A high-yield savings account is a savings account with a higher interest rate than traditional savings accounts. You earn interest for leaving your money deposited in a savings account. This interest is typically expressed as annual percentage yield (APY), a calculation of the total amount you can earn over a year assuming funds are not added or withdrawn. APY is based on compound interest, which is the interest on savings calculated on both the initial principal and the accumulated interest from previous periods. The more often interest compounds, the more money you could earn. Premier Savings accounts accrue interest on a daily basis, with interest credited to your account monthly.

Premier Savings accounts offer a number of top tier benefits, including:

• Exceptional 4.02% APY on balances of $1,000 or more
• No monthly or annual account maintenance fees
• Secure, 24/7 access to your money
• Real-time alerts and account management via our mobile app

Insured up to $1 million in FDIC and/or NCUA insurance through Cross River Bank or Participating Institutions. See disclosures below.*

Funds can be deposited into your Premier Savings account via standard ACH Transaction or Wire Transfer in U.S. dollars. To initiate a cash transfer, sign in to your account and select the deposit tab at the bottom of the screen. Here, you can link an external account and initiate a cash transfer. You can also fund your Premier Savings high-yield savings account by having your payroll provider set up direct deposit to have your paycheck deposited automatically on pay day. If you’re looking to complete a wire transfer, you can direct a third party to transfer money to your account by domestic wire transfer.

High-yield savings accounts can serve many purposes, including:

• Building an emergency fund
• Making a major purchase, such as a down payment on a house or car
• Building a college fund
• Major life event - weddings, anniversaries, or starting a family
• Travel - save up for that adventure you’ve been putting off

High-yield savings accounts offer flexibility and earn interest while you work towards your savings goals.

Joint accounts are available to new Upgrade customers or existing Rewards Checking Plus, and Premier Savings customers. Additionally, joint accounts can only be opened with one other person. For example, if you open a joint checking account with one person, that same individual will be the only person you can open a joint savings account with. You won't be able to open a joint account with anyone else.