Best Neobanks [2025]: Online Banks for an Online Age

Our Top Pick

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SoFi Checking and Savings

5.0

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

2025 award winner Best Checking and Savings Combo

• Earn up to a $300 bonus and up to 4.50% APY¹ <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at <a href="https://www.sofi.com/banking/">sofi.com/banking</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit 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 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit 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.&nbsp;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>.</p> on your money
• Limited-Time Offer: +0.70% Boost on Savings APY for 6 months on new accounts with eligible Direct Deposit. Terms Apply.² <p>Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking &amp; Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member&nbsp;FDIC.</p>
• No account, overdraft, or monthly fees³ <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>
• Get your paycheck up to two days early⁴ <p>Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.</p>
• Access additional FDIC insurance up to $3 million⁵ <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations.&nbsp;Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at&nbsp;<a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>

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Excellent For Easy Online Banking

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CapitalOne 360 Checking

4.9

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

2025 award winner Best Overall Checking Account

• Earn a $250 bonus by opening a 360 Checking account
• No fees, no minimums
• Terms Apply⁶ <p>1. Open a 360 Checking account on or after August 22, 2024, using promotional code CHECKING250. 2. Set up and receive at least 2 Qualifying Direct Deposits each of $500 or more to your 360 Checking account within 75 days of account opening. 3. Capital One will deposit the bonus into your account after the first two requirements listed above are completed. See full offer details and when the bonus will be posted at <a href="https://www.capitalone.com/bank/checking250/affiliate/">https://www.capitalone.com/bank/checking250/affiliate/</a>.</p>

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Excellent For No-Fee Checking and Savings

Download Cash App

Cash App

4.6

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

• Bank⁷ <p>Cash App is a financial services platform, not a bank. Banking services are provided by Cash App’s bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC.&nbsp;&nbsp;See<a href="https://cash.app/legal/us/en-us/card-agreement"> Terms and Conditions</a>.&nbsp;Direct deposit provided by Cash App, a Block Inc. brand.</p> without all the fees — save, send and spend your money the way you want.⁸ <p class="">With a Cash App Card, your funds are eligible for FDIC pass-through insurance through our Program Banks Wells Fargo Bank, N.A. and/or Sutton Bank, Members FDIC for up to $250,000 per customer when aggregated with all other deposits held in the same legal capacity at each Program Bank above, if certain conditions are met.&nbsp;</p>
• Get paid up to 2 days early - up to 2 days earlier than most banks⁹ <p>Your first deposit may take longer depending on your employer.</p> - and earn up to 3.75% interest on Savings¹⁰ <p>Cash App will pass through a portion of the interest paid on your savings balance held in an account for the benefit of Cash App customers at Wells Fargo Bank, N.A., Member FDIC. To earn the highest interest rate on your Cash App savings balance, you need to (a) have a Cash App Card or sponsor one or more sponsored accounts and receive at least $300 in paycheck direct deposits each month; or (b) have a sponsored account with sponsor approval to earn interest. Exceptions may apply. Savings yield rate is subject to change.</p>
• No hidden fees, minimum balance, or account fees
• 4.8/5 stars on the App Store, “Excellent” rating on Trustpilot

Download Cash App

Compare the best neobanks

Bank	Best for	Monthly maintenance fees	Highest account APY	Learn More
SoFi®	No monthly maintenance fees3 <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>	$0	Up to 4.50% with direct deposits11 <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>	Learn More
Chime®	Mobile banking	$0 12 <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>	1.00%13 <p class="">The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is accurate as of 10/16/25. No minimum balance required. Must have $0.01 in savings to earn interest.&nbsp;</p>	Learn More
Wealthfront	Banking and investing in one place	$0	3.75% 14 <p>Rate is current as of 09/26/2025.</p>	Learn More
LendingClub	Checking account rewards	$0	Up to 4.40%15 <p>LevelUp Rate of 4.40% Annual Percentage Yield (“APY”) is accurate as of 05/28/2025. Standard Rate of 3.40% APY accurate as of 05/28/2025. Rates are variable and subject to change at any time without notice, at the sole discretion of the bank.</p><p>LevelUp Rate is applied to the full balance of LevelUp Savings accounts that receive a total of at least $250 in deposits during the Evaluation Period. Otherwise, accounts will earn the Standard Rate. Interest payments, account bonuses, account credits and reversals or refunds from the bank are not considered deposits for rate evaluation purposes. All LevelUp Savings accounts earn the LevelUp Rate at account opening and continue to earn the LevelUp Rate until the First Evaluation Period, to provide an opportunity to set up deposits. While accounts will not move from the LevelUp Rate prior to the First Evaluation Period, the LevelUp Rate is variable and subject to change at any time, including prior to the First Evaluation Period.</p><p>An Evaluation Period is a statement cycle. The First Evaluation Period will be the third statement cycle after you open your account, with any rate change becoming effective the next statement cycle. For example, if you open in August, the first Evaluation Period would be October with any rate change effective in November. Any rate changes will take place at the end of the first business day of the month and will be based on deposits in the previous statement cycle.</p>	Learn More
Varo	High APY	$0	Up to 5.00% (as of 04/25/25) with direct deposits	Learn More
GreenFi	Sustainable money management	$0 to $7.99	Up to 3.00% (05/02/2025) on the first $10,000 with $500 or more spent in a month16 <p> <p>The GreenFi Save Account's Annual Percentage Yield ("APY") is variable and accurate as of 01/11/25. Rates are subject to change. To earn 1.00% APY (3.00% (05/02/2025) APY if customer is enrolled in GreenFi Plus) interest on GreenFi Save Account balances up to and including $10,000.00 in any calendar month, customer must have settled debit card transactions of $500.00 or more, monthly, on their GreenFi debit card. Debit card transactions for money transfer vendors (for example, but not limited to, CashApp, Venmo, Facebook Pay) do not qualify towards the $500.00 spend requirement. Balances over $10,000.00 will earn 0.00% APY (0.25% APY if customer is enrolled in GreenFi Plus). If the requirements are not met each month, the APY will be 0.00% APY (0.25% APY if customer is enrolled in GreenFi Plus) on Save Account regardless of balance. <a href="https://assets.ctfassets.net/ejg6grzpbbxj/2qiMJiSisziArCXc8PTC0g/aa466986a6f181fe0f9dea6c65d56cee/Aspiration_-_Deposit_Account_Agreement__February_2024_.pdf">Terms</a> &amp; <a href="https://my.aspiration.com/faq/Spend---Save%3EAspiration-Save-Account%3EWhat-interest-rates-are-offered-for-Aspiration-Save-">FAQ</a>.</p> </p>	Learn More
Ally Bank	Saving for multiple goals	$0	3.40%17 <p class="">The APY of 3.40% is accurate as of 10/01/25. Rates are subject to change and may vary by account type and financial institution.&nbsp;</p>	Learn More

SoFi Checking and Savings

Limited-Time Offer

SoFi Checking and Savings

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Limited-Time Offer: +0.70% Boost on Savings APY for 6 months on new accounts with eligible Direct Deposit. Terms Apply.² <p>Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking &amp; Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member&nbsp;FDIC.</p>

5.0

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

2025 award winner Best Checking and Savings Combo

• Earn up to a $300 bonus and up to 4.50% APY¹ <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at <a href="https://www.sofi.com/banking/">sofi.com/banking</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit 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 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit 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.&nbsp;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>.</p> on your money
• Limited-Time Offer: +0.70% Boost on Savings APY for 6 months on new accounts with eligible Direct Deposit. Terms Apply.² <p>Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking &amp; Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member&nbsp;FDIC.</p>
• No account, overdraft, or monthly fees³ <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>
• Get your paycheck up to two days early⁴ <p>Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.</p>
• Access additional FDIC insurance up to $3 million⁵ <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations.&nbsp;Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at&nbsp;<a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>

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on SoFi's secure website

SoFi® began as a student loan company but has since expanded into banking services. SoFi® automatically provides you with both checking and savings accounts when you sign up and qualify with its SoFi Checking and Savings product.

The SoFi savings account comes with a relatively high APY rate of up to 4.50% when you receive direct deposits, while the SoFi checking account earns an APY of 0.50% with direct deposits.¹¹ <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>

SoFi® provides a slew of additional features when you bank with them. You'll pay no monthly maintenance fees, no ATM fees for in-network withdrawals¹⁸ <p>We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.</p> , and no overdraft fees¹⁹ <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> . SoFi is a Member, FDIC. ⁵ <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations.&nbsp;Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at&nbsp;<a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>

Visit SoFi or learn more in our SoFi® review.

Chime®

Chime®

Visit Chime®

4.9

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

2025 award winner Best for Bad or No Credit

• No minimum balance, no monthly service fees¹² <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>
• Get your paycheck up to 2 days earlier with direct deposit²⁰ <p> Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.</p>
• Eligible Members can access fee-free overdraft up to $200²¹ <p>SpotMe® on Credit is an optional, no interest / no fee overdraft line of credit tied to the Secured Deposit Account available to qualifying members with an active Chime Card Account. To qualify for the SpotMe on Chime Card service, you must receive $200 or more in qualifying direct deposits to your Chime® Checking Account each month and have activated your physical secured Chime Visa® Credit Card or Chime Visa® Debit Card.</p><br> <p>Qualifying members will be allowed to overdraw their Secured Deposit Account up to $20, 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 Chime Card Limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime’s or its banking partners’ discretion. Although Chime does not charge any overdraft fees for SpotMe on Chime Card, there may be out-of-network or third-party fees associated with ATM transactions and fees associated with OTC cash withdrawals. SpotMe on Chime Card won’t cover non-card transactions. <a href="https://www.chime.com/policies/" style="background-color: rgb(255, 255, 255);">SpotMe on Chime Card Terms and Conditions</a>.</p>
• 50K+ fee-free ATMs nationwide²² <p>Out-of-network ATM withdrawal and over the counter advance fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.</p>
• Automatic savings helps you grow your money faster²³ <p>You can automatically transfer part of your direct deposits of $1 or more from your Checking Account into your selected Chime account(s).</p>

Learn More

on Chime's secure website

Chime is a financial technology company that offers a refreshingly easy account sign-up process. In just a few minutes, you can complete and submit an application for a checking account. You can also choose to open an optional savings account. Both accounts have no monthly maintenance fees and no minimum balance requirements.

You can access over 50,000 ATMs fee-free with a debit card ²⁵ <p class="">Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A., Members FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.<br></p> that connects to your Chime® Checking Account. You can also take advantage of Chime's get paid early feature ²⁰ <p> Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.</p> by receiving direct deposits to your account.

Chime Savings Account offers an annual percentage yield of 1.00%. Plus, you can set up Round Ups where your debit card purchases get rounded up to the nearest dollar and added to your savings account.²⁶ <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>

Visit Chime or learn more in our Chime review.

Wealthfront

Wealthfront Cash Account

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4.9

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

2025 award winner Best for Large Deposits

• Boost your savings with an APY of 3.75%¹⁴ <p>Rate is current as of 09/26/2025.</p>
• No account fees, withdraw anytime
• App Store rating of 4.8/5 stars as of May 2024
• Up to $8 million in FDIC insurance through partner banks

Learn More

on Wealthfront's secure website

Wealthfront offers a high-yield Cash Account, offering an APY rate of 3.75%. The best part? You don't need to meet any specific minimum to qualify for this rate.

On top of its high APY, Wealthfront has a few unique features that make it a unique option. For starters, you'll get up to $5 million in FDIC coverage via a network of member-FDIC banking partners, substantially higher than the standard $250,000 that banks typically offer.

Wealthfront also conveniently offers banking and investing options in one place, making it a good option for people who don't like to have their money spread between different platforms. While not as wide a range as other options, Wealthfront also gives you access to 19,000 fee-free ATMs. Finally, you'll get these features and more with no monthly maintenance fees.

Visit Wealthfront or learn more in our Wealthfront review.

LendingClub

LendingClub LevelUp Savings

Visit LendingClub LevelUp Savings

4.8

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

• Earn 4.20% APY¹⁵ <p>LevelUp Rate of 4.40% Annual Percentage Yield (“APY”) is accurate as of 05/28/2025. Standard Rate of 3.40% APY accurate as of 05/28/2025. Rates are variable and subject to change at any time without notice, at the sole discretion of the bank.</p><p>LevelUp Rate is applied to the full balance of LevelUp Savings accounts that receive a total of at least $250 in deposits during the Evaluation Period. Otherwise, accounts will earn the Standard Rate. Interest payments, account bonuses, account credits and reversals or refunds from the bank are not considered deposits for rate evaluation purposes. All LevelUp Savings accounts earn the LevelUp Rate at account opening and continue to earn the LevelUp Rate until the First Evaluation Period, to provide an opportunity to set up deposits. While accounts will not move from the LevelUp Rate prior to the First Evaluation Period, the LevelUp Rate is variable and subject to change at any time, including prior to the First Evaluation Period.</p><p>An Evaluation Period is a statement cycle. The First Evaluation Period will be the third statement cycle after you open your account, with any rate change becoming effective the next statement cycle. For example, if you open in August, the first Evaluation Period would be October with any rate change effective in November. Any rate changes will take place at the end of the first business day of the month and will be based on deposits in the previous statement cycle.</p> with LendingClub’s LevelUp Savings when you deposit $250+ per month. Member FDIC.
• $0 monthly maintenance fee; $0 minimum balance and no minimum to open required.
• Download the LendingClub app to seamlessly manage your account.
• You can choose to get an ATM card for fast access to your money.

Learn More

on LendingClub's secure website

LendingClub is one of the original peer-to-peer personal loan lenders that has grown to offer several products, including checking and savings accounts. LendingClub offers a High-Yield Savings Account that has an APY of up to 4.40%. This account has no monthly maintenance fees and offers unlimited withdrawals, compared to the six monthly withdrawals many savings accounts typically limit you to.

LendingClub also offers its Rewards Checking account, which helps you earn cash back on all qualifying purchases, with no limit on how much you can earn. Like its savings account, LendingClub's Rewards Checking has no monthly maintenance fees. Additionally, it offers ATM rebates for out-of-network ATMs.

Visit LendingClub or learn more in our LendingClub review.

Varo

Varo

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4.3

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

• Earn 5.00% (as of 04/25/25) APY on balances up to $5,000 with direct deposit
• No minimum balance requirements and no monthly fees
• Get paid up to two days early with direct deposit
• Automate saving with "Save Your Change" and "Save Your Pay" features

Learn More

on Varo's secure website

Varo is a digital banking fintech company that offers online checking and savings accounts, both of which come with various useful features.

Varo offers modern-day conveniences, such as the ability to get paid early, a helpful mobile app, and an ATM network of over 40,000 fee-free ATMs. The Varo savings and checking accounts come with no monthly maintenance fees.

Varo's online savings account allows you to earn an APY up to 5.00% (as of 04/25/25), but only on balances of $5,000 or less. Balances above that limit still earn interest but at a lower APY rate.

Varo's savings account also offers you automatic round-ups. This feature automatically rounds up every debit card purchase you make to the nearest dollar and puts the difference into your savings account balance.

Visit Varo or learn more in our Varo review.

GreenFi

GreenFi

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4.8

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

• No monthly fees on standard accounts, no minimum balance fees
• Unlimited withdrawals at 55,000+ Allpoint ATMs worldwide
• Your paychecks arrive up to 2 days early when you set up Direct Deposit²⁷ <p>GreenFi’s early direct deposit of funds service is not guaranteed, is subject to payor’s support and the timing of payor’s payment instruction, and is based on a comparison of our <a href="https://assets.aspiration.com/docs/summit/Aspiration%20Funds%20Availability%20Policy.pdf?utm_source=Iterable&utm_medium=email&utm_campaign=campaign_-12345">policy</a> of making funds available upon our receipt of payment instruction with the typical banking practice of posting funds at settlement. GreenFi generally makes these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.</p>
• Manage your finances and measure your impact with the feature-packed mobile app
• ID theft protection and Mastercard® backed purchase protection including extended warranty and satisfaction guarantee. FDIC insured by Coastal Community Bank.²⁸ <p>GreenFi is not a bank. GreenFi Spend & Save accounts are checking and savings accounts offered through Coastal Community Bank, Member FDIC. Approved deposit accounts are FDIC insured up to $250,000 per depositor. For balances greater than $250,000, Coastal will Sweep the excess funds to one or more FDIC-insured depository institutions in their Sweep network (each a “Bank”) up to $250,000 per Bank. With five Banks available through the Coastal Community Bank <a href="https://assets.aspiration.com/docs/summit/Aspiration%20Funds%20Availability%20Policy.pdf?utm_source=Iterable&utm_medium=email&utm_campaign=campaign_-12345">Insured Bank Deposit Program</a>. Deposits are FDIC-insured up to $1.25 million per depositor. This amount is subject to change at any time. Visit <a href="http://fdic.gov/">fdic.gov</a>. GreenFi’s <a href="https://www.aspiration.com/2024-sweep-program-banks">Program Banks</a> have formally committed that customer deposits will not be used for lending to oil and gas exploration, production or transportation, or coal mining.</p>

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on GreenFi's secure website

GreenFi offers a unique banking solution, being the only bank in our list of the top neobanks to put a sustainable twist on banking.

GreenFi's Spend & Save account has two plans, GreenFi and GreenFi Plus, and comes with a debit card made from recycled plastic. This debit card offers up to 6% cash back on qualifying purchases you make with one of GreenFi's Conscience Coalition members, companies and retailers that focus on sustainability.

On top of that, a part of the monthly maintenance fee you pay goes towards charitable causes. As a GreenFi customer, you get to pick the fee you want to pay, even if it's $0.

However, the GreenFi Plus account has a predefined $7.99 monthly maintenance fee. If you spend at least $500 on this account's debit card each month, you'll qualify for up to 3.00% (05/02/2025) APY.

Visit GreenFi or learn more in our GreenFi review.

Ally Bank

Ally Bank

Visit Ally Bank

• Earn 3.40% APY¹⁷ <p class="">The APY of 3.40% is accurate as of 10/01/25. Rates are subject to change and may vary by account type and financial institution.&nbsp;</p> on your savings
• Analyzes linked accounts and adds to your savings
• Savings buckets help you track progress toward goals
• No monthly maintenance fees
• 24/7 support

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on Ally Bank's secure website

Ally Bank is another one of the fintech companies that offer online banking. Ally offers a High-Yield Savings Account and an Interest Checking Account. Its savings account comes with features that every avid saver would love, including an APY of 3.40% on all balances and access to savings buckets. These buckets allow you to organize your money based on specific goals. Plus, Ally gives you personal suggestions to help you grow your savings.

Ally's interest-bearing checking has no monthly maintenance fees while providing many useful features. This includes check deposits via its mobile app and access to money transfers via Zelle®. You can earn an APY of 0.10% (as of 10/01/25) on your checking account balance.

Visit Ally Bank or learn more in our Ally Bank review.

How to choose the best neobanks

When looking for the best banks for your needs, you should narrow down your options based on the most important features you look for. Here are some of the main factors you should consider when picking the right option for you and your money:

• Higher interest rates: High interest in the form of a competitive APY rate can boost your savings. Many savings accounts offered by neobanks can help Americans benefit from APY rates that are well above the national average.
• Deposit and withdrawal features: You likely need a bank account that provides you with easy access to your cash through a debit card, ATMs, and checks. Make sure you find an account that offers these features and has a healthy network of available ATMs in your area. On the same note, if you need to move money to and from your savings account frequently, look for an account that has unlimited withdrawals.
• User-friendly banking app: Many neobanks and financial service companies have strong mobile apps. Still, some have certain features others don't, like 24/7 customer support available in the app or the ability to lock and unlock your debit card right from the app.
• Monthly fees: There are plenty of banks that don't require you to pay monthly service or maintenance fees, and the best features aren't solely reserved for expensive banks anymore.
• Security: When you're using a mostly online-based bank, you want to know your money is safe. Any neobank worth working with should provide strong security measures to protect its customers.
• Rewards: While rewards might not be at the top of your mind when looking for somewhere to store your money, they can be a bonus. These rewards often come in the form of cash back. Some accounts have certain limitations on these rewards, so make sure to dig deep during your research.

Featured Checking Accounts

5.0

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

2025 award winner Best Checking and Savings Combo

SoFi Checking & Savings - Earn Up to $300 When You Set Up Direct Deposit

Limited-Time Offer: Earn up to a $300 bonus and up to 4.50% APY on Savings (3.80% APY¹ <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at <a href="https://www.sofi.com/banking/">sofi.com/banking</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit 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 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit 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.&nbsp;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>.</p> with +0.70% APY Boost) for 6 Months on new accounts with eligible direct deposit. Terms Apply.² <p>Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking &amp; Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member&nbsp;FDIC.</p> FDIC Insured.⁵ <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations.&nbsp;Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at&nbsp;<a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>

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FAQs

Bottom line

Neobanks provide many features that traditional banks offer, minus the brick-and-mortar locations. This helps neobanks offer higher APY rates, potential rewards, advanced mobile banking, and more.

Deciding which bank to choose can be overwhelming, but as long as you know what you're looking for in a bank, there's likely an option out there that will fit the bill. Explore more options in our list of the best online banks.

Reach Your Savings Goals Faster

5.0

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

2025 award winner Best Checking and Savings Combo

SoFi Checking and Savings Benefits

• Limited-Time Offer: Earn up to a $300 bonus and up to 4.50% APY on Savings (3.80% APY¹ <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at <a href="https://www.sofi.com/banking/">sofi.com/banking</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit 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 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit 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.&nbsp;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>.</p> with +0.70% APY Boost) for 6 Months on new accounts with eligible direct deposit. Terms Apply.² <p>Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking &amp; Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member&nbsp;FDIC.</p>
• No account, overdraft, or monthly fees³ <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>
• Get your paycheck up to two days early⁴ <p>Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.</p>
• Access additional FDIC insurance up to $3 million⁵ <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations.&nbsp;Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at&nbsp;<a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>

5.0

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

Open an account with SoFi® here