Upgrade: Savings Accounts & Rates

Savings rates updated: 10/14/2025

Mission statement: Banksparency aims to make Upgrade'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

Premier Savings: 3.42% APY(Rank 72 out of 82 tracked HYSAs)

Minimum Deposit: $0 | 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: San Francisco, California

Affiliation: Cross River Bank

Deposit Insurance: FDIC Cert # 58410

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 is 3.42%, competitive for high-yield savings accounts.
No maintenance fees, making it cost-effective.
A+ BBB rating indicates high trustworthiness.
App Store rating is 4.9, suggesting user satisfaction.

Considerations

APY decreased from 4.02% in the last 30 days.
Minimum balance requirement of $1,000 may limit access.
Online-only account may not suit all users.
No branches for in-person banking needs.

Summary: Upgrade offers a high-yield Premier Savings account with a current APY of 3.42%, down from 4.02% last month. The account has no maintenance fees and an A+ BBB rating, reflecting its reliability. However, the $1,000 minimum balance requirement and online-only access may be drawbacks for some savers. With a strong app rating of 4.9, Upgrade is appealing for tech-savvy users looking for a digital banking experience.

Savings Account: In-Depth View

Savings Account Offered by Upgrade

Feature	Premier Savings
APY	3.42% (as of 10/14/2025)
APY Trend	-0.60% MoM
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
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for Upgrade

All calculations are based on APY.

Savings Product:

Premier Savings (APY: 3.42%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,330.8 (8.68%)
Total contributions: $13,000 (84.80%)
Initial deposit: $1,000 (6.52%)

Your total balance

$15,330.80

Effective APY: 3.42% (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	3.42 %
Trend	Sideways
Slope (bps/mo)	-4.7
Rate Changes / Mo	0.23
Days Since Last Change	23
High (-9 m)	4.14 %
Low (-9 m)	3.42 %
Draw-down from High	-17.4 %
Volatility (CV)	0.046

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 9 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 (-9 m): Highest APY in the last 266 days.
Low (-9 m): Lowest APY in the last 266 days.
Draw-down from High: How far today sits below the 9-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

Affirm - 3.60% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.40% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Ameriprise Bank - 3.15-3.15% APY
Axos Bank - 4.51% APY
Bank5 Connect - 4.05% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 4.05% APY
Betterment - 3.75% APY
BMO Alto - 3.25% APY
Bread Savings - 4.20% APY
BrioDirect - 4.20% APY
Capital One - 3.40% 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 - 3.92% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.40% APY
Citizens Access™ - 3.50% APY
Colorado Federal Savings Bank - 4.05% APY
ConnectOne Bank - 3.85% APY
Customers Bank - 3.98% APY
Discover Bank - 3.40% APY
Elevault - 4.34% APY
E*TRADE from Morgan Stanley - 3.75% APY
EverBank - 4.05% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.10% APY
Fitness Bank - 4.75% APY
Flagstar Bank - 3.90% APY
FNBO Direct - 3.00% APY
Forbright Bank - 4.00% APY
FVCbank - 4.10% 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 - 4.20% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.50% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.20% APY
Pibank - 4.60% APY
PNC - 3.85% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.05% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.10% APY
ROGER - 3.87% 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 - 3.80% APY
TD Bank - 0.05-2.75% APY
The State Exchange Bank - 3.86% APY
TIMBR - 4.40% APY
UFB Direct - 3.76-3.96% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-0.05% APY
Western Alliance Bank - 4.10% APY
Zynlo Bank - 4.20% APY

Feature	Upgrade	Select a bank...
Product	Premier Savings	N/A
APY	3.42% (as of 10/14/2025)	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

Alternatives to Upgrade

Banks with Higher/Similar Savings APY

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

Barclays

Tiered Savings: 4.10% APY

Minimum Deposit: $0

Online Only

Online Savings: 3.70% APY

Minimum Deposit: $0

Online Only

Citibank

Citi Accelerate Savings: 3.40% APY

Minimum Deposit: $0

Online Only

Eligible States: Limited (see details)

Citi® Savings Account: 0.03% APY

Minimum Deposit: $0

Eligible States: Limited (see details)

All America Bank

Regular Savings: 1.25% APY

Minimum Deposit: $50

Super Savers MMDA: 3.25% APY

Minimum Deposit: $2,500

Customers Bank

Yield Shield Savings Account: 3.98% APY

Minimum Deposit: $25,000

Online Only

Peak Bank

Envision High Yield Savings: 4.20% APY

Minimum Deposit: $100

Online Only

RBMAX

Max Interest Savings: 3.90% APY

Minimum Deposit: $10

Online Only

PNC

Standard Savings: 0.03% APY

Minimum Deposit: $0

PNC High Yield Savings: 3.85% APY

Minimum Deposit: $0

Eligible States: Limited (see details)

Ameriprise Bank

Savings Account: 3.15% APY

Minimum Deposit: $100

Bank5 Connect

Connect Savings: 1.50% APY

Minimum Deposit: $10

Online Only

Jumbo Savings: 4.05% APY

Minimum Deposit: $25,000

Online Only

Presidential Bank

Advantage Savings: 4.50% 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.

UFB Direct

UFB Portfolio Savings: 3.76% APY

Minimum Deposit: $0

Online Only

UFB Checking and Savings Bundle: 3.96% APY

Minimum Deposit: $5000

Online Only

Direct Deposit: Not required

Marcus by Goldman Sachs

Marcus Online Savings Account: 3.65% APY

Minimum Deposit: $0

Online Only