Find a Better Bank With Lower Fees

You want to get the most for your banking buck. Whether you’re looking to get the best possible yield on your savings account, or want a checking account that won’t charge you too much, make sure your money is in good hands.

The good news is that there are plenty of new options available for your banking needs. In addition to more traditional brick and mortar financial institutions, it’s also possible for you to manage your finances entirely online.

We’ve provided the details on a number of great checking and savings accounts below.

Aspiration

APY

0.25% - 1.00%
*

ACCOUNT MINIMUM

$0

Details

Aspiration offers an interest-bearing checking account with no monthly maintenance fees and no account minimum. ATM access is also free. You do need a minimum opening deposit of $10 to get started, but you don’t have a minimum balance to maintain after that. Aspiration prides itself on its social consciousness and giving program.

  • Types of accounts: high-yield checking
  • APY: 0.25% on accounts up to $2,499, 1.00% on account balances of $2,500 or more
  • Minimum opening deposit: $10
  • Account minimum: $0
  • Monthly service fees: $0
  • ATM fees: $0 (includes overseas ATMs)
  • Overdraft fee: $25
  • Debit card
  • Mobile banking app
  • FDIC insured

Aspiration

APY

0.10% - 1.00%
*

ACCOUNT MINIMUM

$0

Details

Ally is one of the oldest online banks. The bank offers a variety of checking and savings products, and doesn’t charge monthly maintenance fees. Ally also allows you to use any Allpoint ATM in the United States, and will reimburse you up to $10 per month for other ATMs used in the U.S.

  • Types of accounts: interest-bearing checking, savings, CDs, other banking services
  • Savings account APY: 1.00%
  • Checking account APY: 0.10% for balances of less than $15,000, 0.60% for balances of at least $15,000
  • Minimum opening deposit: $1
  • Account minimum: $0
  • Monthly service fees: $0
  • ATM fees: $0 at Allpoint ATMs, plus $10 a month reimbursement for other ATMs
  • Overdraft fee: $25
  • Debit card
  • Mobile banking app
  • Compatible with PopMoney
  • FDIC insured

Alliant

APY

0.65% - 1.00%
*

ACCOUNT MINIMUM

$0

Details

Alliant Credit Union is an online credit union that allows you to access to a credit union without having to worry about geography. You need to be a member of a qualifying company or organization or become a member of Foster Care to Success by donation. There are competitive yield-bearing accounts for checking and savings. There is also a monthly rebate for out-of-network ATMs.

  • Types of accounts: interest-bearing checking, savings, credit cards, other banking services
  • Savings account APY: 1.00%
  • Checking account APY: 0.65%
  • Minimum opening deposit: $0 (checking), $5 (savings)
  • Account minimum: $0 (checking), $5 (savings)
  • Monthly service fees: $0
  • ATM fees: $0 at in-network ATMs, plus $20 a month reimbursement for other ATMs
  • Overdraft fee: $25
  • Debit card
  • Mobile banking app, including remote check deposit
  • NCUA insured