Jenius Bank Review 2025
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At a glance
Best new bank account
Overview
Jenius Bank is an online-only bank that opened in 2023. It offers just one savings account. It’s best for customers who are comfortable solely banking online, as the bank doesn’t have branches or ATM access.
Highlights:
High APY No Min Balance No Monthly FeesHighlights:
Savings
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These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.2/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
Jenius Bank offers a high-yield savings account with a highly competitive APY — and you don’t need to jump through hoops to get that yield. Without a minimum balance requirement, you earn that high yield with any amount of money in the account. The account is available to just about anyone in the U.S., save residents of New Mexico and Hawaii, as Jenius currently isn’t accepting applications from residents of those two states.
Pros
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Jenius Bank’s high-yield savings account offers a top-notch APY.
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You get fee-free banking at Jenius Bank, including no withdrawal or excessive transaction fees.
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There isn’t a minimum balance requirement to earn interest.
Cons
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Jenius Bank offers just one savings account.
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ATM access isn’t available.
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Residents of Hawaii and New Mexico can’t open an account.
Jenius Bank banking products
Jenius Bank savings overview
Pros
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The savings account yield is top-notch.
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Jenius Bank doesn’t charge fees, including monthly or excessive transaction fees.
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Joint savings accounts are available.
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There isn’t a minimum balance requirement.
Cons
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Residents of Hawaii and New Mexico can’t open an account.
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Customers don’t have ATM access.
Rate history for Jenius Bank's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | None |
| Non-sufficient funds fee | None |
| Account maintenance fees | None |
| Excessive transaction fee | None |
Customer experience
24/7 support is available. Customers can call customer support 24/7, and they can also submit questions through an online form.
New mobile app. Jenius Bank launched in 2023 without a mobile app, but now customers can download the bank’s app on both Android and Apple devices. It gets good ratings on both platforms, though there are a limited number of reviews as of February 2025.
About Jenius Bank
Jenius Bank, which opened in 2023, is an online-only bank and is the digital banking division of SMBC MANUBANK (Manufacturers Bank), which was established since 1962. Jenius doesn’t have any branches and offers just one deposit account.
Review methodology
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.
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