0.50% APY High Yield Federally Insured Account*
Simple, Secure & Under Your Control
The F99 Bank Card bundles your daily banking and investing needs, all while helping local communities build generational wealth.
Debit card is issued by Sutton Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.
Why F99 Bank Card
No Credit Check, No Overdrafts, No Worries. Build generational wealth, manage your daily banking and investments, and work with a financial coach with the F99 Bank Card.
No Account Fees
Mobile App Based Management
Community Reinvestment
Free Financial Coach Sessions
No Account Minimum
Easy Transfer
No Hidden Fees
Easy and Contactless Payment
F99 Bank Accounts and Rates
No Account Minimums. No monthly maintenance fees. Competitive rates.
Federally Insured Account
Earn a higher rate with the ability to access your money at any time
Annual Percentage Yield
0.50%
*Federally insured rate as of 03-03-2022
**Tier 1: 0.05% APY. Tier 2: 0.50% APY. Tier 2 requires 15 transactions
Short Duration Account
————————
30-Day Sec Yield
1.16%
*30-day SEC yield with a rate as of 03-23-2022
All investments have the potential risk for profit or loss. Different types of investments involve higher and lower levels of risk. There is no guarantee that a specific investment or strategy will be suitable or profitable for an investor’s portfolio.
F99 Accounts vs. Other Bank Accounts
Earn a rate that’s 16x the national average with F99 accounts*
We are committed to bringing financial literacy to underserved communities by providing them with the proper education and tools necessary to put themselves and their families in a better place financially.
Bun B
Board Member
How To Open An Account
1
“Click “Open Account”
2
Enter Your Information
3
Start Using Your Account
Frequently Asked Questions
What is the F99 Bank Card Account?
The traditional bank model invests your money and keeps the investment returns. The F99 Bank Card Account is simple but different: you invest your money – and you keep the investment returns. You worked hard for your money, now its time to let your money work for you.
What is a Federally Insured Account?
What is the difference between my accounts?
Your first account is intended for funds that you plan to use for routine expenses, such as groceries, gas, utility bills, and mortgage payments. Your second account is suited for funds you can invest for 6-12 months. Your third account is suited for funds you can invest for 12+ months. You can access or transfer funds whenever you like and in the amount you choose without paying penalties or fees. You determine how much to put into each account depending on your spending and investing needs. You can access all of your available funds in the event of an unexpected expense.
What do Tier 1 and Tier 2 mean?
Insured Account:
Earnings Rate: The Earnings Rate means the non-interest earnings credit paid to an account in one year
and does not reflect compounding.
Daily Rate: The Daily Rate means the Earnings Rate divided by 365.
Federally Insured Account
Tier 1: – 14 = 0.05%
Tier 2: +15 = 0.50%
To receive the Earnings Rate within each Tier, you must meet the following criteria each calendar
month:
1) You must use your debit card to make the number of purchases shown in each Tier (“Debit Card
Purchases”);
2) Your Debit Card Purchases only count toward the calendar month in which they settle; and
3) Your account must be open and in good standing when the earnings credit is posted.
Each Debit Card Purchase will only count toward the month in which it settles as reported to us by the
card networks. ATM, certain cash back, and bank teller cash transactions are not counted as Debit Card
Purchases. Settled dates will be considered as the date reported by the card network regardless of time
zone or whether Daylight Savings Time is in effect. Debit Card Purchases may not settle for several days
following the transaction. The Earnings Rate that you are eligible for will be applied to your Federally
Insured Account for the entire calendar month.
The count of qualifying Debit Card Purchases resets each calendar month and the lowest Tier Earnings
Rate will apply. The number of Tiers, Earnings Rate, and qualifying criteria can change at any time
without notice.
Why
Why use the F99 Bank Card?
How
How is the F99 Bank Card Account able to pay much more than a traditional bank account?
How does the F99 Bank Card Account work?
2.Use your existing bank account or set up direct deposit to fund your F99 Bank Card.
3.If you like, transfer funds from your Federally Insured Account into investment accounts which may provide higher returns over time.
4.Use your F99 Bank Card like you would any other debit card – at stores, online, and at ATMs.
How do I use my F99 Bank Card?
How do I fund my F99 Bank Card Account?
How long does it take to receive my card?
How do I manage my F99 Bank Card?
1.Keep 6 months of cash in the Federally Insured Account for routine expenses such as mortgage, rent, and utilities.
2.Set aside funds in the Short Duration Account for financial goals you want to achieve in the coming year, such as special purchases and holidays.
3.Invest funds in the Long Duration Account for next year or multi-year financial goals, such as education and retirement plans.
How are the earnings credits for the Federally Insured Account calculated and paid?
How do I transfer funds between accounts?
How secure is the F99 Bank Card?
General Questions
Who does F99 work with?
Are my accounts federally insured?
Can the rate on the Federally Insured Account change?
Are all of my funds invested?
Is there a cost to put my money into investment accounts?
Can I lose money in invested funds?
When will my transferred funds be available?
Can I use my card to pay at a gas station?
All investments have the potential risk for profit or loss. Different types of investments involve higher and lower levels of risk. There is no guarantee that a specific investment or strategy will be suitable or profitable for an investor’s portfolio.