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Simple Shared Checking Accounts

A Simple Shared Account lets you share as much of your money as you each want.

Share what makes sense

Shared Accounts let you share how you want, when you want, with whoever you want. Share your everyday finances, or save up for a big trip. It’s up to you!

Keep what makes sense

With a Shared Account and two Individual Accounts, "yours", "mine", and "ours" stays separate.

Dream bigger together

Set a shared Goal and tell us how much you want to save for it —we’ll make the saving automatic.

Save faster together

Earn up to 0.50% APY on money in a shared Savings Goal, so you’ll earn more, together.1

Getting started is easy

You don’t even have to be in the same place.

The finest print: The rates are effective as of December 10, 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. 		APY
$0.01 to $1,999.99 0.50%
$2,000 to $4,999.99 0.50%
$5,000 to $9,999.99 0.50%
$10,000 to $14,999.99 0.50%
$15,000 to $19,999.99 0.50%
$20,000 and above 0.50%

1 Check it out for yourself (based on the December 7, 2020 National Rate): https://www.fdic.gov/regulations/resources/rates/

Important! This account is for your personal use only

An increasing number of customers are being targeted by fraud scams. Before you apply, review these guidelines to help prevent you from being involved in fraudulent activity.

Do not open an account on behalf of someone else
If anyone asks you to open a Simple Account to receive funds, it is an attempt at fraud. Common fraud attempts include requesting that you open an account to receive a gift or bonus offer, obtain a job or job training, or help someone else receive funds (such as unemployment benefits).

Do not share your login or account information with anyone
Neither Simple nor any other legitimate institution will ever ask for your account information. If any third party requests your Simple Account login information, it is an attempt at fraud. Sharing your account information with another person or allowing someone else to use your account to receive funds is a violation of the Simple Deposit Account Agreement terms and conditions and can expose you to fraud.

Actions we may take if fraud is suspected

We take fraud and security very seriously at Simple, and take rapid action in the instance of suspected fraud attempts.

We may freeze and close accounts
We may freeze and close accounts if fraudulent activity is suspected, including the following circumstances:

We will report fraud attempts
We are responsible for reporting fraud attempts to authorities, including attempted unemployment fraud. 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.

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