Future Savings Account
mph.bank is a digital bank that prioritizes providing value to its clients directly.
Because no money is spent on flashy marketing or pricey name rights, a Future Savings account from mph.bank can provide extremely competitive interest rates.
Liberty Savings Bank, which has a track record of providing goods and services that add value for customers, founded mph.bank. mph.bank places a high value on enabling its clients' financial success.
Deposit products from mph.bank is offered by Liberty Savings Bank, F.S.B., Member FDIC, and mph.bank is a brand of that institution.
securely on the bank's website
An annual percentage yield (APY) on a high-yield savings account is much higher than on a standard savings account. For instance, high-yield rates are currently ranging between 3% and 4%, whereas traditional savings accounts frequently offer returns on balances of less than 1%.
A high-yield savings account often credits daily compounded interest on a monthly basis. Such an account is a great choice because of this functionality for both short-term objectives like purchasing a laptop and long-term aims like saving for a down payment on a house.
A Future Savings account is provided by mph.bank. The Future account, its new savings option, offers 4.60% APY on your balance. There are no monthly fees, overdraft charges, or opening balance requirements for the account.
In addition, unlike some banks, mph.bank does not reduce its APY rates for accounts with $100,000 or more. Any sum is eligible for the highest APY, regardless of how high or low it is.
Additionally, mph.bank provides a user-friendly mobile app with a customized dashboard that allows you to examine all of your accounts on one screen, view your credit score and report, and access your statements whenever you need to. They also offer live chat and online support.
mph.bank provides a decent rate if you're wanting to open an interest-bearing account. mph.bank is a subsidiary of Liberty Savings Bank, a century-old financial institution that is FDIC-insured, and is supported by it.
Checking account details
How to open an account:
- Open a new account with a minimum opening deposit of $1.
- Fill out your personal information – Your name, address, phone number, email, and social security number or tax ID should be provided.
- Fund the account/transfer funds – Transfer money electronically from a bank account at this institution or another institution.
- Start earning interest from Day 1 of your first deposit with no limit on how much you can earn.
Checking account fees
Minimum Deposit to Open$0
Out-of-Network ATM Transaction Fee$0
Out-of-Network ATM Withdrawal Fee$0
Non-Sufficient Funds Feen/a
Foreign Transaction Feen/a
Future Savings Account FAQ
The Liberty Savings Bank, FSB, member FDIC, operates mph.bank. The FDIC insures deposits at mph.bank up to the maximum amount permitted by federal law.
For each category of deposit account ownership, the normal insurance amount is $250,000 per depositor, in each insured bank.