Banner Bank High Yield Relationship Savings
Banner Bank
Annual Percentage Yield (APY)
0.25% to 2.63% APY
Monthly Fee
$10
Welcome Bonus
up to $500
Apply Now →on Banner Bank's website
Minimum Deposit:$5,000
Annual Percentage Yield (APY):
0.25% to 2.63% APY
Welcome Bonus: Up to $500
For new accounts with qualifying deposits.
Monthly Fee:
$10
Minimum Deposit:
$5,000
Banner Bank's High Yield Relationship Savings account is designed for those who can maintain higher balances, offering tiered interest rates that reward larger deposits. The potential for a $500 bonus adds further appeal, though the monthly fee may be a consideration.
Pros:
- Tiered interest rates
- Unlimited deposits and withdrawals
Cons:
- Monthly fee
- Requires maintaining a balance to waive fees
In summary, the Banner Bank High Yield Relationship Savings account is ideal for individuals who can maintain higher balances and seek to maximize their interest earnings, especially with the added incentive of a welcome bonus. However, potential customers should weigh the monthly fee against the benefits to ensure it aligns with their financial goals.