How we make money: Some links on this page may earn us a commission. That never affects our scores or the order of our picks, which follow our published methodology. Advertiser disclosure
Always.bank High Yield Savings Account Review
Our take: One of the highest rates we track with no minimum, no fees and no monthly rules. A newer brand from a century old Alabama bank.
Pros
- 4.10% APY with no monthly rules
- No minimum to open and no monthly fee
- Backed by a bank founded in 1917
Cons
- No ATM card or debit card from savings
- Newer brand and app with few reviews
- Deposits share one FDIC limit with 22nd State Bank
Key facts
- APY
- 4.10%
- Requirements
- None
- Minimum to open
- $0
- Minimum to earn APY
- None
- Monthly fee
- No monthly fee
- ATM access
- None, transfers only
- Current offer
- None right now
- Insurance
- FDIC insured through 22nd State Banking Company up to $250,000 per depositor, per ownership category
- FDIC certificate
- 16910 (22nd State Banking Company, Mobile, AL)
- Who can open
- US residents 18 or older with an SSN
- Mobile app
- Always.bank app: too new for meaningful ratings (Sep 29, 2026); scored 3.0 until it has them
- Customer service
- (877) 259-2979
Source: Always.bank website, checked Oct 27, 2026. Insurance details from the FDIC BankFind database.
Always.bank High Yield Savings pays 4.10% APY on any balance, with no minimum deposit, no minimum balance and no monthly or transaction fees. There are no direct deposit or monthly rules. Always.bank is the digital division of 22nd State Banking Company (FDIC certificate 16910). Rate effective as of Oct 27, 2026, checked on Oct 27, 2026.
Always.bank savings rate and terms today
| Feature | Details |
|---|---|
| APY | 4.10% on any balance |
| Minimum to open | $0 |
| Minimum balance | None |
| Monthly fee | None |
| Transaction fees | None |
From Always.bank’s savings page, which lists rates as effective at 12:01 AM Eastern time each day; checked October 18, 2026. Rates are variable. On $10,000, the rate earns about $410 in a year if it stays the same.
Our verdict
Always.bank pays 4.10% APY on its high yield savings account with no minimum to open, no minimum balance, no monthly fee and no deposit rules. That puts it among the highest rates we track that you can earn without doing anything.
Always.bank is a digital division of 22nd State Banking Company in Mobile, Alabama, a bank that dates back to 1917. The brand is newer, and its app is too new to have meaningful app store ratings yet.
What you need to open it
- US resident, age 18 or older, with a valid SSN and government ID
- A linked external bank account to fund it
- No minimum deposit
Fees
Always.bank lists a $0 monthly maintenance fee, a $0 minimum opening deposit, no minimum balance requirement and no transaction fees.
Is Always.bank safe?
Yes. Deposits are held at 22nd State Banking Company, FDIC certificate 16910, which we confirmed in the FDIC BankFind database. Deposits at Always.bank and 22nd State Bank are combined for FDIC insurance, up to $250,000 per depositor, per ownership category.
Who it is best for
- Savers who want a top rate without direct deposit or monthly rules
- Anyone starting small, since there is no minimum
Who should look elsewhere
- People who want ATM access from savings; see Happen Bank
- People who want a long track record for the app and brand
How we rated it
It earns top marks on rate, fees and ease. It loses points on access, since money moves by transfer, and on app and support because the app does not have enough ratings yet, so we score it 3.0 until it does. It scores 4.4 out of 5 on our scorecard for this category. See how we score on the comparison page and our methodology.
How Always.bank compares
| Account | Rating | APY | Min to open | ATM card |
|---|---|---|---|---|
| Elevault High Yield Savings | 4.6 | 4.34% | $0 | No |
| EverBank Performance Savings Account | 4.6 | 4.20% | $0 | No |
| Happen Bank LevelUp Savings | 4.6 | 4.20% | $0 | Yes |
| Bread Savings High Yield Savings Account | 4.6 | 4.05% | $100 | No |
| Peak Bank Envision High Yield Savings | 4.5 | 4.27% | $100 | No |
| Newtek Bank Personal High Yield Savings Account | 4.5 | 4.20% | $100 | No |
| Openbank High Yield Savings Account | 4.5 | 4.00% | $500 | No |
| E*TRADE Premium Savings | 4.5 | 3.75% | $0 | No |
| Axos ONE Savings | 4.4 | 4.21% | $0 | Yes |
| Always.bank High Yield Savings Account | 4.4 | 4.10% | $0 | No |
| Barclays Tiered Savings | 4.4 | 3.50% | $0 | No |
| Capital One 360 Performance Savings | 4.4 | 3.20% | $0 | No |
| Valley Direct High Yield Savings | 4.3 | 3.30% | $1,000 | No |
| Ally Bank Savings Account | 4.3 | 3.20% | $0 | No |
| American Express High Yield Savings Account | 4.3 | 3.20% | $0 | No |
| Pibank Savings | 4.2 | 4.40% | $0 | No |
| Western Alliance Bank High Yield Savings Premier | 4.2 | 3.80% | $500 | No |
| Ivy Bank High Yield Savings Account | 4.1 | 4.00% | $2,500 | No |
| SoFi Checking and Savings | 4.1 | 3.30% | $0 | Yes |
| Alto Online Savings (BMO) | 4.0 | 3.00% | $0 | No |
Always.bank savings FAQ
Is Always.bank a real bank?
Always.bank is a digital division of 22nd State Banking Company, an FDIC insured bank in Mobile, Alabama (FDIC certificate 16910).
What is the Always.bank savings rate?
4.10% APY as of Oct 27, 2026. The rate is variable.
Is there a minimum deposit?
No. There is no minimum to open and no minimum balance.
What is the Always.bank savings rate today?
4.10% APY on any balance, as of Oct 27, 2026.
Does Always.bank have a minimum deposit or fees?
No. The minimum opening deposit is $0, there is no minimum balance and there are no monthly or transaction fees.
Ready to open Always.bank High Yield Savings Account?
Rates as of Oct 27, 2026. Confirm the current rate and terms on the provider’s site before you apply.