TAB Bank High-Yield Savings Review (September 2026): 3.95% APY, No Minimum
Written & reviewed by Hans Goldstein, EA, independent licensed insurance producer · CA license 4273294 · NPN 20602398Admitted to practice before the IRS
Rates checked against tabbank.com on September 24, 2026 · Updated
TAB Bank's TAB Save high-yield savings pays 3.95% APY, with $0 to open and no monthly maintenance fee (rates effective as of September 25, 2026, per TAB). TAB's CDs pay 4.05% (12 months) to 4.20% (36 to 60 months) with a $1,000 minimum. TAB Bank is the trade name of Transportation Alliance Bank, Inc., FDIC cert 34781.
Savings account vs MYGA, after tax
What $100,000 earns in 5 years: savings account vs MYGA, after tax
Rates used: Savings account 4.00%, the top online savings rate we tracked (bank sites, September 24, 2026); savings rates can change any day; change it to the rate you are offered. MYGA 5.95%, the best A-rated rate we track as of October 13, 2026: Delaware Life Pinnacle Plus 5-year (AM Best A-, negative outlook, 7/31/2026), $100,000 and up, effective October 6, 2026 (Delaware Life rate sheet).
| Savings account, interest taxed every year | $116,604 |
|---|---|
| MYGA, tax-deferred, before tax | $133,507 |
| MYGA after paying tax on all the interest at withdrawal | $126,136 |
| Tax deferral alone adds about | $674 |
| MYGA ahead of the savings account, after tax | $9,531 |
Assumes 22% federal and 0% state income tax, no withdrawals, rates held for the whole term. MYGA interest is taxed as ordinary income when you withdraw it, not as capital gains. Gains taken before age 59 1/2 can owe a 10% IRS penalty, and cashing out early can cost a surrender charge. In an IRA both grow tax-deferred, so the edge there is the rate alone. Bank and credit union deposits are FDIC or NCUA insured up to the limits; a MYGA is backed by the issuing insurer's claims-paying ability and your state's guaranty association up to its limits, not the FDIC. General education, not tax, legal or financial advice.
TAB Save at a glance
| Feature | TAB Save |
|---|---|
| APY | 3.95% (variable) |
| Minimum to open | $0.00; $0.01 balance to earn the APY |
| Monthly maintenance fee | None |
| Balance cap | None stated |
| Linked checking | TAB Spend: 2.75% APY plus 1.00% cash back on purchases (as of Sept 25, 2026) |
| FDIC | Transportation Alliance Bank, Inc. d/b/a TAB Bank, Ogden, Utah, cert 34781 |
TAB Bank CD rates
| Term | APY |
|---|---|
| 12 months | 4.05% |
| 18 months | 4.10% |
| 24 months | 4.15% |
| 36 months | 4.20% |
| 48 months | 4.20% |
| 60 months | 4.20% |
How 3.95% compares
| Option | Rate | Source / as of |
|---|---|---|
| TAB Save | 3.95% APY, variable | tabbank.com, effective Sept 25, 2026 |
| TAB Bank 36- to 60-month CD | 4.20% APY, fixed | tabbank.com, Sept 25, 2026 |
| Marcus by Goldman Sachs Online Savings | 3.50% APY, variable | marcus.com, as of Sept 24, 2026 |
| Synchrony High Yield Savings | 3.30% APY, variable | synchrony.com, as of 9/24/2026 |
| American Express High Yield Savings | 3.10% APY, variable | americanexpress.com, as of 9/24/2026 |
| Capital One 360 Performance Savings | 3.10% APY, variable | capitalone.com, effective 9/24/2026 |
| Ally Bank Savings | 3.00% APY, variable | ally.com, as of 09/24/2026 |
| A-rated-or-better 5-year MYGAs | ~5.50%-6.05%, fixed for the term | public carrier rate sheets, October 14, 2026 |
Rates expire like milk.
The best MYGA, CD and savings rates change every few weeks. Get a short email when a rate on this page changes.
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What we like
- 3.95% is well above the big online banks checked the same day (Marcus 3.50%, Capital One and Amex 3.10%, Ally 3.00%).
- No opening minimum and no monthly fee.
- CDs up to 4.20% at the same bank if you want to lock a rate.
What to watch
- The rate is variable. TAB can change it at any time without notice.
- Smaller, lesser-known bank. FDIC coverage is identical, but keep each ownership category under $250,000.
- Online-only. No branches for personal banking.
- Interest is taxed every year as ordinary income.
TAB Save vs. a 5-year MYGA
A savings account is the right home for emergency money. For money you will not need for three to five years, a multi-year guaranteed annuity fixes the rate for the term and defers the tax.
| $250,000 for 5 years | TAB Save | 5-yr MYGA at 5.50% |
|---|---|---|
| Rate | 3.95% APY, variable (assumed to hold all 5 years) | 5.50% fixed for the term |
| Tax on interest | Every year (1099-INT) | Deferred until withdrawn |
| Value after 5 years, after 24% federal tax | ~$289,800 | ~$308,300 (tax paid at the end) |
| Protection | FDIC, $250K per ownership category | Insurer claims-paying ability + state guaranty association (limits vary by state) |
| Getting money out | No penalty; the rate can change any day | Surrender charge above the free-withdrawal amount; IRS 10% penalty before 59½ |
About $22,000 more after tax on the MYGA if the savings rate never moved (24% federal bracket, state tax ignored). Savings rates are variable, so the real gap depends on where the rate goes. Emergency money belongs in savings; a MYGA is for money you will not need for the full term. Fixed annuity benchmark: carriers rated A or better topped out around 5.50% to 6.05% on 5-year compound-interest MYGAs, per public carrier rate sheets, October 14, 2026. Rates vary by state, premium and carrier.
Annuity vs CD · Current MYGA rates · HYSA or MYGA for 3-year money
Related: Best HYSA rates · HYSA or MYGA for 3-year money
TAB Save: FAQ
What is TAB Bank's savings rate?
TAB Save pays 3.95% APY, per TAB Bank's rate page ("Rates effective as of September 25, 2026"). The rate is variable.
Is TAB Bank FDIC insured?
Yes. Transportation Alliance Bank, Inc. d/b/a TAB Bank (Ogden, Utah) is FDIC cert 34781, FDIC-insured up to $250,000 per depositor, per insured bank, per ownership category.
Does TAB Save have a minimum or monthly fee?
No. TAB lists $0.00 to open, a $0.01 balance to earn the APY and no monthly maintenance fee.
What are TAB Bank CD rates?
4.05% APY for 12 months, 4.10% for 18, 4.15% for 24 and 4.20% for 36, 48 and 60 months, current as of September 25, 2026, with a $1,000 minimum.
Is 3.95% a teaser rate?
TAB does not label it a promotional rate, but it is variable and can change at any time. Treat it as today's rate, not a promise.
TAB savings or a MYGA for money I won't touch for years?
For 3-to-5-year money a MYGA fixes a higher rate and defers tax: A-rated-or-better insurers paid about 5.50%-6.05% on 5-year MYGAs on October 14, 2026. Keep emergency cash in savings.
My take
TAB Save is a fee-free savings account paying 3.95% APY, above most big online banks. Use it for cash you may need. For money you can lock up, TAB's own CDs pay up to 4.20%, and for three-to-five-year money a MYGA quote is worth getting.
Hans Goldstein is an independent licensed insurance producer (CA license 4273294, NPN 20602398) and is not affiliated with TAB Bank. He does not sell or earn anything on bank accounts. Rates are copied from the sources named, with the as-of date each source prints; savings rates are variable, so confirm the current rate before opening. MYGA figures are illustrations, not quotes.
Run the MYGA vs savings math for your situation
Talk to Hans Goldstein, a licensed independent insurance producer.
TAB Save pays 3.95% APY, variable (rates effective September 25, 2026). A-rated 5-year MYGAs were paying about 5.50%-6.05% on October 14, 2026, fixed for the term and tax-deferred.
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Hans Goldstein · 213-414-2808 · NPN 20602398, independent licensed insurance producer appointed with multiple A-rated carriers
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Related reading
- HYSA hub: top 12 banks ranked
- Marcus by Goldman Sachs review
- Ally Bank review
- SoFi review
- Synchrony Bank review
- Discover Bank review
- MYGA vs. HYSA full comparison
- Current best MYGA rates
This page is general information for educational purposes; it is not a personalized recommendation, solicitation, or offer of any specific bank product. APYs change frequently (typically monthly), and the rates shown here are approximations as of the date above. Always confirm current rates and fees directly on the bank's website before opening an account. Hans Goldstein is an independent licensed insurance producer (NPN 20602398); he does not receive compensation from any bank discussed on this page. FDIC insurance limits apply ($250,000 per depositor, per ownership category, per insured bank). Annuity products mentioned on this page are insurance contracts with surrender charges and are regulated by state insurance commissioners; they are not FDIC-insured. Always read the actual contract and consult a licensed advisor before purchasing any annuity product.