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  • Trending offer: {61a52e9fc952900001743a5e-APY} APY high-yield MMDA, {623a35b5a9f1c5000165584d-APY}{FDIC-MM} higher than national average.

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

  • 24/7 online access to funds.

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Ponce Bank logo

Explore Savings Products

  • Trending offer: {61a52e9fc952900001743a5e-APY} APY high-yield MMDA, {623a35b5a9f1c5000165584d-APY}{FDIC-MM} higher than national average.

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

  • 24/7 online access to funds.

Save now

About Ponce Bank

An illustration of a local deli and grocery store

Ponce Bank was born in The Bronx in 1960, a time when most banks had abandoned what was then perceived to be a community in decline but in which our founders saw nothing but the potential of proud neighborhoods anchored by a strong immigrant work ethic and entrepreneurial spirit. They dreamed that all that was needed was a financial fuel. And in the 60 years since, we’ve provided that fuel for this engine of creativity and resilience and we’ve helped develop pockets of this spirit throughout The Bronx, Brooklyn, Queens, Manhattan and New Jersey. We never landed in comfortable places, choosing to help where help was needed most, and during this time we’ve become trusted partners throughout the communities we serve.

Our designation as a Community Development Financial Institution (CDFI) certifies this role as an investor in the future of underserved and underbanked communities.

Ponce Bank. Dreamers Welcome.

cdfi certified

Certified CDFI

Invests in underserved and underbanked communities

community

Minority Owned

Ponce Bank is recognized as a Minority Depository Instutiion (MDI) owing to its Hispanic American ownership. It serves as fixture within the Hispanic community in The Bronx, New York

money

Offering Savings and CDs

Ponce Bank offers competitive savings products exclusively through SaveBetter

Security Is Our Top Priority

FDIC

FDIC logo

Ponce Bank is a member of the FDIC. Deposits in Ponce Bank are insured by the FDIC 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

Ponce Bank, Powered by SaveBetter

Family enjoying outdoor time

Ponce 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 Ponce 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 Ponce 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

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

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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. Ponce Bank and the Ponce De Leon image are trademarks of Ponce De Leon Federal Bank, 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 facilitate 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 and Clark Bank is the Custodian Bank.