My Banking Direct vs. Pibank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | My Banking DirectHigh Yield Savings Account Jan 7, 2026 | PibankPibank Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.02% | 4.60% |
Est. Earnings | $5,000+$201 $10,000+$402 $25,000+$1,005 | $5,000+$230 $10,000+$460 $25,000+$1,150 |
Min Deposit | $500 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo Minimums |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing My Banking Direct vs. Pibank
As of My Banking Direct offers an APY of 4.02% for its High Yield Savings Account, with a minimum balance of $1, compared to Pibank's 4.60% APY for its Pibank Savings account, with a minimum balance of $0.01.
Pibank pays $58 more than My Banking Direct on a $10,000 balance after one year. My Banking Direct pays $402, while Pibank pays $460 - an APY advantage for Pibank.
Why My Banking Direct?
- ✓Higher rated iOS app (4.7 vs 2.4)
- ✓Higher rated Android app (4.3 vs 1.7)
- ✓Fast transfers via Zelle®
Why Pibank?
- ✓Higher potential APY (4.60% vs 4.02%) on all balances
— Key Feature Differences —
Better Returns at $10,000
PibankPibank's Pibank Savings earns more on smaller deposits (approx. $460 vs $402/yr).
Better Returns at $25,000
PibankPibank's Pibank Savings pulls ahead with larger amounts (approx. $1150 vs $1005/yr).
Best for Simplicity
PibankPibank's Pibank Savings offers 4.60% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
My Banking DirectMy Banking Direct offers an iOS app rated 4.7 (vs. 2.4) and Android app rated 4.3 (vs. 1.7)
Shared Benefits
Over a 1-year period, Pibank's Pibank Savings pays $58 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
Pibank offers a higher APY of 4.60% on its Pibank Savings account, making it the winner in this comparison. This account requires a minimum deposit of just $0 and a minimum balance of $0.01, with no maintenance fees, and is available online only. In contrast, My Banking Direct provides a High Yield Savings Account with an APY of 4.02%, requiring a minimum deposit of $500 and a minimum balance of $1, also with no maintenance fees. Both banks do not require direct deposit and are FDIC insured, but Pibank stands out for its superior yields and simplicity.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Non-sponsored link to official site
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My Banking Direct vs. Pibank Savings Calculator
You earn $58 more with Pibank 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.
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
Pibank
Pibank Savings
Savings Breakdown
- Interest Earned+$460.00(4.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,460.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | My Banking Direct | Pibank |
|---|---|---|
| APY | 4.02% Verified: 1/7/2026 ↘︎ 0.18%90d Change | 4.60% Verified: 1/7/2026 Stable (90d) |
| Product Name | High Yield Savings Account | Pibank Savings |
| Minimum Deposit | $500 | $0 |
| Min. Balance for APY | $1 | $0.01 |
| 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 | iOS4.7 Android4.3 | iOS2.4 Android1.7 |
| Zelle® Support | Available Uses Flagstar/NYCB parent infrastructure. | Not Supported |
| BBB Rating | F | A |
| Next Steps | Visit SiteVerify at My Banking Direct Non-sponsored link to official site | Visit SiteVerify at Pibank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | My Banking Direct | Pibank |
|---|---|---|
| High Yield Savings Account | Pibank Savings | |
Current APY | 4.02% | 4.60% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.2 | -0.0 |
Days Since Change | 53 | 322 |
11-Month High | 4.45% | 4.60% |
11-Month Low | 4.02% | 4.60% |
Adjustments / Mo | 0.46 | 0.00 |
Volatility Score | 0.034 | 0.000 |
How to read these metrics(Click to expand)
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