TIAA Bank Review: 0.90% APY and high yields
Learn the best benefits of a top-yielding bank account. Read our TIAA Bank Review and find out if the high APYs fit your standards!
by Victória Lourenço
TIAA Bank Full Review: is it trustworthy?
If you’re looking for a high- yield savings account, the TIAA Bank is worth considering. The APYs have the best benefits. And there are no monthly fees! Read more of our TIAA Bank Review to learn the pros and cons!
|Financial Products Offered||High yield accounts:|
Yield Pledge Checking, Yield Pledge Money Market, and Basic Savings.
Basic CD, Bump Rate CD, and IntraFi® CD.
Savings Account Finder and CD Laddering 101.
|Fees||No monthly fees.|
$100 fee to open the checking account.
$25 for the Basic checking account.
And others for the different financial products.
|Minimum Balance||There is a minimum account opening deposit that ranges from $100 to $1,500, depending on the financial product.|
If you’re looking for a bank that offers high yields and an excellent APY, you should consider TIAA Bank!
Read on to learn more about this account’s eligibility requirements and other excellent benefits!
How is banking with TIAA Bank?
The TIAA Bank offers some of the best financial products in the market. You can find high-yield accounts with no annual fee. Plus, you can manage your account 24/7.
Also, you can use your mobile phone to make check deposits and do many other activities. You can get ATM fee reimbursements as well!
However, the TIAA Bank offers many types of financial products. You can find the Yield Pledge® Checking account, Yield Pledge® Money Market, Basic Checking and Savings account, Basic CDs, and much more!
Some APYs are 0.90% depending on the balance. Other accounts offer APYs of up to 0.10%. The Basic CD has a 2.00% 1-year CD APY.
Moreover, the TIAA Bank offers free access to cash withdrawal at more than 80,00 ATMs with no fees. Also, you can manage your account anywhere with excellent mobile banking!
TIAA Bank highlights: accounts, credit cards, and more
If you open a Yield Pledge® Checking account, you can get a Visa® Debit Card for free. Plus, you can get reimbursements for your ATM fees.
Also, the accounts have different minimum amounts for account opening. To open a Yield Pledge® Checking account, you only need $100.
But other accounts can get to the $1,500 minimum amount to open. A Bump Rate CD requires an amount of $1,500 to open. But, you can get a high yield to save even more money!
However, this bank also has some downsides. So, read our list below of the advantages and disadvantages of opening an account with the TIAA Bank!
- High yield accounts with competitive rates.
- Open a Basic Savings account with as little as $25.
- Access your account anywhere with online banking.
- Withdraw your cash at more than 80,000 ATMs with no fees.
- There are not many financial products outside of bank accounts.
How to start banking with TIAA Bank?
It can be easy to start banking with TIAA Bank. All you need is a computer or mobile device with internet. So, read our post below to learn more details about how to open an account with TIAA Bank!
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