CDs & money market accounts
Commit for a term, lock the rate for the whole of it
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Personal
Savings accounts
Instant access, a published rate, and no fee to hold it
Overview
An HBI savings account pays a tiered rate on your full balance, with no monthly fee and no charge for keeping your money with us. Withdraw whenever you need to, without notice and without penalty.
Rates are published every Monday and apply to new and existing balances on the same day. We do not run introductory rates that drop after six months.
Why HBI
Banking that says the price first
Every HBI personal product is built the same way: one published fee, one published rate range, and the conditions written on the page rather than in a footnote. You should be able to work out what something costs before you speak to anyone.
When your circumstances change, the product should change with you. Moving between account tiers is free, paying off credit early carries no penalty, and we write to you before a fee that affects you changes.
What you get
Everything that is included
The full list, not the highlights. If something is not here, it is not included.
Features
- Instant access with no notice period and no withdrawal penalty
- Up to ten savings pockets inside one account, each with its own name and goal
- Automatic round-up: spare change from card purchases swept into a pocket
- Scheduled sweeps from your checking account on payday
- Form 1099-INT issued automatically each tax year
- Joint and custodial (UTMA) options available
What you need to qualify
- An existing HBI checking account, or open both together
- Social Security number or ITIN, and a government-issued photo ID
- No minimum opening deposit
- Custodial accounts require the minor’s Social Security number
Not sure you qualify?Speak to a banker before applying. A conversation costs nothing and does not touch your credit report.
Pricing
Fees & rates
Published here, and the same figure you will see in your quotation.
| Balance tier | Interest rate | Annual percentage yield (APY) |
|---|---|---|
| $0 – $2,499 | 3.20% | 3.25% |
| $2,500 – $9,999 | 3.68% | 3.75% |
| $10,000 – $49,999 | 4.02% | 4.10% |
| $50,000 and above | 4.16% | 4.25% |
Fees and rates are reviewed annually and published at least 30 days before any change takes effect. Terms and conditions apply.
Good to know
How we look after you
Three commitments that apply to every personal product, this one included.
Thirty days’ notice of any fee change
Fees are reviewed once a year. We publish changes at least thirty days ahead and write to you directly when a change affects a product you hold.
Your deposits are protected
Deposits are insured by the FDIC up to $250,000 per depositor, per ownership category. Coverage is automatic and costs you nothing.
A complaint goes to a person
Tell us first and a named case handler replies within two business days. If we have not resolved it in twenty, you can submit a complaint to the Consumer Financial Protection Bureau at no cost.
Questions
Questions clients actually ask
If yours is not here, a banker will answer it directly.
No. We do not use introductory rates. The published rate for your balance tier is the rate you earn, for as long as you hold the balance.
Pockets divide one account into named goals — a down payment, a vacation, an emergency fund. They earn the same rate, based on the combined balance.
Yes. Interest is taxable income in the year it is paid. We send you and the IRS a Form 1099-INT each January when you earn $10 or more.
Instantly, to any HBI account. To another bank, payments clear over the real-time payment networks in under sixty seconds, at any hour.
Related
You may also want
Products clients commonly hold alongside this one.
Checking accounts
One monthly fee, every everyday transaction included
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Investments & portfolio management
One annual fee, stated in dollars, with no performance fee
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Personal
Ready to take this further?
Apply online in about ten minutes, or ask a banker to call you at a time that suits.