Savings

Compare Savings

CIT Bank

• Savings: Savings Builder up to 0.50% APY with $25,000+ balance or $100 monthly deposit.

Pros: High yield No monthly service fees Low opening deposits

Cons: No physical locations No check writing

Our Review: (4.5) CIT Bank offers a high interest rate. But is it safe? Read this review to find out if what you heard is true... Read full review

CIT Bank Money Market Account - 0.55% APY

HSBC Bank

• Savings: HSBC Direct Savings: 0.30% APY. $1 minimum opening deposit and no monthly service fee. Deposit checks easily by taking a picture with your phone using HSBC Mobile Banking.

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 Advance Checking - Up to $240 Cash Bonus

Discover Bank

• Savings: 0.55% APY

Pros: High yield Cashback checking 24/7 customer service

Cons: No interest checking $2,500 minimum deposit for CDs

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

Online Savings Account - Earn 0.55% APY

Digit

• Savings: Yes

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

Qapital

• Savings: 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

Rize

• Savings: Yes

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

Synchrony Bank

• Savings: 0.60% APY. No monthly service fee and no minimum deposit. An ATM card is provided for easy withdrawal. Synchrony will refund ATM fees for other banks up to $5 per statement cycle

Pros: Savings with ATM card High APY All balance tiers receive same rate

Cons: No checking account $2,000 minimum deposit for CDs Limited customer service hours

Our Review: (4.3) Synchrony offers some of the highest savings and CD rates. But there are downsides. Read this review before you open an account... Read full review

High Yield Savings - 0.60% APY

Capital One

• Savings: 0.50% APY

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

Personal Checking Account - $150 Bonus

Axos Bank

• Savings: 0.61% APY. No minimum opening deposit. No monthly maintenance fee. Daily Compounding Interest.

If the perfect checking account for you is one with no monthly fees while offering rewards, you may have found your match with Axos Bank... Read full review

Rewards Checking

Ally Bank

• Savings: 0.60% APY

Pros: CD options No account minimums Good 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 - 0.60% APY

TD Bank

• Savings: 0.05% APY. No minimum deposit. $5.00 monthly fee waived if 1) minimum $300 balance or 2) waived for the first 12 months if with recurring transfer of $25 or more from a TD Bank account or if you're under 18 or 62 and older.

Pros: Extended banking hours Low requirements to waive monthly fees No foreign transaction fees

Cons: No free checking Low APY Only on East Coast

Our Review: (3.9) TD Bank offers extended customer hours and easy online banking. Are these perks worth it? Find out what makes TD Bank a great choice for you and some reasons to look elsewhere... Read full review

TD Beyond Checking - $300 Cash Bonus

Marcus by Goldman Sachs

• Savings: 0.50% APY. $0 to open; $1 to earn stated APY. No fees to open or maintain account. No minimum daily balance requirement.

Marcus by Goldman Sachs offers savings accounts and CDs at high interest rates. But don't expect accounts with a lot of bells and whistles. Read on for the pros and cons... Read full review

Marcus Online Savings - Earn 0.50% APY

UFB Direct

• Savings: 0.40% APY for balances of $10,000 and above.

UFB High Yield Savings - Earn up to 0.40% APY

Citibank

• Savings: 0.04% - 0.15% APY. No minimum deposit. $4.50 monthly fee unless you maintain an average monthly balance of $500.

Pros: Perks for high balance customers Many fee-free ATMs Global presence

Cons: No free checking option Higher balance requirements Low savings APY

Our Review: (3.5) Citibank offers credit cards and banking services. But service fees and balance requirements are on the high side. Is it the right bank for you? Read this review to find out... Read full review

Citi Accelerate Savings Account - 0.70% APY

Charles Schwab Bank

• Savings: 0.05% APY

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

Santander Bank

• Savings: 0.03% APY. $25 Minimum opening deposit. $1 monthly fee, unless 1) You have a Santander Checking Account, or have 2) $100 average daily balance in your savings account.

Pros: Easy to waive monthly fees High APY for CDs Free student checking

Cons: Low interest for Premier Plus Checking

Our Review: (3.8) If you're in the Northeast, Santander Bank offers solid basic checking and savings options, as well as competitive rates for CDs. Read on to see if it fits your needs... Read full review

Personal Checking Account - $225 Bonus

M&T Bank

• Savings: 0.02% APY. Monthly service fee of $7.50 unless you 1) maintain a minimum daily balance of $500 or, 2) have a personal checking account with M&T Bank or, 3) make at least one deposit in your Relationship Savings account

Pros: Free checking option High APY for Promo CD Free savings with checking

Cons: Fee heavy Subpar savings APY Limited branches

Our Review: (3.4) If you are on the upper East Coast, you probably see M&T Bank frequently. With a free checking option and a range of deposit accounts, does it meet your needs?... Read full review

Personal Checking Account - Up to $250 Bonus

Citizens Bank

• Savings: Several types of Savings accounts. 0.01% - 0.02% APY. No minimum opening deposit. $4.99 monthly maintenance fee, unless you have a minimum daily balance of $200 in your account, or have a qualifying Citizens Bank checkings account.

Pros: One Deposit Checking GoalTrack Savings 24/7 customer service

Cons: Low APY Heavy overdraft fees Limited branches

Our Review: (3.8) Are you looking for a bank that will not only keep your money, but also help push you to meet your financial goals? If so, you may want to consider Citizens Bank... Read full review

Personal Checking Account - $300 Bonus

Huntington Bank

• Savings: 0.02% APY (Premier Savings). $4 monthly fee, unless you have 1) daily average balance of $300, or 2) linked to a Huntington Asterisk-Free Checking Account. Minimum deposit of $50.

Pros: Free checking option 24-hr grace for overdrafts All day deposit 24-hr customer service

Cons: Limited branches Low savings APY

Our Review: (3.9) Huntington Bank provides great accounts benefits like free Overdraft Protection Transfers and 24/7 customer service. Read on to see if this bank is right for you... Read full review

Business Checking Account - $200 Bonus

Bank of America

• Savings: 0.01% APY (up to 0.05% if enrolled in Preferred Rewards). $8 monthly maintenance fee, unless you have 1) daily balance of $500, 2) are a Bank of America Preferred Rewards Client, or 3) link your Rewards Savings Account to your Interest Checking Account. Minimum deposit of $100.

Pros: National availability Extended customer service hours Full service bank

Cons: No free checking option Low interest rates Many misc. banking fees

Our Review: (3.2) Bank of America offers a nationwide network, many account options, and user-friendly online banking. But does this convenience come at a cost? Read on... Read full review

Advantage Plus Banking Checking Account - $100 Bonus

US Bank

• Savings: 0.01% APY. Minimum deposit $25. Monthly maintenance fee $4, unless you have $300 minimum daily ledger balance OR $1,000 average monthly collected balance.

Pros: Promo CD with high APY Free student account 24/7 customer service

Cons: High minimums to waive fees Low savings APY

Our Review: (3.7) U.S. Bank is the country's fifth largest bank, but does that make them a bank that will suit your banking needs? Do you need one of the country's largest banks or is a smaller bank more your style?... Read full review

Personal Checking Account - $100 Bonus

PNC Bank

• Savings: 0.01% APY (0.02% APY - 0.03% APY Relationship rates). Minimum deposit of $25. $5 monthly service charge unless you have 1) $300 monthly average monthly balance, or 2) if you are under 18 years old, or 3) set up an Auto Savings transfer of $25 or more each month from your PNC Checking account to your Savings account.

Pros: Virtual Wallet tools Relatively easy to waive fees Free student account

Cons: Limited branches Low APY

Our Review: (3.5) PNC Bank has relatively low requirements to waive fees and offers many financial tools to help you meet savings goals. Read on to see if this East Coast bank is right for you... Read full review

High Yield Savings Account - 0.65% APY

Fifth Third Bank

• Savings: 0.01% APY. No minimum deposit. $5 per month unless 1) you have a Fifth Third Checking Account, or 2) You maintain an average monthly balance of $500 or more, or 3) You or someone under age 18 is an owner of the account, 4) You are enrolled in Fifth Third Military Banking.

Pros: Free Express Checking Free student checking Promo CD with high APY

Cons: Higher balance requirements Low savings APY Limited branches

Our Review: (3.3) Fifth Third Bank has higher balance requirements and high service fees if they're not met. But it offers some unique programs. Read on to see if Fifth Third Bank is a good fit for you... Read full review

Fifth Third Checking Account - Up to $250 Bonus

Regions Bank

• Savings: Two types of Savings Account - Regions Savings, and Regions Lifegreen Savings. 0.01% APY. Regions Savings Account - minimum opening deposit $50. $5 monthly maintenance fee, unless you have $300 minimum daily balance. Regions Lifegreen Account - minimum opening deposit $50. Must have Regions Checking Account. No monthly maintenance fee.

Pros: $50 to open checking account Relationship Rewards program LifeGreen Savings annual bonus

Cons: No free checking option Limited branches Low savings APY

Our Review: (3.4) Regions Bank offers a variety of deposit products, easy account opening requirements, and special reward programs. Read on to see if this bank is right for you... Read full review

LifeGreen Savings Account – Up to $100 Annual Savings Bonus

Wells Fargo

• Savings: 0.01% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, or are under the age of 18.

Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options... Read full review

SunTrust Bank

• Savings: 0.01% APY for all savings account. For Essential Savings Account - no minimum opening deposit, no monthly maintenance fee, no tiered interest rates. For Select Savings Account - $100 minimum opening deposit, $7 monthly maintenance fee unless 1) minimum $25 per month auto-transfer from a SunTrust personal checking account or, 2) $1,000 minimum daily collected balance. Has tiered interest rates.

Pros: High APY for CDs Free student account Good customer service

Cons: No free checking option Low savings APY Limited branches

Our Review: (3.7) If customer service ranks high on your list, SunTrust Bank may be one you want to check out. While they offer interest rates comparable to most "big banks," they do offer that warm, fuzzy feeling some people look for in a bank... Read full review

SunTrust Advantage Checking Account - $500 Bonus

KeyBank

• Savings: 0.01% APY. $10 minimum opening deposit. $4 monthly maintenance fee unless you 1) have $300 daily balance, or have 2) $5 monthly minimum direct deposit or recurring transfer from another Key account, or 3) have a HelloWallet Financial Wellness Score of at least 1.

Pros: HelloWallet financial tools Free checking option 24/7 customer service

Cons: Limited branches High account fees

Our Review: (3.3) Are you looking for a no-frills checking account or maybe a bank that offers relationship banking services/interest rates? You may have found your fit with KeyBank... Read full review

Key Checking Account - $250 Bonus

TCF Bank

• Savings: 0.01% APY. Minimum deposit of $25 - $50, depending on account. May have monthly maintenance fee of $0 - $10, depending on account. Can be waived with minimum balance of $100 or $1000, depending on account.

Acorns

• Savings: No

Pros: No minimum investment Invest with spare change Cash-back program

Cons: Fees are high for small balances No tax benefits Limited investment options

Our Review: (3.7) Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit... Read full review

$10 Sign-Up Bonus

Chase

• Savings: Chase Savings: $5 monthly service fee waived with either a $300 daily balance OR $25 automatic transfer every month from a linked Chase checking account OR for owners under 18. $0 to open.
  Chase Premier Savings: Earn a higher interest rate when you have a bigger balance and meet certain relationship requirements when linked with a Chase Premier Plus Checking or Sapphire Checking account.

Pros: Nearly 4,900 branches New customer coupons Full service banking

Cons: Low interest rates Not in all states

Our Review: (4.1) Chase has new customer bonuses and a strong nationwide presence. But there are drawbacks. Read this review to see if Chase is a good bank for you... Read full review

Open a New Checking Account

Associated Bank

Pros: Wide ATM network 24/7 customer service Special Term CD with high APY

Cons: No free checking option High account fees Limited branches

Our Review: (3.6) If you live in the Midwest, you've likely heard of Associated Bank. Its account offerings are basic with higher fees, but is it a good fit for you? Read on... Read full review

Badgers - $200 Bonus

Betterment

Pros: No minimum investment Many customized portfolios Automatically invest extra funds

Cons: Limited investment options High fees for large investors

Our Review: (4.1) Betterment offers low fees and good returns. But there are risks you should NOT ignore. Read this review to see if Betterment is better... Read full review

Get up to 1 Year Managed Free

Varo Bank

• Savings: 0.81% APY on all balances. Opportunity to earn 2.80% APY if your daily savings balance does not exceed $10,000 AND you make at least 5 Varo debit card purchases per month AND receive at least $1,000 in direct deposits in either the Varo Bank Account or Savings Account.

Online Savings Account

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