PurePoint Financial has created a very competitive rate. We don’t see this bank’s name nearly as often as some of he other ones on our ranked list of high interest savings accounts. They’re a subsidiary of Mitsubishi Financial group which is the 5th largest financial group in the world (according to their website).
The Important Stuff for the High Yield Savings Account:
- Interest Rate: 2.35%
- Minimum deposit: $10,000
- Monthly fees: None
What are our thoughts?
They’re a large bank but lesser known than other banks on the list. Mitsubishi Financial Group owns them who have strength (see below). they are FDIC insured and offer multifactor authentication (we really like this). One of the higher rates available today. Link to the high interest savings offer
Purepoint Financial is the savings only division of MUFG Union Bank which offers high interest rates on CDs and savings. MUFG is owned by Mitsubishi Financial Group who has worldwide holdings of over $2 Trillion. In the United States, Union Bank has branches on the west coast in California, Oregon, and Washington.