What you get
- Interest compounds daily and is credited monthly
- Same-day transfers to and from your VaultX brokerage cash account
- Unlimited electronic transfers with no withdrawal limits
- Automatic savings rules to move a set amount each payday
Deposits
A high-yield home for cash you want to keep working
Premium Savings pays a competitive yield with no monthly fee and no minimum to open. Through the Premium Savings Bank Deposit Program, eligible balances can be swept to other FDIC-member program banks for expanded coverage.
Eligibility
- Individuals age 18 or older with a valid Social Security number or TIN
- US residential address (no PO box) and US tax residency
- One Premium Savings Account per individual owner; joint ownership available
- A funded VaultX brokerage account is not required, but enables same-day transfers
Fees and limits
| Item | Amount |
|---|---|
| Monthly maintenance fee | $0 |
| Minimum opening deposit | $0 |
| Incoming ACH / wire | $0 |
| Outgoing domestic wire | $25 |
| Excessive withdrawal fee | $0 |
| Paper statement | $2 per statement (free electronic) |
Current banking rates
All VaultX Private Bank deposit and lending tiers, refreshed live.
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Rates refresh automatically every 30 seconds and are illustrative for this demonstration application. Sort any column by selecting its heading.
Important disclosures
Annual percentage yield (APY) is variable and may change at any time without notice. Rates shown are illustrative for this demonstration application.
The Premium Savings Bank Deposit Program gives VaultX Private Bank, National Association the ability to sweep amounts held on deposit in your Premium Savings Account to other depository accounts at FDIC-member banks with the purpose of affording you additional FDIC insurance coverage. The Program is designed to offer up to $500,000 in FDIC coverage to individual accounts (up to $1 million for joint accounts).
Banking products and services are provided by VaultX Private Bank, National Association, Member FDIC. FDIC insured — backed by the full faith and credit of the U.S. Government.
Investing
Investment Products
Not FDIC InsuredNo Bank GuaranteeMay Lose Value
Securities in your account protected up to $500,000, including $250,000 for claims for cash. For details, see the investor protection corporation's coverage summary.
Banking
Banking Products
FDIC InsuredBank Guarantee
FDIC Insured — backed by the full faith and credit of the United States Government. VaultX Private Bank, N.A. is an Equal Housing Lender.