Online Savings with Savings Square Gains 3.60%
Savings Square consumers may enjoy higher online savings rate jumping from 3.05% to 3.60%.
The online savings account only requires $1 to open, does not require a monthly minimum balance, and does not charge a monthly maintenance fee.
The ACH transfer limits are bit low compared to other banks but this can be resolved by initiating ACH from other banks to do deposits and withdrawals.
Savings Square is under the umbrella of Kirkpatrick Bank in Edmond, Oklahoma. This bank was given a 4 star rating by the BauerFinancial and 3 stars by bankrate.com.
Kirkpatrick Bank may be encountering some problems handling developer real estate borrowings. It will be wise to keep your limits to the scope of the FDIC insurance.
Kirkpatrick Bank has been insured with the FDIC since 1970 with certificate # 20156.
