# ZYNLO® Bank

> ZYNLO Bank is the national digital-only division of PeoplesBank in Holyoke, Massachusetts. Its consumer deposit accounts combine interest-bearing checking, savings, money market accounts and CDs with no monthly maintenance fees. Its distinctive ZYNG feature rounds eligible debit purchases up to the next dollar and contributes a bank-funded match, subject to program conditions.

- **Founded:** 2020
- **Headquarters:** Holyoke, United States
- **Founders:** PeoplesBank (Founding institution)
- **Products:** More Spending, Tomorrow Savings, ZYNG Round Up & Match, Money Market, Certificates of Deposit
- **Notable:** NerdWallet’s 2026 Best-Of Awards named ZYNLO Money Market Account the Best Money Market Account., A 2024 FinXTech report said ZYNLO broke even in two years and that its sidecar core cost less than opening a branch; no dollar cost was disclosed., A Digital Onboarding customer case study reports a 115% increase in average balances and 64% lower attrition over its first twelve months; vendor-reported results, with no independent causal evaluation supplied.

## Products & services

- **More Spending** — Interest-bearing consumer checking with a Visa contactless debit card, Allpoint ATM access and ZYNG eligibility; no monthly maintenance charge.
- **Tomorrow Savings** — Interest-bearing savings with personalized goals and the receiving account for eligible ZYNG transfers and matching contributions.
- **ZYNG Round Up & Match** — Rounds eligible debit purchases to the next whole dollar and transfers the difference into Tomorrow Savings. September 1, 2026 disclosures provide a 100% match for 100 days; thereafter 100% depends on a $3,000 average-daily-balance condition in the qualifying spending account, otherwise 25%. Prior-month balance rules apply.
- **Money Market** — Consumer deposit account with no monthly maintenance fee, no opening-deposit minimum and no account-level transaction-count limit; external transfer limits still apply.
- **Certificates of Deposit** — Fixed-rate deposits with six-, 12-, 18- and 24-month terms. Early withdrawal penalties may apply.
- **Mobile and Online Banking** — Mobile check deposits, account transfers, bill payment, alerts, debit-card controls, savings goals and secure messaging.
- **Early Payday** — Eligible direct deposits may be available up to two days early, depending on the employer or payment provider.

## Achievements

- NerdWallet’s 2026 Best-Of Awards named ZYNLO Money Market Account the Best Money Market Account.
- A 2024 FinXTech report said ZYNLO broke even in two years and that its sidecar core cost less than opening a branch; no dollar cost was disclosed.
- A Digital Onboarding customer case study reports a 115% increase in average balances and 64% lower attrition over its first twelve months; vendor-reported results, with no independent causal evaluation supplied.

## Latest updates

- **2026-10** — ICBA’s core-conversion feature describes how experience with ZYNLO helped PeoplesBank decide to replace its legacy core.
- **2026-09** — Account disclosure packet effective September 1, 2026 sets out current ZYNG matching conditions and a More Spending customer promotion.
- **2026-05** — Independent Banker reported nearly $300 million in ZYNLO assets; assets should not be conflated with revenue or with deposits.
- **2026-01** — NerdWallet announced ZYNLO as its 2026 Best Money Market Account award winner.

## Links

- Website: https://www.zynlobank.com/
- LinkedIn: https://www.linkedin.com/company/zynlo-bank/
- Twitter/X: https://twitter.com/zynlobank
- YouTube: https://www.youtube.com/watch?v=pBReQmdun6w
- Instagram: https://www.instagram.com/zynlobank/
- Facebook: https://www.facebook.com/ZYNLOB
- TikTok: https://www.tiktok.com/@zynlobank/

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Profile page: https://yespress.io/zynlo-bank
Published by YesPress — https://yespress.io
Last updated: 2026-10-23