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
Pibank Savings Review
Our take: The highest rate we track with no monthly rules, no minimum and no fees. The catch: money moves in and out by wire transfer, and the app is poorly rated.
Pros
- 4.40% APY with no monthly rules
- No fees and no minimum balance
- Open as many savings accounts as you like
Cons
- Money moves by wire; your other bank may charge wire fees
- Poorly rated app (2.1 App Store, 1.8 Google Play)
- No Zelle, bill pay or ATM card
Key facts
- APY
- 4.40%
- Requirements
- None
- Minimum to open
- $0
- Minimum to earn APY
- None
- Monthly fee
- No fees
- ATM access
- None, transfers only
- Current offer
- None right now
- Insurance
- FDIC insured through Pibank, N.A. up to $250,000 per depositor, per ownership category
- FDIC certificate
- 25258 (Pibank, N.A., Miami, FL)
- Who can open
- US residents 18 or older with a Social Security number and a driver's license, state ID or US passport.
- Mobile app
- Pibank USA app: 2.1 on the App Store, 1.8 on Google Play (Oct 26, 2026)
- Customer service
- 1-877-678-0888 (7 days, 8am to 8pm ET)
Source: Pibank website, checked Oct 27, 2026. Insurance details from the FDIC BankFind database.
Pibank Savings pays 4.40% APY with no minimum, no fees and no monthly rules. The catch is access: money moves in and out by wire transfer, with no Zelle or bill pay, and the Pibank app is poorly rated. Pibank, N.A. is an FDIC insured national bank in Miami, Florida (FDIC certificate 25258). Rate valid as of Oct 21, 2026, checked on Oct 27, 2026.
Pibank savings rate and terms today
| Feature | Details |
|---|---|
| APY | 4.40% |
| Minimum to open or keep | $0 |
| Fees | None from Pibank |
| Interest | Calculated daily, credited monthly on the 15th |
| Moving money | Wire transfers; no Zelle or bill pay |
| FDIC insured | Yes, Pibank, N.A. (certificate 25258) |
From Pibank’s savings page and FAQ, checked Oct 27, 2026. The rate is variable and can change after you open the account.
Our verdict
Pibank pays one of the highest rates we track, and earning it takes nothing: no minimum, no fees, no direct deposit. For a lump sum you plan to leave alone, that is hard to beat.
The tradeoff is how you move money. Pibank says its savings account works with wire transfers and does not support Zelle or bill pay. Pibank does not charge for wires, but the bank on the other end often does, so a transfer in or out can cost you a fee each time. Its app is also rated 2.1 on the App Store and 1.8 on Google Play. If you want easy transfers, Elevault and Peak Bank Envision also pay over 4.25% APY and move money by regular bank transfer; see our full list of best high yield savings accounts.
How much will Pibank pay you?
| Balance | Interest in one year at Pibank | FDIC national average |
|---|---|---|
| $10,000 | $440 | $38 |
| $25,000 | $1,100 | $95 |
| $50,000 | $2,200 | $190 |
If the APY stays the same and interest stays in the account. National average from the FDIC (Oct 19, 2026).
Who can open a Pibank account?
You need to be 18 or older, live in the US, have a Social Security number and a valid driver’s license, state ID or US passport. Pibank verifies your identity with a face scan during sign up. You can open more than one savings account, and joint accounts are possible with an existing Pibank customer.
Is Pibank safe?
Yes. Pibank, N.A. is a national bank in Miami, Florida, supervised by the OCC and FDIC insured under certificate 25258. FDIC records show it was established in 1984 as Intercredit Bank and holds about $2.4 billion in assets (June 30, 2026). Deposits are insured up to $250,000 per depositor, per ownership category. Customer service is by phone at 1-877-678-0888, seven days a week, 8am to 8pm ET.
How Pibank 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 |
Pibank savings FAQ
What is the Pibank savings rate?
4.40% APY as of Oct 21, 2026, with no minimum and no fees. The rate is variable.
Is Pibank a real bank?
Yes. Pibank, N.A. is an FDIC insured national bank in Miami, Florida (FDIC certificate 25258), formerly Intercredit Bank.
How do I move money in and out of Pibank?
Pibank says its savings account works with wire transfers and does not support Zelle or bill pay. Pibank does not charge for wires, but your other bank may.
Is there a minimum deposit at Pibank?
No. There is no minimum to open or keep the account, and any balance earns the APY.
Who can open a Pibank account?
US residents 18 or older with a Social Security number and a driver's license, state ID or US passport.
Ready to open Pibank Savings?
Rates as of Oct 21, 2026. Confirm the current rate and terms on the provider’s site before you apply.