Medallion Bank logo

Exclusive offers from Medallion Bank

  • FDIC insured. No fees. $1 minimum deposit.

  • 24/7 online access to funds.

  • {24C9595BEE2C4D01972EBF21-APY} APY* high-yield savings account, {24C9595BEE2C4D01972EBF21-APY}{FDIC-S} higher than national average.

  • Your deposits fund home improvements and outdoor recreation equipment for borrowers nationwide.

Save Now
Medallion Bank logo

Exclusive offers from Medallion Bank

  • FDIC insured. No fees. $1 minimum deposit.

  • 24/7 online access to funds.

  • {24C9595BEE2C4D01972EBF21-APY} APY* high-yield savings account, {24C9595BEE2C4D01972EBF21-APY}{FDIC-S} higher than national average.

  • Your deposits fund home improvements and outdoor recreation equipment for borrowers nationwide.

Save Now

About Medallion Bank

hiking

Reinvesting in our local community

Medallion Bank is a single office digital bank offering savings accounts exclusively online. Through our lending businesses, we help thousands of individuals and families every year improve their homes and buy the RVs and boats of their dreams. Medallion Bank is headquartered in Salt Lake City, Utah and has been recognized by the FDIC with an “outstanding” CRA rating for reinvesting in our local community.

bank

Unlock the Power of Deposit Insurance

Deposits with Medallion Bank are federally insured up to the FDIC limit.

cycle

How Medallion Is Different

Medallion Bank is a multi-billion dollar, Utah-chartered, FDIC-insured industrial bank established in 2003. We are a wholly owned subsidiary of Medallion Financial (Nasdaq: MFIN), a specialty finance company. We bring to our customers years of experience balancing high-tech offerings with high-touch banking.

value

Exceptional Savings

The savings products offered by Medallion Bank exclusively through SaveBetter feature market-leading rates.

Security Is Our Top Priority

FDIC

FDIC logo

Deposits in Medallion Bank are insured by the FDIC. Deposits are insured up to the limits of federal law. The standard insurance amount is $250,000 per depositor, per insured bank, for each deposit account ownership category.

Click to learn more about FDIC insurance

Cybersecurity is a top priority at SaveBetter

SOC2 logo

We invest in a variety of technologies to protect our customer’s data, privacy and transactions. These include Multi-Factor authentication, encryption, and Cloudflare advanced internet protection and monitoring. We are a SOC 2 certified organization, which means we have met the requirements outlined by the American Institute of Certified Public Accountants (AICPA) to ensure that we have the controls in place to keep customers' data secure and private.

Click to learn more about SOC 2 certification

Medallion Bank, Powered by SaveBetter

nature

Medallion Bank uses the secure SaveBetter platform to offer savings products to savers nationwide. Customers open accounts at SaveBetter.com, and the platform manages all aspects of the products offered by Medallion Bank, including a customer's deposits and withdrawals, statements and any customer service needs. In simple terms, SaveBetter provides you exclusive access to a special selection of Medallion Bank products. Best of all, SaveBetter is completely free!

  • Security: Funds deposited into any of the products accessible through SaveBetter are held by federally insured institutions. We use a host of cybersecurity measures to protect your funds and sensitive information.

  • Choice: Savings products from our network of financial institutions offer flexible terms and some of the most competitive interest rates. You can easily find the right product or mix of products for you.

  • Convenience: One account to hold all your deposit products. Simplified statements. Easy access to manage your funds – all through a streamlined digital platform.

  • Service: A supportive, accessible, responsive customer service team based in New York, NY, sets SaveBetter apart.

  • Access: Enjoy 24/7 online access to your account and funds.

Press

Read what the media is saying about SaveBetter.

  • U.S News

    Deposit Solutions is launching its savings portal in the United States

    Read article

Open an Account in 3-5 Minutes

Select a product

Select

the right product for your savings goals.

Register for a SaveBetter account

Register

with an email address and password, then verify your identity and bank information.

Add funds

Fund

the savings products you add to your new SaveBetter account.

FAQs

Call us: 844-994-EARN (3276)(Monday to Friday from 9:00 a.m. - 4:00 p.m. ET)

The SaveBetter name and logo are trademarks of Raisin US LLC. The Raisin Solutions US name and logo are trademarks of Raisin GmbH, used with permission. All other trademarks, logos, marks, and brand names are the property of their respective owners - used with permission

© 2023 Raisin US LLC. All rights reserved.

APY means Annual Percentage Yield. APY is accurate as of {todayDate}. Interest rate may change after initial deposit. Minimum opening deposit is $1.00.

Customer funds are held in various custodial deposit accounts. Each customer authorizes the Custodian Bank to hold the customer’s funds in such accounts, in a custodial capacity, in order to effectuate the customer’s deposits to and withdrawals from the various bank and credit union products that the customer requests through SaveBetter.com. The Custodian Bank does not establish the terms of the bank or credit union products and provides no advice to customers about bank or credit union products offered through SaveBetter.com. Central Bank of Kansas City, Member FDIC, d.b.a. Central Payments is the Service Bank. Lewis & Clark Bank is the Custodian Bank.