Did you know that choosing the right bank account could save you hundreds of dollars annually? With so many options available, it’s easy to feel lost. But don’t let that worry you because we’ve identified the top 15 bank accounts by combining financial expertise with practicality to help you maximize your savings, enjoy digital convenience, and make smarter financial decisions today. Take a look here.
Axos Bank Rewards Checking Account
Axos Bank’s Rewards Checking offers up to 3.30% Annual Percentage Yield (APY), as stated on the bank’s website, by meeting specific monthly requirements like direct deposits and debit card usage. With its no-fee structure and flexibility, Forbes also recognized it as one of America’s Best Banks in 2021.
LendingClub LevelUp Savings
GOBankingRates’ 2024 Best Online Bank, LendingClub’s LevelUp Savings, offers a competitive 5.30% APY—11 times the national average, based on FDIC figures. With no account fees, free transfers, and minimum balance requirements, it’s designed to help you grow your savings efficiently while keeping more money.
Discover Cashback Debit
Discover’s Cashback Debit offers 1% cash back on up to $3,000 in monthly purchases with zero fees, making it ideal for everyday spenders. According to the official website, Discover.com, the account supports Zelle and global payment platforms like ApplePay, GooglePay, and SamsungPay, and this makes it a comprehensive tool for managing daily finances.
PenFed Credit Union Access America Checking
PenFed’s Access America Checking stands out for those needing widespread ATM access. Offering up to 0.35% APY on higher balances, it’s designed to help you access cash on the go without heavy fees. Ranked among the top for military families, it’s a reliable option with extra perks.
UFB Direct Portfolio Savings
When a high APY is your goal, UFB Direct Portfolio Savings, with up to 5.15% interest, makes a compelling case. With an absence of fees and minimum deposits, your savings are safe. Regularly praised by NerdWallet, it’s built for those who prioritize maximizing their savings potential.
Capital One 360 Money Market
Since its inception, Capital One 360 Money Market has offered a blend of high APY—up to 4.30% on more significant balances—and easy access. Ideal for savers who want liquidity with higher returns, it’s recognized for its innovative online platform that attracts tech-savvy users nationwide.
SoFi Checking and Savings
With over 2.1 million users as of 2022, SoFi Checking and Savings is one of MarketWatch’s top online banks. It offers high-yield interest rates and no monthly fees. Customers enjoy a joint checking and savings account, access to 55,000+ ATMs, and up to $300 in bonuses for new accounts.
Charles Schwab High Yield Investor Checking
Rated 4.75 out of 5 by Business Insider, Charles Schwab’s High Yield Investor Checking is perfect for frequent travelers. It offers worldwide ATM fee refunds and no foreign transaction fees. The bank is also recognized for its exceptional customer satisfaction, offering round-the-clock customer care with an online chat option.
Fidelity Cash Management Account
Named the #1 Cash Management Account of 2024 by Forbes Advisor, Fidelity’s Cash Management Account combines flexibility with intelligent money management. Offering interest on both checking and savings, it’s an excellent choice for those looking to grow their cash reserves while benefiting from a streamlined, efficient banking experience.
American Express High Yield Savings
Backed by American Express’s trusted service and FDIC membership, the High Yield Savings Account offers a 4.25% APY with no fees or minimum balance. Interest compounds daily and deposits monthly, giving you steady growth. It’s great for those looking for simple, reliable savings with easy access to their money.
Rob Croes1-Month No Penalty CD
If you appreciate flexibility in your savings, Ally’s 11-Month No Penalty CD is worth considering. It offers competitive returns without the fear of penalties for early withdrawal, making it perfect for uncertain times. Known for top-tier customer service, it’s a trusted choice.
Wealthfront Cash Account
Bankrate’s Best Cash Management Account of 2024, Wealthfront’s Cash Account, is trusted by over 1 million users. It offers automated savings and investing, perfect for those who want hassle-free money management. With high yields and smart features, it helps every dollar grow efficiently and effortlessly.
Marcus by Goldman Sachs High-Yield CD
Marcus by Goldman Sachs has been a reliable name in finance since 2016. Its high-yield CD locks in competitive rates with FDIC protection. It has been a consistent top pick for conservative investors looking for stability and is an excellent option for those seeking a safe, long-term savings strategy.
NBKC Bank Everything Account
NBKC’s Everything Account gives you the best of both worlds with its 2-in-1 setup, combining checking and savings in one accessible, no-hassle account. If you like keeping things simple and all in one place, this account is a perfect fit. Plus, people love its straightforward approach and great support.
Chase Total Checking Account
Chase Total Checking is ideal for those who prefer traditional banking with modern perks. With 4,700+ branches and 15,000 ATMs, it offers excellent accessibility. The mobile app simplifies banking, and fees can be waived with direct deposits or balances. According to the official website, a $50 no-fee overdraft is included.
