Take on Upgrade
Highlights
- High APY of 3.05% for Premier Savings
- No maintenance fees for any account
- No minimum deposit required for opening
- Strong BBB rating of A+
Considerations
- Minimum balance of $1,000 to earn APY
- Online-only account may lack personal service
- No direct deposit option available
- Limited account options compared to other banks
Savings Account: In-Depth View
Savings Account Offered by Upgrade
| Feature | Premier Savings |
|---|---|
APY | 3.05%Verified: 12/6/2025 |
APY Trend | Rate Adjusted -0.97% Since 90 days ago |
Min. Deposit | $0 |
Min. Balance | $1,000 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
| Next Steps | - |
Calculate Savings for Upgrade
Savings Breakdown
- Interest Earned+$1,181.20(7.8%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,181.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Upgrade Savings Rates Over Time
Historical APY Insights
Last 10 Months| Metric | Premier Savings |
|---|---|
Latest APY | 3.05% |
Trend | Falling |
Slope (bps/mo) | -10.1 |
Rate Changes / Mo | 0.28 |
Days Since Last Change | 35 |
High (-10m) | 4.14% |
Low (-10m) | 3.05% |
Draw-down | -26.3% |
Volatility (CV) | 0.102 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 318-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Upgrade
| Feature | Current View Upgrade | Empty Slot |
|---|---|---|
| Product | Premier Savings | - |
APY | 3.05%Verified: 12/6/2025 | - |
APY Trend | Rate Adjusted -0.97% Since 90 days ago | - |
| Min. Deposit | $0 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Next Steps | - | - |
Alternatives to Upgrade
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Northeast Bank
Propel Fusion Savings: 0.05% APY
Minimum Deposit: $50
Eligible States: Limited (see details)
High-Yield Savings: 3.00% APY
Minimum Deposit: $2,500
Eligible States: Limited (see details)
Propel Preferred Savings: 3.00% APY
Bundled Savings & Checking Account
Minimum Deposit: $50
Eligible States: Limited (see details)
Popular Direct
Popular Direct Select Savings: 4.00% APY
Minimum Deposit: $100
Online Only
Presidential Bank
Advantage Savings: 4.00% APY
Bundled Savings & Checking Account
Minimum Deposit: $5,000
Direct Deposit: To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.
LendingClub
LevelUp Savings: 4.20% APY
Minimum Deposit: $0
Online Only
BrioDirect
High-Yield Savings Account: 4.00% APY
Minimum Deposit: $5,000
Online Only
RBMAX
Max Interest Savings: 3.65% APY
Minimum Deposit: $10
Online Only
Newtek Bank
Personal High Yield Savings: 4.35% APY
Minimum Deposit: $0.01
Online Only
Poppy Bank
Poppy Personal Savings: 0.10% APY
Minimum Deposit: $1,000
Poppy Premier Online Savings: 4.00% APY
Minimum Deposit: $1,000
Online Only
Poppy Premier Personal Savings: 0.50% APY
Minimum Deposit: $1,000
FNBO Direct
High-Yield Online Savings Account: 3.00% APY
Minimum Deposit: $1
Online Only
Wells Fargo
Way2Save Savings: 0.01% APY
Minimum Deposit: $25
Platinum Savings: 0.05% APY
Bundled Savings & Checking Account
Minimum Deposit: $25
Customers Bank
Yield Shield Savings Account: 3.73% APY
Minimum Deposit: $25,000
Online Only
Bask Bank
Interest Savings Account: 3.90% APY
Minimum Deposit: $0
Online Only