Jenius Bank Review 2025
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At a glance
Overview
Jenius Bank is an online-only bank that opened in 2023. It offers just one savings account. It’s best for customers who are comfortable solely banking online, as the bank doesn’t have branches or ATM access.
Highlights:
High APY No Min Balance No Monthly FeesHighlights:
Savings
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These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.1/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
Jenius Bank offers a high-yield savings account with a highly competitive APY on all balances. The account is available to just about anyone in the U.S., except for residents of New Mexico and Hawaii, as Jenius currently isn’t accepting applications from residents of those two states. But this is the only bank account available at this bank, so if you’re looking to have a checking and savings account in the same place, you’ll want to look elsewhere.
Pros
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Jenius Bank’s high-yield savings account offers a top-notch APY.
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You get fee-free banking at Jenius Bank, including no withdrawal or excessive transaction fees.
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There isn’t a minimum balance requirement to earn interest.
Cons
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Jenius Bank offers just one savings account.
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ATM access isn’t available.
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Residents of Hawaii and New Mexico can’t open an account.
Jenius Bank banking products
Jenius Bank savings overview
Pros
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The savings account yield is top-notch.
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Jenius Bank doesn’t charge fees, including monthly or excessive transaction fees.
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Joint savings accounts are available.
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There isn’t a minimum balance requirement.
Cons
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Residents of New Mexico and Hawaii can’t open an account.
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There is no debit card or ATM access.
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Only one way to withdraw funds.
Jenius’ high-yield savings account is overall pretty good, but you’ll want to have other bank accounts set up before you open this one because the only way to get your money out of a Jenius savings account is through an external bank transfer.
You do have more options for depositing money though: mobile check deposit, direct deposit, external bank transfer or by mailing a check.
If all you need from a bank account is a high rate for your savings, Jenius is a good option.
The account doesn’t have any special savings features, like round-up savings transfers, but you’ll still earn one of the best yields around and you won’t give any of your money back to the bank in the form of fees.
Rate history for Jenius Bank's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | None |
| Non-sufficient funds fee | None |
| Account maintenance fees | None |
| Excessive transaction fee | None |
Customer experience
24/7 support is available. Customers can call customer support 24/7, which is great, but that’s the only way you can get in touch with a representative. The bank doesn’t have a chat or secure email/message option. If you’re allergic to telephones, this may not be the bank for you.
Mobile app experience. Customers can download the bank’s app on both Android and Apple devices. It gets good-to-decent ratings on both platforms, though there are a limited number of reviews as of September 2025.
Website is transparent. All of the most important information, such as fees, rates, contact information and answers to frequently asked questions, is easy to find on Jenius’ website. That can’t be said of all banks. So while we didn’t open an account and test how easy it is to manage your money with this bank, we can say that the website is easy to navigate and feels user-friendly.
About Jenius Bank
Jenius Bank, which opened in 2023, is an online-only bank and is the digital banking division of SMBC MANUBANK (Manufacturers Bank), which was established since 1962. Jenius doesn’t have any branches and offers just one deposit account.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
