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Effinity bank advertisers review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Effinity bank advertisers offers an easy-access savings account for US savers who want cash close at hand, with a variable rate and a monthly fee of $10. Deposits carry FDIC up to USD 250,000, and interest is paid on the whole balance while a minimum daily balance is kept.

Key facts

Best for
US savers who want a protected easy-access balance that earns interest on everything they hold.
Rate type
Variable↗
Minimum deposit
$1,000↗
Deposit protection
FDIC up to USD 250,000↗
Access terms
Interest earned on entire balance above $1,000 minimum daily balance; $10 excessive withdrawal fee per debit transaction over the 6 permitted transactions↗
Monthly fee
$10↗
Account kind
Easy access↗
Headquarters
United States↗
Founded
2002↗
Support channels
Email, Phone, Help-centre↗
Official website
myaffinitybank.com

Facts checked September 26, 2026, 4 sources

Apps and profiles

Elsewhere
LinkedInX

Pros and cons

Pros

  • Interest is earned on the whole balance, not just the amount above a threshold, while a minimum daily balance is kept
  • A variable rate lets the interest follow the bank's own pricing rather than locking you in
  • Deposits sit within FDIC up to USD 250,000
  • Support runs through email, phone and help centre

Cons

  • A monthly fee of $10 applies to the account
  • A charge applies to each debit transaction beyond the permitted ones, so frequent access costs money
  • Interest is paid only while a minimum daily balance is kept
Effinity bank advertisers

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Scored 8.7 / 10 by SumCue.

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Who it suits

  • US savers who want an easy-access account rather than a fixed term product
  • Savers who check their balance often enough to keep a minimum daily balance
  • Savers with $1,000 or more to place in a single insured deposit

Who should look elsewhere

  • Finteres, if the entry amount matters most, since its minimum deposit is €100
  • bunq or Wise, if you would rather hold savings in Europe under EU DGS up to EUR 100,000 or EU DGS up to EUR 100,000
  • Anyone after a fixed term product, since the rate here is variable and can move

Deposit protection

Money safety here rests on who stands behind the balance. This is a US bank, and its licence names the Federal Deposit Insurance Corporation as the regulator, which is also the scheme behind the protection. The published limit reads FDIC up to USD 250,000, so keeping savings inside that figure means a bank failure would not land on you. The account type is easy access, so your money stays reachable while the scheme covers the balance.

The company behind it

The bank is headquartered in the United States and was founded in 2002, so there is a long trading record to judge it by. It serves a single market, which means its terms, fees and rate are set for that country rather than adapted to yours. Help runs through email, phone and help centre, giving you phone and email alongside a self-service help centre for routine account questions.

How Effinity bank advertisers compares

Where Effinity bank advertisers is available

Available
United States
Licence in United States
Federal Deposit Insurance Corporation (FDIC), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to keep money in this account?+

There is a monthly fee of $10 on the account, and access is not entirely free. A charge also applies to each debit transaction beyond the permitted ones, so the account costs most to people who move money out often. Interest is paid on your whole balance while a minimum daily balance is kept.

Is my savings protected if the bank fails?+

Yes, the balance sits within FDIC up to USD 250,000. The bank's licence names the Federal Deposit Insurance Corporation as the regulator, and that body is the deposit insurer behind the limit. Keeping the account balance inside the published figure means the protection scheme is there to cover you.

Can I take money out whenever I want?+

The account is easy access, so withdrawals do not wait for a term to end. Each debit transaction beyond the permitted number carries a charge, which makes frequent access an expensive habit. A monthly fee of $10 also applies on top of any withdrawal charge.

How much do I need to open the account?+

The minimum deposit is $1,000, which is higher than the €100 entry point at Finteres. A balance at or above that level also keeps your whole balance earning interest, because interest is paid on everything held while a minimum daily balance is kept.

What kind of account is this?+

It is an easy access savings account with a variable rate. Easy-access products make up the largest share of savings accounts here, so this is the common shape rather than a specialist product. The rate can move, which is the trade against locking money away for a fixed term.

How do I get help?+

Support runs through email, phone and help centre, so you can reach the bank by phone or email, or use the help centre for routine questions yourself. Phone and help centres are the most common support routes across the savings accounts compared here, with live chat the least common.

Which country is this account for?+

The bank is based in the United States and was founded in 2002. It is a single-market provider, so its terms, fees and rate are set for that market rather than adapted to another. If you hold savings elsewhere, compare against an account in your own market before switching.

Sources

  • myaffinitybank.com checked September 26, 2026

    Backs: Support channels

  • myaffinitybank.com/about checked September 26, 2026

    Backs: Founded, Headquarters

    “Affinity Bank was established in 2010, but we began in 2002 under a different name --as Atlanta Business Bank.”

  • myaffinitybank.com/personal checked September 26, 2026

    Backs: Access terms, Account kind, Minimum deposit, Monthly fee, Rate type

    “Interest earned on entire balance once above $1,000 (minimum daily balance); $10 excessive withdrawal charge will be assessed for each debit transaction ... in excess of the 6 permitted”

  • fdic.gov/deposit/deposits checked September 26, 2026

    Backs: Deposit protection, Licences

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Headline rate, Term.

Effinity bank advertisers

Effinity bank advertisers

US savers who want a protected easy-access balance that earns interest on everything they hold.

8.7/10See alternatives