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5 Best Savings and Checking Hybrid Accounts

Crave BOGOs, two-for-ones and twofers? Compare the best hybrid bank accounts we could find.

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By

Bethany Hickey

Edited by

Holly Jennings

Updated

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Hybrid bank accounts get you two bank accounts in one, usually a savings and checking combo. With hybrid accounts, there’s one application, one login and one app, and you can move money between accounts easily. Most hybrid accounts are offered by online banks, so you’ll have to be OK with digital banking.

You have plenty of hybrid accounts to compare, including SoFi Checking and Savings, OnePay and Current.

Best checking and savings combo accounts

Best overall

SoFi Checking and Savings

9 Excellent

Earn up to 3.80% APY on savings and $50 or $400 with direct deposit. Open a new SoFi Checking and Savings account by 31 December 2026, set up eligible direct deposit within 60 days, and maintain direct deposit for six months. T&Cs apply.
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on SoFi's secure site
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One of the top hybrid accounts out there, SoFi's Checking & Savings account gets you savings and checking with no monthly fees or opening deposit requirements. Earn up to 3.10% APY on savings and 0.50% on checking. To get the best savings APY, you'll need to set up direct deposit, or deposit at least $5,000 per month, or pay $10 per month for SoFi Plus. Aside from the high rates, you can also create Vaults to organize savings goals, check out overdraft protection and coverage, enjoy high FDIC insurance and much more.
APY Up to 3.10%
Fee $0 per month

Best for credit building

Current

9.2 Excellent

Set up a direct deposit of $1,500 or more and earn a $75 bonus. T&Cs apply.
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on Current's secure site
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Current offers savings and checking in an all-in-one account, and it also provides credit-building opportunities. Current has no monthly fees, overdraft fees or minimum balance requirements. Create up to three savings Pods and earn up to 4.00% annually on up to $2,000 in each Pod when you direct deposit $200 or more each month. You can use Current's Visa Debit Card for everyday use, or you can pair the account with the Current Build card to help build credit history with no annual fees or interest charges. But Current doesn't support joint accounts.
APY 4.00%
Fee $0 per month

Best for ATM access

Axos ONE

8.4 Great

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Axos offers multiple checking and savings products, and the Axos ONE account stands out. It's a hybrid savings and checking account with $0 monthly fees and no minimum balances or overdraft fees. Access early direct deposit, a very large fee-free network of over 95,000 ATMs and earn up to 4.21% APY on your savings balance and up to 0.51% APY on your checking balance. But to earn the best APYs for the account, you'll need to meet some deposit and balance requirements. You either need to direct deposit at least $1,500 each month and hold an average daily balance of at least $1,500 in checking, or deposit at least $5,000 per month and hold an average daily balance of at least $5,000 in checking.
APY Up to 4.21%
Fee $0
Minimum deposit to open $0

Best for Walmart shoppers

OnePay Cash

9.6 Excellent

For a limited time, earn 10% cash back at Walmart on your first purchase made within your first month, on up to $200 spent. T&Cs apply.
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OnePay Cash is a free, hybrid account with pockets to organize your spending and savings, and it offers extra perks for Walmart shoppers. If you're a OnePay Cash+ customer (requires $500+ direct deposit or $5,000 balance), you get fee-free Allpoint ATM withdrawals, overdraft protection and cash back at Walmart. You'll earn up to 3% cash back on up to $150 spent per month on purchases from US Walmart locations, the Walmart app or Walmart.com. You can also earn up to 3.35% APY on your savings by maintaining a daily account balance of $5,000. But on the downside, it doesn't support joint accounts and phone support is limited.
APY Up to 3.35%
Fee $0 per month

Best eco-friendly account

GreenFi Account (formerly Aspiration Spend & Save)

8.4 Great

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GreenFi (formerly Aspiration Spend & Save) offers a hybrid savings and checking account. It focuses on eco-friendly features, like the Plant Your Change program. GreenFi plants a tree for every dollar you round up. There's a $0 monthly fee, or Plus for $7.99 per month. The no-fee plan has plenty of features, including up to 1.00% to 0.25% APY on savings (depending on spending), up to 3% cashback offers, high FDIC insurance up to $1.25 million, the ability to view a sustainability score and early direct deposit. GreenFi cards are made with 80% pre-consumer recycled content (PVC). If you pay for Plus, you'll also get up to 3.25% APY on savings and up to 6% in cashback offers. However, GreenFi doesn't accept cash deposits.
APY Up to 3.25%
Fee From $0 per month

Methodology: How we chose the best hybrid checking and savings accounts

Finder’s banking experts compared dozens of savings and checking accounts to find the best options that support hybrid banking. To be considered on this list, accounts had to meet these minimum criteria:

  • Offers checking and savings hybrid account
  • FDIC or NCUA insured
  • Offers an online application
  • Available in all 50 states

Hot tip

Traditional banks like Chase, Bank of America and Wells Fargo still offer checking and savings separately. Most hybrid accounts are offered by online banks or fintech companies.

Pros and cons of hybrid bank accounts

Pros

  • Many don't charge monthly fees
  • One application for two accounts
  • Known for high APYs
  • Often come with unlimited transfers between checking and savings

Cons

  • Most hybrid accounts are online only
  • Cash deposits may not be available
  • Typically have requirements to earn best rates

How do hybrid savings and checking accounts work?

Hybrid bank accounts typically combine features of checking and savings into a single account. This means you’ll get two accounts with one application, and the two accounts are “tied” together. However, it also means you can’t close one without closing the other.

Aside from that, hybrid bank accounts work the same as regular savings and checking accounts. They’re also deposit accounts, so they’re covered under FDIC insurance.

The features of a hybrid account will depend on the bank itself, but you can expect classic features like:

Alternatives to savings and checking hybrid accounts

Don’t want an all-in-one account or an account from a digital bank? Compare these alternatives.

  • Chase Bank. Chase has the largest branch network in the US, with over 4,700 locations, making it ideal for those who prefer the in-person support of a full-service, traditional bank. However, its rates on savings products are historically low.
  • Bank of America. BofA is another traditional bank with over 3,700 locations and plenty of checking and savings accounts to choose from.
  • Ally Bank. Ally is an online bank with separate checking and savings accounts. Its deposit accounts have no monthly fees or deposit requirements, and its APYs are competitive.

Bottom line

Hybrid savings and checking accounts are ideal for those who are comfortable with online banking and want fewer accounts to juggle. Many don’t charge any monthly fees, and since they’re usually from online banks, their APYs tend to be very competitive.

Compare more bank account options if those weren’t the right fit.

Frequently asked questions

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To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.
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Written by

Banking editor

Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto. Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt. Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others. Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio

Bethany's expertise
Bethany has written 460 Finder guides across topics including:
  • Personal finance
  • Banking
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