TIAA Bank Review 2023
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At a glance

CDs
Checking
Savings
MMA
About Bankrate Score
Overview
TIAA Bank is good for customers who want a full-service online bank with competitive deposit yields.
Highlights
- ATM Fee Refunds
- High APY
- Low Fees

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
TIAA Bank is an online institution offering deposit accounts with competitive rates and low minimum balances, and customers have access to thousands of fee-free ATMs. While the bank maintains branches, only a limited number are available and just in Florida.
Pros
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TIAA Bank offers competitive yields on CDs.
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The bank provides access to thousands of surcharge-free ATMs.
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It offers a variety of services and products.
Cons
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The bank has a limited network of full-service branches.
TIAA Bank bank products
TIAA Bank savings overview
During Bankrate’s review, all balances were earning the same competitive yield.
Pros
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All balances earn more than the national average APY.
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The Basic Savings account charges no monthly account fee.
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You can deposit checks via a mobile device with this account.
Cons
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People in states other than New York or Vermont pay a $10 fee for having a deposited check returned.
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TIAA Bank’s Basic Savings account doesn’t have ATM access.

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
TIAA Bank serves customers in all 50 states. Its mobile app is highly rated by both iOS and Android users.
TIAA Bank provides access to thousands of surcharge-free ATMs. The bank also automatically reimburses customers up to $15 a month for any fees that ATMs in the U.S. charge for access. For accounts with balances of $5,000 or more, the bank reimburses an unlimited amount of ATM fees.
Customers can send and receive funds using Zelle through TIAA Bank online banking or the TIAA mobile app.
Customer service is available by phone weekdays 8 a.m. to 8 p.m. Eastern time and Saturdays from 9 a.m. to 7 p.m.
About TIAA Bank
TIAA Bank, which is a division of TIAA, is a full-service online bank available to customers in all 50 states. It offers checking, savings and money market accounts as well as certificates of deposit. The deposit accounts earn competitive rates.
Conveniences TIAA Bank offers include a user-friendly mobile app, access to more than 80,000 no-fee ATMs nationwide, low minimum balance requirements and peer-to-peer payment capability through Zelle.
TIAA announced in November 2022 that it will be selling TIAA Bank to investors.
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.