Available nationwide online, Bank Onward is offering a rate of 1.00% APY when you open a Savings Account.
Continue reading below to learn everything you need to know about Bank Onward.
About Bank Onward Savings
Bo, bank onward, is an online division of ConnectOne Bank. Bo was built to help people save for key life events from retirement to major purchases, by delivering easy, hassle-free banking with the best return possible.
Being an online account, they can offer one of the highest rates! The account gives you access to online banking, eStatements, mobile banking, text alerts, and so much more.
I’ll review Bank Onward Savings bonus below.
Note: Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Bank or CIT Bank.
Bank Onward Money Market 1.00% Rate
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- Account Type: Premium Money Market Account
- Interest Rate: 1.00% APY
- Minimum Balance: $250
- Maximum Balance: Unknown
- Availability: Online. Nationwide.
- Credit Inquiry: Unknown, Let us know
- Opening Deposit: $2,500 minimum
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: Unknown.
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
Bank Onward ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | None |
| Pull | ? | ? | ? | None |
Editor’s Note: Help us with the table above in the comment section if you have experience with ACH capabilities.
How to Earn Bank Onward Rate
- Open a Savings account from Bank Onward.
- To open an account you must be a legal US resident and be at least 18 years old. You must also have a valid Social Security number and government issued ID such as a Driver’s License, State ID Card, Passport, Permanent Resident card or Miltary ID Card.
- Earn APY based on your account balance:
| Balance Requirement | APY Rate |
| +$250 | 1.00% |
Why You Should Sign Up For This Account
- Get over 10x the annual return of regular savings accounts
- From retirement to a major life purchase, the savings program was designed to deliver the best return possible, in a simple and streamlined program.
- In just 15 minutes you can maximize your savings interest, and still have the same level of customer service and support that you deserve.
Bottom Line
Available to residents nationwide, Bank Onward is offering a competitive rate when you open a Savings Account. Rates are subject to change at any time but if you open an account today with a minimum deposit of $250 you can start earning interest on your account.
If you have any information on this account feel free to share your experiences with this bank by commenting below. For more bank offers, see our complete list of Best Bank Rates.
Check back often to see the latest info on Bank Onward Savings Account.
Bank Onward has two pretty major drawbacks for an online savings account. First, they limit transfers initiated with them with them (in or out) to $3,000. Their response is that this limit doesn’t apply to transfers initiated by other, more functional, banks.
They also only allow you to connect one external account. That’s also not very useful. Customer service tells me that an unlimited number of banks (again, banks with better utility) can connect to them. If all banks offered just ONE external account, BO Bank would cease to exist, so they need to up their game.