X savings


Earn More on Every
Dollar You Save



Savings You Can Count On

With X savings3, Bank X pledges to offer higher savings rates than the average Annual Percentage Yield (APY) of the top 50 National U.S. banks and thrifts4.

We understand that most people spend nearly all of the money they earn, but that they also do their best to set a little aside out of each paycheck for a rainy day. The entire point of a savings account is to help people make the most of that money they set aside so that it can grow into something more substantial. That's where X savings comes into play.

With X savings, can help you make your money go further so that if you’re ready to save, you will earn a great interest rate. In fact, we're more than willing to put our money where our mouth is, so to speak. Take a look at the table below, and you'll see that X savings from Bank X offers savings rates that bigger banks simply cannot match.

All this, no monthly maintenance fees, and it takes only $100 to open an X savings account. As deals go, this one is pretty sweet.

See our pledge in action:

Bank of America Wells Fargo Chase
Rates, Fees, and Minimums Regular Savings*
Way2Save®** Chase SavingsSM*** X Savings
Annual Percentage Yield (APY) 0.01% 0.01% 0.01% 0.60%
Monthly Maintenance Fee $5 $5 $5 None
Minimum Balance to Avoid Above Fee $300 (Minimum Daily Balance) $300 (Minimum Daily Balance) $300 (Minimum Daily Balance) None
Open An Account

Helping Your Money Go Further

When you're ready to save, Bank X will make sure that your hard earned savings benefit from a good interest rate. Since Bank X is a branchless bank, we don't have to spend money maintaining physical office locations. This allows us to pass those savings to you in many ways including a highly competitive savings account rate.

Account APY* Rate
X savings 0.60% 0.60%
 Account Features

Online Banking

As a Bank X customer, you will be able to manage your savings account and do all of your banking from anywhere, anytime, for free. You'll save time and avoid the frustration of standing in long lines at bank branches.

Why you'll love online banking... »

Mobile Banking

When you open an X savings account with Bank X, your smartphone will become your personal banker. You'll be able to deposit checks, transfer money, view your balance, track your spending habits, pay your bills, and manage your savings account with your mobile device.

Go Mobile! »

Of course, you're still welcome to call us at 1-877-247-8018 or drop us a line at whenever you like. We love to hear from our customers!

Mobile Deposit (Smartphone)

No hoops to jump through. No envelopes to seal. Just grab your phone, take a quick picture of your check, and boom... You're good to go.

Everything you need to know about Mobile Deposit »

MyDeposit (PC)

Who in the world likes going to the bank? With MyDeposit, you don't have to. All you need is a computer and scanner to deposit checks straight into your account. Best of all, it's completely free.

MyDeposit: Free and Awesome »


With FinanceWorks, cash management is simple. You'll know where you're money is going at all times.

FinanceWorks Info »


This is a savings account, and we want to help you save. By design, we do not offer ATM reimbursements for the X savings account. So if you need the money, transfer it to your first. You can make a real time transfer from your X savings to your X checking account online or with the Bank X Mobile App.


Got Questions?

At Bank X, "straightforward" is our middle name. That's right - Bank Straightforward X. Still, maybe you have some questions about X savings that we didn't get around to answering, so here are answers to some questions that other customers have asked us. If you're hungry for more after that, check out the . Naturally, you can always ask us a question by .

 FAQs Content

To complete an online application for a high-yield online savings account from Bank X, you need the following:

  • Your Social Security Number
  • A valid US driver’s license or state-issued identification
  • Primary contact information, including mailing address, telephone number(s), and email address
  • Details of the account you are transferring money from to open this savings account – to make your initial deposit electronically.
  • If this is a joint savings account, we will need the above information for each account owner.

Click here to open your X savings account

Let's say your bank give you a 0.03% APY (a likely rate for one of the big banks). Well, Bank X gives you 0.60% APY on your savings. That's 20 times more. Easy math.

Don't worry, we don't have any tricks up our sleeves. What you see is what you get - we don't charge you for the most important things. However, there are fees associated with some non-basic services. Here is an overview. For a complete list of fees, please see our

Straightforward X savings

X savings Account Opening and Usage Minimum Deposit Needed to Open Account $100  
Monthly Fee $0  
Requirements to Waive Monthly Fee n/a E.g. Minimum combined account balance, direct deposit, or other conditions
Interest-Bearing yes  
ATM Withdrawals We do not charge ATM Fees; however, charges may be imposed by other financial institutions' ATMs
Non-Sufficient Funds (NSF) Fee $25 Max $75.00 per day. No fee for an item generating a negative balance less than the NSF fee.
Deposited Item Returned Fee $10 For each item that you deposit that is rejected because the payor did not have enough money in their account
Stop Payment Fee $35 Stop payments, per request includes checks, ACH and Bill Pay
Account Closing Fee $0  
Limitations Transaction Limits 6 Maximum combined total of six (6) per month or monthly statement cycle, subject to available balance
$10 Excess Transaction or Withdrawal Fee for each transaction that exceeds the 6 transaction per month limit
Other Fees Online Statement $0  
Incoming Wire Transfer $0 Domestic & International
Outgoing Wire Transfer $35 Domestic
$45 International
ATM Card $0 ATM Card
$10 ATM Card Replacement
Wire transfer from your bank.
Routing Number - 122287251
No deposit limit.
Mobile Deposit- deposit checks from your Android or iPhone app $10,000 daily deposit limit.
Direct Deposit- your paycheck from your employer No deposit limit.
Mail a physical check to:
Bank X
P.O. Box 509127
San Diego, CA 92150-9948

You can make your check payable to Bank X or to yourself. Please endorse the back of the check “For Deposit Only” followed by your signature and the account number (found on your signature card)
No deposit limit.
ACH – electronic transfer from another checking or savings account No deposit limit.
Charge a credit card, debit card, prepaid card or Visa®/MasterCard® gift card $500 limit

‡Available during account application process only

Your free ATM card will arrive in the mail within 10 business days after the account is approved. The free initial 50-pack of checks (if ordered during the application process) will arrive within 14 business days after we receive your completed Signature Card.

We keep your money safe, so you can access it whenever you want. Guaranteed.

Federal law limits the number of withdrawals and transfers from all U.S. savings and money market accounts to 6 transfers per statement cycle. For each transaction that exceeds this limit, a $10 Excess Transaction or Withdrawal Fee will apply.

You can use any ATM nationwide; it doesn't matter which brand. Charges may be imposed by other financial institutions' ATMs.

Your Card transactions will be subject to daily limits as follows:

  • Cash withdrawal from an ATM using an ATM card - $510.00
  • Point-of-sale transaction using your ATM card - $500.00
  • Cash withdrawal from an ATM using a VISA® Debit card - $1,010.00
  • Point-of-sale transaction using your VISA® Debit card - $2,500.00