Pibank Savings
Pibank pays a flat 4.40% APY with no monthly fee and no minimum balance, and your deposits are FDIC-insured through Intercredit Bank N.A. It is a clean, no-games online savings account — just note the rate is variable and can change without notice.
Is the Pibank Savings worth it?
Pibank’s savings account is the first product on money8020 grounded entirely in verified, fetched data — and it earns its place. It pays a flat 4.40% APY with no monthly fee and no minimum balance, so the rate applies from your first dollar rather than hiding behind a five-figure tier.
The number that matters most for trust is the insurance. Pibank itself is a digital brand; deposits are issued by Intercredit Bank N.A. We did not take that on faith — we confirmed with the FDIC directly that the institution is active and insured (certificate #25258, now listed as Pibank, National Association). Your balance is covered up to $250,000 per depositor, per ownership category.
The trade-offs are the usual online-bank ones: the 4.40% APY is variable and can change without notice, it is online-only with no branches, and it is a pure savings account with no debit card or check-writing. Rates and figures here are as of the dates shown and verified against the sources above — this is not financial advice, and you should confirm the current APY on Pibank’s site before opening.
How does a high-yield savings account work?
A high-yield savings account holds cash and pays interest, quoted as an annual percentage yield (APY). The bank can change a variable APY at any time, and federal rules may limit certain withdrawals. Interest compounds — usually daily or monthly — and is taxable income in the year you earn it.
How much could you earn with the Pibank Savings?
At a 4.4% APY, a $10,000 balance in the Pibank Savings earns about $440 in interest over a year, before taxes. Double the balance and you roughly double the interest; your real return depends on how long the rate holds.
Illustrative estimate based on the figures on this page, not an offer. Your results will differ.
What are the pros and cons of the Pibank Savings?
The Pibank Savings stands out for flat 4.40% APY with no balance tiers, though rate is variable and can change without notice.
- Flat 4.40% APY with no balance tiers
- No monthly fee and no minimum balance to earn the rate
- FDIC-insured through Intercredit Bank N.A. (verified with the FDIC)
- Rate is variable and can change without notice
- Online-only — no branches
- A pure savings account; no debit card or check-writing
Who should get the Pibank Savings?
The Pibank Savings is best for savers who want a strong flat rate with no minimum.
- Savers who want a strong flat rate with no minimum
- Building an emergency fund from the first dollar
- Anyone moving cash out of a near-0% big-bank savings account
Money guides for: Students, First-time savers
How does the Pibank Savings compare?
Among the 29 high-yield savings accounts we track, the Pibank Savings ranks #3 with a money8020 score of 94/100.
| Product | Score | Tier | Provider |
|---|---|---|---|
| Marcus by Goldman Sachs Online Savings | 96 | Essential | Marcus by Goldman Sachs |
| Bread Savings High-Yield Savings | 94 | Essential | Bread Savings |
| Pibank Savings | 94 | Essential | Pibank |
| Poppy Bank High Yield Savings | 94 | Essential | Poppy Bank |
| Vio Bank High Yield Online Savings | 94 | Essential | Vio Bank (a division of MidFirst Bank) |
See all high-yield savings accounts, ranked →
Common mistakes to avoid with a high-yield savings account
- Chasing a teaser rate without checking the ongoing APY or any balance tier needed to earn it.
- Leaving an emergency fund in a 0.01% big-bank account instead of a high-yield account.
- Assuming the APY is fixed — it is variable and can drop after you open.
- Overlooking transfer times: moving money to a linked bank can take one to three business days.
Key takeaways
- Pibank Savings earns a money8020 score of 94/100, ranking #3 of 29 high-yield savings accounts.
- Flat 4.40% APY with no balance tiers
- At a 4.4% APY, a $10,000 balance in the Pibank Savings earns about $440 in interest over a year, before taxes.
- Best for savers who want a strong flat rate with no minimum.
- Rate and FDIC status fetched from Pibank and corroborated against a regulator.
Frequently asked questions about the Pibank Savings
Is there a minimum balance to earn the 4.40% APY?
No. Per Pibank, there is no minimum balance to open or to keep earning the 4.40% APY (as of 04/16/2026), and there is no monthly fee. The rate is variable and can change without notice, so confirm the current APY on Pibank's site before opening.
Is Pibank FDIC insured?
Yes. Pibank deposit products are issued by Intercredit Bank N.A., which we confirmed is an active FDIC-insured institution (FDIC certificate #25258, now operating as Pibank, National Association). Deposits are insured up to $250,000 per depositor, per ownership category.
Can the rate on the Pibank Savings change?
Yes. A high-yield savings APY is variable, so the bank can raise or lower it at any time, often following moves in the federal funds rate. Check the rate before you open and review it periodically.
How is interest from the Pibank Savings taxed?
Savings interest is taxable as ordinary income in the year you earn it. If you earn more than $10, the bank sends a Form 1099-INT, and you report it on your federal return.
Sources
We fetched these figures from the provider and corroborated them against a regulator, last checked May 30, 2026. Primary sources: