The PurePoint Financial Online Savings account offers an APY that's well above the national average but requires a minimum $10,000 deposit to earn it.
Balances below $10,000 still earn a yield higher than the national average, but the APY on that balance tier isn’t competitive for an online bank. Consumers with less than $10,000 in savings can find better yields at other online banks.
The account doesn't offer an ATM card.
An ATM card isn’t available.
There are lower minimum balance requirements elsewhere.
Balances less than $10,000 earn a significantly lower APY.