B1BANK Review: Low Minimum Deposits and Flexible Savings Options
Written by
Cynthia Measom
Edited by
Elizabeth Constantineau, CFHCâ„¢
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B1BANK is a strong option for customers in Louisiana and Texas, especially those who maintain higher daily balances and want accounts that reward them.
B1BANK, based in Baton Rouge, operates over 50 branches across Louisiana and parts of Texas. It offers a broad range of financial services, including checking and savings accounts, certificates of deposit (CDs) and lending solutions for individuals and businesses.
B1BANK is a full-service financial institution focused on helping individuals and businesses reach their financial goals. With an extensive branch network and personalized customer service, the bank provides checking and savings options, loans, treasury services and wealth management solutions tailored to its customers’ needs.
B1BANK Checking Accounts
B1BANK’s checking accounts offer flexibility, low fees, online access and perks like interest or ATM fee rebates, designed to simplify your banking. Here are some key points to know:
- You can open a new account with a low $25 deposit.
- The MAX Checking account offers tiered interest rates.
- You’ll have easy access to manage accounts, pay bills and transfer funds through online banking.
- You’ll have free AllPoint ATM access with a FLEX Checking account and waived foreign ATM fees with a MAX Checking account.
Best For
Credit Cards
Mobile App
Low Monthly Fees
Low Minimum Deposit
Loan Options
Options for Each Type of Banker
B1BANK offers checking accounts designed for convenience and versatility. MAX Checking provides tiered interest for higher balances, while FLEX Checking caters to everyday banking needs with low fees and nationwide ATM access.
Fees
$7 to $15 waivable monthly fee
APY
Contact branch
Min Opening
$25
Pros
- Interest-bearing option
- MAX Checking comes with multiple perks
- Monthly fees can be waivedÂ
Cons
- Steep minimum daily balance requirements for MAX Checking
- $3 paper statement fee for FLEX Checking
- Other banks may provide more competitive rates
Quick Take
B1BANK offers checking accounts that provide for basic and more sophisticated financial needs, but no in-between options.
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B1BANK Savings Accounts
B1BANK savings accounts offer low minimum balance requirements and convenient online access, making it easy to grow and manage your savings. With features like automatic transfers and FDIC insurance, they provide a secure and flexible way to achieve your financial goals.
- You can easily manage your savings, track progress and transfer funds online.
- There are options to waive fees with qualifying balances or activities.
- Some account types come with access to credit reports.
Best For
Credit Cards
Mobile App
Low Monthly Fees
Low Minimum Deposit
Loan Options
Open a New Account With Just $25
B1BANK offers two different, yet uncomplicated, savings accounts with low opening deposits.
Fees
$0 to $3 monthly
APY
Contact branch
Min Opening
$25
Pros
- Low minimum deposit requirements
- Easy-to-waive monthly service fees or no fees
Cons
- Early closing fee of $20 for FLEX Savings
- Paper statement fee of $3 for FLEX Savings
Quick Take
B1BANK savings accounts have low opening deposit requirements. FLEX Savings offers fee waivers and AIM Savings focuses on goal-based growth without monthly fees. Both accounts, however, have withdrawal limitations to consider.
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B1BANK Money Market Account
B1BANK offers one money market account option, which has default or premium rates depending on the account holder’s banking relationship.
- The MAX Money Market account has tiered annual percentage yields (APYs) that go up to .
- You can open a new account with $100 minimum opening deposit.
- You’ll get up to 8 free debits per month.
- There is a $15 monthly service charge that you can waive with a daily balance of at least $10,000, or a combined relationship balance of $25,000.
Best For
Credit Cards
Mobile App
Low Monthly Fees
Low Minimum Deposit
Loan Options
Tiered Interest Rates
B1BANK’s MAX Money Market account combines competitive interest rates with flexible access, offering a secure way to grow your savings while maintaining liquidity.
Fees
$15 waivable monthly fee
APY
to
Min Opening
$100
Pros
- Tiered APYs depending on the balance
- Low opening deposit
Cons
- High balance needed to waive the monthly fee
- Must meet account and transaction requirements to get the highest rates
Quick Take
While b1BANK offers just one money market account, it’s an excellent choice for those looking to earn a higher interest rate with continued access to their funds. To avoid the $15 monthly service fee, maintaining the required high minimum daily balance or combined relationship balance is essential, as failing to do so could offset potential earnings.
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B1BANK CD Accounts
B1BANK CDs offer a variety of terms to choose from with guaranteed returns.
- Terms are available from 90 days to 60 months, providing predictable returns over long-term periods.
- You can open a new account by depositing at least $1,000.
- All accounts are insured by the FDIC, up to $250,000.
Best For
Credit Cards
Mobile App
Low Monthly Fees
Low Minimum Deposit
Loan Options
Guaranteed Returns
B1BANK CDs offer a variety of terms to choose from with guaranteed returns.
Fees
Early withdrawal penalties may apply
APY
to
Min Opening
$1,000
Pros
- Many terms to pick from
- Competitive interest rates
Cons
- Penalties for early withdrawal
- Minimum deposit may be high for some savers
Quick Take
B1BANK CDs offer secure and predictable returns, making them a good alternative to more risky investments. However, online-only institutions may offer higher rates.
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Banking Experience
B1BANK offers its customers a well-rounded banking experience — from personalized customer service in its branches to a highly-rated mobile banking app. Here are some standout features:
- Online banking: Provides 24/7 access for managing accounts, paying bills, setting alerts and transferring funds.
- Mobile banking: Offers features like mobile check deposit, funds transfers and card management. The app has a 4.4 rating on the App Store and a 4.1 rating on Google Play.
- Interactive Teller Machines (ITMs): These machines offer everything an ATM has and more. You’ll have access to live teller support and the ability to complete tasks, including making loan payments, ordering checks, cashing checks and changing passwords.
- Customer support: Customers can reach support in-branch, by phone or via live chat. Live chat is available every weekday from 8:30 a.m. to 5 p.m.
How Does b1BANK Compare?
See how b1BANK compares to its competitors.
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$7 to $15 waivable monthly fee
$5 to $10 monthly
No monthly service fee
APY
APY
APY
Contact branch
Up to
Min Opening
Min Opening
Min Opening
$25
$100
$0
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$0 to $3 monthly
No monthly service fee
No monthly service fee
APY
APY
APY
Contact branch
Min Opening
Min Opening
Min Opening
$25
$500
$0
B1BANK vs. Capital One
Capital One is a national bank that offers tons of services including an extensive credit card range and personal, as well as business products. Capital One has the Performance 360 Checking Account, which has no minimum deposit, no monthly or overdraft fees.
If you prefer national accessibility and a user-friendly checking account, Capital One is a better fit. B1Bank is a regional bank that caters to the Southern United States and although the bank offers a checking account, there is a minimum deposit of $25.
B1BANK vs. CIT Bank
CIT Bank is a fully digital bank that offers a high-yield savings account with a minimum deposit of $100 and an APY of on balances more than $5,000. If you don’t mind online access only, CIT is a better option for a high-yield savings account.
B1BANK vs. Western Alliance
Western Alliance specializes in commercial banking services and more complicated business accounts. Western Alliance does have two personal checking accounts and a high-yield savings account. If you prefer a full range of traditional bank products and don’t need a bank to house business accounts, B1BANK will be a better choice for your banking needs.
Final Take
B1BANK offers a selection of CDs and interest-earning checking and savings accounts. The bank also has ITMs and a mobile app for managing banking tasks on the go. While minimum daily balance requirements for some accounts may be steep, monthly service charges are easily waivable for basic accounts. Additionally, premium rates are an option if you open a money market account.Â
B1BANK FAQ
Here are answers to some of the most common questions about b1BANK.- Can you overdraft at b1BANK?
- Yes, b1BANK offers overdraft protection services that allow account holders to complete their purchase in the event of an overdraft.
- Can you deposit cash at a b1BANK ATM?
- Yes, cash deposits are accepted at b1BANK ITMs.
- Does b1BANK have Zelle?
- No, b1BANK is not partnered with Zelle.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 10, 2025.Â
This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
To determine rankings for the Best CD Accounts of 2025, GOBankingRates considered the following factors (excluding neobanks): (1) total assets as sourced from the FDIC; (2) number of branch locations as sourced from the FDIC; (3) minimum deposit to open an account; (4) 12-month CD APY rate; (5) 60-month CD APY rate, and (6) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1) and (2) were weighed 0.5 times, factor (3) was weighed 2 times, and factors (4) and (5) were weighed 4 times. All products and offerings had to be available as of Oct. 4, 2025, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 10, 2025.
To determine the Best Money Market Accounts of 2026, GOBankingRates analyzed the following factors from all banks (excluding neobanks): (1) total assets as sourced from the FDIC; (2) number of branch locations as sourced from the FDIC; (3) minimum deposit to open an account; (4) APY on the money market account; (5) the minimum balance needed to earn the APY; (6) monthly money market fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); and (7) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1) and (2) were weighed 0.5 times, and factor (4) was weighed 4 times. All products and offerings had to be available as of Oct. 4, 2025, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 10, 2025.
