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Bank5 Connect is an online bank that offers three types of accounts to its customers: certificates of deposit (CDs), checking and savings accounts. The bank is an online division of Massachusetts-based BankFive MHC,a bank that has been in service for more than 150 years. Bank5 Connect offers high, competitive interest rates for its banking accounts, including a 2.05% APY for its savings account, 0.76% for checking, an 2.55% for CDs.
- $0 minimum starting deposit
- Checking account—earn 1% cash back on up to $3,000/m in debit purchases*
- No monthly fees
- Access to 60,000 free ATMs nationwide
- High-yield money market and CDs
*See website for details