Credit Karma Savings account – 2.03% APY

By | October 16, 2019 8:15 pm EST

I just got this email from Credit Karma.
Not the highest interest account option out there, but also no hoops to jump through and a quick sign up process. Also, from what I can tell, there is no balance requirement either.
https://www.creditkarma.com/savings/info
Details:

Quote :

Thanks for being a valued Credit Karma member. We see you making progress and want to help you make even more with new Credit Karma Savings.
A great savings rate.
Earn a high-yield rate that’s optimized across a network of 800+ banks.
Open in minutes.
Start saving in just a few easy steps and manage your savings account right in the Credit Karma app.
No fees. Ever.
Your savings account is 100% free, no matter your balance.

TOC:

Quote :

*Annual Percentage Yield (APY) is accurate as of 10/16/2019. This rate is variable and may change. Balance in Savings account must be at least $0.01 to earn interest.
1The balance in your savings account may be moved to one or more network banks where it is eligible for FDIC insurance up to $5,000,000 once the funds arrive at a network bank. Actual insured amounts may be lower or adversely affected based on any balances you hold at a network bank. Learn more at: https://www.fdic.gov/deposit/deposits.
2 Banking services provided by MVB Bank, Inc., Member FDIC. No minimum balance required to open account. Maximum balance of $5,000,000 and transfer limits apply.

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