9 Excellent
APY | Up to 3.80% |
---|---|
Fee | $0 per month |
Minimum deposit to open | $0 |
APY | Up to 3.80% |
---|---|
Fee | $0 per month |
Minimum deposit to open | $0 |
9 Excellent
APY | Up to 3.80% |
---|---|
Fee | $0 per month |
Minimum deposit to open | $0 |
APY | Up to 3.80% |
---|---|
Fee | $0 per month |
Minimum deposit to open | $0 |
9.2 Excellent
APY | 4.00% |
---|---|
Fee | $0 per month |
Minimum deposit to open | $0 |
APY | 4.00% |
---|---|
Fee | $0 per month |
Minimum deposit to open | $0 |
9.6 Excellent
Fee | $0 per month |
---|---|
Minimum deposit to open | $0 |
Fee | $0 per month |
---|---|
Minimum deposit to open | $0 |
9.4 Excellent
APY | N/A |
---|---|
Fee | From $5.99 per month |
Minimum deposit to open | $150 |
APY | N/A |
---|---|
Fee | From $5.99 per month |
Minimum deposit to open | $150 |
8.8 Great
APY | 4.00% |
---|---|
Fee | $0 per month |
Minimum deposit to open | $0 |
APY | 4.00% |
---|---|
Fee | $0 per month |
Minimum deposit to open | $0 |
9.6 Excellent
APY | Up to 3.75% |
---|---|
Fee | $0 per month |
Minimum deposit to open | $0 |
APY | Up to 3.75% |
---|---|
Fee | $0 per month |
Minimum deposit to open | $0 |
9.6 Excellent
APY | Up to 3.50% |
---|---|
Fee | From $0 per month |
Minimum deposit to open | $0 |
APY | Up to 3.50% |
---|---|
Fee | From $0 per month |
Minimum deposit to open | $0 |
9 Excellent
Fee | $0 per month |
---|---|
Card fee | $0 |
ATM withdrawal | $0 |
Fee | $0 per month |
---|---|
Card fee | $0 |
ATM withdrawal | $0 |
Varo is a top banking option, and unlike many other online accounts, Varo is directly insured by the FDIC. You’ll find most online accounts such as Chime, Current and Honeydue all have banking partners that insure and back the accounts, which can limit what products they offer, though insurance coverage is typically the same.
Overall, Varo’s account has a strong cashback rewards program and a 5% high APY on the savings account when you meet direct deposit requirements. For balances under $5,000, you can earn 5% APY, and for those over $5,000, you’ll earn 2.5% if you direct deposit at least $1,000 per month. The Visa Varo Believe card is a debit-credit card that can build credit history, but you’ll need a Varo account and must manually transfer money to the Varo Believe card to use it. Overall, Varo is a competitive product but not the best choice if you need a joint account or a bank with physical locations.
SoFi Plus is a new membership option for SoFi customers that’s free with qualifying direct deposits and earns extra rewards and higher APYs.
Bank of America is a dependable and accessible bank network, but keep an eye out for monthly fees compared to other options.
Zelle transfer limits vary by bank. Some of the banks with the highest Zelle limits include Capital One, SoFi, Chase, PNC and Wells Fargo.
Zelle users can no longer use its standalone app to send or receive money.
Capital One does work with Zelle and has one of the highest Zelle transfer limits available. See how to get started here.
Popular online bank SoFi is one of the only fintechs that works will Zelle, a peer-to-peer money transfer app.
Chime offers a competitive $100 referral bonus and a $100 direct deposit bonus when you meet certain requirements. See details here.
Many banks offer early direct deposit up to 2 days early, including SoFi, Chase, Chime, Discover, Huntington and many more. See the full list.
A financial app with cash advances, banking and budgeting tools.
Cardless cash provides a convenient way to use an ATM without their card. If you often go out without your wallet, or want to make it easier for family members to take out money, this is a feature that deserves a second look.