SoFi Checking and Savings
SoFi Checking and Savings are great options for those seeking to invest their money without sacrificing the convenience of a regular checking and savings account. With $0 monthly maintenance fees and no minimum deposit needed to open an account, you can be assured that it is easy to get started with this secure bank. Moreover, members with direct deposit qualify for up to 3.75% APY on savings and Vault balances and 2.50% on their checking balance, whereas members without direct deposit earn 1.20% APY.
And suppose you have trouble making a withdrawal due to insufficient funds. There’s no need to worry since SoFi offers No-Fee Overdraft Coverage, provided you have at least $1000 of monthly direct deposits. Better yet, there are 55,000+ ATMs within the Allpoint® Network that are free of charge so you can access your funds anytime and anywhere.
Synchrony Bank High Yield Savings
Finally, Synchrony Bank High Yield Savings is an accessible and competitive savings account. It provides an annual percentage yield (APY) of 3.99% with no minimum balance, no monthly fees, and no fees for excessive transactions. Withdrawals and transfers are restricted up to 6 times per statement cycle, but the average user is unlikely to be impacted by this limitation.
Unfortunately, it does not offer an overdraft facility or a checking account, but customers can enjoy the convenience of a free ATM card. Overall, this makes it an ideal choice for those who want good returns on their savings without being charged hidden fees or encountering other potential pitfalls.
Consider These Saving Accounts For High Interest And Low Fees!
When it comes to choosing a savings account, there are many great options available. But if you’re looking for high interest and low fees, the options on this list take a lot of work to beat. Therefore, whether you’re a beginner or a more experienced user, these online savings accounts should have something to appeal to everyone! From notable credit unions to international banks, the above accounts offer competitive and attractive savings solutions to help you reach your financial goals.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial, legal, or other professional advice. You should always seek the advice of a professional when making any financial decisions. The author does not assume any liability for the information provided in this article.
*Interest Rates Are Subject To Change. Information Valid As Of 3/8/2023.