Upgrade is a fintech company offering high-yield accounts, loans, and credit cards

From Yahoo Finance: 2025-06-24 14:20:00

Upgrade is a financial technology company offering personal loans, checking and savings accounts, and debit cards. Accounts are FDIC- or NCUA-insured with high yields. Rewards Checking Plus offers cash back and high yields but requires $1,000 in monthly direct deposits. Joint accounts are available. Premier Savings offers competitive interest rates.

Upgrade also offers fixed-rate loans up to $50,000 with fast funding. Credit cards and a credit monitoring dashboard are available. Basic account features are fee-free, but some fees may apply. Pros include high yields, no monthly fees, and cash back. Cons include no branches and no cash deposits.

Upgrade’s online-only model offers 24/7 chat support and email. Phone support is available during the week. The app has high ratings and useful features like managing accounts, setting up autopay, monitoring credit, and making payments. The routing number is easily accessible. Upgrade is a legitimate fintech company partnering with FDIC-insured banks.

Upgrade, founded in 2017, has provided billions in credit to customers. It is not a bank but collaborates with banks for deposit services.

Read more: A leading fintech that offers high yields and few fees