Available nationwide, Comenity Direct is offering a rate of 0.75% APY when you open a High Yield Savings Account. Continue reading below to learn everything you need to know about Comenity Direct.
About Comenity Direct High Yield Savings
Comenity Direct strives, every day, to create a customer experience worthy of your business. Comenity has been helping people get more for their money since we introduced our first credit card in 1986.
When you open an account with Comenity Direct, you can sleep easy knowing your deposits are Member FDIC.
I’ll review Comenity Direct High Yield Savings Account below.
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[table “” not found /]Comenity Direct High Yield Savings 0.75% Rate
To earn this generous rate, just maintain the monthly balance requirement and you can earn the high rate that applies to all balances.
- Account Type: High Yield Savings Account
- Interest Rate: 0.75% APY
- Availability: Nationwide
- Minimum Balance: $0
- Maximum Balance: $10 Million
- Credit Inquiry: None
- Minimum Opening Deposit: $100
- Credit Card Funding: None
- Direct Deposit Requirement: None
- Monthly Maintenance Fee: None
- Early Termination Fee: Unknown
(FDIC Insured)
Comenity Direct ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | ? |
| Pull | ? | ? | ? | ? |
Editor’s Note: Help us with the table above in the comment section if you have experience with Comenity Direct’s ACH capabilities.
How to Earn Comenity Direct Rate
- Open a High Yield Savings account from Comenity Direct with a minimum opening deposit of $100.
- Earn 0.75% APY for balances of $1 and up to $10 million.
| Balance Requirement | APY Rate |
| $1 – $10,000,000 | 0.75% APY |
Why You Should Sign Up For This Account
- Maintain a low balance to start off earning 0.75% APY
- Receive high earnings without paying back in monthly fees
- All deposits are Member FDIC to the maximum amount allowed by the law
Bottom Line
For those of you looking for a savings account with a high APY rate, look no further as Comenity Direct High Yield Savings Account offers a competitive APY Rate. The High Yield Savings Account comes with no fees and is based online so you can keep track of your money at any time.
Let us know about your experience with this bank and comment below. For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Comenity Direct Online Savings Account.
Today’s APY is 1.45%.
STAY AWAY.
My husband and I have had the worst banking experience of our lives with Comenity Direct. Still ongoing. A month ago, we opened an account via their website but were given no account number with which to set up “online banking,” so the next day, I called to get it, already feeling suspicious that it had not been provided to me upon sign up. Two different customer service reps told me that Comenity had no high yield savings account and that whatever I had signed up for was fraudulent. They transferred me to their fraud department where I was told the same thing. Meanwhile, my husband was also calling and getting the same message – the fraud rep from Comenity told him that they were planning to roll out a savings account “at some point in the future” but had not yet done so. We were baffled that the site and customer service phone tree would both mention savings accounts but their OWN EMPLOYEES had no idea about this option or how to help us. We decided that even if it wasn’t fraudulent, we were done.
We called back the next day and spoke with Daniel who surprisingly knew all about the savings account option and was able to give us our account number. We asked that our account be terminated. He said it would be and our money returned immediately. Fast forward two weeks and our money was not returned. I called and was told that due to a standard 10 day hold on my money, it would definitely be returned no later than the following week. That week came and went and you guessed it – no money. I called and spoke to Dee who said she could see notes on my account with the directive to close the account but had “no idea why” the account wasn’t closed yet. She said she would track down some supervisors and call me back. She did call me back later that day to promise me that my money would definitely be returned the following week. That deadline came and went and the money has still not been returned.
At this point, we have no confidence in Comenity and believe they are holding our money for as long as possible to make money off of it. We’ve filed a complaint with the Consumer Protection Agency and will pursue legal action if they don’t act quickly. We will be calling every day at this point just to get our initial deposit back.
Whatever you do, STAY AWAY from this bank and warn all your friends and relatives to never do business with them. This kind of ignorance in the customer service ranks feels too intense to be accidental, and if it is, that’s even scarier when you imagine the other kinds of neglect that could exist in this company.
Very POOR customer service, I am sorry that I opened 3 accounts with Comenity Direct. Still waiting for a call back (9 days)
On hold for 27 minutes 1st call, then on hold 19 minutes 2nd call.
On a scale of 10, I give them ZERO
Thanks for the feedback and I’m sorry they’ve been problematic. Just a heads up, Vio Bank (VIO BANK division of MidFirst Bank) has a high yield savings account @ 2.46% on all balances, compounded daily.
I am however going to open a 1 year CD with them–already spoke a Rep. Lord willing, all goes well.
Stay vigilant!
I opened various savings accounts and had many issues. First, a customer service phone representative initially told me deposits would be available in 2-3 business days; this is incorrect, which I found out too late; for the first month (or so), incoming deposits initiated on Comenity’s site are held for 10 business days. Second, I was set up my new savings accounts to pay bills and confirmed with the 3rd party that they can debit savings accounts; So far, only 1 of 4 transactions were successful, the other 3 were reported by the 3rd party as the transaction not going through and the vendors said that Comenity had some sort of block. I plan to test to see if I can initiate a transfer from my linked account out of my Comenity account; I have a sneaking suspicion that I will have an issue. As “Tim” stated above on 5/15/19, it does seem like it’s easy to transfer money in, but more challenging taking the money out, which is EXACTLY the issues I’ve been having the first 4 weeks I have had the account open. I’m definitely NOT happy/satisfied customer.
Though interest rates are very high, if you require regular access to your funds, I would think twice. Maybe deposit funds that you don’t plan to access into Comenity, while keeping your other accounts, that is going to be my plan moving forward.
I’m considering using them to park a substantial savings. Any new updates on your account? Were you able to transfer your money successfully? Hopefully if so, was it via transfer from your external account you linked at setup?
Any feedback would be greatly appreciated. Be well.
Standard for a few days to get setup with transferring money to open an account. After it was settled I was looking in my log in to see if I could find a way to transfer money. I could not, it was like the roach motel, you can check in but you can’t check out. It said there was a problem on there end. The following day I could find a way to move money but I’m not sure if I can trust this new site.