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Bank, budget, and save with 0.60% APY

Check out our high-interest online checking account

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A high-yield checking account that’s different

  • FDIC-insured up to the legal limit
  • Earn up to 0.60% APY
  • Quick direct deposit set-up from your browser
  • Emergency Fund and Savings Goal built right in
  • Automated savings with Round-up Rules
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How to earn higher interest at Simple


Start a Savings Goal (which lives inside a high-interest Protected Goals Account*)


Transfer any balance from your Simple Checking or Shared Account


All tiers and Protected Goals Account balances earn 0.60% APY.

At Simple we always have your interest(s) in mind

Some things in life take a little longer to save for, but are no less important to feeling confident with your money. Whether you’re squirreling money away for an emergency fund, a wedding, or a college fund, a Savings Goal makes it easier. Everything you save lives close by in a separate account, so you won’t accidentally spend it.

Shared accounts are twice as nice

When you and your partner open a Shared Savings Goal, your financial superpowers combine and give you another chance to save toward your goals and earn up to 0.60% APY, together.

Get started today!

Like a bank, but Simple

Banking shouldn’t be complicated. Or unfriendly. We don’t profit from customer confusion. We wake up every day excited to help our customers feel more confident with their money.

* In order to open an Individual Protected Goals Account, you must:

  • Already have a Simple Account open, or
  • Apply for and open a Simple Account first.

In order to open a Shared Protected Goals Account, you must:

  • Already have a Shared Account open with your partner, or
  • Apply for and open a Shared Account with your partner. If they already have a Simple Account, they'll get an invite to open the Shared Account right away. If they don't have a Simple Account, they'll be invited to apply for a Simple Account first.

The finest print: The rates are effective as of October 15, 2020, are variable and subject to change after the account is opened. Accounts subject to approval. Balances in your Simple Account earn 0.00% Annual Percentage Yield. In order to open a Protected Goals Account, you must already have a Simple Account open. For the Protected Goals Account, see the rates below.

Daily Collected Balances

This means that we use the account’s
end of day balance to calculate the interest earned that day.
$0.01 to $1,999.99 0.60%
$2,000 to $4,999.99 0.60%
$5,000 to $9,999.99 0.60%
$10,000 to $14,999.99 0.60%
$15,000 to $19,999.99 0.60%
$20,000 and above 0.60%

1 Check it out for yourself (based on the October 5, 2020 National Rate):

Important! Keep your account safe from fraud

As fraud attempts are on the rise recently — especially related to unemployment funds — help us keep your account safe by following these guidelines.

Use your Simple Account only for your own personal use. Don’t share your account with others or receive funds on behalf of third parties.

Don’t share your username or password with others. Never give out your login information. Simple will never ask you to tell us your password — if any third party makes such a request, it’s an attempt at fraud.

Don’t open an account at someone else’s request. If someone else asks you to open a Simple Account — such as a real estate company, prospective employer, or someone you met online — it is likely an attempt at fraud.

Be alert for unemployment insurance fraud. You may be violating the law and the terms of your Simple Account if you receive deposits of unemployment funds on behalf of someone else. There are state and federal penalties for unemployment insurance fraud (including potential fines and incarceration). If you suspect you are a victim of unemployment fraud, contact the appropriate state fraud hotline listed here.

Don’t receive funds on behalf of a third party. Keep in mind that receiving funds on behalf of a third party violates the terms and conditions of your Simple Account; in such instances, we may restrict and/or close your account and hold the funds while we await direction from enforcement agencies.

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