Deal Summary

Apple Bank has a certificate of deposit APY rate of 0.50% for 1 year terms with a $1,000 minimum deposit, checking accounts have an APY of 0.01%, saving accounts with over $5,000 receive the highest interest rate of 0.45% and the standard apple bank savings account has an interest rate of 0.05% with several tiers in between.

Apple Bank Interest Rates

Standard checking accounts with Apple Bank have an APY of 0.01% with a minimum account balance of $100.

Super savings accounts with balances over $5,000 have an APY of 0.45%.

Youth savings accounts can be opened with as little as $1 and receive a high interest rate of 3.00% for accounts between $5-$10,000. 

Bonus savings accounts with an account minimum of $2,500 have an APY of 0.30%.

Grand yield savings accounts with a balance of $2,500 or more have an APY of 0.25%.

Standard apple bank savings accounts with a balance of $250 or higher have an interest rate of 0.05%.

Apple bank money market accounts have an interest APY of 0.25% for balances over $2,500.

Business money market accounts with a minimum balance of $5,000 receive 0.05% dividends in interest annually.

Certificates of deposit at Apple Bank receive an APY of 0.25% for 6-month terms and 0.50% for terms between 9-months and 3-years. All CD’s have a minimum deposit of $1,000 with applicable penalties for early withdrawals.


Apple Bank is a New York state financial institution. To qualify for the competitive rates offered through the bank you must be a resident of New York state within their service areas, or you must work, worship, or go to school there. To sign up for an account visit a branch in person or call on the phone. You can get started with a checking account by applying online.

Branches In New York

Manhattan, Brooklyn, Staten Island, Bronx, Queens, Westchester, Suffolk, Nassau, Rockland

Bank Overview

This New York bank was founded in 1863 in the Dutch Community of Harlem. It was founded right after the Civil War ended and has a long legacy of serving the people of New York with innovative financial solutions. They are a community focused bank who is dedicated to helping their neighbors reach financial wellness and success to further build their communities. The bank expanded over the course of 100 years and in the 1980’s took on the name of Apple Bank.

In 2013 the bank established a stronger presence in New York through further acquisitions. For almost 30 years the bank has remained profitable, even throughout the major financial crisis in the US. They practice a conservative approach to finances which has helped them maintain high credit rankings and remain profitable. Among the benefits of joining this bank are personalized service for each member and affordable, comprehensive banking products. They now own and operate 79 branch locations across New York and provide lending for families and small businesses.