FVCbank vs. My Banking Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | FVCbankAdvantage Direct Savings Jan 7, 2026 | My Banking DirectHigh Yield Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 3.85% | 4.02% |
Est. Earnings | $5,000+$193 $10,000+$385 $25,000+$963 | $5,000+$201 $10,000+$402 $25,000+$1,005 |
Min Deposit | $500 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppZelle® Supported | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing FVCbank vs. My Banking Direct
As of FVCbank offers an APY of 3.85% for its Advantage Direct Savings account, with a minimum balance of $500, compared to My Banking Direct's 4.02% APY for its High Yield Savings Account, with a minimum balance of $1.
My Banking Direct pays $17 more than FVCbank on a $10,000 balance after one year. FVCbank pays $385, while My Banking Direct pays $402 - an APY advantage for My Banking Direct.
Why FVCbank?
No distinct advantages found vs My Banking Direct.
Why My Banking Direct?
- ✓Higher potential APY (4.02% vs 3.85%) on all balances
- ✓Higher rated iOS app (4.7 vs 4.4)
- ✓Higher rated Android app (4.3 vs 3.6)
— Key Feature Differences —
Better Returns at $10,000
My Banking DirectMy Banking Direct's High Yield Savings Account earns more on smaller deposits (approx. $402 vs $385/yr).
Better Returns at $25,000
My Banking DirectMy Banking Direct's High Yield Savings Account pulls ahead with larger amounts (approx. $1005 vs $963/yr).
Best Mobile App Experience
My Banking DirectMy Banking Direct offers an iOS app rated 4.7 (vs. 4.4) and Android app rated 4.3 (vs. 3.6)
Shared Benefits
Over a 1-year period, My Banking Direct's High Yield Savings Account pays $17 more interest on a $10,000 balance than FVCbank's Advantage Direct Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
FVCbank offers an Advantage Direct Savings account with a competitive APY of 3.85%, requiring a minimum deposit of $500 and no maintenance fees. However, My Banking Direct's High Yield Savings Account stands out with a higher APY of 4.02%, also requiring a minimum deposit of $500 but only a $1 minimum balance. Both accounts are online-only and do not require direct deposit. My Banking Direct not only provides better returns on larger deposits but also boasts superior mobile app ratings, making it the neutral winner based on the provided data.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
FVCbank vs. My Banking Direct Savings Calculator
You earn $17 more with My Banking Direct than FVCbank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
FVCbank
Advantage Direct Savings
Savings Breakdown
- Interest Earned+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
My Banking Direct
High Yield Savings Account
Savings Breakdown
- Interest Earned+$402.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,402.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | FVCbank | My Banking Direct |
|---|---|---|
| APY | 3.85% Verified: 1/7/2026 ↘︎ 0.25%90d Change | 4.02% Verified: 1/7/2026 ↘︎ 0.18%90d Change |
| Product Name | Advantage Direct Savings | High Yield Savings Account |
| Minimum Deposit | $500 | $500 |
| Min. Balance for APY | $500 | $1 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.4 Android3.6 | iOS4.7 Android4.3 |
| Zelle® Support | Available Integrated into mobile app. | Available Uses Flagstar/NYCB parent infrastructure. |
| BBB Rating | B- | F |
| Next Steps | Visit SiteVerify at FVCbank Non-sponsored link to official site | Visit SiteVerify at My Banking Direct Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | FVCbank | My Banking Direct |
|---|---|---|
| Advantage Direct Savings | High Yield Savings Account | |
Current APY | 3.85% | 4.02% |
Trend | Stable | Stable |
Velocity (bps/mo) | -8.5 | -4.5 |
Days Since Change | 67 | 53 |
10-Month High | 4.55% | 4.40% |
10-Month Low | 3.85% | 4.02% |
Adjustments / Mo | 0.81 | 0.41 |
Volatility Score | 0.063 | 0.033 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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