Back to today’s briefing

Story perspectives

Platinum Savings Raises APY 0.35% Through October 2026

8/26/2026

47 10 Full Breakdown

Summary

Story summary

Platinum Savings offers a 0.35% APY boost for eligible accounts.
The promotion runs from February 13, 2026, through October 31, 2026.
Enrolled accounts receive the boost for six months after opening or enrollment.
The boost applies to balances up to $9,999,999; higher balances earn the standard APY.
Standard APYs are 0.25% for balances under $5,000 and 3.75% for $5,000 or more.

History

Historical Context

Following the March 2008 cut that lowered the primary credit rate to 3.25% and the December 2008 move that set the federal funds rate at 0%, the Fed’s near-zero stance prompted Bank of America and JPMorgan Chase to roll out limited-time high-yield savings offers in 2008, capping deposits at $10 million and paying up to 0.30% APY. Platinum Savings’ 0.35% APY echoes those crisis-era incentives.

1 of 2

Story summary

Platinum Savings offers a 0.35% APY boost for eligible accounts.
The promotion runs from February 13, 2026, through October 31, 2026.
Enrolled accounts receive the boost for six months after opening or enrollment.
The boost applies to balances up to $9,999,999; higher balances earn the standard APY.
Standard APYs are 0.25% for balances under $5,000 and 3.75% for $5,000 or more.

1 / 2