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.Sign up for a Discover Online Savings Account today!
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.