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Checking


Compare Checking

    Capital One
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    Capital One

    • Checking: 0.20% APY under $50,000; 0.75% APY $50,000 or more; 1.00% APY $100,000 or more. No monthly service fee and no minimum deposit. Overdraft options prevent you from being charged when you accidentally overdraw
    Pros:
    • Overdraft protection options
    • No account minimums
    • 27 Capital One cafes for in-person support
    Cons:
    • Lower savings APY compared to other online banks

    Our Review: (4.3) Capital One 360 checking and savings accounts are free to open and offer higher-than-average APY rates. Does this popular web bank live up to its claims? Find out if it's right for you... Read full review

    Capital One 360 Checking - $25 Offer

    Acorns
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    Acorns

    • Checking: Yes
    Pros:
    • No minimum investment
    • Invest with spare change
    • Free for college students
    Cons:
    • Fees are high for small balances
    • No tax benefits
    • Limited investment options

    Our Review: (3.7) Acorns automatically invests your spare change, so you can invest without thinking. It's great for novice investors, but there are downsides. Read on... Read full review

    $5 Sign-Up Bonus

    Investing
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    Qapital

    • Checking: Yes
    Pros:
    • No minimum balance
    • Rules-triggered savings
    Cons:
    • No interest
    • Only available on a smartphone
    • No phone support

    Our Review: (4.0) Qapital "forces" you to save by rounding up your purchases or following rules you've chosen. So can this mobile app for beginning savers help you? Read on to find out... Read full review

    Ally Bank
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    Ally Bank

    • Checking: 0.10% APY under $15,000; 0.60% APY $15,000 or more. No monthly service fee and no minimum deposit. Ally will refund ATM fees for other banks up to $10 per statement cycle.
    Pros:
    • CD options
    • No account minimums
    • 24/7 customer service
    Cons:
    • Low Checking APY for lower balance customers

    Our Review: (4.4) Ally Bank offers good interest rates and no account minimums. But is this popular online bank good for you? Learn the benefits (and drawbacks) here... Read full review

    Online Savings Account

    Charles Schwab Bank
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    Charles Schwab Bank

    • Checking: 0.40% APY, $0.01 account minimum
    Pros:
    • No account minimum
    • No service fees
    • Refund all ATM fees
    Cons:
    • Only checking or savings
    • Must do banking online

    Our Review: (4.3) Charles Schwab is more than a brokerage. It also offers high yield checking and savings interest rates that might far surpass your local bank. Read on to learn the pros and cons... Read full review

    High Yield Investor Checking – Unlimited ATM Rebates

    Digit
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    Digit

    • Checking: No
    Pros:
    • No minimum balance
    • Save without thinking
    • 1% annual savings bonus
    Cons:
    • High monthly fee
    • No phone support
    • Not for long term savings

    Our Review: (3.3) Digit automatically builds a savings fund for you by withdrawing small, affordable amounts. But it's not perfect. Is it worth the fee? Let's find out... Read full review

    30 Days for Free

    Investing
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    Rize

    • Checking: No
    Pros:
    • No minimum balance
    • Interest on Savings
    • Pay what you want
    Cons:
    • High fee for Rize Invest
    • Only $50 overdraft protection
    • No phone support

    Our Review: (4.0) If you are tired of not making interest on your microsavings accounts, Rize may peak your interest. Falling into the microsavings category, Rize stands out from the crowd with its interest-bearing capabilities and unlimited withdrawal options... Read full review

    HSBC Bank
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    HSBC Bank

    • Checking: Basic Banking: no minimum requirements; $3 monthly service fee
      Choice Checking: $15 monthly service fee waived if you set up direct deposit OR maintain a minimum monthly balance of $1,500
      Advance Checking: $25 monthly service fee waived if you set up recurring direct deposits of at least $5,000 monthly OR maintain a minimum monthly balance of $10,000.
      Premier Checking: $50 monthly service fee waived if you maintain a minimum monthly balance of $100,000 in combined HSBC deposit and investment accounts.
    Pros:
    • Global presence
    • High online savings APY
    Cons:
    • Not in every state

    Our Review: (4.7) HSBC Bank offers a full array of services for different needs, including a high-yield online savings and several checking options. But there are downsides. Read on for the pros and cons... Read full review

    HSBC Direct Savings - 2.25% APY

    Discover Bank
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    Discover Bank

    • Checking: Earn 1% cashback on up to $3,000 in debit card purchases each month. No monthly service fee and no minimum deposit.
    Pros:
    • 1% cashback checking
    • High APYs
    • 24/7 customer service
    Cons:
    • No interest checking
    • $2,500 minimum deposit for CDs
    • Overdraft fees

    Our Review: (4.8) Discover offers high interest rates on its online savings and CD accounts. But there are downsides. Here's what you need to know before you open an account... Read full review

    Discover Online Savings - $150 Cash Bonus


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About CreditDonkey®
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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