My Banking Direct vs. TIMBR
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 | TIMBRPremium Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 4.02% | 4.40% |
Est. Earnings | $5,000+$201 $10,000+$402 $25,000+$1,005 | $5,000+$220 $10,000+$440 $25,000+$1,100 |
Min Deposit | $500 | $1,000 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredLow 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. TIMBR
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 TIMBR's 4.40% APY for its Premium Savings Account, with a minimum balance of $0.
TIMBR pays $38 more than My Banking Direct on a $10,000 balance after one year. My Banking Direct pays $402, while TIMBR pays $440 - an APY advantage for TIMBR.
Why My Banking Direct?
- ✓Higher rated iOS app (4.7 vs 0.0)
- ✓Higher rated Android app (4.3 vs 0.0)
- ✓Fast transfers via Zelle®
Why TIMBR?
- ✓Higher potential APY (4.40% vs 4.02%) on all balances
— Key Feature Differences —
Better Returns at $10,000
TIMBRTIMBR's Premium Savings Account earns more on smaller deposits (approx. $440 vs $402/yr).
Better Returns at $25,000
TIMBRTIMBR's Premium Savings Account pulls ahead with larger amounts (approx. $1100 vs $1005/yr).
Best for Simplicity
TIMBRTIMBR's Premium Savings Account offers 4.40% 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. 0.0) and Android app rated 4.3 (vs. 0.0)
Shared Benefits
Over a 1-year period, TIMBR's Premium Savings Account pays $38 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
TIMBR offers a Premium Savings Account with a competitive APY of 4.40%, making it the winner in this comparison. This account requires a minimum deposit of $1,000 and has no maintenance fees or direct deposit requirements, providing a straightforward savings option. In contrast, My Banking Direct's High Yield Savings Account offers a slightly lower APY of 4.02% and requires a minimum deposit of $500, but it is noted for its excellent mobile app experience. Both accounts are online-only and FDIC insured.
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
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My Banking Direct vs. TIMBR Savings Calculator
You earn $38 more with TIMBR 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
TIMBR
Premium Savings Account
Savings Breakdown
- Interest Earned+$440.00(4.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,440.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | My Banking Direct | TIMBR |
|---|---|---|
| APY | 4.02% Verified: 1/7/2026 ↘︎ 0.18%90d Change | 4.40% Verified: 1/7/2026 Stable (90d) |
| Product Name | High Yield Savings Account | Premium Savings Account |
| Minimum Deposit | $500 | $1,000 |
| Min. Balance for APY | $1 | $0 |
| 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 | iOS- Android- |
| 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 TIMBR Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | My Banking Direct | TIMBR |
|---|---|---|
| High Yield Savings Account | Premium Savings Account | |
Current APY | 4.02% | 4.40% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.2 | -1.1 |
Days Since Change | 53 | 268 |
11-Month High | 4.45% | 4.55% |
11-Month Low | 4.02% | 4.40% |
Adjustments / Mo | 0.47 | 0.09 |
Volatility Score | 0.034 | 0.012 |
How to read these metrics(Click to expand)
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