Upgrade

Last Updated: 7/16/2025

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

Quick Views

Premier Savings: 4.02% APY(Rank 42 out of 77 tracked HYSAs)

Minimum Deposit: $0 | Online Only

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

Location: San Francisco, California

Affiliation: Cross River Bank

BBB Rating: A+

App Store Rating: 4.9/5

Google Play Rating: 4.5/5

Website: Visit Upgrade

Our Take on Upgrade

Highlights

Current APY of 4.02%, unchanged from 30 days ago.
No maintenance fees on the Premier Savings account.
A+ BBB rating indicates strong trustworthiness.
High app rating of 4.9 on the App Store.

Considerations

Minimum balance requirement of $1,000 for Premier Savings.
No branches available for in-person banking.
Direct deposit not required, which may limit options for some users.
Google Play rating is lower at 4.5.

Summary: Upgrade offers a competitive APY of 4.02% on its Premier Savings account, with no maintenance fees and a strong A+ BBB rating. However, the account requires a minimum balance of $1,000 and lacks physical branches. The bank has a high app rating of 4.9, although its Google Play rating is slightly lower at 4.5. The absence of a direct deposit requirement may limit some users' options.

Savings Account

Savings Account Offered by Upgrade

Feature	Premier Savings
APY	4.02% (as of 7/16/2025)
APY Trend	Stable for the last month
Minimum Deposit	$0
Minimum Balance for APY	$1,000
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	United States
No deposit agreement summary available for this bank.

Calculate Savings for Upgrade

All calculations are based on APY.

Savings Product:

Premier Savings (APY: 4.02%)

Initial Deposit:

⚠️ The minimum balance for APY on this account is $1,000.

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $0 (0.00%)
Total contributions: $0 (0.00%)
Initial deposit: $100 (100.00%)

Your total balance

$100.00

Effective APY: 0.00% (based on your deposit and contributions)

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

Upgrade Savings Rates Over Time

Historical APY Insights

Metric	Premier Savings
Latest APY	4.02 %
Trend	Sideways
Slope (bps/mo)	-2.8
Rate Changes / Mo	0.17
Days Since Last Change	113
High (-6 m)	4.14 %
Low (-6 m)	4.02 %
Draw-down from High	-2.9 %
Volatility (CV)	0.014

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 6 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 (-6 m): Highest APY in the last 175 days.
Low (-6 m): Lowest APY in the last 175 days.
Draw-down from High: How far today sits below the 6-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 Upgrade's Savings Account

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Citizens Access™ - 3.70% APY
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ConnectOne Bank - 4.00% APY
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LendingClub - 3.20-4.20% APY
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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 - 4.30% APY
Peak Bank - 4.44% APY
Pibank - 4.60% APY
PNC - 3.95% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.05% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 4.05% APY
Primis Bank - 4.35% APY
Quontic Bank - 3.75% APY
RBMAX - 4.15% APY
Rising Bank - 4.30% APY
ROGER - 4.12% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.03% APY
SoFi Bank - 3.80% APY
Synchrony Bank - 3.80% APY
TAB Bank - 4.15% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 1.90% APY
TIMBR - 4.40% APY
UFB Direct - 4.01-4.21% APY
Valley Direct - 4.30% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.25% APY
Zynlo Bank - 4.35% APY

Feature	Upgrade	Select a bank...
Product	Premier Savings	N/A
APY	4.02% (as of 7/16/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Daily	N/A
Minimum Deposit	$0	N/A
Minimum Balance for APY	$1,000	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A