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Award-Winning Favorites
The FinanceBuzz 2026 Best of Banking Awards awards recognize standout institutions across a wide range of categories. These are banking products we recommend to family, friends, and now to you. You can learn more about the awarded offers featured on this page below.
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Having your checking and savings accounts with the same financial institution can make money management a lot simpler. We chose SoFi® for best checking and savings account combo because it delivers on interest and additional features.
For example, you could earn up to 3.30% APY on your savings balance with direct deposit.17 <p>Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 12/23/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at <a href="https://www.sofi.com/legal/banking-rate-sheet">https://www.sofi.com/legal/banking-rate-sheet</a></p> SoFi also offers more special features than any other account combo we looked at, including round-ups on debit spending, early payday15 <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> , a direct deposit cash bonus, and a suite of other online financial products that you’ll get access to as a SoFi account holder. SoFi is also known for its easy-to-use app and website, as well as its excellent customer service. FDIC Insured.16 <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", 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. 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 <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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Truist One Checking doesn’t charge overdraft fees, and it even offers a Balance Buffer for qualifying customers6 <p>The Balance Buffer is only available with Truist One Checking and allows clients to overdraw their account up to $100. There is no decision required as this feature is automatically available when a client qualifies.</p> <p>To <b><u>INITIALLY QUALIFY</u></b> for the Balance Buffer, the requirements below must be met:</p> <ul> <li>Account must be opened for a minimum of 35 calendar days</li> <li>Account must be funded with a positive balance</li> <li>A single direct deposit of at least $100 made within the last 35 calendar days</li> </ul> <p>To <b><u>REMAIN QUALIFIED</u></b> for the Balance Buffer, the requirement below must be met:</p> <ul> <li>A single direct deposit of at least $100 made within the last 35 calendar days. <b>After qualifying, if 35 calendar days pass without a Direct Deposit of at least $100, you will no longer have access to the Balance Buffer.</b></li> </ul> <p>For accounts that qualify for the Balance Buffer, once the account is overdrawn by $100, additional transactions will typically be declined or returned.</p> <p class="">For accounts that qualify for the Balance Buffer and also have Overdraft Protection, Truist will use the Balance Buffer first. If the account has neither, transactions that exceed the account balance will typically be declined or returned.</p> , which allows you to overdraw your account by up to $100 with no negative repercussions. This feature is unique in that it’s not a loan or line of credit, and $100 is generous compared to overdraft options from other institutions. It also offers several achievable ways to waive its monthly maintenance fee.7 <p>The Monthly Maintenance Fee (MMF) can be waived for the Truist One Checking account for each statement cycle by any one of the following:</p><br> <p><b>Maintenance fees are waived for primary account owners under the age of 25 or age 62 and older.</b></p><br> <p><b>Making $500 or more in total qualifying Direct Deposits per statement cycle.</b> A qualifying direct deposit is an electronic credit via ACH deposited to your account during the current statement cycle. Pre-authorized transfers made from one account to another or deposits made via a branch, ATM, online transfer, mobile device, debit card/prepaid card number or the mail are not eligible to meet this requirement.</p><br> <p><b>Maintain a total combined ledger balance of $500 or more in your Truist related accounts. </b>Related accounts automatically include all applicable accounts associated with primary and secondary account owners. Your total combined ledger balance is the sum of the actual balances of all your Truist related accounts across personal deposit accounts (checking, savings, money market, CD, or IRA) and brokerage accounts introduced through Truist Investment Services, Inc. (TIS) including TIS accounts managed by Truist Advisory Services, Inc., as reflected on the business day before your statement cycle end date (the actual balance in your account does not reflect any holds or pending transactions). Truist HSA is excluded from total combined ledger balance.</p><br> <p><b>Having a personal Truist credit card, mortgage or consumer loan, including LightStream®. </b></p><br> <p><b>Having a linked Small Business Checking Account. </b>Eligible Small Business account types include: Truist Dynamic Checking, Business Interest Checking, Simple Business Checking and Business Value 200.</p><br> <p><b>Primary account owner is a student. </b>The waiver for a student requires they are listed as the primary account owner and they provide their anticipated graduation date. The waiver expires on the provided graduation date. On this date, the account is subject to the Monthly Maintenance Fee unless at least one waiver criterion is satisfied.</p><br> <p class="">Truist Bank, Member FDIC. © 2026 Truist Financial Corporation. Truist, the Truist logo, Truist Purple, Truist One, Truist Marquee, LightStream, and the LightStream logo are service marks of Truist Financial Corporation.</p>
We also liked that the account does more than simply not charge overdraft fees. You can opt for a Delta SkyMiles Debit Card, get loyalty bonuses on eligible Truist credit cards, and open a Truist One Savings account with no monthly fees. It’s a comprehensive account, and Truist is a solid all-around choice for banking. Member FDIC.
Your Checking Account Isn’t Enough — Grow Your Savings Faster With a High-Yield Savings Account
Example: You could earn an estimated $1,019 per year in a high-yield savings account versus an estimated $2.50 per year in a typical checking account at 0.01% APY.18 Example assumes a $25,000 average daily balance over 12 months. APY is variable and may change after account opening. Interest earnings are based on current rates and compounding. Comparison is for illustrative purposes and assumes a 0.01% APY checking account. Results will vary.
Your checking account is great for everyday transactions, but it's not designed for growing your money. Most checking accounts pay little to no interest — often just 0.01% APY (annual percentage yield)19 <p class="">The product and annual percentage yield (APY) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your area. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. Always verify account details and availability with the financial institution before opening an account.<br></p> . By moving extra cash into a high-yield savings account with a high APY, you can watch your balance grow over time with compound interest. Don’t leave money on the table — start putting your savings to work with these top high-yield savings accounts from our partners.
| Bank/Institution | APY
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Bonus Offer | Open Account | Bonus Offer |
|---|---|---|---|---|
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4.7
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4.10
With $1 min. balance20 <p>APY means Annual Percentage Yield. APY is accurate as of 4/22/26. Interest rate and APY may change after initial deposit depending on the terms of the specific product selected. Minimum opening deposit is $1.00. National average comparison is based on current <a href="https://www.fdic.gov/national-rates-and-rate-caps">FDIC U.S. national average</a> for banks and <a href="https://ncua.gov/analysis/cuso-economic-data/credit-union-bank-rates">NCUA U.S. national average</a> for credit unions.</p>
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Limited-Time Offer: Use code FRESHSTART to earn a cash bonus based on your savings balance. Earn $70 for $10,000, $175 for $25,000, $350 for $50,000, $750 for $100,000, or $1,500 for $200,000 or more. Visit site for full details.21 <p>New customers only. Earn a cash bonus when you deposit and maintain funds with partner banks on the Raisin platform. Customers will receive $70 for depositing between $10,000 and $24,999, $175 for depositing between $25,000 and $49,999, $350 for depositing between $50,000 and $99,999, $750 for depositing between $100,000 and $199,999, and $1,500 for depositing $200,000 or more. </p><p>To qualify for the bonus, you must be a new Raisin customer who signs up between April 1, 2026, and May 31, 2026, and the promo code FRESHSTART must be entered at the time of sign-up. Deposit at least $10,000 within 14 days of your first deposit. You can make one or multiple deposits during this window, and your total deposited amount determines your bonus tier. You may add more funds during the 14-day window to reach a higher bonus tier. Once the deposit window closes, your balance must remain at or above your qualifying bonus tier for 90 days. If your balance drops below that amount during the 90-day period, you may no longer be eligible for that bonus. Only funds deposited within 14 days of the initial deposit date and maintained with partner banks on the Raisin platform for 90 days will be eligible for this bonus. </p><p>Bonus cash will be deposited by Raisin into the customer’s Cash Account within 30 days of meeting all qualifying terms. This offer is available to new customers only and may not be combined with any other bonus offers. Raisin reserves the right to modify or terminate this offer at any time.</p> | ||
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4.3
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4.10
With $5,000 min. balance22 <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>
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Limited-Time Offer: Earn up to 4.10% APY (3.75% APY22 <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.23 <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 May 31, 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. | ||
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4.2
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3.25
With $300 monthly deposits4 <p>Customers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 of Qualifying Deposits per month. Eligibility restrictions apply to some benefits. See <a href="https://cash.app/legal/us/en-us/tos">Terms and Conditions</a> for more information.</p><p>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 qualify for Cash App Green or (b) have a sponsored account with sponsor approval. Customers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 in Qualifying Deposits per month. See terms and conditions for more information on how to qualify.</p><p>If you are signed up to earn interest, 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. Exceptions may apply. Savings yield rate is subject to change.</p>
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Frequently Asked Questions
When picking a new bank account, there are a few key things to consider, like the types of products and services they offer, the fees they charge, and the bonuses available. If you prefer visiting a branch, check if the bank has locations near you. And remember, you don’t have to stick with just one bank — opening different accounts at different banks can help you get the best rates and offers.
Checking accounts are a great starting point for managing your money because they’re easy to use and secure. You can use them for everyday tasks like paying bills, shopping, and receiving your paycheck. Having a checking account can help you keep your finances organized. For example, you can set up direct deposits from your employer and automate bill payments, making things more convenient. Plus, with mobile apps, you can check your account, transfer money, and make payments from anywhere, whether you're at home or on the move.
Requirements vary by bank for opening an account, but you’ll typically need to be at least 18 years old and have a valid Social Security number or Individual Taxpayer Identification Number. You’ll also need to submit photo identification and provide proof of your current address.
You should keep at least the minimum balance in your checking account and ensure you have enough to cover all your monthly bills. It’s a good idea to have a cushion to protect yourself from accidental overdrafts, but you shouldn’t keep too much money in your checking account if you could earn a better APY by moving some of that money into a savings account.
There’s no magic number; it’s totally okay to have one or multiple checking accounts in your name. Sometimes, having more than one checking account can make money management and budgeting easier. For example, you might want a separate checking account for spending on your kids, or a business checking account for your business expenses.
You may have noticed the words "Member FDIC" or "FDIC Insured" when shopping for a bank. The Federal Deposit Insurance Corporation provides deposit insurance for consumers, specifically to protect their funds if their bank fails.
Accounts that are insured by the FDIC must be deposit accounts, which include checking accounts, savings accounts, money market accounts, and CDs (certificates of deposit). With FDIC insurance, you’ll get up to $250,000 in insurance per owner, per insured institution, per account category.
How we chose these products
FinanceBuzz evaluated a selection of bank accounts offered by our partners, looking at various criteria including account fees, bonus offers, and more. We did not review all products in the category and compensation was considered when evaluating and ordering the products.