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HealthcareBank

4.1

MoneyAtlas

Rating

Pros

  • Competitive APY of 4.36%: HealthcareBank's High-Yield Savings Premier account offers a rate significantly higher than the national average

  • Low minimum deposit of $1: The account can be opened with just $1 when accessed through the Raisin platform

  • No monthly maintenance fees: The account has no account activity or maintenance fees

Cons

  • Single linked external account: Withdrawals can only be made to one linked external bank account

  • Limited product offerings: Through Raisin, HealthcareBank currently only offers a high-yield savings account