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Best Banks for Checking and Savings Accounts 2017

Banking, Checking Accounts, Savings Accounts
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We researched dozens of banks and credit unions to find those with the best checking and savings accounts. Six of those financial institutions earned spots in both NerdWallet’s best checking and best savings roundups.

These banks’ savings options have high annual percentage yields and low fees, while their checking accounts keep fees to a minimum and offer stellar customer service and extensive ATM networks.

The following banks are good options for people who want to keep their checking and savings accounts under the same roof without sacrificing quality.

ALLY BANK
Ally+Bank
Learn more
at Ally
Overall bank rating:

4.0 stars out of 5

CAPITAL ONE 360
Capital+One
Read full review
on NerdWallet
Overall bank rating:

4.5 stars out of 5

CHASE BANK
Chase
Learn more
at Chase Bank
Overall bank rating:

3.5 stars out of 5

BANK OF INTERNET USA
Bank+of+Internet
Learn more
at Bank of Internet
Overall bank rating:

4.0 stars out of 5

Alliant Credit Union
Alliant+Credit+Union
Learn more
at Alliant
Overall bank rating:

4.5 stars out of 5

DISCOVER BANK
Discover
Learn more
at Discover
Overall bank rating:

4.5 stars out of 5

Ally Bank

Interest Checking and Online savings

NerdWallet has rated this bank:

Ally+Bank
Learn more
at Ally
Ally, an online bank, doesn’t have branches, but that doesn’t mean it’s hard to reach. Customers can get help over the phone 24 hours a day, seven days a week, and can also use a live chat service on Ally’s website. The bank makes good use of Facebook and Twitter to offer additional support.

Ally’s Interest Checking Account offers free access to around 43,000 ATMs and doesn’t charge monthly fees. As its name suggests, the account pays interest, although gains for balances below $15,000 will be modest. For better rates, you’ll want to turn to Ally’s Online Savings Account, which has an APY of 1.25% and doesn’t charge a monthly fee. (Read our Ally review for further insights.)

Chase Bank

Total Checking® and Chase Savings℠

NerdWallet has rated this bank:

Chase
Learn more
at Chase Bank
New Total Checking® customers who use direct deposit qualify for a sign-up bonus of $200 (expires 1/18/2018). Receiving at least $500 in monthly direct deposits in your account also can help you avoid the $12 monthly maintenance fee. Other ways to bypass the fee include either keeping a minimum daily balance of $1,500 in your checking account or maintaining an average daily balance of at least $5,000 across eligible Chase accounts and investments.

New Chase Savings℠ customers who maintain a balance of at least $10,000 for 90 days can secure a welcome bonus of $150. The offer expires 1/18/2018. Chase’s 0.01% APY isn’t quite as impressive (effective 9/18/2017; interest rates are variable and subject to change).

The national bank has about 5,100 branches and more than 16,000 ATMs, making it a good option for customers looking to visit a teller every so often. (Read our Chase review.)

Bank of Internet USA

Rewards Checking And Smart Savings

NerdWallet has rated this bank:

Bank+of+Internet
Learn more
at Bank of Internet
With Rewards Checking, you can earn up to 1.25% APY with monthly direct deposits of $1,000 or more and at least 15 monthly debit card purchases worth a minimum of $3 each. If you don’t meet one of those requirements, you still could qualify for an APY of around 0.5%.

There are no monthly maintenance or overdraft or nonsufficient-funds fees, and the bank offers unlimited domestic ATM fee refunds. The Smart Savings account earns 1.05% APY. (Read our Bank of Internet USA review.)

Alliant Credit Union

High-Rate Checking and High-Rate Savings

NerdWallet has rated this bank:

Alliant+Credit+Union
Learn more
at Alliant
Many credit unions restrict membership to people who live in certain communities or work for particular companies. That’s not so at Alliant, where you can become a member by making a one-time donation of $10 to an affiliated nonprofit if you don’t meet its other requirements.

You can qualify for High-Rate Checking, and by extension an APY of 0.65%, if you enroll in electronic statements and have at least one electronic deposit made to your account each month, including a direct, ATM or mobile deposit or a transfer from another bank or credit union. Alliant offers 80,000 free ATMs and reimburses up to $20 per month for out-of-network ATM surcharges. Its savings account earns 1.16% APY on balances of at least $100.

The credit union has only about 10 branches spread across the country and doesn’t participate in shared branching, so you’ll have to do the majority of your banking online, which includes Alliant’s mobile app. (For more details, here’s our Alliant review.)

Capital One 360

360 checking and 360 Money Market

NerdWallet has rated this bank:

Capital+One
Read full review
on NerdWallet
Capital One’s interest-bearing checking account comes with nearly 40,000 fee-free ATMs. It also takes out some of the pain of overdrawing. Although the default option is having the bank decline the transaction (and charge no fee), there are a couple of alternatives. You can have the bank automatically pull funds from a linked 360 Savings Account — at no cost — when your checking balance is running low. Or you can link your checking account to an overdraft line of credit, where Capital One charges interest on the overdrawn amount at an annual rate of 12.25%. The actual fee will, therefore, depend on how much money the bank lends you, but it should be well below what most other banks charge.

Capital One’s 360 Money Market pays an APY of 0.60% on balances up to $9,999 and 1.30% on balances above that amount. Your other savings option, 360 Savings, has a 0.75% APY. Neither account charges monthly fees.  (See how we rate other aspects of Capital One 360.)

Discover Bank

CASHBACK CHECKING AND ONLINE SAVINGS

NerdWallet has rated this bank:

[Editor’s note, Nov. 6, 2017: Discover is not currently accepting applications for its checking account, although you can add your name to a list for notification when the product is again available. Check this space for updates.]

Discover
Learn more
at Discover
Discover’s Cashback Checking account gives customers access to over 60,000 free ATMs and cash back on certain purchases. But the bank is tweaking its rewards system, so you can’t apply for a Cashback Checking account right now. You can, however, submit your name and email address on the bank’s website to be notified when the revamped account is available.

Depositing cash will be a challenge, as you can only do it only at Discover’s lone branch in Delaware. The bank’s savings account has an APY of 1.20% and it doesn’t charge monthly fees.

(See how Discover rates for CDs, customer service and more.)


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