CFG Bank Reviews

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When you work with CFG Bank, you will find plenty of ways to manage your funds without having to enter a physical branch.

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Are there any charges?

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Like most banks, CFG Bank involves certain fees.

If you open a CD but decide to withdraw the money before the end of the term, there is an early withdrawal penalty. For a money market account, you will need to maintain a $1,000 balance to avoid the $10 fee. The debit card that comes with CFG checking accounts will give you free access to over 2,000 ATMs. How do I contact CFG Bank?

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If you need to contact CFG Bank, you can call 410-823-0500. The team is available Monday through Friday from 8:30 a.m. to 5 p.m. EST. Additionally, you can email [email protected] for assistance.

If having a mobile app is an important part of your banking experience, CFG has scored high marks. In the Apple App Store, it received 4.3 out of 5 stars. And it earned 4.1 out of 5 stars on the Google Play Store.

How does CFG Bank compare?

When looking for a bank to store your savings, the right APY can make all the difference. CFG Bank offers some of the top APY in the market.

For 12-month CDs, Marcus by Goldman Sachs is one of the closest competitors to CFG Bank with 3.00% APY. Ponce Bank’s 2.50% APY is also shy of CFG Bank’s money market APY of 2.55%.

Ultimately, CFG Bank is a top choice for savers looking to maximize their savings. But before you open an account, double check with other banks to make sure you’re getting the best possible deal.

How do I open an account?

If you want to get started with CFG Bank, select the apply for account button.

During the application, be prepared to provide the following information:

Your social security number United States driving license or other government-issued IDA A physical address within the birthday to prove that you are at least 18 years old Current bank statement to fund your account

The application should not take more than a few minutes to complete. But getting approval may take some time. According to the bank’s site, “we will work to process your application as quickly as possible.”

Is it safe and secure?

Deposit accounts offered through CFG Bank come with FDIC insurance, which means money you hold through this bank is insured for up to $250,000.

Additionally, the bank has implemented top-notch security features to protect your banking information. These include encryption and multi-factor authentication requirements.

is it worth it?

If you are looking for a bank with top APY to stash your savings, CFG Bank is a worthwhile choice. You’ll be hard-pressed to find better rates for money market accounts or certificates of deposit.

However, CFG Bank is not suitable if you want to host all your bank accounts in one place. Although CFG Bank offers a checking account, you may prefer an interest-bearing checking account. Additionally, limited branch space may not be great if you need in-person banking experience in different parts of the US

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