NexBank
24/7 online banking access from anywhere
Earn 4.25% APY on your entire account balance
New Customers can earn up to $2,000 with qualifying deposits
Only $1 minimum deposit
Category Ratings
Savings#3
4.4
4.4
MoneyAtlas
Rating
Pros
Competitive APY of 4.25%: NexBank's high-yield savings 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, NexBank currently only offers a high-yield savings account