TAB Bank

The TAB Bank High Yield Savings Account offers a variable interest rate that is higher than traditional savings accounts. There is no minimum balance requirement or monthly maintenance fee. Customers have access to mobile banking and online account management, as well as 24/7 customer support via phone and email. However, there are limited branches for in-person transactions, and only those living in certain states are eligible. There are no checks or debit cards associated with the account, and a higher than average minimum deposit is required to earn interest. Additionally, there is a limited number of withdrawals allowed per month.

Pros

• Competitive interest rate compared to traditional savings accounts
• No minimum balance requirement
• No monthly maintenance fees
• Access to mobile banking and online account management
• 24/7 customer support via phone and email

Cons

• Limited branches for in-person transactions
• Those living in certain states are not eligible
• No checks or debit cards associated with the account
• Higher than average minimum deposit requirement to earn interest
• Limited number of withdrawals allowed per month