Banks Still Offering Free Checking and Savings with Great Interest Rates
Are you shopping for a new bank thanks to the new bank fee increases?
Here are 6 banks that are still offering awesome perks, like free interest-bearing checking accounts and high-yield savings accounts.
Capital One 360
Capital One 360 offers a variety of products including checking, savings, loans, investing, retirement, and business services to their customers.
- 360 Checking: APY of % with no fees and minimums. They also have a checking account designed for teens.
- 360 Savings: % APY with no fees and minimums.
EverBank Yield Pledge Checking
EverBank offers an interest bearing checking account with no fees. Its current APY ranges from 0.30% to 0.61%. However, they have a bonus offer right now which gives first time account holders 1.40% for 6 months and 0.85%-1.01% for the rest of the first year (depending on your balance). They also promise to keep the yield in the top 5% of competitive accounts. Lastly, they offer a $50 satisfaction guarantee.
Discover Online Savings Account
Discover is a well recognized and long standing brand with a record of excellent customer service. Their online savings account offers a 0.85% APY with a $500 minimum opening deposit. There are no minimum balance or monthly fees.
Ally Bank was named one of the Best Banks of 2011 by Money Magazine, and offers checking, savings, retirement, and auto financing services.
- Checking account: APY is 0.10% on accounts with under $15,000 and 0.60% on accounts with over $15,000. No fees and minimums.
- Savings account: APY is 0.87% with no fees and minimums.
GE Capital Bank
Voted "Best Bank" by Money magazine in 2013, they offer an online savings account with a 0.90% APY with no minimum deposit to open. There are also no transaction fees, but you're limited to six withdrawals per statement cycle.
Barclays Online Savings
Barclays offers a competitive 0.90% APY for their online savings accounts. There are no minimum balances to open and no maintenance fees.
All the banks on this list are FDIC insured.