Best Savings Accounts With No Monthly Fees [June 2026]

It's the worst feeling: You've been working hard, sticking to a spending plan, and setting aside money into an emergency fund. Yet, when you sign into your account, the balance is lower than expected because the bank charged you a monthly fee just to keep the account open.

If your bank charges account or maintenance fees, it's time to switch so those fees don't hurt your progress. 

To help you find the right fit, we identified the best savings accounts with no monthly fees. We've included options with the best customer service, accounts ideal for larger balances, and more.

Limited-Time Offer

AWARD WINNER Best Checking and Savings Combo

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.

Learn More on SoFi's secure website, Member FDIC

APY

3.80% Earn up to 3.80% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.10% APY) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 12/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.

Minimum Balance for APY

$0

Bonus Offer

Up to $400 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 within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. 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 5/15/2026 and will be available through 12/31/26. See full bonus and annual percentage yield (APY) terms at sofi.com/banking/checking-offer/

Why We Like It

• Earn a $50 or $400 bonus with eligible direct deposit¹ <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&nbsp;received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct&nbsp;Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in&nbsp;your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 5/15/2026 and will be available through 12/31/26. See full bonus and annual percentage yield (APY) terms at&nbsp;<a href="https://www.sofi.com/banking/checking-offer/">sofi.com/banking/checking-offer/</a></p> and up to 3.80% APY² <p>Earn up to 3.80% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.10% APY) for up to 6 months. Open a new SoFi Checking &amp; Savings account with Eligible Direct Deposit by 12/31/26. Rates variable, subject to change. Terms apply at&nbsp;<a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member FDIC.</p> on your money
• Limited-Time Offer: +0.70% Boost on Savings APY to up to 3.80% for up to 6 months on new accounts. Terms apply.² <p>Earn up to 3.80% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.10% APY) for up to 6 months. Open a new SoFi Checking &amp; Savings account with Eligible Direct Deposit by 12/31/26. Rates variable, subject to change. Terms apply at&nbsp;<a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member 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 Bank 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 early with direct deposit⁴ <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>

Learn More on SoFi's secure website, Member FDIC

Why do banks charge monthly fees?

Some banks and credit unions charge monthly maintenance fees on checking and savings accounts to cover the cost of maintaining those accounts. This fee is often waivable if you set up direct deposit or maintain a minimum balance.

Even better? Finding a bank that doesn't charge a monthly fee, no matter your balance. Many financial institutions offer fee-free savings accounts so you can keep your hard-earned money in your own hands.

Compare high-yield savings accounts with no monthly fees

Account	Best for	Monthly fees	APY
American Express® High Yield Savings	Mobile app	$0	3.10%6 <p>The Annual Percentage Yield (APY) as advertised is accurate as of May 19, 2026. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened.&nbsp;Interest Rate and APY of a Certificate of&nbsp;Deposit account is fixed once the account is funded.</p>
SoFi Checking and Savings	Combination account	$03 <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 Bank Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a>.</p>	Up to 3.10% with direct deposit7 <p>Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 5/28/26. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at&nbsp;<a href="https://www.sofi.com/legal/banking-rate-sheet">https://www.sofi.com/legal/banking-rate-sheet</a></p>
CIT Bank Platinum Savings8 <p class="">For complete list of account details and fees, see our <a href="https://www.cit.com/cit-bank/resources/forms">Personal Account disclosures</a>.</p>	Larger balances	$0	up to 4.10% for balances of $5,000 or higher for up to 6 months 9 <p>Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. APYs — Annual Percentage Yields are accurate as of Jan. 09 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.</p> 10 <p>*This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria. Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate. The Promotion begins on February 13, 2026, and ends June 30, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6-month period outlined in the terms and conditions. The promotion can end at any time without notice.</p> (enter code CITBoost to qualify; $100 minimum opening deposit)
Synchrony High Yield Savings	Low minimum deposit	$0	3.40% (as of 4/21/26)11 <p>Annual Percentage Yield (APY) is subject to change at any time without notice. Rate accurate as of 4/21/2026. Offer applies to personal accounts only. Fees may reduce earnings. For High Yield Savings accounts, the rate may change after the account is opened. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.</p>
Capital One 360 Performance Savings	Extra tools	$0	3.00%12 <span>A rate of 3.00% Annual Percentage Yield (APY) applies to all account balances. Advertised rates are variable and effective as of 06/02/2026. Rates are subject to change at any time before or after account opening. The 360 Performance Savings account has no monthly cycle service charge and no minimum balance required to open or maintain the account.</span>
EverBank Performance Savings	High APY	$0	3.90% (as of 02/20/26)

American Express High Yield Savings

American Express is best known for its rewards credit cards, but it also offers several banking products, including checking and high-yield savings accounts. We especially like the American Express High Yield Savings account, which offers a high APY with no monthly fees or minimum deposit requirements¹³ <p class="">There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you.</p> .

You can move money online, set up automatic deposits from your checking account, and manage your account online or via app. J.D. Power awarded American Express the top spot in the 2025 U.S. Credit Card Mobile App Satisfaction Study. The Amex app is highly rated, scoring 4.9 on both the Apple App Store and Google Play¹⁴ <p>iOS and Android only. See app store listings for operating system&nbsp;info.</p> .

One drawback we noted was the lack of deposit and withdrawal options. While you can deposit and withdraw money via electronic transfer or mobile deposit, other banks may offer ATM access for their savings accounts.

American Express National Bank, Member FDIC, Terms Apply.

Learn more in our American Express High Yield Savings review

SoFi Checking and Savings

AWARD WINNER Best Online Checking

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.

• Earn a $50 or $400 bonus with eligible direct deposit¹ <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&nbsp;received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct&nbsp;Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in&nbsp;your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 5/15/2026 and will be available through 12/31/26. See full bonus and annual percentage yield (APY) terms at&nbsp;<a href="https://www.sofi.com/banking/checking-offer/">sofi.com/banking/checking-offer/</a></p> and up to 3.80% APY² <p>Earn up to 3.80% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.10% APY) for up to 6 months. Open a new SoFi Checking &amp; Savings account with Eligible Direct Deposit by 12/31/26. Rates variable, subject to change. Terms apply at&nbsp;<a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member FDIC.</p> on your money
• Limited-Time Offer: +0.70% Boost on Savings APY to up to 3.80% for up to 6 months on new accounts. Terms apply.² <p>Earn up to 3.80% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.10% APY) for up to 6 months. Open a new SoFi Checking &amp; Savings account with Eligible Direct Deposit by 12/31/26. Rates variable, subject to change. Terms apply at&nbsp;<a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member 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 Bank 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 early with direct deposit⁴ <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>

Learn More

on SoFi's secure website

If you want to keep your checking and savings accounts under one roof, we recommend SoFi®. When you open a SoFi® savings account, you automatically get a checking account as well. We like that these accounts combine to give you access to low-cost, comprehensive banking with no monthly fees ³ <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 Bank Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a>.</p> and no minimum deposit requirements.

One of our favorite SoFi features is round-ups. When you use your checking account debit card to make a purchase, SoFi rounds up the amount to the nearest full dollar and deposits your excess change to your savings account. Over time, these small contributions can add up and boost your savings.

SoFi also offers Savings Vaults, which we recommend if you're saving for multiple purchases. You can set up a separate vault for each savings goal and track your progress to stay motivated.

The SoFi savings account has an impressive APY. But to earn the highest rate, you must enroll in direct deposit or make at least $5,000 in qualifying deposits per statement cycle. If you don't meet those requirements, your maximum APY will be 1.00% (as of 5/28/26).⁷ <p>Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 5/28/26. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at&nbsp;<a href="https://www.sofi.com/legal/banking-rate-sheet">https://www.sofi.com/legal/banking-rate-sheet</a></p>

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 Checking and Savings | Learn more in our SoFi Checking and Savings review

CIT Bank Platinum Savings

CIT Bank Platinum Savings

Visit CIT Bank Platinum Savings

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.

• Limited-Time Offer: Earn up to 4.10% APY (3.75% APY⁹ <p>Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. APYs — Annual Percentage Yields are accurate as of Jan. 09 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.</p> with +0.35% APY Boost) on balances of $5,000 or more for up to 6 months.¹⁰ <p>*This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria. Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate. The Promotion begins on February 13, 2026, and ends June 30, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6-month period outlined in the terms and conditions. The promotion can end at any time without notice.</p> Enter code CITBoost to qualify. $100 minimum opening deposit.
• No account opening or monthly services fees⁸ <p class="">For complete list of account details and fees, see our <a href="https://www.cit.com/cit-bank/resources/forms">Personal Account disclosures</a>.</p>
• Enjoy unlimited transfers and withdrawals each month (many savings accounts have monthly limits)

Learn More

on CIT Bank's secure website

We recommend CIT Bank for earning a higher APY on large balances. The CIT Bank Platinum Savings Account pays the highest APY on balances of $5,000 or more; lower balances earn a rate of 0.25% (as of 01/09/26).⁹ <p>Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. APYs — Annual Percentage Yields are accurate as of Jan. 09 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.</p> There are no fees to open the account or maintenance fees, but you'll need $100 to open an account.

CIT is a digital bank. A division of First Citizens Bank and Trust, it offers higher-than-average rates on deposit accounts like savings accounts and CDs. If you want to diversify how you save, you can open a savings account, a CD, and a money market account, all with the same financial institution.

CIT Bank doesn't have physical branches. You can only deposit or transfer cash online or via the app, or by mailing a check. What's more, CIT ranked relatively low in the J.D. Power 2025 U.S. Direct Banking Satisfaction Study, indicating that customers had issues with CIT's customer service.

Member FDIC.

Visit CIT Bank Platinum Savings | Learn more in our CIT Bank High Yield Savings review

Synchrony High Yield Savings

If you want to withdraw cash from your savings account at an ATM, we recommend opening a Synchrony High Yield Savings account. Synchrony customers can withdraw cash fee-free from in-network ATMs and will be reimbursed for any domestic ATM fees charged by other financial institutions, up to $5 per month. This makes getting your hands on your money when you need it easier than ever.

Synchrony's savings account has a higher-than-average APY and no monthly fees or minimum balance requirements.¹¹ <p>Annual Percentage Yield (APY) is subject to change at any time without notice. Rate accurate as of 4/21/2026. Offer applies to personal accounts only. Fees may reduce earnings. For High Yield Savings accounts, the rate may change after the account is opened. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.</p> Synchrony also offers CDs and money market accounts if you want multiple ways to save.

However, Synchrony doesn't accept cash deposits, so those who work cash-based jobs may need another bank account to transfer funds to Synchrony. Synchrony also doesn't have the best reputation for customer service; it ranked second-to-last in the J.D. Power U.S. Direct Banking Satisfaction Study.

Member FDIC.

Learn more in our Synchrony Bank review

Capital One 360 Performance Savings

Capital One is an all-around favorite of ours. Not only does it offer the 360 Performance Savings Account with 3.00% APYA rate of 3.00% Annual Percentage Yield (APY) applies to all account balances. Advertised rates are variable and effective as of 06/02/2026. Rates are subject to change at any time before or after account opening. The 360 Performance Savings account has no monthly cycle service charge and no minimum balance required to open or maintain the account., but it also comes with useful tools to help you navigate your finances with ease.

One such tool is CreditWise, which gives you access to your FICO credit score alongside personalized insights to help you boost your score. It also includes dark web monitoring and instant alerts for anything that could affect your credit score, such as new inquiries or late payments.

Capital One also has a limited number of branches, plus Cafes in 19 states and Washington, D.C., where you can grab a coffee and get in-person help. You can open a savings account with $0, which we like for those just starting out or who have a small amount of cash to start saving.

Learn more in our Capital One 360 review

EverBank Performance Savings

We find EverBank's substantially higher-than-average APY of 3.90% (as of 02/20/26) on its Performance Savings account extremely impressive. That's the highest APY among all the banks we evaluated. EverBank also offers CDs with 3.40%-4.00% (as of 03/06/26) APY and terms ranging from 3 months to 5 years.

You can maximize your earnings even further by also opening an interest-bearing EverBank Performance Checking account. You'll earn 0.25% (as of 2/20/2026) on checking balances, bumping up your total APY across both accounts. Both the checking and savings accounts are free from monthly maintenance fees, though you'll need at least $100 to open a checking account.

But if you like having the option to visit a physical branch to ask questions or deposit cash, you'll likely be better off looking elsewhere. EverBank only operates a few financial centers in Florida, California, and New York.

Learn more in our EverBank review.

How to choose the best savings accounts with no monthly fees

There's no one bank that's best for everyone. To find the right savings account with no monthly fees for you, consider these factors.

• Deposit options: Savings accounts with high APYs and low fees are typically offered by online or digital banks. If you work in a cash-based business, look for one that allows you to make cash deposits at partner ATMs.
• Other fees: In addition to monthly fees, some banks charge extra fees for stop payments, wire transfers, or ATM withdrawals.
• Withdrawal limits: Some banks limit how many withdrawals or transactions you can make from a savings account per month. If you exceed the limit — such as six per month — the bank may charge you an excess withdrawal fee or switch your account to a checking account.
• APY: Nationally, the average APY for savings accounts is just 0.38% (as of 4/20/26). But it's possible to find banks that offer rates 10 times that, so it's wise to research your options to find the best savings account rates.
• Cash access: To use your savings, you often need to transfer funds to a spending account first, such as a checking account. If you need the option to withdraw cash from your savings balance, consider savings accounts with debit cards.

Build smarter savings with interest

Putting your money into an interest-earning account allows it to grow steadily instead of sitting idle. This savings calculator allows you to test different contributions and timelines, helping you see how consistent saving and earned interest can work together to boost your overall balance.

Taking the time to research your options can help you choose the right place for your money, setting you up for stronger growth and better financial outcomes over time.

4.2

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.

Use Cash App As Your All-in-One Financial Services Platform

Bank¹⁵ <p>Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Savings provided by Cash App, a Block, Inc. brand.</p><p class="">Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). 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.¹⁶ <p class="">Your balance is 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. Cash App is a financial services platform, and not an FDIC-insured bank. Prepaid debit cards issued by Sutton Bank, Member FDIC. See <a href="https://cash.app/legal/us/en-us/card-agreement">terms and conditions</a>. </p> Get paid up to 2 days early – up to 2 days earlier than most banks¹⁷ <p>Your first deposit may take longer depending on your employer.</p>

Download Cash App

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.

Synchrony Bank High Yield Savings - 3.40% APY

Let your money work for you with great rates: count on it. Open a High Yield Savings account with Synchrony today. Member FDIC.¹¹ <p>Annual Percentage Yield (APY) is subject to change at any time without notice. Rate accurate as of 4/21/2026. Offer applies to personal accounts only. Fees may reduce earnings. For High Yield Savings accounts, the rate may change after the account is opened. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.</p>

Learn More

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.

AWARD WINNER Best Online Checking

SoFi Checking & Savings - Earn Up to $400 When You Set Up Direct Deposit

Limited-Time Offer: Earn a $50 or $400 bonus with eligible direct deposit and up to 3.80% APY on Savings (3.10% 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&nbsp;received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct&nbsp;Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in&nbsp;your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 5/15/2026 and will be available through 12/31/26. See full bonus and annual percentage yield (APY) terms at&nbsp;<a href="https://www.sofi.com/banking/checking-offer/">sofi.com/banking/checking-offer/</a></p> with +0.70% APY Boost) for up to 6 Months on new accounts. Terms Apply.² <p>Earn up to 3.80% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.10% APY) for up to 6 months. Open a new SoFi Checking &amp; Savings account with Eligible Direct Deposit by 12/31/26. Rates variable, subject to change. Terms apply at&nbsp;<a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member 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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If your bank charges account fees, your savings account is losing money. Switching to a savings account with no monthly fees will help you save money and grow your money faster.

The best savings accounts also pay a higher-than-usual APY, so you could open an online savings account and supercharge your savings within minutes.

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AWARD WINNER Best Online Checking

High APY of up to 3.80% on Savings (3.10% 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&nbsp;received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct&nbsp;Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in&nbsp;your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 5/15/2026 and will be available through 12/31/26. See full bonus and annual percentage yield (APY) terms at&nbsp;<a href="https://www.sofi.com/banking/checking-offer/">sofi.com/banking/checking-offer/</a></p> with +0.70% APY Boost) for up to 6 Months on new accounts. Terms Apply.² <p>Earn up to 3.80% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.10% APY) for up to 6 months. Open a new SoFi Checking &amp; Savings account with Eligible Direct Deposit by 12/31/26. Rates variable, subject to change. Terms apply at&nbsp;<a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member FDIC.</p>

Paycheck access up to 2 days early with direct deposit⁴ <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>

No monthly maintenance or overdraft 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 Bank Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a>.</p>

Streamlined savings and savings goals with Vaults

Access to a large ATM network¹⁸ <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 may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time.</p>