{"id":117463,"date":"2025-08-04T05:57:18","date_gmt":"2025-08-04T05:57:18","guid":{"rendered":"https:\/\/www.europesays.com\/us\/117463\/"},"modified":"2025-08-04T05:57:18","modified_gmt":"2025-08-04T05:57:18","slug":"how-a-1-01-deposit-at-this-new-york-bank-can-earn-your-child-one-of-the-highest-interest-rates-in-america","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/117463\/","title":{"rendered":"How a $1.01 deposit at this New York bank can earn your child one of the highest interest rates in America"},"content":{"rendered":"<p class=\"article__paragraph article__paragraph--left\" id=\"6I6LGQ56LFDUDNFY65WL7WMTVA\">A local New York City bank is offering a high-yield savings account that will give you 6% annual percentage yield on your money \u2014 if you fit into their requirements. <\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"Y4ONQ4JFBNFNFBD53CTMLBMXOE\">Apple Bank has over 75 locations throughout New York City, Long Island, New Jersey, Westchester, and Rockland, with each offering the <a href=\"https:\/\/www.applebank.com\/personal\/banking\/savings-cds\/savings\/smartstart-savings\" target=\"_blank\" rel=\"noopener\">Apple Bank SmartStart Savings account.<\/a> <\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"H67ROUUCOBCA3DMZADRL3CYTDM\">Each account comes with a Visa debit card, allowing account holders to access \u201cunlimited free ATM transactions worldwide,\u201d as well. <\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"DHPYU7OKVVGF3NNDCOWJ37L74U\">Plus, with no monthly maintenance fee, more of your money stays in your account to appreciate. <\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"OVMPNUQDLJEQNK4BI2P2EH3HQA\">This account, however, isn\u2019t meant for an everyday bank account holder. Instead, it\u2019s meant to give children and young adults a leg up on \u201ctheir financial future independence,\u201d <a href=\"https:\/\/www.applebank.com\/personal\/banking\/savings-cds\/savings\/smartstart-savings\" target=\"_blank\" rel=\"noopener\">Apple Bank\u2019s website detailed.<\/a> <\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"6DPQOI2J6ZAVJNX36V5QDQMARQ\">So, if you or someone you know is between the ages of 6-years-old and 25-years-old, they can qualify for the Apple Bank SmartStart Savings account. <\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"GUO2SAFBCRC25F5DSB5MEOWHUU\">Of course, there are \u201ccustodial and UTMA accounts are available to children and teens ages 0 through 21,\u201d <a href=\"https:\/\/www.applebank.com\/personal\/banking\/savings-cds\/savings\/smartstart-savings\" target=\"_blank\" rel=\"noopener\">the website detailed.<\/a> <\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"IL4D4WQECJAQVCR4N5XGT4QNWU\">The 6% appreciation is good for accounts with balances anywhere from $1.01 to $10,000. After $10,000, the APY rate drops. <\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"6DKBK5VNIFHA7DAQCAY6OQ2TVI\">Each count has to have a minimum balance of $1.01 in order to remain open and receive the 6% APY. <\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"ZTWFHLHQS5GMZEKE4X2KG47KKM\">There is one <a href=\"https:\/\/www.applebank.com\/about\/get-in-touch\/atm-branch-locations\/staten-island\/2655-richmond-avenue-%28staten-island%29?utm_source=G&amp;utm_medium=local&amp;utm_campaign=G-local\" target=\"_blank\" rel=\"noopener\">Apple Bank branch<\/a> on Staten Island, located within the Staten Island Mall at 2655 Richmond Ave. <\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"YBW4NGGBS5BLFJZBA4RWN7T6SU\">The Staten Island Mall location is open six days a week. From Monday to Wednesday, it is open from 9 a.m. to 5 p.m.; on Thursday, from 9 a.m. to 6 p.m.; on Friday, from 9 a.m. to 5 p.m.; and on Saturday, from 9 a.m. to 2 p.m. <\/p>\n<p>If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our <a href=\"https:\/\/www.advancelocal.com\/advancelocalUserAgreement\/user-agreement.html\" target=\"_blank\" rel=\"noopener noreferrer\">User Agreement<\/a> and agree that your clicks, interactions, and personal information may be collected, recorded, and\/or stored by us and social media and other third-party partners in accordance with our <a href=\"https:\/\/www.advancelocal.com\/advancelocalUserAgreement\/privacy-policy.html\" target=\"_blank\" rel=\"noopener noreferrer\">Privacy Policy.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"A local New York City bank is offering a high-yield savings account that will give you 6% annual&hellip;\n","protected":false},"author":3,"featured_media":117464,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,4503,4504,524,12847,33623,73476,6459,405,403,5226,5225,5228,5227,73477,33624,67,586,132,5230,68,2969],"class_list":{"0":"post-117463","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-bills","10":"tag-cash","11":"tag-currency","12":"tag-dollar","13":"tag-dollars","14":"tag-fifty-dollar","15":"tag-money","16":"tag-new-york","17":"tag-new-york-city","18":"tag-newyork","19":"tag-newyorkcity","20":"tag-ny","21":"tag-nyc","22":"tag-twenty-dollar","23":"tag-u-s-currency","24":"tag-united-states","25":"tag-united-states-of-america","26":"tag-unitedstates","27":"tag-unitedstatesofamerica","28":"tag-us","29":"tag-usa"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/117463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=117463"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/117463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/117464"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=117463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=117463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=117463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}