At a glance

4.3

Bankrate Score

CDs

Checking

Savings

MMA

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Overview

Consumers who are comfortable with banking solely online and looking for competitive rates on savings and money market accounts as well as certificates of deposit may find iGObanking worth a look.

Highlights

High APY
No Monthly Fees

Overall

IGObanking, an online division of Flushing Bank, offers a range of deposit products to consumers nationwide. Consider accounts at Flushing Bank, BankPurely and iGObanking when calculating your FDIC insurance coverage, since all of the previously mentioned banks are under the same FDIC certificate.

Pros

IGOBanking offers competitive rates across deposit products.
It charges no monthly fee on any of its products.
Customers can earn a bonus rate on the iGOsavings Plus savings account by meeting certain requirements.
You can earn a gift for opening a CD with at least $25,000.

Cons

The iGOsavings Plus savings account bonus rate applies only on balances up to $25,000.
A steep $25,000 deposit is needed to open the money market account.
Balances below $25,000 in the money market account earn no interest.

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iGObanking banking products

3.9

Bankrate Score

Compare top savings rates

FEATURES

1.50% APY

APY last updated between 11/14 and 11/20.

$100 minimum balance for APY

$100 minimum deposit to open

iGObanking savings overview

IGOBanking offers two savings accounts: iGOsavings, the product scored for this review, and iGOsavings Plus. Both require no minimum monthly balance and charge no monthly fee.

IGOsavings, the simpler of the two accounts, offers the same APY on all balances. The rate is well above the national average but lower than can be found at other banks and credit unions. Both accounts offer the ability to deposit checks with a mobile device.

The iGOsavings Plus account, meanwhile, pays the same APY, but customers can earn a bonus rate if they maintain a minimum average monthly balance of $1,000 in an iGOchecking account. The bonus rate only applies to balances up to $25,000. Any balance above that threshold earns the standard APY.

The iGOsavings Plus account has three balance tiers:

$5,000 or less
$5,001-$25,000
More than $25,000

The lowest balance tier earned the highest yield during Bankrate’s review. Both the first and second tier earned a reward credit. The third, and highest balance tier, earned the same APY as the middle tier but earned no bonus credit.

The iGOsavings Plus account reimburses ATM fees up to $15 each statement cycle, giving customers flexibility to use any ATM without incurring a fee up to the limit.

Pros

Both the iGOsavings Plus and the iGOSavings accounts charge no monthly fee.
No minimum deposit is required to open either savings account.
Customers can earn a bonus rate by meeting certain requirements.
The iGOsavings Plus account reimburses ATM fees up to $15 a month.

Cons

The bonus rate applies only on balances up to $25,000.
The iGOsavings Plus account’s lowest balance tier ($5,000 or less) earns the highest APY.
You’ll need to open the iGOchecking account and keep $1,000 in it to earn the iGOsavings Plus bonus rate.

Rate history for iGObanking's Savings account

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

iGObanking

APY

APY last updated between 11/14 and 11/20.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

iGObanking

APY

APY last updated between 11/14 and 11/20.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

3.9

Bankrate Score

Compare top CD rates

FEATURES

0.15% – 4.15% APY

APY last updated between 11/14 and 11/20.

$1,000 minimum balance for APY

$1,000 minimum deposit to open

1 year – 5 years

iGObanking CD overview

IGObanking offers five CD terms ranging from six months to four years.

At least $1,000 is needed to open one of these CDs, all of which offered competitive yields during Bankrate’s review.

The bank offers no specialty certificates of deposit, such as bump-up CDs or no-penalty CDs.

Pros

All CD terms pay a competitive annual percentage yield (APY).
Only $1,000 is needed to open a CD.
You can earn a gift by opening a CD at iGObanking.

Cons

Savers looking for longer-term CDs will need to look elsewhere.
No specialty CDs are available.
You’ll need to open a CD with at least $25,000 to receive a gift.

Rate history for iGObanking's CD accounts

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

iGObanking

APY

APY last updated between 11/14 and 11/20.

National average APY

Term length

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

iGObanking

APY

APY last updated between 11/14 and 11/20.

National average APY

Term length

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

4.1

/5

See methodology Compare MMA rates

SCORE BREAKDOWN

APY offering:

4.00%

4/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.

Minimum balance for APY:

$25,000.00

1/5

The lowest balance an account must maintain in order to earn interest.

Monthly service fee:

$0.00

5/5

A monthly charge a financial institution deducts from an account if certain requirements are not met.

Minimum balance to avoid fee:

$0.00

5/5

The lowest amount an account must maintain in order to avoid a fee.

Check writing:

Yes

5/5

The ability to write a certain amount of checks within a statement cycle.

Debit/ATM access:

Good

4/5

The ability to withdraw funds from an account through the use of debit or ATM card.

iGObanking money market overview

IGObanking’s money market account pays a competitive yield, but customers need at least $25,000 to open it. The iGOmoneymarket account charges no monthly fee, but it doesn’t offer check-writing privileges.

The iGOmoneymarket account earned a competitive yield on balances of more than $25,000 during Bankrate’s review. But it doesn’t earn interest on balances below $25,000. The bank’s iGOindexmoneymarket earned a slightly lower yield on balances of at least $25,000.

Pros

The iGOmoneymarket pays a competitive APY.
It charges no monthly service fee.

Cons

A steep $25,000 deposit is needed to open the account.
Check-writing privileges aren’t available.
Balances below $25,000 don’t earn interest.

4.5

Bankrate Score

Compare top checking rates

iGObanking checking overview

IGOBanking offers a single checking account that requires $100 to open. Despite its name, the iGO High Interest Checking Account pays a nominal APY, but it doesn’t charge a monthly fee.

Account holders get access to a Mastercard debit card to access more than 55,000 fee-free ATMs through the Allpoint network.

You can’t make more than $1,500 worth of purchases and transactions in a day.

The bank’s checking account doesn’t have nonsufficient funds fees (NSF) or overdraft fees.

Pros

There’s no monthly maintenance fee.
The account earns a little bit of interest.
The iGOChecking account doesn’t have NSF fees or overdraft fees.

Cons

IGOBanking’s checking account earns a lower yield than the national average savings account.

Compare Offer

Bank experience

IGObanking is an online bank that offers accounts to consumers nationwide. Account holders can access their accounts online or though its mobile app, available for iOS and Android devices. Through the app, customers can set up account alerts, deposit checks, pay bills and more.

Customer service representatives are available seven days a week, 7 a.m. to 11 p.m. Eastern time.

IGOBanking customers can use the bank’s app to send money through Zelle.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	iGObanking APY APY last updated between 11/14 and 11/20. APY last updated between 11/14 and 11/20	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
11/05/2024	1.50%	0.56%
10/01/2024	1.50%	0.57%
09/03/2024	1.50%	0.61%
05/07/2024	1.50%	0.59%
04/02/2024	1.50%	0.58%
03/05/2024	1.50%	0.57%
01/02/2024	1.50%	0.58%
12/05/2023	1.50%	0.57%
11/21/2023	1.50%	0.61%

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	iGObanking APY APY last updated between 11/14 and 11/20. APY last updated between 11/14 and 11/20	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
10/01/2024	0.15%	1.42%
09/03/2024	0.15%	1.43%
08/06/2024	0.15%	1.44%
07/09/2024	0.15%	1.42%

IGObanking Review 2024

The Bankrate promise

At a glance

Overview

Highlights

Overall

Pros

Cons

We want to know what you think about iGObanking

iGObanking banking products

iGObanking savings overview

Pros

Cons

Rate history for iGObanking's Savings account

iGObanking CD overview

Pros

Cons

Rate history for iGObanking's CD accounts

iGObanking money market overview

Pros

Cons

iGObanking checking overview

Pros

Cons

Bank experience

Review methodology

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