T-Bank Savings Account (formerly Tinkoff)
A Savings Account That's Lost Its Luster - Not the Best Option for Long-Term Savings
summarizeEditor's Summary
I used to be a fan of the TB Bank Savings Account, but its daily balance interest rate and decent interest rate of 14% have lost their luster. The interest rate started to decrease, and I've been transferring my funds to other banks. While the app made it easy to open an account, the savings account interest rates aren't competitive anymore. If you're looking for a long-term savings option, you might want to consider other banks with better deals. I've been on a quest to find the best savings accounts, and this one's no longer at the top of my list. I've been with TB Bank for a while now, and I've seen the interest rates drop over time. It's not a great option for long-term savings, and I wouldn't recommend it to anyone looking for a high-yield savings account.
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live_helpFeatured FAQ
Is the TB Bank Savings Account still a good option for long-term savings?
Unfortunately, no. The interest rate has decreased over time, and other banks offer better deals. If you're looking for a long-term savings option, you might want to consider other banks with more competitive rates.
Can I still open a TB Bank Savings Account?
Yes, you can still open an account, but be aware that the interest rates and features might not be as competitive as they used to be.
How do I transfer my funds from the TB Bank Savings Account to another bank?
The transfer process was smoother than expected. You can do it online or through the mobile app, and customer support was helpful when I had questions.
What are the current interest rates for the TB Bank Savings Account?
Unfortunately, I don't have the most up-to-date information on the current interest rates. I recommend checking the bank's website or contacting customer support for the latest rates.
Is the TB Bank Savings Account available online or through a mobile app?
Yes, you can access your account online or through the mobile app. The app is user-friendly and makes managing your account a breeze.
Can I access my account 24/7?
Yes, you can access your account online or through the mobile app 24/7. However, customer support might not be available 24/7, so be sure to check their hours before reaching out.
What kind of customer support does TB Bank offer?
Customer support was helpful when I had questions, but not exceptional. They were available to answer my questions and help with any issues I had.
Can I open a TB Bank Savings Account if I'm not a US citizen?
I'm not sure if non-US citizens can open a TB Bank Savings Account. I recommend checking the bank's website or contacting customer support for more information on their eligibility requirements.
How long does it take to open a TB Bank Savings Account?
It's a relatively quick process. I was able to open an account in a matter of minutes using the app.
check_circlePros
- •Easy to open an account using the app or the bank's website
- •Daily balance interest rate was a nice feature when I first started
- •Decent interest rate of 14% at the time I opened the account
- •Customer support was helpful when I had questions
- •The app is user-friendly and makes managing your account a breeze
- •You can access your account online or through the mobile app
- •Transferring funds to other banks was a smooth process
- •Customer support was available to answer my questions
cancelCons
- •Interest rate decreased over time, making it less competitive
- •Savings account interest rates aren't as high as they used to be
- •Not a great option for long-term savings with its current rates
- •Transfer process to other banks was smoother than expected
- •Customer support was helpful, but not exceptional
- •The account's features and rates haven't kept up with other banks
- •Interest rates dropped over time, which is disappointing
- •Not a good choice for those looking for high-yield savings
