Fairvantage Bank currently offers personal loans and savings accounts, with great rates and no fees! While we’re actively servicing customers today, the team is working to build additional financial products and tools.

Actually, we’re both. Digital banking refers to using technology to conduct all forms of banking services – that means no branches. Online banking is specific access to personal accounts, services, apps, etc., through a bank’s website. So technically speaking, we’re both because you can’t have digital banking without online banking.

No, we do not have traditional bank branches. Customers can easily access accounts through our website, and ask questions via online chat or by contacting 24/7 human support at

Fairvantage Bank has been open to customers since July of 2020. While we’re relatively new to the banking industry, we have a startup mindset paired with SMBC Group’s 400 years of history, so we’ll be here to grow with you for the long term.

A high-yield savings account is an account where you typically earn an interest rate that’s higher than the average rate found on a traditional savings account.

When comparing high-yield savings accounts, you’ll find the account’s rate of return listed as an annual percentage yield (APY). This is the rate of return you receive over a year, including compound interest, assuming the interest remains on deposit in the account.

Deposits begin earning interest from the moment they are received, but they will not be immediately available for withdrawal.

New account deposits must be through automated BitPay payments and received before 5 p.m. CT, on a business day (Monday through Friday, excluding federal holidays). Deposits received after 5 p.m. CT, or on a non-business day are processed on the next business day.

A FV Bank Savings High-Yield Savings Account requires a $100 minimum opening balance. 

Fairvantage Bank offers market leading rates on its savings accounts. Our focus on using advanced technology instead of physical bank branches lowers overhead expenses, enabling us to offer better rates and no fees, unlike traditional brick-and-mortar institutions.

To maximize your savings, we encourage you to maintain the $100 minimum balance in your savings account that was required at account opening. However, you won’t be charged a fee if you fall below the account opening minimum.

We assess an early withdrawal penalty if you withdraw funds from the principal balance prior to the maturity date. Certain exceptions may apply.

If you are interested in having more flexible access to your funds, you can consider a CD Ladder strategy or the No-Penalty CD.

You can withdraw interest paid during your CD’s current term anytime without penalty. You can transfer the interest to a Fairvantage Bank High Yield Savings or Money Market Account or a non-FV Bank account.

While you are not able to add additional funds during the term of the CD, you can add additional funds during the 10-day grace period after the CD maturity date.

FV Bank is a member of the FDIC. Your deposit accounts are insured up to $250,000.00 per ownership category. 

All are eligible to apply for a Fairvantage personal loan. Loan eligibility also depends on your credit history and financial profile. If eligible, Fairvantage  Bank will perform a soft credit pull to provide you with conditional rates, so you can check your eligibility with no impact to your credit score.

Fairvantage  Bank recognizes that the best borrowers are those that carry lower risk. We have a team of financial experts that work to assess the rates we can offer based on risk criteria and since we work with credit worthy borrowers, we are able to offer favorable rates.

Our personal loans are unsecured

You can contact our 24/7, U.S.-based, first-class, customer support by calling 844-453-6487.

We are excited to hear from you! Visit the Contact Us page and click on Share Your Ideas.

We’re always happy to share our story. Please email us at press@fairvantagebank.com for all press inquiries.