Jenius Bank vs. My Banking Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Jenius BankJenius Savings Jan 7, 2026 | My Banking DirectHigh Yield Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 4.05% | 4.02% |
Est. Earnings | $5,000+$203 $10,000+$405 $25,000+$1,013 | $5,000+$201 $10,000+$402 $25,000+$1,005 |
Min Deposit | $0 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo Minimums | 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 Jenius Bank vs. My Banking Direct
As of Jenius Bank offers an APY of 4.05% for its Jenius Savings account, with a minimum balance of $0, compared to My Banking Direct's 4.02% APY for its High Yield Savings Account, with a minimum balance of $1.
Jenius Bank pays $3 more than My Banking Direct on a $10,000 balance after one year. Jenius Bank pays $405, while My Banking Direct pays $402 - an APY advantage for Jenius Bank.
Why Jenius Bank?
No distinct advantages found vs My Banking Direct.
Why My Banking Direct?
- ✓Higher rated iOS app (4.7 vs 4.0)
- ✓Higher rated Android app (4.3 vs 3.6)
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Best Mobile App Experience
My Banking DirectMy Banking Direct offers an iOS app rated 4.7 (vs. 4.0) and Android app rated 4.3 (vs. 3.6)
Shared Benefits
Over a 1-year period, Jenius Bank's Jenius Savings pays $3 more interest on a $10,000 balance than My Banking Direct's High Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Jenius Bank offers a competitive Jenius Savings account with an APY of 4.05%, making it the higher-yield option compared to My Banking Direct's High Yield Savings Account, which has an APY of 4.02%. Both accounts are online-only and do not require direct deposit. Jenius Bank has no minimum deposit or balance requirements, while My Banking Direct requires a minimum deposit of $500 and a minimum balance of $1. Additionally, My Banking Direct is noted for its superior mobile app experience, with higher ratings on both iOS and Android platforms.
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
Jenius Bank vs. My Banking Direct Savings Calculator
You earn $3 more with Jenius Bank than My Banking Direct 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.
Jenius Bank
Jenius Savings
Savings Breakdown
- Interest Earned+$405.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,405.00
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 | Jenius Bank | My Banking Direct |
|---|---|---|
| APY | 4.05% Verified: 1/7/2026 ↘︎ 0.15%90d Change | 4.02% Verified: 1/7/2026 ↘︎ 0.18%90d Change |
| Product Name | Jenius Savings | High Yield Savings Account |
| Minimum Deposit | $0 | $500 |
| Min. Balance for APY | $0 | $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 | iOS4.0 Android3.6 | iOS4.7 Android4.3 |
| Zelle® Support | Not Supported | Available Uses Flagstar/NYCB parent infrastructure. |
| BBB Rating | A+ | F |
| Next Steps | Visit SiteVerify at Jenius Bank 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 | Jenius Bank | My Banking Direct |
|---|---|---|
| Jenius Savings | High Yield Savings Account | |
Current APY | 4.05% | 4.02% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.8 | -4.0 |
Days Since Change | 50 | 53 |
11-Month High | 4.50% | 4.45% |
11-Month Low | 4.05% | 4.02% |
Adjustments / Mo | 0.17 | 0.43 |
Volatility Score | 0.030 | 0.035 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Jenius Bank vs...
Comparing against Standard Savings
Compare My Banking Direct vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.