Savings Square – Square Savings
Minimum deposit to open:
$1
Minimum balance to avoid fee:
$0
Product Info:
- Minimum initial deposit is $1 to open an account
- Maximum initial deposit is $100,000
- No monthly fees or minimum balance requirements
- Monthly statements are delivered electronically
- CashEdge is used for their cash transfer service (similar to HSBC and FNBO Direct)
- Applicaion can be done all online. Some may be requested to send in copies of IDs or address verification
- No limits on the number of accounts you can link
- Checking, money market and savings accounts are all eligible for funds transfer sources
- Square Deposits may take 2-3 business days to process - temporary holds of 5 business days may be placed on deposits received subsequent to you initial deposit
- A hold of 10 business days may be placed on your initial deposit
- They don't block ACH pushes/pulls initiated from your external account
- No ATM card or checks
- No hard credit inquiry - just a soft pull and ChexSystem report
- No sign-up bonus
To find out more, visit
Savings Square's website.
Current Rates
| Min Deposit | Max Deposit | APY |
| $1 | — | 0.65 % |
Rates last updated: 5/23/2012