NerdWallet Best-Of Awards 2024

Smart decisions start with our list of top bank accounts

Our Nerds analyzed high-yield savings account rates, monthly fees, and more to bring you the best banks, credit unions, and accounts of 2024. While some winners may be partners, this didn't influence our decisions.

Check out the winning bank accounts

BEST CHECKING ACCOUNT OVERALL

SoFi Checking and Savings

at SoFi Bank, N.A., Member FDIC

Monthly fee

$0

APY

0.50%

With $0 min. balance for APY

Bonus

$400

Up to $300 cash and $100 in rewards points. Terms apply.

Why our Nerds love it
why nerds love it icon

SoFi Checking and Savings has no monthly fee, no minimum balance fee, no overdraft fees and a strong interest rate. Customers also have free access to the nationwide Allpoint ATM network.

Read our methodology

BEST ONLINE BANKING EXPERIENCE

APY

4.25%

With $0 min. balance for APY

Why our Nerds love it
why nerds love it icon

Discover Bank offers an easy, user-friendly experience on its site, and its apps are well-rated. Information is straightforward, and requirements and policies for its highly rated, online checking and savings accounts are clearly stated.

Read our methodology

BEST SAVINGS ACCOUNT

UFB Secure Savings

at UFB Direct, Member FDIC

APY

5.25%

With $0 min. balance for APY

Why our Nerds love it
why nerds love it icon

UFB Direct’s savings account offers strong rates with no monthly fees or minimum balance requirements.

Read our methodology

BEST ACCOUNT FOR A SIGN-UP BONUS

Chase Total Checking®

at Chase, Member FDIC

Monthly fee

$12.00

Waived with direct deposit or $1,500 minimum balance

Bonus

$300

Requirements to qualify

Why our Nerds love it
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Chase offers a strong bonus for opening a new Total Checking account and setting up direct deposit. Unlike other banks offering promotions, Chase doesn't have a minimum deposit requirement to earn the bonus.

Read our methodology

BEST BANK OR CREDIT UNION FOR BRANCH ACCESS

Chase Total Checking®

at Chase, Member FDIC

Monthly fee

$12.00

Waived with direct deposit or $1,500 minimum balance

Bonus

$300

Requirements to qualify

Why our Nerds love it
why nerds love it icon

With more than 4,700 locations available nationwide, Chase offers more branches than any other financial institution in the country.

Read our methodology

BEST CHECKING ACCOUNT FOR OVERDRAFT FEE AVOIDANCE

SoFi Checking and Savings

at SoFi Bank, N.A., Member FDIC

Monthly fee

$0

APY

0.50%

With $0 min. balance for APY

Bonus

$400

Up to $300 cash and $100 in rewards points. Terms apply.

Why our Nerds love it
why nerds love it icon

SoFi Checking and Savings doesn’t charge overdraft fees, and customers can opt in to free overdraft protection transfers that pull from their savings balance. Customers can also qualify for overdraft coverage that allows them to overdraw up to $50 for free.

Read our methodology

BEST BANK OR CREDIT UNION FOR ATM ACCESS

Monthly fee

$0

APY

0.45%

With $0 min. balance for APY

Why our Nerds love it
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Charles Schwab Bank gives customers unlimited ATM fee rebates worldwide and doesn’t charge any foreign transaction fees.

Read our methodology

BEST BANK

APY

4.20%

With $0 min. balance for APY

Why our Nerds love it
why nerds love it icon

Ally Bank has it all with strong rates and no monthly fees across accounts: interest checking, high-yield savings and competitive CDs. The bank offers fee-free overdraft programs and automatic savings programs.

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BEST MONEY MARKET ACCOUNT

APY

5.30%

With $0.01 min. balance for APY

Why our Nerds love it
why nerds love it icon

Vio Bank’s money market account earns a competitive annual percentage yield and has no monthly fees.

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BEST BANK OR CREDIT UNION FOR CDS

APY

4.50%

Minimum Deposit

$0

Why our Nerds love it
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Ally has competitive rates and a variety of terms and types of certificates of deposit, including no-penalty and bump-up CDs. There are no minimum opening requirements.

Read our methodology

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