ONE DEMAND DEPOSIT ACCOUNT RATES AND FEES
Effective as of March 25, 2024
Annual Percentage Yield (“APY”) and Interest Rate:
Debit Section | 0.00% APY | 0.00% Interest Rate | (Non-Interest Bearing) |
Savings Pockets (including Custom User-Generated Pockets) | 5.00% APY 1.00% APY | 4.89% Interest Rate 1.00% Interest Rate | For Plus Customers and/or customers who have a total daily account balance of $5,000* or more, on total Savings balances up to $250,000** All other Savings Deposits** |
Pay Autosave Pocket, Auto-Save*** and ONE@Work Save Pocket | 5.00% APY 1.00% APY | 4.89% Interest Rate 1.00% Interest Rate | On total Savings balances up to $250,000**
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* Total daily account balance means the sum of the balances in the Debit and Savings Sections. This balance is determined at the end of the day (11:59 PT) and determines the APY for the current day.
** Users may only earn 5.00% APY (4.89% Interest Rate) on Savings balances (the Savings balance on the Savings Section, which is the sum of your Primary Savings Pocket, any custom user-generated pockets, and any Pay Autosave, Auto-Save and ONE@Work Save Pockets) up to $250,000. Savings balances above this threshold will earn 1.00% APY (1.00% Interest Rate). For Accounts with a Savings balance over $250,000, an APY will be calculated to reflect APY tiers, which will be applied to all Savings balances.
*** Only users who had a positive Auto-Save pocket balance on August 8, 2022 and have maintained a balance in that pocket are eligible to have an Auto-Save Pocket.
Interest Rate and APY are variable and may change at any time without notice at our discretion. Interest accrues daily and is credited monthly. Interest is calculated using the daily balance method, which applies a daily periodic rate to the Pocket principal each day. Interest begins to accrue the Business Day after the Deposit Date. If an Account or Pocket is closed, we do not pay any additional interest on that Account or Pocket, including any accrued interest that has not yet been credited.
There is no minimum balance required to open an Account or Pocket or obtain the APY disclosed for each Pocket. There are no limits on the number of withdrawals per month from your Account.
Fee Schedule:
Monthly Fee | $0 |
Overdraft Fee | $0 |
ONE ATM Fee (Use of ATMs may incur fees charged by the ATM providers. International ATM withdrawals may be subject to foreign transaction fees.) | $0 (for Plus Customers at AllPoint Network ATMs* ) $3.00 (for all other ATM withdrawals) |
Over the Counter (OTC) Withdrawal Fee | $0 (for Plus Customers) $3.00 (for non Plus Customers) |
Barcode Cash Fee (Withdraw Cash at Walmart) | $0 (for Plus Customers) $3.00 (for non Plus Customers) |
Mail a Check Fee | $0 (for Plus Customers) $3.00 (for non Plus Customers) |
Bill Pay Fee (for each bill paid through the Bill Pay feature, powered by Papaya Pay) | $0 (for Plus Customers) $3.00 (for non Plus Customers) |
Bank transfer to a linked account via Debit OCT (Instant Transfer) Fee | 1.75% of the transaction amount (minimum fee of $0.25 per transaction) |
ONE Debit Card Replacement Fee | $0 (for Plus Customers) $3.00 (for non Plus Customers) |
* AllPoint Network ATM locations can be found in the ONE App.
ONE Retail Card Fee Supplemental Schedule:
ONE Retail Card Purchase Fee* | $1.00 |
*This is a one-time fee for the purchase of a ONE Retail Card at a retail location. This fee is collected at the point of sale by the retail location and is not deducted from your Account and will not be reflected in your monthly statement or transaction history.
Your ONE Account is FDIC-insured through our banking provider, Coastal Community Bank, Member FDIC. Deposits are insured up to $250,000 per depositor.