Bank5 Connect is an online-only bank offering checking and savings accounts, CDs, online bill pay, eStatements, free mobile banking and over services. It operates as a division of BankFive, a leader among banks in Massachusetts and Rhode Island.
Connect Savings:
Annual Percentage Yield (APY): 0.90%.
The minimum balance to open is $10.
The minimum balance to earn interest is $100.
Deposits are insured by the FDIC
No ATM fees.
Free online banking/eStatements.
Free mobile banking.
Savings can be used to cover overdrafts of checking account.
Also Read: American Express online banking review.
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