I opened a new online savings account at 0.65% APY without any trouble, but received the following reply when I asked their support what the transaction limits are; "Our daily limit is $3,000.00 for deposits and withdrawals. Our monthly limit is $15,000.00.
There is no limit on the number of transactions you can do, just on the amounts." Those limits are so low that they make the account essentially worthless to me.
|FDIC Certificate #||57919|
|Return on Assets - YTD||1.79%|
|Return on Equity - YTD||13.15%|
|Annual Interest Income||$222.7MM|
|Assets and Liabilities|
|Assets||Q3 2021vs Q3 2020||$7.95B$7.45B|
|Loans||Q3 2021vs Q3 2020||$6.50B$6.19B|
|Deposits||Q3 2021vs Q3 2020||$6.54B$5.89B|
|Equity Capital||Q3 2021vs Q3 2020||$1.08B$975.9MM|
|Loan Loss Allowance||Q3 2021vs Q3 2020||$78.0MM$74.3MM|
|Unbacked Noncurrent Loans||Q3 2021vs Q3 2020||$80.6MM$78.3MM|
|Real Estate Owned||Q3 2021vs Q3 2020||$0$0|
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|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
Bank Onward (Bo) is an Internet only bank and does not have branch locations. Its headquarters is located at 2455 Morris Avenue - Union, NJ 07083