Best Banks of June 2025

With thousands upon thousands of banks, neobanks, credit unions, and financial technology (fintech) platforms offering bank accounts, it can be hard to choose one. That's why we've done the research to find seven of the top options today.

The best banks keep fees to a minimum (and put the ones they do charge out in the open), offer money-saving benefits like interest or rewards, provide strong account options, and come with platforms that are as user-friendly and functional as they are packed with helpful features. Depending on how you like to bank, you might also want benefits like in-person access or accounts for kids and teens.

SoFi®, Discover® Bank, and Chime®¹¹ <p class="">Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A.; Members FDIC.&nbsp;<br></p> offer online banking advantages and uniquely competitive accounts. If you prefer a more traditional banking experience, we might recommend Chase Bank or Capital One 360. Learn more about each of these and the other top banks we've identified.

How we evaluate products

We know checking and savings accounts can be critical tools for managing your money. They're one of the financial tools you use the most. That's why the features offered by a bank matter so much and we've taken that into consideration in our evaluations.

We consider the annual percentage yield (APY), account features, minimum opening balance required, fees, customer service, and FDIC insurance. The best banks also offer a variety of account types and the support you need to you make the most of your money. 

We intensively research all products and services we review, and our team members personally use a wide array of financial products. Our product rankings and scores are based on objective measurements and product features as well as expert opinions from our editorial team.

Compare top banks and financial technology companies

	Best for	Accounts
Discover	Checking	Checking Savings Certificates of deposit (CDs) Money market accounts (MMAs)
Chase Bank	In-person banking	Checking Savings CDs Banking for kids and teens
SoFi	Saving	Combined checking and savings
Chime	No credit check to apply	Checking Savings
Current	Young adults	Personal Current accounts Teen accounts
Axos Bank	All-in-one banking	Checking Savings CDs Banking for kids and teens
Capital One 360	Fee-free banking	Checking Savings CDs Banking for kids and teens

Discover

Why bank with Discover? Because this bank offers one of the most rewarding checking accounts in the game, Discover® Cashback Debit Account.¹² <p>See <a href="https://www.discover.com/content/dam/dfs/online-banking/documents/NationalDepositAccountAgreement.pdf">Deposit Account Agreement</a> for details on transaction eligibility, limitations, and terms.</p> It earns 1% cash back¹³ <p>Earn 1% cash back on up to $3,000 in debit card purchases each month. See Deposit Account Agreement for details on transaction eligibility, limitations and terms. Deposit Account Agreement can be found at <a href="https://www.discover.com/content/dam/dfs/online-banking/documents/NationalDepositAccountAgreement.pdf">https://www.discover.com/content/dam/dfs/online-banking/documents/NationalDepositAccountAgreement.pdf</a>.</p> on debit card purchases up to $3,000 each month, without limitations or expiration. Applying won't impact your credit, and there's no minimum to open.

With Discover banking products, you don't have to worry about monthly fees or fees for insufficient funds or overdrafts. The digital bank's savings accounts and CDs are also worth opening, especially if you choose this bank for checking and want the ease of checking your balances and moving funds in one place.

Unfortunately, this account's major disadvantage is that you can only earn cash back if you use your debit card. If you don't use your card, maybe because you prefer to reach for a credit card to earn points, it doesn't earn anything (although it's still a fee-free checking account).

Visit Discover | Read our Discover® Bank review or Discover checking review

Chase Bank

If you're the type of person who likes to stroll into your local bank branch on a regular basis, or you at least know you have the option to do that, Chase Bank is going to be the bank we'd pick for you. It's the largest commercial bank by asset size, with in-person branches in 48 states and Washington, D.C.

Chase Total Checking is one of the bank's strongest offerings, offering overdraft protection without fees and Zelle access. The account isn't perfect, charging a $12 monthly maintenance fee and generally lacking a lot of checking features we've come to expect in online banking (like early direct deposit). But there are a few ways to waive the fee.

This is the only account on our list that would allow you to walk into a branch location to get support if you ever needed to withdraw money, ask a question, or otherwise get help.

Visit Chase Bank | Read our Chase Bank review

SoFi®

SoFi® has one account that offers far more value than you're probably used to seeing from a single account. For starters, SoFi Checking and Savings earns 0.50% (as of 01/24/25) APY on checking balances and up to 3.80% APY on savings balances with qualified direct deposit (or 1.00% (as of 01/24/25) APY on savings balances without direct deposit).¹⁶ <p>SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet">http://www.sofi.com/legal/banking-rate-sheet</a>. See the SoFi Plus Terms and Conditions at <a href="https://www.sofi.com/terms-of-use/#plus">https://www.sofi.com/terms-of-use/#plus</a>.</p> That means your entire balance can qualify to earn interest, without the need to open multiple accounts. We chose SoFi for our list of the best bank options for the competitive interest on savings and convenience it provides.

SoFi® also doesn't charge monthly service² <p>We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a></p> or overdraft fees for the account,¹⁷ <p>Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with Eligible Direct Deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A.&nbsp; The 30-Day Evaluation Period refers to the "Start Date" and "End Date" set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the "30-Day Evaluation Period"). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking &gt; Savings &gt; Current APY or (ii) Banking &gt; Checking &gt; Current APY.&nbsp; Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage.</p> and you can set up Vaults to designate money for different savings goals. It's an all-around good choice for saving more money and making more money.

But to get the most out of this account, we strongly recommend enrolling in direct deposit. If you can't, you may be better off opening separate checking and savings accounts elsewhere. If you can, this is a compelling option that's jam-packed with free perks.

Visit SoFi® | Read our SoFi® review

Chime®

We like Chime for everyone, but we especially like it for people with checkered banking pasts. If you want to avoid a credit check when applying for a new account, Chime offers second-chance banking and ongoing benefits for helping you to make ends meet and get financially healthier. Chime Checking provides perks like SpotMe® overdraft up to $200 for eligible members¹⁹ <p>SpotMe® on Debit is an optional, no fee overdraft service attached to your Chime Checking Account. To qualify for the SpotMe on Debit service, you must receive $200 or more in qualifying direct deposits to your Chime Checking Account each month and have activated your physical Chime Visa® Debit Card or secured Chime Credit Builder Visa® Credit Card. Qualifying members will be allowed to overdraw their Chime Checking Account for up to $20 on debit card purchases and cash withdrawals initially but may later be eligible for a higher limit of up to $200 or more based on Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. The SpotMe on Debit limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime's sole discretion. Although Chime does not charge any overdraft fees for SpotMe on Debit, there may be out-of-network or third-party fees associated with ATM transactions. SpotMe on Debit will not cover any non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. <a href="https://www.chime.com/policies/">SpotMe on Debit Terms and Conditions</a>.</p> , one of the best overdraft programs we've found because it's relatively easy to qualify for and potentially increase your limit.

Chime High-Yield Savings Accounts²⁰ <p class="">Chime Checking Account is required to be eligible for a Savings Account.<br></p> offer automated savings features to help you save more. You can set up your account to automatically transfer a percentage of your direct deposit paycheck to your savings¹⁰ <p>Save When I Get Paid automatically transfers 10% of your direct deposits&nbsp;of $1 or more from your Checking Account into your savings account.</p> and/or have every debit card transaction you make rounded up to the nearest dollar, with the difference transferred to your savings.²¹ <p class="">Round Ups automatically round up debit card purchases to the nearest dollar and transfer the round up from your Chime Checking Account to your savings account.&nbsp;<br></p>

On top of its no-credit-check banking, one thing that makes Chime stand out is its distinct lack of fees. Sure, there are some, but you won't get any of the common ones, such as monthly fees and overdraft fees.⁶ <p>There’s no fee for the Chime Savings Account. Cash withdrawal and Third-party fees may apply to Chime Checking Accounts. You must have a Chime Checking Account to open a Chime Savings Account.</p>

Visit Chime Checking | Read our Chime review

Current

Current is an online-only banking service²³ <p><b>Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC.</b>.</p> that offers one type of account, available to both adults and teens.

We chose it for this list because Current teen accounts aren't quite like any other accounts we've analyzed. While many of its features are available in many bank accounts for kids and teens, including debit cards, ATM access, and parental controls, Current doesn't require a monthly fee and is geared more toward teens than kids.

Its teen accounts provide benefits like:

• The ability for parents to block merchants and set spending limits
• Automated chores and allowance
• The option for multiple adults to contribute funds to accounts

Visit Current | Read our Current review

Axos Bank

If you like online banking and want to stick with one institution, we suggest Axos Bank. This online-only institution has made a name for itself in the checking space, with six stand-out accounts to choose from, but it also offers multiple solid savings products. It even provides checking and savings options for kids.

If you want a high interest rate on your checking account, the Axos Bank Rewards Checking account offers APY rates up to 3.30%.²⁷ <p>APY means Annual Percentage Yield. APY is accurate as of June 7, 2024. Interest rate and APY may change after initial deposit depending on the terms of the specific product selected. Minimum opening deposit is $0.</p> ²⁸ <p class="">The Annual Percentage Yield (APY) is accurate as of 3/22/2024. Rewards Checking accounts are eligible to receive APY reward when criteria is met. The account must be in an open and active status on the last business day of the statement cycle to receive the reward. All daily collected balances up to and including $50,000 will earn interest based on the combined rate rewards. All daily collected balances greater than $50,000 will not earn interest. Qualifying transactions must post and clear the account by the 25th of the month to count towards the monthly qualification cycle. Account transactions may take one or more business days from the transaction date to post to the account. At the time of your statement cycle date, we will determine the combined products and services used since the previous cycle date to determine the aggregate interest rate to apply. We will use the daily balance method to calculate the interest. We may change these rewards at the Bank's discretion any time without notice. Fees may reduce earnings.<br></p> But Axos has a long list of requirements you have to fulfill to earn the highest possible APY, including receiving at least $1,500 in monthly direct deposits (worth 0.40% APY) and using your debit card at least 10 times per month (worth another 0.30% APY). Plus, you'll need to meet requirements for Axos Self Directed Trading accounts, Axos Invest Managed Portfolios, and loans with the bank.

If you're all in on Axos products anyway, you might meet these requirements without trying too hard. But even if you hit one or two, this is an appealing interest checking option. Alternatively or in addition, Axos ONE is a combined checking and savings account similar to SoFi Checking and Savings that earns up to 4.66% APY²⁹ <p class="">The Annual Percentage Yield (APY) is accurate as of 04/01/2025. The base and promotional interest rate and corresponding APY for Axos ONE Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE Savings is variable and is set at our discretion. Axos ONE Savings is a tiered variable rate account. Axos ONE Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.</p><p>Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below.</p><p>The Axos ONE Checking account will earn a base rate of 0.00% APY. The Axos ONE Savings account will earn a base rate of 1.00% APY.</p><p>Axos ONE accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE Checking and Axos ONE Savings, the Axos ONE Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period:</p><p>Option 1</p><p>1. Your Axos ONE Checking account has received qualifying direct deposits of at least $1,500 in total.</p><p>2. The average daily balance of your Axos ONE Checking account is at least $1,500.</p><p>Option 2</p><p>1. Your Axos ONE Checking account has received qualifying deposits of at least $5,000 in total.</p><p>2. The average daily balance of your Axos ONE Checking account is at least $5,000.</p><p>If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:</p><p>• The Axos ONE Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met.</p><p>• The Axos ONE Savings account will earn a promotional rate of up to 4.66% APY for the statement cycle in which the requirements are met.</p><p>The Qualification Period is from the 1st of the month through the 25th of the month. The Qualification Period for new accounts will begin on the day the account is approved. Any qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. </p><p>A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. Other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.) or person-to-person payments are not considered a direct deposit.</p><p>Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.</p><p>Both accounts must be in an open and active status on the date the interest is paid to receive the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.</p> on savings with direct deposit and 0.51% APY on checking.

Read our Axos Bank review

If you're looking for the best savings account to stash your emergency fund or for another important financial goal, you won't earn much in interest from most banks and credit unions. According to the Federal Deposit Insurance Corp., the average annual percentage yield (APY) on a savings account in the U.S. is a measly 0.41% (as of 4/21/25). But with the competitive rates offered by the banks below, you'll get a lot more than that.

Capital One 360

Capital One 360 is a hybrid bank with a limited network of in-person branches and a host of top-notch digital tools, including one of the best mobile banking apps and a reliable, easy-to-use online platform for managing your accounts.

But one of the ways Capital One 360 most stands out in the banking world is for its emphasis on keeping fees and minimums low or nonexistent. You won't pay monthly maintenance charges for any of its accounts, you won't pay for overdrafts, and you won't even have to meet minimums to open and keep accounts.

This bank is also unique for offering banking for kids and teens. The Capital One MONEY Teen Checking account is one of the best options we've found for kids' debit cards because these joint checking accounts, shared by parents and teens, have no subscription fees or minimums, support allowance transfers, and are available to kids ages eight and up.

Read our Capital One 360 review

How to pick the best bank for you

With so many different bank accounts out there, it can be challenging to find the right fit for you. Here are some factors to consider as you compare the best banks:

• Ease of use: Some financial institutions provide an easy-to-use digital banking and mobile banking interface, making it that much easier to manage your money without needing to study the platform to figure it out.
• Low fees: Most banks charge fees of one kind or another, but some are more low cost than others. Although some banks charge monthly fees, don't write them off too quickly. In some cases, you can get the fee waived with your regular banking habits or by maintaining a certain account balance. Or it could turn out that the account provides enough value to make up for the monthly cost.
• Minimum deposit requirements: Some banks will allow you to open a new bank account with little to no money. Others may require a small amount, or even thousands of dollars, for you to get started.
• ATM access: Online banks tend to offer the widest networks of fee-free ATM withdrawals, but that doesn't necessarily mean you need that many. Consider your travel habits and whether you'll need access to fee-free ATMs across the country or if you just need a smaller ATM network that is close to you. Also, note that some banks will offer ATM fee reimbursements if you use a machine that is out-of-network. They typically offer a certain reimbursement amount per month, and that amount varies by bank and account.
• Ability to write paper checks: Like the debit card issue, some of these institutions don't offer the option to write paper checks, which can be frustrating when it turns out you need one.
• Interest rate: Check to see what kind of annual percentage yield (APY) the bank is offering on its accounts and whether you need to jump through hoops to maximize the value. Higher interest rates can be appealing, but make sure you can easily earn the money, won't lose out through fees, and can maintain the minimum balance requirements.
• Mobile deposits: In most cases, you'll be able to deposit checks through your mobile device, but it's not a feature that is available with every account. Even if it is, the mobile check deposit process can be smoother with some banks than others.
• Customer service: Most of these banks are online banks only, which means you won't get in-person service. As a result, it's crucial to take the time to research all of your options and how they handle customer service to ensure it's a good fit. If you prefer a more traditional experience, you might want to go with a more well-known big lender.
• Rewards: Relatively speaking, very few banks offer rewards on their checking accounts. Depending on how you plan to use your debit card, consider an account that will reward your normal spending habits.

As you shop around and compare options, you'll also find other features and terms that are important to you. Make sure to include these in your decision-making process.

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Bottom line

The best banks provide a lot of value for people who are looking for a little more from their banking experience. Whether you're looking for a mobile banking experience or a bank with physical branches, there are a lot of account options out there.

If you're searching for a new bank account, our list of the best banks can help you narrow down your list of choices, or at least provide you with a benchmark you can use to compare other bank accounts. Remember to consider Discover with its Cashback Debit account, Chase with Total Checking, SoFi's Checking and Savings accounts, Chime Checking, and the other companies on this list for accounts with the best features.