5,6 - Interest rate and Annual Percentage Yield (APY) is accurate as of 5/10/21. To earn the APY on Propel Savings, you must open and have an active Propel Checking account. If the Propel Checking is not active the rate on the Propel Savings account will default to 0.05% APY. Propel Savings requires a $50 minimum deposit to open. Rates are subject to change after account opening. Offer may be withdrawn at any time. Fees may reduce earnings. Consumer deposits only. Available to Maine residents only.
Propel Checking is considered active by meeting one of the following criteria each monthly statement cycle: (1) maintain a $2,500 minimum daily balance, (2) receive a total of $1,000 or more in direct deposits, or (3) complete 10 debit card transactions that post and settle within the monthly statement cycle. Inactive Propel Checking accounts will incur a $20 monthly service charge. Propel Checking requires a $25 minimum deposit to open. Consumer deposits only. Available to Maine residents only.