World’s first high-security savings account represents fundamental shift in how banks protect consumers

Austin Capital Bank^®, a leader in digital banking products serving more than 1 million users nationwide, announced the launch of the Fort Knox^® High-Security Savings Account (HSSA). Built from the ground up with an uncompromising commitment to security, it creates a new industry standard for protecting consumers’ life savings in an increasingly vulnerable digital world.

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The Fort Knox HSSA launch coincides with alarming new data from the Federal Trade Commission (FTC) showing fraud attempts against banking customers increased by 25% in 2024, with reported total losses reaching a record $12.5 billion. The FTC also says 93% of Americans have been targeted by fraud attempts in the past year, with over 45 million people falling victim and suffering financial loss. The average loss per victim now exceeds $4,000, representing a 34% increase from just two years ago.

“It doesn’t matter how convenient your banking is if your money isn’t safe—criminals love easy access and fast transfers too,” said Erik Beguin, CEO and founder of Austin Capital Bank. “Today, we’re introducing an entirely new category of bank accounts: the high-security savings account. While traditional banks and payment providers try to balance convenience with security, and achieve neither, the Fort Knox HSSA fundamentally reimagines how banks protect customer assets with a platform and architecture built to prioritize security at every level.”

The Fort Knox HSSA integrates cutting-edge account security and first-of-its-kind funds transfer architecture to minimize fraud vulnerabilities, including:

1. Intelligent Closed-Loop™ Protection: Fort Knox HSSA ensures funds can only move between a Fort Knox HSSA account and the account holder’s securely linked external bank account. This structure makes it the only platform where fraudsters must defeat at least two independent banks’ security measures and prevents unauthorized transfers to random accounts or payment apps that fraudsters typically use to drain accounts.
   
   
   
   
2. Advanced Security Architecture: Fort Knox HSSA employs a multilayered security system, including passwordless and biometric authentication, proprietary blacklisting of high-risk institutions and apps, and automatic account Lockdown™ that instantly freezes all funds transfers in and out of an account.
   
   
   
   
3. Customizable Security Controls: Fort Knox HSSA features a multilayered security system, with clearly defined zones protecting both a consumer’s money and personal data. Within each zone, users can customize their security protocols using both soft and physical tokens for added protection. Additionally, Fort Knox HSSA prioritizes security by preventing instant withdrawals. All withdrawal requests are held for two business days, allowing customers ample time to review and confirm each transaction.

“Nearly every American will be targeted by multiple fraud attempts today—and every day going forward. The criminals are getting faster, smarter and more relentless,” said Beguin. “The hard truth is that if you haven’t been a victim of bank fraud yourself, you know someone who has. The traditional security model—a username, a password and a one-time code—just isn’t enough anymore. Criminals have evolved. Banks haven’t. We created Fort Knox so Americans can sleep well at night knowing their life savings are protected—and that their money will be there when they need it.”

The Fort Knox High-Security Savings Account is available nationwide, exclusively at www.FortKnox.Bank. Built for individuals who prioritize protection, Fort Knox provides uncompromising security and a competitive interest rate—so savings stay safe while they grow.

View current interest rates at www.FortKnox.Bank/rates.

About Fort Knox High-Security Savings Account

Fort Knox^® is the world’s first high-security banking platform. Built on Austin Capital Bank’s proprietary, patent-pending banking platform, Fort Knox fundamentally reimagines how banks protect customer assets through multiple layers of next-generation security and a unique patent-pending system architecture. Fort Knox High-Security Savings is more than just an account with better identity verification and login security; it’s an entirely unique platform designed from the ground up to protect consumer funds. Fort Knox’s unique protection features include Intelligent Closed-Loop™ Protection, Lockdown™ status, Active Account Cloak™ technology, The Blacklist™ and post-quantum cryptographic encryption. The Fort Knox platform also replaces generic account and routing numbers with account identifiers that are incompatible with any funds transfer or payment system. For consumers who value protecting their savings over instant access, Fort Knox delivers complete confidence in the security of their funds. Learn more at www.FortKnox.Bank.

About Austin Capital Bank

Austin Capital Bank^® combines an FDIC-insured bank charter with world-class in-house technology development capabilities to solve critical unmet financial needs for consumers and small business owners nationwide. Austin Capital Bank defines community as groups of individuals and small businesses across the country who share common unmet financial needs—then builds the technology and product solutions to meet those needs. The bank’s unique approach has led to industry-leading products that serve more than 1 million users nationwide, including CreditStrong^® and industry-first innovations like the Fort Knox High-Security Savings Account. Learn more at www.AustinCapitalBank.com.

Fort Knox^® and CreditStrong^® are registered trademarks of Austin Capital Bank. Lockdown™, Closed-Loop™, Blacklist™ and Cloak™ are trademarks of Austin Capital Bank. Fort Knox^® is a division of Austin Capital Bank, Member FDIC. All Fort Knox bank account deposits are insured by the FDIC to the maximum extent allowable by law. ©2025 Austin Capital Bank. All Rights Reserved.

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The launch of Fort Knox High-Security Savings Account introduces an entirely new category of bank accounts that fundamentally reimagine how banks protect customer assets.