New Albert customers may earn a promotional Annual Percentage Yield (APY) on Albert high yield savings accounts for the first 60 calendar days after enabling a qualifying subscription and completing sign up for a high yield savings account during the promotional period.
For certain promotions you can earn a boosted 4.00% APY on your savings when you set up a High yield savings account. To set up High yield savings:
- Sign up from the promotional offer
- Complete the Albert signup flow and subscribe to any Albert subscription
- From the Albert home screen, tap "Start" next to Savings
- Set up High yield savings
- Deposit funds to start earning interest
Your interest rate boost will expire after 60 days.
Monthly fee
A monthly fee of $19.99/month is required to be eligible for a High Yield Savings account. This fee may reduce the interest earned on your account.
Interest
Customers with a High Yield Savings account earn interest on their Albert Savings balance. There is no minimum balance required to open the account.
The Annual Percentage Yield (APY) on your High Yield Savings account may change at any time before or after account is opened. Interest is paid monthly. See Terms of Use for details.
Insurance and security
Your Albert Savings funds are held at Wells Fargo N.A., Member FDIC, and FDIC-insured up to $250,000 on a pass-through basis.
Other FDIC rules may apply with respect to your Albert Savings funds. If you have a separate deposit account at the same institution as where your Albert Savings are held, the FDIC may include your separate account funds in your total $250,000 insurance limit.
Amounts and investments held in your Albert Investing account are not FDIC insured or bank guaranteed.