iGObanking.com®, 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 iGObanking® account is opened, you can automatically make deposits and withdrawals to and from your regular banking account.
Related Posts
2/6 - Igobanking Money Market Up To 2.40% From 2.25%
7/14 - iGOmoneymarket Rate Now 2.00% APY
6/6 - iGObanking CD Specials: 2.35% APY 12-Month / 2.75% 24-Month
3/23 - iGObanking Hikes 12-month iGOCD Rate
3/2 - iGObanking Adds 210 Basis Points To 18-Month iGOCD
2/6 - iGObanking Ups 24-Month CD Rate
5/13 - iGObanking Hikes 18-Month CD Rate
4/13 - iGObanking Boosts 24- And 36-Month iGOCD Rates
12/24/16 - 6-Month CD--1.10% APY
3/29/16 - iGObanking Hikes Rate On 24-Month iGOCD
3/28/16 - Igobanking 2 Year CD Rate Hike
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
Interest Rates
A higher percentage is what we need . Why is because of inflation . More bills is just cause for more advanced technology .Advanced technology as well as higher interest rates is reason for alarm .
With Drawn A Full Grand
I checked my account and saw that a grand was withdrawn from my account so I placed a call to see why. They came up with a bogus excuse to why my account was deducted from. I was able to resolve the issue but it was a bit disturbing to deal with.
Wonder What The I Stands For...
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
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.
Data as of Q3 2019
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58564 |
| Year Established | 2007 |
| Employees | 460 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.66% |
| Return on Equity - YTD | 6.88% |
| Annual Interest Income | $212.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $7.11B$6.54B |
| Loans | Q3 2019vs Q3 2018 | $5.74B$5.36B |
| Deposits | Q3 2019vs Q3 2018 | $4.99B$4.72B |
| Equity Capital | Q3 2019vs Q3 2018 | $673.9MM$655.5MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $22.0MM$20.3MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $16.7MM$16.6MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $239.00K$0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.80% | - | - | iGOsavings |
iGObanking Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.90% | $25k | $500k | iGOmoneymarket - New Money Only |
iGObanking Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | $1 | - | iGOchecking |
iGObanking CD Rates
iGObanking IRA Rates
iGObanking is an Internet only bank and does not have branch locations. Its headquarters is located at 144-51 Northern Boulevard - Flushing, NY 11354