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.
Earn up to 4.30% APY on savings and $50 or $300 with direct deposit. Open a new SoFi Checking and Savings account by 31 January 2026, set up eligible direct deposit within 60 days, and maintain direct deposit for six months. T&Cs apply.
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 3.60% 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
3.60%
Fee
$0 per month
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 3.60% 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.
Pros
No monthly fees or minimum balance
Up to 3.60% APY on savings
0.50% APY on checking
SoFi Vaults for organizing savings goals
Cons
Highest savings APY has requirements
Online only
Annual Percentage Yield (APY)
Up to 3.60%
Intro or bonus offer
Earn up to 4.30% APY on savings and $50 or $300 with direct deposit. Open a new SoFi Checking and Savings account by 31 January 2026, set up eligible direct deposit within 60 days, and maintain direct deposit for six months.
Rewards
Earn $50 or $300 when you sign up and set up eligible direct deposit. Terms apply. These offers are available until January 31, 2026.
Fee
$0 per month
ATM transaction fee
$0
Overdraft fee
$0
Foreign transaction fee
0%
New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.
SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet
We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/.
SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.
We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time.
Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
Overdraft Coverage is a feature automatically offered to SoFi Checking and Savings account holders who receive at least $1,000 or more in Eligible Direct Deposits within a rolling 31 calendar day period on a recurring basis. Eligible Direct Deposit is defined on the SoFi Bank Rate Sheet, available at https://www.sofi.com/legal/banking-rate-sheet. Members enrolled in Overdraft Coverage may be covered for up to $50 in negative balances on SoFi Bank debit card purchases only. Overdraft Coverage does not apply to P2P transfers, bill payments, checks, or other non-debit card transactions. Members with a prior history of unpaid negative balances are not eligible for Overdraft Coverage. Eligibility for Overdraft Coverage is determined by SoFi Bank in its sole discretion. Members can check their enrollment status, if eligible, at any time by logging into their account through the SoFi app or on the SoFi website.
Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Enroll in SoFi Plus between 9/18/25 and 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/sofi-plus SoFi Bank, N.A. Member FDIC.
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
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.
Pros
$0 monthly fees
Up to 3.35% APY
Autosave perks and savings subaccounts
Overdraft protection
Cons
No joint accounts
Limited phone support
Direct deposit or balance requirements for best perks
Annual Percentage Yield (APY)
3.35% on balances of $5,000 to $250,000 1.00% on balances of $0 to $4,999 1.00% on balances of $250,001+
Intro or bonus offer
For a limited time, earn 10% cash back at Walmart on your first purchase made within your first month, on up to $200 spent.
Rewards
Earn 3% cash back at Walmart on up to $150 spent per month, with eligible deposits.
Fee
$0 per month
Overdraft fee
$0
Foreign transaction fee
0%
For a limited time, earn 10% cash back at Walmart on your first purchase made within your first month, on up to $200 spent. OnePay is a financial technology company, not a bank. Banking services provided by Coastal Community Bank or Lead Bank, Members FDIC. 10% cash back at Walmart: Only available to customers who initiate their account application through certain channels from 3/21/25 - 1/31/26. Cash back earned as OnePay Points. See terms at onepay.com/10percent. 3% cash back at Walmart: Cash back is earned as OnePay Points, redeemable into a OnePay Cash account or other available options. Only available to customers who unlock OnePay Cash+ with eligible deposits. Customers can choose to earn on gas instead of at Walmart. Spend cap applies to your total spend across the cash back categories you selected during the month. See OnePay Rewards Terms. Early Pay: Get paid up to 2 days early. Direct Deposit is required. Funds may be available up to 2 days in advance, depending on when your employer sends paycheck data. 3.35% APY on Savings with eligible deposits: 3.35% annual percentage yield (APY) applies to the Savings balance of OnePay Cash accounts that have either (i) received $500+ of Direct Deposit in the current or previous month or (ii) have a balance of $5,000+ at the end of the previous month. 3.35% APY is also earned on Pay Autosave balances without deposit or balance requirements. 3.35% APY is limited to a total Savings balance of up to $250,000. All other Savings balances will earn 1.00% APY. APYs are as of 10/7/2025, but may change at any time before or after account opening. ATM: Only applies to OnePay Cash accounts that have either (i) received Direct Deposit totaling $500+ in the current or previous month, or (ii) have a balance of $5,000+ at the end of the previous month. For all other ATM transactions the OnePay ATM Fee will apply and third-party ATM fees may be incurred. Fee-Free Overdraft: Fee-Free Overdraft is available to OnePay Cash accounts that have either (i) received Direct Deposits totaling $500+ in the current or previous month, or (ii) have a balance of $5,000+ at the end of the previous month. You must be 18 or older. When on, Savings Backup will be used before Fee-Free Overdraft. Overdraft balance is due right away. Eligible transactions are at the discretion of OnePay and may exclude certain transactions (e.g., bill pay, global transfers). See details.
Get a $100 referral bonus by inviting your friends to join Current. Once the person receives the invite link, applies your unique referral code, and makes qualifying Eligible Payroll Deposits of at least $200 within 45 days of opening the account, you and the referred friend each earn $100. T&Cs apply.
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
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.
Pros
No monthly fee or opening deposit requirement
4.00% bonus on up to $2,000 in each savings pod with direct deposits
Cash back at Walmart with activity requirements
Builds credit history with the Current Build card
Cons
No joint accounts
$3 plus 3% on international ATM withdrawals
Annual Percentage Yield (APY)
4.00% on balances of $0.01 to $2,000
Intro or bonus offer
Get a $100 referral bonus by inviting your friends to join Current. Once the person receives the invite link, applies your unique referral code, and makes qualifying Eligible Payroll Deposits of at least $200 within 45 days of opening the account, you and the referred friend each earn $100.
Rewards
Earn up to 15x the points when you use your debit card at one of 14,000+ participating merchants
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% APY on savings, 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 3.5% APY on savings and up to 6% in cashback offers. However, GreenFi doesn't accept cash deposits.
APY
Up to
3.50%
Fee
From $0 per month
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% APY on savings, 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 3.5% APY on savings and up to 6% in cashback offers. However, GreenFi doesn't accept cash deposits.
Pros
Free membership plan available
Recycled card options
3% to 6% cashback rewards
1% to 3.5% APY on savings
High FDIC insurance up to $1.25 million
Cons
Best perks require paid membership
No cash deposits
$10 opening deposit
Annual Percentage Yield (APY)
3.50% on balances of $0 to $10,000 1.00% on balances of $0 to $10,000
Rewards
Unlimited cash back rewards on debit card transactions, plus extra cash back at businesses with high AIM scores
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 4.31% 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
4.31%
Fee
$0 per month
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 4.31% 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.
Pros
$0 monthly fees
High APYs
95,000 fee-free ATMs
Early direct deposit
24/7 customer support
Cons
Requirements to earn best rates
Online only
Annual Percentage Yield (APY)
4.31% on balances of $0+ 1.00% on balances of $0+ 0.51% on balances of $0+
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
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.
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
Hot tip: If you prefer in-person support but still want a hybrid account, PNC Bank has physical branches and a hybrid account called Virtual Wallet. On the downside, the account isn't available in all states.
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.
Is the PNC Virtual Wallet account a hybrid account?
Yes, it is. The PNC Virtual Wallet has four account options, each with varying monthly fees and APYs. However, the account is only available in 21 states.
The HSBC Hybrid Checking Account isn’t a classic hybrid “savings and checking” account like the others we’ve discussed. That HSBC account is a business account that combines an Earnings Credit Rate with credit interest.
Can I open a hybrid account with bad credit?
Probably, but it depends on the bank. Deposit accounts, including checking, savings and certificates of deposit, aren’t lines of credit, so your credit rating isn’t super relevant. For a regular deposit account, a bank isn’t likely to perform a hard credit pull.
However, many banks will use a bureau, like ChexSystems, to review your banking history, and a poor banking history could impact your ability to open a new account. If you’re in that boat, consider second-chance bank accounts.
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
491
Finder guides across topics including:
Instant sign-up bonuses with no deposit are not typically offered. However, these bank account bonuses have easy requirements.
Advertiser disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
