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finder.com’s rating: 4.8 / 5.0
★★★★★
OnJuno is a digital checking account that earns up to 2.15% APY — more interest than most high-yield savings accounts. Plus, you can earn 5% cashback from five merchants of your choice, up to $500 a year for Basic plan members or $3,000 a year for Metal plan members.But OnJuno doesn’t support joint accounts and your APY drops to 0.25% once your balance hits $5,000 on the Basic plan or $30,000 on the Metal plan.
From $0 per month
Fee
Up to 2.15%
APY
$0
Minimum deposit to open
APY | 2.15% on balances of $0 to $30,000 with a $9.99 monthly fee 0.25% on balances of $30,000.01+ |
---|---|
Fee | From $0 per month |
Minimum deposit to open | $0 |
Intro or bonus offer | Metal checking is free for the first 6 months |
ATMs | more than 85,000 ATMs nationwide |
ATM transaction fee | $0 |
ATM fee rebates | get one non-network ATM reimbursements on the Basic plan and three reimbursements on the Metal plan |
Out-of-network ATM fee | $0 |
Foreign transaction fee | 0% |
Nonsufficient funds fee | $0 |
Review by
Cassidy Horton is a writer for Finder, specializing in banking and investments. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Cassidy enjoys educating people about financial services, exploring the Pacific Northwest and watching endless reruns of The Office.
We have yet to see a digital checking account that earns more rewards than OnJuno. You earn up to 2.15% APY, plus 5% back on up to $3,000 in debit card purchases depending on which membership tier you choose.
You have the freedom to choose which five brands earn you cashback. And if you’re not happy with your choices, you can switch them up once a month, no sweat. Unlike credit cards that have complicated points-systems, this cashback is deposited directly into your account each month.
OnJuno is best for anyone who’s tech-savvy and feels comfortable managing a digital bank account online. There are a two membership tiers: a free Basic tier and a paid Metal tier. But you can actually get the Metal tier for free when you set up direct deposits.Name | Monthly price | Benefits | Minimum deposit to open |
---|---|---|---|
Metal | $9.99 — Free for first 6 months $0 with direct deposit |
| $0 |
Basic | Free |
| $0 |
Here are two examples to show how much you could earn with OnJuno.
Example 1: You keep a $3,500 account balance and spend $1,000 a year with your five favorite brands. Notice how you earn the most money with the free plan after you deduct fees.
Metal | Basic | |
---|---|---|
APY | $3,500 x 2.15% = $75.25 | $3,500 x 2.15% = $75.25 |
Cash back | $1,000 x 5% = $50 | $500 x 5% = $25 |
Subtotal | $125.25 | $100.25 |
Total earned after annual fees | $5.37 | $100.25 |
Example 2: You keep a $10,000 account balance and spend $3,000 a year with your five favorite brands. In this scenario, you’ll earn the most money with the Metal plan — even after fees.
Metal | Basic | |
---|---|---|
APY | $10,000 x 2.15% = $215 | $10,000 x 2.15% = $120 |
Cash back | $3,000 x 5% = $150 | $500 x 3% = $25 |
Subtotal | $365 | $145 |
Total earned after annual fees | $245.12 | $145 |
If you’re looking for an account that earns a high rate without the monthly costs, check out these top high interest checking accounts.
Open an OnJuno using these steps:
Open an OnJuno account when you meet these requirements:
Have this information ready when it’s time to open your account:
This FDIC-insured bank account has mobile banking, a free debit card and these unique perks:
There are several ways to access your funds with OnJuno:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.