Overview / Commentary
888-432-5890
144-51 Northern Boulevard
Flushing, NY 11354

iGObanking.comĀ®, a division of Flushing Savings Bank, FSB, is an online bank that allows you to manage your money simply and securely. We offer high-yielding savings, money market savings, checking and CD products that can be opened online, or by mail. Once your iGObankingĀ® account is opened, you can automatically make deposits and withdrawals to and from your regular banking account.

Related Posts

iGObanking Boosts Savings Account Rate To 1.90% APY - 8/29/2018

iGObanking (internet bank) has raised the rate on its iGOsavings account to 1.90% APY on all balances. There is no minimum or maximum deposit requirements.

iGOmoneymarket Rate Now 2.00% APY - 7/14/2018

iGOmoneymarket 2.00% APY $25,000+ minimum balance. New accounts and new money only.

iGObanking CD Specials: 2.35% APY 12-Month / 2.75% 24-Month - 6/6/2018

APYs are effective as of 6/4/18 $1000 Minimum Deposit Not available for IRA CDs https://www.igobanking.com/rates.aspx

View all posts from:

9/23/15 - iGObanking Increases Rate On 12-month iGOCD
5/27/15 - iGobanking Raises Rates On 24-Month CD And Money Market Account
5/26/15 - Money Market Rate Hike To 1.10%
2/10/15 - iGObanking Offers Top Rate 12-month CD, Available Nationally
11/24/14 - Igobanking 3 Year CD Rate Hike
11/9/14 - iGObanking Raises Rate On 24-month CD To Competitive Level
9/25/14 - Igobanking Ups 5-Year CD To 2.05% APY
9/18/14 - iGObanking Raises Rate on iGOsavings and Offers New 6-month CD
9/16/14 - Igobanking--1% APY 6-Month CD
9/4/14 - 6 Month 1.00% APY CD, Igobanking.
5/14/14 - Igo Banking 5 Year CD Rate Drop
12/16/13 - Top Internet Bank 5-Year CD Rate at iGObanking.com
12/14/13 - New 5-Year Rate
10/4/13 - Big Increase in Money Market Rate at iGObanking.com
10/2/13 - Igo 5Yr CD Rate Cut
8/17/13 - Drivers License Required For Existing Customer To Open CD
7/18/13 - Big Increase in 5-Year CD Rate at iGObanking.com
7/23/12 - Big Increase in iGObanking.com's Early Withdrawal Penalty
7/20/12 - Change Of Withdrawal Policy
7/17/12 - New Competitive CD Rates at iGObanking.com
11/14/11 - Two Top CD & IRA CD Rates at iGObanking.com
8/11/11 - iGObanking Slashes Their Long-Term CD Rates
7/5/11 - New Long-Term CDs with Top Rates at iGObanking.com - Available Nationwide
12/9/10 - Igobanking.Com Slashes Savings Account Rate
11/22/10 - iGObanking.Com Cuts Savings Account Rates
11/18/10 - CD Rates Drastically Slashed At Igo Banking
11/16/10 - 1.50% 15-Month CD At Igobanking.Com
11/10/10 - CD Rate Changes at iGObanking.com & iPad Gift Package at GiftsforBanking.com
10/20/10 - Hot 2-Year CD Rate at iGObanking.com - Available Nationwide
9/16/10 - Igobanking Raises 2-Year CD Rate As It Lowers Its 3-Month CD Rate
3/9/10 - iGObanking.com Savings Account Yield Falls to 1.21%
3/4/10 - CD Gift Program and Competitive CD Rates at GiftsforBanking.com
3/3/10 - New CD Gift Program at iGOBanking.com
2/3/10 - Competitive 5-Year CD at iGOBanking.com - Available Nationwide
12/19/09 - New 5.30% No-Min Online Savings Account - iGObanking
7/26/09 - 3.25% 24-Month CD at iGObanking.com - Nationally Available
2/22/09 - 3.80% Online Checking Account and $50 Bonus at iGObanking.com
11/22/08 - iGObanking.com Update - 4.30% 15-Month CD, 3.80% Checking Account, $50 Bonus
11/6/08 - 4.15% 9-Month CD at iGObanking.com
8/8/08 - $50 Checking Account Bonus at iGObanking.com
5/13/08 - iGObanking.com Launches High Interest Checking
3/6/08 - 4.30% 60-Month and 4.00% 15-Month Online CDs at iGObanking.com
2/15/08 - More Savings Account and CD Rate Cuts

No Problems

No idea what everyone is complaining about...
Easy to setup...website does what I need it to do.
Rates are worth considering. I have transferred money in and out of my account depending on how competitive the rates move...never had a problem!
Used to be one of the higher rates out there....not so much any more. But that would be the only reason I would move on to another institution.

igobanking - Good Savings Rate

I've been an igobanking customer for over 5 years now and find it a good, but not great online-only bank. They deliver on their promise of a high savings interest rate which has consistently remained in the 1% APR-area since I opened an account. To get that rate, they dial way back on the customer service and mobile interface, in fact, I barely use their mobile app as I find it too frustrating and just use the web interface. That being said, I can do all I need to do in terms of transferring money. It took awhile to learn where everything was on their site, but they haven't redesigned the site in years, which I believe to be a good thing, so I can find everything now with ease.

Wonder What The I Stands For...

Posted by: badbadba | Apr 20, 2018

The i can't stand for internet, when I asked about an electronic funds transfer at maturity, this is the reply I received. That is absurd, will not be using iGObanking in the future.

"Thank you for your recent message and we are sorry that you have decided to close out your account. We can certainly assist with your CD close out but we do not have the ability to transfer CD funds electronically. We do have the ability to mail a cashiers check upon maturity to your address of record. If you would like to proceed with the account closeout upon maturity and wish to have a check mailed for the balance please reply to this message with instructions. Thank you."

Stay Away From This Bank, Almost Impossible To Get Your Money Out

Posted by: web519 | Jul 25, 2018

Use this bank at your own risk! I had a CD mature with IgoBanking for $200G. I also have a IGo Banking Money market account & a Savings Purely (by Bank Purely, same bank with different name) Money Market. When the CD matured, I did an internal transfer to my Bank Purely Money Market to attempt to transfer out the funds for other uses. When trying to transfer the funds out, they have a $15G limit per day, & $25G limit per month to transfer funds to your linked external account. So it would take me 8 months to get my money out for my CD funds while earning the poor rate of 1.3%. Luckily I also had the IGo Banking MMA linked to the same account (only paying 1.1% since I am not a new customer). That account has a $15G limit per day with a $50G monthly transfer limit. So I thought no problem, between the two accounts I will get my money out in about 3 months. I proceeded to do this for several months trying to get my money out.

When doing an ACH transfer, it takes 7-9 days for the ACH transfer to actually go through, pathetic compared to other online banks I use. It is hard to keep track of transfers when it take 9 days to arrive in your external account. Then they send me an email saying I exceeded my 6 transfers per month ,I really did not since the actual transfer dates were much later than initiated. Now they say they will be closing my account and my funds are locked, they said they will send out a check on 8-30-18 (1.5 months from now). Their advertised 2% IGo Banking Money market rate is only for new customers, mine has been at 1.1% since opening it, another poor practice.

Since I still have another CD yet to mature, now I will have no way to transfer funds out when that CD matures, if you do not transfer the funds in 10 days your funds revert to a new CD with the same length terms at .05% This is just one of the pains with this bank. Below is a list of several of the bad consumer practices of this bank compared to other online banks. Unless you are really desperate to receive their rates, I would avoid this bank at all costs. They try their very hardest to screw you at every turn.
1.
I opened an IGO Banking money market when it was at 1.1%. Now the same money market rate is 2%, but it is for new customers only & my rate was still at 1.1%.
2.
Takes 7-9 days for an ACH transfer to show up into your linked account, triple the time of most other popular online MMA accounts.
3.
Bank Purely Money market only allows $15G per transaction, $25G per month out. Rate still at 1.3%
4.
IGO Banking MMA only allows $15G per transfer daily out, $50G per month total
5.
If you accidentally exceed your transfer limits, they close your account & lock up your funds for 2 months (they don't just allow them not to go through or give you a count like Amex MMA does)



Just a few of my problems with the deceptive practices of this bank. I have at least a dozen online MMA accounts & online CD's, no one operates with the restrictive & deceptive practices of IGO Banking/Bank Purely in my experience, except maybe Popular Direct. With so many great rates and consumer friendly online accounts out there, I would stay away from this bank unless you are putting in under $25G. For now I am stuck with them until my last CD matures next year, then I will be saying goodbye to this bank forever and having to quickly do a costly wire transfer to wrestle my remaining funds away from them.

VIEW MORE REVIEWS

Health

Health Grade Components

Overall
FDIC Certificate #58564
Year Established2007
Employees468
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD9.28%
Annual Interest Income$126.6MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$6.47B$6.29B
LoansQ2 2018vs Q2 2017$5.31B$5.05B
DepositsQ2 2018vs Q2 2017$4.61B$4.27B
Equity CapitalQ2 2018vs Q2 2017$646.0MM$631.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$20.2MM$22.2MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$20.3MM$19.0MM
Real Estate OwnedQ2 2018vs Q2 2017$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

iGOmoneymarket Rate Now 2.00% APY

JDubs   |  
iGOmoneymarket 2.00% APY

$25,000+ minimum balance.
New accounts and new money only.

Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not iGObanking; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

iGObanking Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.90%--iGOsavings

iGObanking Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$25k-iGOmoneymarket (New Money Only)

iGObanking Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$1-iGOchecking

iGObanking CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%$1k-24 Month iGOCD
2.65%$1k-12 Month iGOCD
0.35%$1k-36 Month iGOCD
0.35%$1k-48 Month iGOCD
0.35%$1k-60 Month iGOCD
0.35%$1k-29 Month iGOCD
0.35%$1k-7 Year iGOCD
0.35%$1k-10 Year iGOCD
0.15%$1k-3 Month iGOCD
0.15%$1k-6 Month iGOCD
0.15%$1k-8 Month iGOCD
0.15%$1k-9 Month iGOCD
0.15%$1k-13 Month iGOCD
0.15%$1k-15 Month iGOCD
0.15%$1k-18 Month iGOCD

iGObanking IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$1k-36 Month iGOIRA
0.35%$1k-48 Month iGOIRA
0.35%$1k-60 Month iGOIRA
0.35%$1k-29 Month iGOIRA
0.15%$1k-6 Month iGOIRA
0.15%$1k-8 Month iGOIRA
0.15%$1k-9 Month iGOIRA
0.15%$1k-12 Month iGOIRA
0.15%$1k-13 Month iGOIRA
0.15%$1k-15 Month iGOIRA
0.15%$1k-18 Month iGOIRA
0.15%$1k-24 Month iGOIRA
Locations

iGObanking is an Internet only bank and does not have branch locations. Its headquarters is located at 144-51 Northern Boulevard - Flushing, NY 11354

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.