Openbank vs. Pibank
Pibank edges out Openbank slightly at 4.10% vs 4.00% APY. On a $10,000 balance, the difference is just $10 per year—so other factors may matter more.
The Bottom Line
The Openbank and Pibank savings accounts are very similar. Choose Openbank if mobile app quality matters.
| Metric | OpenbankHigh-Yield Savings Account Jun 2, 2026 | PibankPibank Savings Jul 7, 2026 |
|---|---|---|
| APY | 4.00% | 4.10% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$205 $10,000+$410 $25,000+$1,025 |
Min Deposit | $500 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppRate Changes Often | FDIC InsuredNo MinimumsDaily CompoundingStable Rate |
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.
Executive Summary
Pibank offers a competitive APY of 4.10% on its Pibank Savings account, which compounds daily and requires a minimum deposit of just $0.01. In comparison, Openbank provides a slightly lower APY of 4.00% on its High-Yield Savings Account, with a minimum deposit of $500. Both banks have no maintenance fees and are online-only, making them accessible without physical branches. While Openbank's account is a solid option, Pibank stands out as the winner due to its higher interest rate.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Openbank?
- ✓Higher rated iOS app (4.6 vs 2.1)
Why Pibank?
No distinct advantages found vs Openbank.
Shared Benefits
Over a 1-year period, Pibank's Pibank Savings pays $10 more interest on a $10,000 balance than Openbank's High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
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Openbank vs. Pibank Savings Calculator
You earn $10 more with Pibank than Openbank 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.
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
Pibank
Pibank Savings
Savings Breakdown
- Interest Earned+$410.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,410.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $399 per year in interest.
Both Openbank and Pibank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Openbank | Pibank |
|---|---|---|
| APY | 4.00% Verified: 6/2/2026 ↘︎ 0.09%90d Change | 4.10% Verified: 7/7/2026 ↘︎ 0.50%90d Change |
| Product Name | High-Yield Savings Account | Pibank Savings |
| Minimum Deposit | $500 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Monthly | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | Not Rated | A+ |
| Next Steps | Visit SiteVerify at Openbank Non-sponsored link to official site | Visit SiteVerify at Pibank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Openbank | Pibank |
|---|---|---|
| High-Yield Savings Account | Pibank Savings | |
Current APY | 4.00% | 4.10% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.3 | -1.8 |
Days Since Change | 63 | -30 |
12-Month High | 4.40% | 4.60% |
12-Month Low | 4.00% | 4.10% |
Adjustments / Mo | 0.33 | 0.16 |
Volatility Score | 0.020 | 0.022 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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