Comments on: TotalBank Money Market Review: 5.01% APY (Nationwide)

By: Anthony Nguyen

Anthony Nguyen — Mon, 20 Mar 2023 20:14:27 +0000

In reply to MING. You are correct. $25K minimum to open, but only $2,500 afterwards to keep the rate. Thanks.

By: MING

MING — Mon, 20 Mar 2023 19:52:37 +0000

Their website says $25K to open new account.

“A $25,000 minimum deposit via ACH is required to open an account”

By: Kevin

Kevin — Wed, 07 Sep 2022 17:38:22 +0000

This bank is terrible, I setup my account over a week ago, they pulled the money from my external account but I have received no communication from them regarding my account or how to access it. I have sent multiple emails with no response and currently on hold for over an hour to try and speak to someone about my account. Avoid them at all costs.

By: roger

roger — Tue, 25 Feb 2020 14:17:25 +0000

terrible. requires a credit pull. they also drew funds twice and refused to return without going through my current bank

By: Howard Young

Howard Young — Wed, 06 Nov 2019 23:25:14 +0000

In reply to Greg Jay. Thank you for updating us, Greg!

By: Greg Jay

Greg Jay — Wed, 06 Nov 2019 23:14:01 +0000

$5K opening balance to earn 2.35% APY (not $50K). No interest for accounts less than $5K. But no fees for going below the minimum (>$5K). The online account has no mechanism for linking or initiating ACH transfers from this bank. You have to link and initiate (inbound and outbound) ACH transfers from another (external) bank account.