TAB Save High Yield Savings

TAB Bank (Transportation Alliance Bank) is an FDIC-insured online bank based in Ogden, Utah that began in 1998 as a banking service for truckers and now offers nationwide consumer deposit accounts. Its TAB Save high-yield savings account pays 3.61% APY, with rates effective August 11, 2026 posted directly on the bank's site. Entry costs nothing: there is no minimum deposit to open, a penny is enough to earn the advertised rate, and there is no monthly maintenance fee or balance cap, so large balances earn the full rate. TAB also suspended its old six-withdrawal monthly limit after Regulation D changed during the pandemic, so there is currently no excess-withdrawal fee, which is not true of every online bank. The fee schedule bites only when you need paper or wires: outgoing wire transfers cost $30, official checks $15, and a returned deposit item $30. There is no ATM card attached to the savings account, so cash access requires pairing it with TAB's checking products. TAB Spend, the rewards checking account, pays 1.00% cash back on purchases plus 2.75% APY as of August 2026, and transfers between TAB Save and TAB Spend are instant. Note that TAB has no ATM network of its own, so third-party ATM fees can apply on the checking side. At 3.61%, TAB Save sits in the middle of the high-yield pack: clearly above the FDIC national average of about 0.4%, but 40 to 55 basis points behind the August 2026 leaders paying 4.00% to 4.15%. TAB markets the rate as more than nine times the national average, which is accurate and also true of most online savings accounts. The rate is variable and can change at TAB's discretion without notice. TAB Save suits savers who want zero minimums, zero monthly fees, and unlimited withdrawals from a bank that also offers checking, money market, and CD options under one login. Skip it if you are chasing the absolute top rate, want an ATM card tied directly to savings, or prefer a bank with branches: TAB is online-only, and its rate has consistently tracked the middle of the market rather than leading it.