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Our Nerds analyzed high-yield savings account rates, monthly fees, and more to find the best banks, credit unions, and accounts of 2023. While some winners may be partners, this didn't influence our decisions.
Check out the winners
Best Checking and Savings Combo
at SoFi Bank, N.A., Member FDIC
at SoFi Bank, N.A., Member FDIC
4.60%
With $0 min. balance for APY
$400
Up to $300 cash and $100 in rewards points. Terms apply.
4.60%
With $0 min. balance for APY
$400
Up to $300 cash and $100 in rewards points. Terms apply.
4.60%
With $0 min. balance for APY
$400
Up to $300 cash and $100 in rewards points. Terms apply.
Why our Nerds love it
SoFi’s combined account, with its high APYs and no monthly or overdraft fees, beat the competition.
Read our methodologyBest Savings Account
4.25%
With $0 min. balance for APY
4.25%
With $0 min. balance for APY
4.25%
With $0 min. balance for APY
Why our Nerds love it
Discover Bank’s Online Savings Account offers strong rates with no monthly fees or minimum balance requirements.
Read our methodologyBest Checking Account Overall
at SoFi Bank, N.A., Member FDIC
at SoFi Bank, N.A., Member FDIC
$0
0.50%
With $0 min. balance for APY
$400
Up to $300 cash and $100 in rewards points. Terms apply.
$0
0.50%
With $0 min. balance for APY
$400
Up to $300 cash and $100 in rewards points. Terms apply.
$0
0.50%
With $0 min. balance for APY
$400
Up to $300 cash and $100 in rewards points. Terms apply.
Why our Nerds love it
SoFi Checking and Savings is a free account with a strong interest rate. It also has no overdraft fees and is part of the nationwide Allpoint ATM network.
Read our methodologyBest Bank Account for Sign-Up Bonuses
at Chase, Member FDIC
at Chase, Member FDIC
$12.00
Waived with direct deposit or $1,500 minimum balance
$300
Requirements to qualify
$12.00
Waived with direct deposit or $1,500 minimum balance
$300
Requirements to qualify
$12.00
Waived with direct deposit or $1,500 minimum balance
$300
Requirements to qualify
Why our Nerds love it
You can earn a Chase bonus by signing up for Total Checking and receiving direct deposits; unlike many bonuses, there is no minimum deposit requirement.
Read our methodologyBest Checking Account with No Monthly Fee
at SoFi Bank, N.A., Member FDIC
at SoFi Bank, N.A., Member FDIC
$0
0.50%
With $0 min. balance for APY
$400
Up to $300 cash and $100 in rewards points. Terms apply.
$0
0.50%
With $0 min. balance for APY
$400
Up to $300 cash and $100 in rewards points. Terms apply.
$0
0.50%
With $0 min. balance for APY
$400
Up to $300 cash and $100 in rewards points. Terms apply.
Why our Nerds love it
SoFi’s Checking and Savings account has no monthly fees, minimum balance fees or overdraft fees, and customers can earn a strong interest rate.
Read our methodologyBest Checking Account for Overdraft Fee Avoidance
at SoFi Bank, N.A., Member FDIC
at SoFi Bank, N.A., Member FDIC
$0
0.50%
With $0 min. balance for APY
$400
Up to $300 cash and $100 in rewards points. Terms apply.
$0
0.50%
With $0 min. balance for APY
$400
Up to $300 cash and $100 in rewards points. Terms apply.
$0
0.50%
With $0 min. balance for APY
$400
Up to $300 cash and $100 in rewards points. Terms apply.
Why our Nerds love it
SoFi doesn’t charge overdraft fees and provides free overdraft transfer service. Overdraft coverage includes spotting up to $50 to cover a transaction.
Read our methodologyBest Online Banking Experience
at Capital One, Member FDIC
at Capital One, Member FDIC
4.25%
With $0 min. balance for APY
4.25%
With $0 min. balance for APY
4.25%
With $0 min. balance for APY
Why our Nerds love it
Capital One 360 has an easy-to-use website and high user ratings for its Android and iOS apps. It also has a high-yield online savings account with no monthly fees.
Read our methodologyBEST BANK OR CREDIT UNION FOR BRANCH ACCESS
$10.00
Waived with direct deposit or $500 minimum balance
$300
Requirements to qualify
$10.00
Waived with direct deposit or $500 minimum balance
$300
Requirements to qualify
$10.00
Waived with direct deposit or $500 minimum balance
$300
Requirements to qualify
Why our Nerds love it
Wells Fargo and Chase each have more branches — approximately 4,700 bank-owned branches nationwide — than any other U.S. financial institution.
Read our methodologyBest Bank or Credit Union for Branch Access
at Chase, Member FDIC
at Chase, Member FDIC
$12.00
Waived with direct deposit or $1,500 minimum balance
$300
Requirements to qualify
$12.00
Waived with direct deposit or $1,500 minimum balance
$300
Requirements to qualify
$12.00
Waived with direct deposit or $1,500 minimum balance
$300
Requirements to qualify
Why our Nerds love it
Wells Fargo and Chase each have more branches — approximately 4,700 bank-owned branches nationwide — than any other U.S. financial institution.
Read our methodologyBest Checking Account for High Interest
at SoFi Bank, N.A., Member FDIC
at SoFi Bank, N.A., Member FDIC
$0
0.50%
With $0 min. balance for APY
$400
Up to $300 cash and $100 in rewards points. Terms apply.
$0
0.50%
With $0 min. balance for APY
$400
Up to $300 cash and $100 in rewards points. Terms apply.
$0
0.50%
With $0 min. balance for APY
$400
Up to $300 cash and $100 in rewards points. Terms apply.
Why our Nerds love it
SoFi offers a strong interest rate on all balances for customers who set up direct deposit. There is also a solid baseline interest rate without direct deposit.
Read our methodologyBest Bank
4.25%
With $0 min. balance for APY
4.25%
With $0 min. balance for APY
4.25%
With $0 min. balance for APY
Why our Nerds love it
Ally hits the mark across the board with a strong set of accounts that have strong rates and no monthly fees: interest checking, high-yield savings and high-yield CDs.
Read our methodologyBest Bank or Credit Union for CDs
4.80%
$0
4.80%
$0
4.80%
$0
Why our Nerds love it
Synchrony tends to have consistently competitive rates compared to other online banks and credit unions and has no minimum deposit.
Read our methodologyBest Money Market Account
4.25%
With $0.01 min. balance for APY
4.25%
With $0.01 min. balance for APY
4.25%
With $0.01 min. balance for APY
Why our Nerds love it
Ally Bank’s Money Market Account shines with a competitive APY and no monthly fees or minimum balance requirements.
Read our methodologyBest Bank or Credit Union for ATM Access
$0
0.45%
With $0 min. balance for APY
$0
0.45%
With $0 min. balance for APY
$0
0.45%
With $0 min. balance for APY
Why our Nerds love it
Charles Schwab Bank offers unlimited ATM fee reimbursements worldwide and no foreign transaction fees.
Read our methodologyFrequently asked questions
- be longer than our Best-Of Awards list
- offer additional consumer choices
- get updated as products change or are discontinued and as new products emerge
This year's Best-Of-Awards list winners were chosen in mid-October 2022.
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