One Review: Earn 5.00% APY on Savings

Available nationwide, One is offering 5.00% APY when you open a new account with qualifying activity.

About One

One is a mobile banking app and debit card that offers Debit Rewards, early pay, high-yield Savings and no monthly fees.

One is a leading consumer finance app on a mission to help people live healthier financial lives. The company is backed by Walmart and Ribbit Capital and partners with licensed banks to offer digital banking services that empower consumers to save, spend, and grow their money — all in one place. One is a financial technology company, not a bank. Banking services are provided by Coastal Community Bank, Member FDIC. One card is issued by Coastal Community Bank pursuant to licensing by Mastercard International. To learn more about One, please visit one.app.

• Multi-product consumer financial app.
• Available inside & outside of Walmart
• Backed by Walmart & Ribbit Capital.
• $1 billion+ capital investment

One is a financial technology company, not a bank. Banking services provided by Coastal Community Bank, Member FDIC.

One Account Rate

• Learn More at One
• Account Type: Checking
• Interest Rate: 5.00% APY
• Availability: Nationwide
• Minimum Balance: None
• Maximum Balance: $250,000
• Credit inquiry: Soft Pull
• Monthly Fees: None
  
• Early Termination Fee: None

(FDIC Insured)

How to Earn Rate

1. Open a new account.
2. Fill out your personal information – Provide your name, address, phone, email and social security number or Tax ID.
3. Fund the account/transfer funds – Transfer funds electronically from an internal account here or an external account at another bank.
4. Receive $500 or more of eligible direct deposits in the previous month OR have a total daily account balance of $5,000 or more.
5. Earn 5.00% APY on your deposits.

Why You Should Sign Up For This Account

• Get paid up to 2 days early with direct deposit²
• Earn up to 5.00% APY on Savings³
• Earn 3% cash back at Walmart, up to $50 every year, with eligible deposits⁴
• Earn up to 5% cash back on select brands
• No monthly fees or minimum balances¹
• Send money to anyone easily with One to One
• Free Bill Pay with eligible deposits
• Fee-free and interest-free overdraft protection up to $200 with eligible deposits.⁵
• Over 55,000 no-fee ATMs, with eligible deposits.⁶

³5.00% annual percentage yield (APY) applies to the primary Savings pocket and custom pockets of customers who either (i) received $500 or more of eligible direct deposits in the previous month or (ii) have a total daily account balance of $5,000 or more. Customers can also earn 5.00% APY on Pay Autosave and Even Save balances. In all instances 5.00% APY is limited to a total Savings balance of up to $250,000. All other Savings balances will earn 1.00% APY. APYs are as of 02/07/2024, but may change at any time before or after account opening. Fees may reduce earnings on this account.

Bottom Line

Check out this offer from One and open a new account to earn the high rate today!

Interested in Bank Bonuses? See our favorite banks including U.S. Bank, HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.

For more bank offers, see the complete list of Best Bank Rates!

Check back often to see the latest info on One Account.

⁶Allpoint Network ATM transactions are fee-free for accounts with eligible direct deposits totaling at least $500 in the previous month. For all other ATM transactions the One ATM Fee will apply and third-party ATM fees may be incurred.
Barcode withdrawals are free with eligible direct deposits totaling at least $500 in the previous month, otherwise a $3 Barcode Cash Fee applies.
⁴Use your One card at any Walmart Money Center, cashier, or Customer Service desk to deposit or make a cash withdrawal for free. To receive 3% cash back, eligible customers (at the time their purchase settles) must (i) have received $500 or more of eligible direct deposits in the previous month, or (ii) have a total account balance of $5,000 or more. 3% cash back is limited to up to $50 per year and applies only to purchases made at U.S. Walmart locations and on Walmart.com. This promotion may not be combined with other One promotions that offer cash back on purchases at Walmart. Terms Apply.
¹For One Retail Cards purchased at an in-store retail location, A $5 One Retail Card Fee will be applied 15 days after card purchase and then every month until you apply for a One deposit account, are approved, and make an additional deposit.
²Direct deposit may be available up to 2 days in advance, but depends on when your employer sends paycheck data.
With eligible direct deposits totaling at least $500 in the previous month.
⁵Must be 18 or older to receive overdraft protection. Overdraft balance is due right away. Transactions eligible for overdraft protection are determined by One. See details.