Available nationwide, Comenity Direct High Yield Online Savings is offering a 0.75% APY Rate. Definitely continue reading below for everything you would need to know about the attractive account and rate!
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Comenity Direct High Yield Online Savings Review
Comenity has been helping people get more for their money since we introduced our first credit card in 1986. Today, Comenity Bank and Comenity Capital Bank partner with many of the most recognized and respected retailers in the world, and more than 50 million people carry our private label, co-brand, and business credit cards in their wallets.
In addition to the rate from Comenity Direct, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.
I’ll review Comenity Direct High Yield Online Savings below.
Comenity Direct High Yield Online Savings Rate
To earn Comenity Direct’s competitive rate, simply have an opening deposit of $100. That’s all it takes and you’ll get to enjoy earning the 0.60% rate on all balances.
- What you’ll get: 0.75% APY
- Eligible account: High Yield Online Savings
- Credit inquiry: Soft Pull
- Where it’s available: Nationwide
- Opening Deposit: $100 minimum
- Monthly fee: None
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
How to Earn 0.75% APY Rate
- Open a High Yield Savings Account from Comenity Direct with a minimum deposit of $100.
- Earn your rate of 0.75% APY
| Balance Requirement | APY Rate |
| $0.01+ | 0.75% APY |
Comenity Direct Account Features
- Flexibility to grow your money and access it when needed
- No hidden fees
- No Branches, only located online
- Your money is FDIC insured up to $250,000, the maximum allowed by law
- Only $100 minimum to open
- No monthly fee
Conclusion
Comenity Direct is offering a great APY Rate for their High Yield Savings Account. There is no minimum opening balance or deposit required to open an account and it’s easy to sign up online! Definitely open an account so you can start saving with a fantastic account while offering a competitive APY Rate.
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Check back often to see the latest info on Comenity Direct Online Savings Account.
STAY AWAY.
My husband and I have had the worst banking experience of our lives with Comenity Direct. Still ongoing. A month ago, we opened an account via their website but were given no account number with which to set up “online banking,” so the next day, I called to get it, already feeling suspicious that it had not been provided to me upon sign up. Two different customer service reps told me that Comenity had no high yield savings account and that whatever I had signed up for was fraudulent. They transferred me to their fraud department where I was told the same thing. Meanwhile, my husband was also calling and getting the same message – the fraud rep from Comenity told him that they were planning to roll out a savings account “at some point in the future” but had not yet done so. We were baffled that the site and customer service phone tree would both mention savings accounts but their OWN EMPLOYEES had no idea about this option or how to help us. We decided that even if it wasn’t fraudulent, we were done.
We called back the next day and spoke with Daniel who surprisingly knew all about the savings account option and was able to give us our account number. We asked that our account be terminated. He said it would be and our money returned immediately. Fast forward two weeks and our money was not returned. I called and was told that due to a standard 10 day hold on my money, it would definitely be returned no later than the following week. That week came and went and you guessed it – no money. I called and spoke to Dee who said she could see notes on my account with the directive to close the account but had “no idea why” the account wasn’t closed yet. She said she would track down some supervisors and call me back. She did call me back later that day to promise me that my money would definitely be returned the following week. That deadline came and went and the money has still not been returned.
At this point, we have no confidence in Comenity and believe they are holding our money for as long as possible to make money off of it. We’ve filed a complaint with the Consumer Protection Agency and will pursue legal action if they don’t act quickly. We will be calling every day at this point just to get our initial deposit back.
Whatever you do, STAY AWAY from this bank and warn all your friends and relatives to never do business with them. This kind of ignorance in the customer service ranks feels too intense to be accidental, and if it is, that’s even scarier when you imagine the other kinds of neglect that could exist in this company.