Apple Bank Review 2024
Top story
Apple Bank Review 2024
5 min read
A
By: Aldo Saenz

About Apple Bank

 

Apple Bank was founded as Haarlem Savings Bank in 1863. The bank acquired a number of banks from its founding until the present, such as Emigrant Savings Bank. Apple Bank operates more than 80 branches in New York and New Jersey.

 

 

Featured Offers

Apple Bank logo
Bank Grade
Top 1% rate
6.00% APY
Youth Savings
Children's Savings Account by Apple Bank
Apple Bank logo
Bank Grade
Top 3% rate
3.50% APY
Apple Gold Savings
Personal Savings Account by Apple Bank
Arundel Federal Savings Bank logo
Bank Grade
Top 1% rate
6.23% APY
Goal Maker Savings
High Yield Savings by Arundel Federal Savings Bank
Apple Bank logo
Bank Grade
Top 1% rate
6.00% APY
Youth Savings
Children's Savings Account by Apple Bank
Allied First Bank,sb logo
Bank Grade
Top 1% rate
6.00% APY
Holiday Club
Holiday Savings Account by Allied First Bank,sb
TAB Bank logo
Bank Grade
Top 1% rate
5.27% APY
TAB Save
High Yield Savings by TAB Bank
Dime Community Bank logo
Bank Grade
Top 1% rate
5.25% APY
Aspire Choice Savings
Personal Savings Account by Dime Community Bank
Newtek Bank logo
Bank Grade
Top 3% rate
5.25% APY
Personal High Yield Savings
High Yield Savings by Newtek Bank
Bread Financial logo
Bank Grade
Top 5% rate
5.15% APY
High-Yield Savings Account
High Yield Savings by Bread Financial

Apple Bank Overview

 

Arvest Bank is a small regional bank that offers a variety of bank products, such as CDs, checking, money market, and savings accounts. It does this through its more than 80 branches in New York and New Jersey. The bank offers competitive APYs on its savings and CD products.  

 

Competitive APY on CD and savings products.Most Apple Bank branches are in New York and some in New Jersey.
There are free checking and savings accounts available.Monthly service charges apply if certain minimum balance requirements are not met.
Monthly service charges can be waived.

 

 

Apple Bank Product Offerings

 

CDs

A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Apple Bank offers CDs with terms ranging from three months to five years. It offers competitive APYs that are higher than the national average of 2.79% on most of its CDs. Here are the details for some of the bank's CD offerings for the month! and 2024:

Apple Bank
8 Month CD
6 Month CD by Apple Bank
Bank Grade
B+
APY
4.00%
Avg. user rating
3.00
Why we chose it?
What to watch for

Apple Bank
7 Month CD
6 Month CD by Apple Bank
Bank Grade
B+
APY
4.00%
Avg. user rating
3.00
Why we chose it?
What to watch for

Checking Accounts

Apple Bank offers several different business and personal checking accounts. Most of the checking accounts offer APYs below the national average of 0.14% for checking accounts. Most also have no monthly service charges or charges that can be waived by meeting certain requirements. Here are the latest account details for April 2024:

Apple Bank
BasicValue Checking
Personal Checking Account by Apple Bank
Bank Grade
B+
APY
0.01%
Avg. user rating
3.00
Why we chose it?
What to watch for

Apple Bank
SimpleValue Business Checking
Business Checking by Apple Bank
Bank Grade
B+
APY
0.07%
Avg. user rating
3.00
Why we chose it?
What to watch for

Money Market Accounts

A money market account is an interest-bearing hybrid between a savings account and a checking account. Apple Bank offers several business and personal money market accounts, some of which offer APYs above the national average of 0.83%. Here are the account details for April 2024:

Apple Bank
Apple Advantage Money Market
Personal Money Market by Apple Bank
Bank Grade
B+
APY
2.96%
Avg. user rating
3.00
Why we chose it?
What to watch for

Apple Bank
Business Money Market
Business Money Market by Apple Bank
Bank Grade
B+
APY
0.01%
Avg. user rating
3.00
Why we chose it?
What to watch for

Savings Accounts

Apple Bank offers numerous business and personal savings accounts. All accounts either have a monthly service charge that can be waived or no monthly service charge. The yields offered are in line with those of most traditional banks and below the national average of 0.56%. Here are the latest savings account details for April 2024:

 

 

Apple Bank
Apple Gold Savings
Personal Savings Account by Apple Bank
Bank Grade
B+
APY
3.50%
Avg. user rating
3.00
Why we chose it?
What to watch for

 

Apple Bank
Simple Savings
Personal Savings Account by Apple Bank
Bank Grade
B+
APY
3.50%
Avg. user rating
3.00
Why we chose it?

Bank Fees

  • Overdraft fee: $35 for overdrafts of $50 or more

  • Savings and Money Market Account withdrawals: $20 per excess check

  • Account closure fee: None

  • Wire transfer fee: Domestic - Incoming is $15 and outgoing is $25; International - Incoming is $15 and outgoing is $50

  • Non-network ATM fee: $2

  • Monthly service charge: $3-$25 depending on the type of account

  • Stop payment fee: $35

  • Paper statement fee: $4

 

Apple Bank Features

Apple Bank's customer service line is available weekdays from 8:30 a.m. to 9 p.m. EST and on weekends from 9 a.m. to 3 p.m. They also operate an automated account info line 24 hours a day, 7 days a week, for basic account functions. The bank operates more than 80 branches in New York and New Jersey. It also offers an easy-to-use mobile app that allows customers to manage their accounts and perform basic account functions.

 

Apple Bank FAQs

How much can you withdraw from an Apple Bank ATM?
What are Apple Bank's customer service phone hours?
Is it safe to bank with Apple Bank?
What states does Apple Bank have branches in?
Does Apple Bank use Zelle?
Does Apple Bank charge overdraft fees?

 

Our Take

Apple Bank may be a good bank to do business with for its savings accounts and CDs. It offers one of the best APYs on its Youth Savings account and on some of its CD accounts. It offers a wide selection of checking and savings accounts for all purposes, some of which offer competitive APYs and some of which are free to open and maintain. As Apple Bank operates mostly in New York and has a small presence in New Jersey, it may be a good option for residents of those states who like to bank in person.

Methodology

 

Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.

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