13 month high-yield CD
1.31% high-yield CD, 6.2X higher than national average.
FDIC insured. No fees.
Bank with purpose: your deposit helps us keep investing in underserved communities hard hit by the Covid crisis.
High-yield CD, 6.2 times higher APY than the national average
Expedite your savings with APYs significantly higher than the national average. Lock in to a competitive interest rate for a fixed period to better manage your return expectations.
About Ponce Bank
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.
Certified Community Development Financial Institution (CDFI)
We earned our CDFI status by investing more than 80% of our assets in low and moderate income communities. Your deposit helps us keep investing in underserved communities hard hit by the Covid crisis.
Community Development Financial Institutions (CDFIs) share a common goal of expanding economic opportunity in low-income communities by providing access to financial products and services for local residents and businesses.
Ponce Bank is an FDIC insured financial institution
Federal Deposit Insurance Corporation
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.
Ponce Bank, powered by SaveBetter
Ponce Bank uses the secure SaveBetter platform to feature and manage specially selected savings products. Customers open accounts at SaveBetter.com and the platform manages all aspects of the products offered by Ponce Bank including operations, customer service and marketing. In simple terms, SaveBetter is a consumer facing digital storefront that provides access to Ponce Bank products. Best of all, SaveBetter is completely free!
Start saving in 4 simple steps:
- 1.Discover competitive savings products.
- 2.Select the right products for your savings goals.
- 3.Register for a SaveBetter account — one is all you need!
- 4.Fund and access your new savings products.
Now you can add more savings products any time you want. It’s that simple!
At SaveBetter, cybersecurity is a top priority and we implement a variety of technologies to protect our customer’s data, privacy and transactions.
Access: SaveBetter platform uses Multi-Factor authentication combined with leading authentication technology to protect our client identities.
Encryption: Your information is encrypted in-transit and at-rest using the latest cryptographic security algorithms.
Protection: Cloudflare advanced internet protection technologies are implemented to protect the SaveBetter site from malicious actors, botnets and denial of service attacks (DDOS).
Monitoring: The information security monitoring platform is in place to detect and alert on information security events.
Assessments: Our platform undergoes rigorous security assessments and testing from architecture planning to production phases.
Cloudflare is a registered trademark of Cloudflare, Inc.
In return for helping them connect with savers across the United States, we are paid fees by our product partner banks that offer savings products. This allows us to provide these services free of any charge from SaveBetter to our valued customers!
You are signing up for a Ponce Bank savings product through the SaveBetter platform. Customers sign up with a SaveBetter account to access featured Ponce Bank products. At all times, you remain a SaveBetter customer.
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.
© 2022 Raisin US LLC. All rights reserved.
APY means Annual Percentage Yield. APY is accurate as of April 4, 2022. Interest rate may change after initial deposit. Minimum opening deposit is $1.00.
Each customer authorizes the Custodian Bank to hold the customer’s funds in a custodial capacity in order to facilitate the customer’s deposits to and withdrawals from deposit accounts at various Product Banks that the customer requests through SaveBetter.com. The Custodian Bank does not establish the terms of the deposit accounts, or offer the deposit accounts to customers, and provides no advice to customers about deposit accounts. Central Bank of Kansas City, Member FDIC, d.b.a. Central Payments is the Service Bank. Custodian services are provided by Lewis and Clark Bank.