At a glance

3.6

Bankrate Score

CDs

Savings

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Overview

Credit One Bank is best for people who want a competitive yield on a CD and have at least $100,000 to open one.

Highlights

High APY

Overall

Credit One Bank offers jumbo CDs, a bump-up CD, a savings account and credit cards. Those looking for checking accounts will need to bank somewhere else.

Pros

Credit One Bank offers a competitive yield on its CDs.
Credit One Bank offers all of the standard CD terms.
It has a 10-day rate guarantee on its CDs.

Cons

Credit One Bank requires $100,000 to open its accounts. Most other banks have lower minimum opening deposit requirements.

We want to know what you think about Credit One Bank

Do you have experience with Credit One Bank? Let us know your thoughts.

Credit One Bank banking products

4.3

/5

See methodology Compare savings rates

SCORE BREAKDOWN

APY offering:

5.05%

5/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.

Minimum balance to earn interest:

$100,000.00

1/5

The lowest deposit amount an account must have before it can earn interest.

Monthly service fee:

$0.00

5/5

A monthly charge a financial institution deducts from an account if certain requirements are not met.

Minimum balance to avoid fee:

$0.00

5/5

The lowest balance an account must maintain in order to avoid a fee.

Access to funds:

Subpar

2/5

A procedure that allows an individual or organization to access and manage the funds of another account holder.

Credit One Bank savings overview

Credit One Bank offers a jumbo high yield savings account. The account requires an opening deposit of at least $100,000.

The bank will let you go below $100,000 in the account, but it will remind you that you need to maintain at least $100,000 in the account. The account doesn’t have a monthly service fee.

You’ll get an extra 0.05 percent increase in your savings rate when you also have a CD with Credit One Bank.

Credit One Bank started offering its jumbo high-yield savings account to consumers in July 2023.

Pros

The Credit One Bank jumbo high yield savings account has a competitive APY.
You get a bonus of five basis points on your CD APY at the bank by having a savings account at Credit One Bank.
The bank’s jumbo high yield savings account doesn’t have any fees.
The bank doesn’t limit the number of withdrawals you make. (It does limit aggregate transaction amounts – which includes both withdrawals and deposits – to $1,100,000 in a day.

Cons

You need at least $100,000 to open the bank’s savings account. Other online banks have a higher yield with a much lower minimum opening deposit requirement.
You need to keep $100,000 in the account after opening it. You can go below $100,000 but the bank will notify you to bring your balance back to at least $100,000.
The Credit One Bank jumbo high yield savings account doesn’t have ATM access.

Rate history for Credit One Bank's Savings account

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Credit One Bank

APY

APY last updated between 7/3 and 7/9.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Credit One Bank

APY

APY last updated between 7/3 and 7/9.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

Compare Offer

Credit One Bank CD overview

The CD terms range from six months to five years. But you’ll need $100,000 to open a CD at this bank. The bank gives you a higher APY if its yield increases within 10 calendar days of opening your CD.

Credit One Bank gives you a 0.05 percent rate increase when you renew your Credit One Bank CD.

Credit One Bank CDs have the following early withdrawal penalties:

Its six month and one year CD have a 90 days of simple interest penalty for early withdrawals.
All CDs with terms 13 months through five years have an early withdrawal penalty of 180 days of simple interest.
The bank currently isn’t offering CDs longer than five years. But if it was, the penalty for early withdrawals would be 365 days of simple interest.

Credit One Bank also has a bump-up CD that, like its other products, requires an opening deposit of $100,000. Credit One Bank started offering this account to consumers in June 2022.

Credit One Bank has been offering CDs to consumers since April 2021.

Pros

Credit One Bank gives you 0.05 percent above the current APY upon your CD renewal.
Credit One Bank gives you the higher APY if its yield increases within 10 days of opening your new CD.

Cons

You’ll need at least $100,000 to open a CD at Credit One Bank.

Rate history for Credit One Bank's CD accounts

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Credit One Bank

APY

APY last updated between 7/3 and 7/9.

National average APY

Term length

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Credit One Bank

APY

APY last updated between 7/3 and 7/9.

National average APY

Term length

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

Bank experience

You can see your accounts on Credit One Bank’s mobile app. Customer service representatives are available during the week from 7 a.m. until 5 p.m. Pacific time.

The bank has a separate app for deposit customers. It receives modest review scores on iOS and Google Play.

About Credit One Bank

Credit One Bank is a bank based in Las Vegas that offers CDs and a savings account. The bank’s history goes back to 1984 when it was established as the First National Bank of Marin. It changed its name to Credit One Bank in 2006.

In addition to offering jumbo CDs, which require at least $100,000, the bank also is known for its credit cards. Credit One Bank offers a NASCAR American Express card and it offers a WWE Visa credit card.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Credit One Bank APY APY last updated between 7/3 and 7/9. APY last updated between 7/3 and 7/9	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
05/13/2024	5.05%	0.59%
11/02/2023	5.05%	0.60%
10/06/2023	5.05%	0.58%
09/28/2023	4.90%	0.57%
08/10/2023	4.80%	0.54%
07/19/2023	4.70%	0.53%
07/10/2023	4.55%	0.53%

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Credit One Bank APY APY last updated between 7/3 and 7/9. APY last updated between 7/3 and 7/9	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
07/02/2024	4.00%	1.41%
06/04/2024	4.00%	1.43%
04/02/2024	4.00%	1.42%
03/01/2024	4.00%	1.43%
02/06/2024	4.05%	1.42%
01/25/2024	4.05%	1.43%
12/12/2023	4.10%	1.43%
12/05/2023	4.05%	1.43%
12/01/2023	4.10%	1.43%
11/14/2023	4.05%	1.45%
11/07/2023	4.15%	1.45%
11/02/2023	4.05%	1.45%
10/03/2023	4.15%	1.46%
09/05/2023	4.15%	1.43%
08/01/2023	4.15%	1.38%
07/10/2023	4.15%	1.35%

Credit One Bank Review 2024

The Bankrate promise

At a glance

Overview

Highlights

Overall

Pros

Cons

We want to know what you think about Credit One Bank

Credit One Bank banking products

Credit One Bank savings overview

Pros

Cons

Rate history for Credit One Bank's Savings account

Credit One Bank CD overview

Pros

Cons

Rate history for Credit One Bank's CD accounts

Bank experience

About Credit One Bank

Review methodology

Up next