Adda Bank High Yield Savings Review: 4.90% APY (Nationwide)

Adda Bank is offering 4.90% APY when you open a High Yield Savings account – available nationwide.

Update 4/24/24: The rate has increased to 4.90% APY (from 4.45%).

About Adda Bank High Yield Savings

Adda Bank is a thriving independent bank with a focus on delivering best in class products and services to its customers. Adda Bank continues to embrace a forward-thinking approach to offer banking products that are adaptive to the ever-changing marketplace and ensure a positive customer experience. When you choose Adda Bank, you choose integrity and innovation.

I’ll review the Adda Bank High Yield Savings below.

Adda Bank High Yield Savings Rate

To easily earn Adda Bank’s competitive rate, start by opening a High Yield Savings account.

• Eligible account: High Yield Savings
• Credit inquiry: Soft Pull or Hard  Pull?
• Where it’s available: Nationwide
• Opening Deposit: $1
• Monthly fee: None
• Early Termination Fee: Not listed

(FDIC Insured)

How to Earn Rate

1. Open a new account with a minimum opening deposit of $1.
2. Fill out your personal information – Provide your name, address, phone, email and social security number or Tax ID.
3. Fund the account/transfer funds – Transfer funds electronically from an internal account here or an external account at another bank.
4. Start earning interest from Day 1 of your first deposit with no limit on how much you can earn.

Account Features

• No fees. $1 minimum deposit.
• 24/7 online access to funds.
• Deposits are FDIC insured through Bank34.

Conclusion

If you’re looking for a savings account that offers a competitive rate, here’s a great candidate.

Let us know about your experience with this bank and comment below.

In addition to the rate, check out our list of best rates Savings, Money Market, and CD accounts.

• Best Savings/Money Market rates
• Best CD Account rates

If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.