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FAQ Online Internet Savings Account

Savings Accounts

Savings Accounts

Q: What is a savings account?
A: A savings account is a secure place to put your money and earn a small amount of interest on a monthly basis. Most financial institutions offer these accounts to first-time investors and others looking to save for the future.

Q: Is there a difference between a regular savings account and an online savings account?
A: The biggest difference between a regular savings account and an online savings account is the rates. Traditionally, people seeking a savings account had to resort to their local financial institution and settle on low interest rates. But now sites like iGObanking.com®  have made high interest online savings accounts a more desirable way to save.

Q: How do I open an iGO high interest savings account?
A: To open an iGO high interest savings account, click on "iGO open my account" on the iGObanking.com® homepage, then follow the the six easy steps to complete your online savings account application.

Q: How do I view my iGO high interest savings account once it's been opened?
A: To view your iGO high interest savings account, simply enter your Username and Password under the "View my Account" heading on the iGObanking.com® homepage.

Q: Will I have to close my current savings account when I open my iGO high interest savings account?
A: No. After you open your iGO high interest savings account, you can transfer the money you want from your current savings account.

Q: What is the current interest rate for an iGO online savings account?
A: iGObanking.com® Online Savings Account Holders currently earn 3.28% APY*.

*Annual Percentage Yield. The APY on the iGOsavings® Account is effective as of 11/5/08. Rate may change on iGOsavings® Account after the account is opened without notice.

Q: Are there any fees or minimums to open my iGO high interest savings account?
A: There are NO FEES and NO MINIMUMS to open your iGO high interest savings account.