Zynlo Bank review (2025): Highly competitive rates with absolutely no fees
Summary: Zynlo Bank is the online division of Massachusetts-based PeoplesBank. Founded in 1885, PeoplesBank has a handful of branches in the Northeast. However, Zynlo Bank is entirely online and takes the approach of offering high rates and no fees in a modern banking experience.
Zynlo Bank product overview
Zynlo doesn’t offer the variety of products you typically get with a full-service bank, but it covers the basics. Additionally, it provides high rates on deposits and minimal fees, which could make it an attractive place to park your cash.
More Spending
More Spending, Zynlo’s checking account, offers 2% APY with no monthly fees or minimum balance requirements. Additionally, whenever you make a debit card purchase, the amount is automatically rounded up to the nearest dollar and deposited to your savings account. Zynlo even matches your round-ups at an additional 2.11% APY, for a total of 4.11% APY on your balance.
Tomorrow Savings
Tomorrow Savings is a savings account that works best in conjunction with the checking account due to round-ups and matching, but this account is also good in its own right. It earns 4.35% APY with no minimum deposit or balance requirements. You can also personalize your savings goals to save for specific purposes.
Money market account
Zynlo’s money market account earns a highly competitive 4.4% APY. There are no fees or minimum balance requirements, and you can make unlimited transactions. This means you can use the account as much as you want with no penalties or fees.
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Zynlo Bank fees
Often, banks that say they have “no fees” do charge some fees when you dig into their account disclosures. However, Zynlo doesn’t mince words when it says it charges zero fees. Customers do not pay monthly maintenance fees, overdraft fees, or stop payment fees.
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Zynlo Bank pros and cons
Consider the pros and cons of Zynlo Bank before opening an account.
Pros
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Competitive interest rates on deposits: All of Zynlo’s deposit accounts offer competitive APYs far higher than the national average.
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No monthly fees or minimum deposit requirements: The bank charges no monthly fees. In fact, it charges no fees, period. Plus, none of Zynlo’s deposit accounts have minimum deposit requirements.
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Purchases come with round-ups and matching: Purchases with a debit card are rounded up to the nearest dollar, and Zynlo matches your round-ups.
Cons
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No CDs: Zynlo doesn’t offer certificates of deposit (CDs).
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No branch access: As an online-only bank, you can’t visit a branch for help with your Zynlo account.
Customer service and mobile banking experience
Zynlo Bank offers phone and email support, with phone support available Monday through Friday, 8:00 a.m. to 10:00 p.m. ET. On the weekends, it’s available from 10:00 a.m. to 2:00 p.m. ET.
The bank’s app earns mediocre ratings, with a 3.9 rating on iOS and a 3.3 rating on Android. Several customers mention technical issues or that the app is difficult to use. Others say that it doesn’t have support for Plaid or Zelle.
Read more: 10 best mobile banking apps of 2025
Zynlo Bank address and phone number
You can contact customer support by calling 844-996-5622 (844-ZYNLOBANK). Another option is to send an email to
Zynlo’s mailing address is: 330 Whitney Avenue, Holyoke, MA 01040
Frequently asked questions
Is Zynlo Bank FDIC-insured?
Zynlo Bank is FDIC-insured with coverage of up to $250,000 per depositor, per ownership category.
What is Zynlo Bank’s routing number?
Zynlo Bank’s routing number is 011875428.
Is Zynlo Bank trustworthy?
Zynlo Bank is an FDIC-insured online bank. It is the online division of PeoplesBank, a Massachusetts-based bank founded in 1885.
Is Zynlo Bank a local bank?
Zynlo is an online-only bank, though it is a division of PeoplesBank, which has a handful of branches in two states.
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