Best Checking and Savings accounts of October 2025:
Explore the world of banking with our easy-to-use platform designed to help you learn about and compare various bank accounts. We provide detailed insights into fees, interest rates, and features.
Online Checking Account - SoFi
APY:
0.50%*
Notes:
No monthly fee with direct deposit, access to over 16,000 ATMs, and mobile banking.
on their website
Advantage Plus Banking
APY:
0.01%*
Notes:
No monthly fee with direct deposit, access to a large ATM network, and overdraft protection options.
on their website
360 Checking - Capital One
APY:
0.10%*
Notes:
No monthly fees, no minimum balance, and access to over 39,000 ATMs.
on their website
Ally Checking Account - Ally Bank
APY:
0.50%*
Notes:
No monthly maintenance fees, no overdraft fees, and access to over 75,000 ATMs.
on their website
Key Highlights:
SoFi offers a checking account with a 0.50%* annual percentage yield (APY) on balances, which can be increased to 3.80%* APY for savings with eligible direct deposits. The account has no monthly fees and provides access to over 55,000 ATMs through the Allpoint network, allowing for fee-free withdrawals. Additionally, customers can earn bonuses for meeting direct deposit requirements, with a potential bonus of up to $300 based on the amount deposited.
Bank of America’s Advantage Banking offers a variety of checking account options tailored to different needs, including SafeBalance Banking, which has no monthly fees and is designed for students and young adults. Customers can benefit from features like overdraft protection, digital banking, and the ability to waive monthly fees through direct deposits or maintaining a minimum balance. Additionally, the accounts come with tools for budgeting and managing finances, such as alerts and mobile banking access.
Capital One’s 360 Online Checking Account offers a no-fee banking experience with no minimum balance requirements and no overdraft fees. Customers can access their funds through a network of over 70,000 fee-free ATMs and enjoy features like early paycheck access and a user-friendly mobile app for managing their accounts. Additionally, the account includes a no-fee debit card and the ability to send and receive money using Zelle.
- Ally Bank’s Interest Checking Account features no monthly maintenance fees and allows customers to earn interest on their balances, starting at 0.10%* APY for amounts under $15,000. The account provides access to fee-free ATMsthrough the Allpoint and MoneyPass networks, along with reimbursement for fees incurred at other ATMs up to $10 per statement cycle. Additionally, it includes a CoverDraft service that offers temporary overdraft protection without any associated fees, ensuring peace of mind for account holders.
These accounts cater to different needs, so consider your banking habits and preferences when choosing the right one for you.
*interest rates subject to change
Chase Savings
APY:
0.01%*
Notes:
No monthly fee with a minimum balance, access to a large ATM network, and online banking.
on their website
Advantage Savings Account
APY:
0.01%*
Notes:
No monthly fee with a minimum balance, access to a large ATM network, and overdraft protection options.
on their website
Truist One Savings Account
APY:
0.01%*
Notes:
No monthly fee with a minimum balance, access to online banking, and mobile app features.
on their website
PNC Standard Savings
APY:
0.01%*
Notes:
No monthly fee with a minimum balance, access to a large ATM network, and online banking.
on their website
Key Highlights:
Chase’s Savings Account offers a 0.01%* annual percentage yield (APY) with no monthly maintenance fees if certain balance requirements are met, such as maintaining a minimum daily balance of $300. Customers can access their funds through over 15,000 ATMs and 5,000 branches, providing convenient banking options. Additionally, the account allows for easy online transfers and mobile banking, making it a practical choice for everyday savings.
Bank of America’s Advantage Savings Account offers a 0.01%* annual percentage yield (APY), with the potential for higher rates based on account balances and linked checking accounts. Customers can avoid monthly maintenance fees by maintaining a minimum daily balance or linking to eligible accounts, making it accessible for various savers. Additionally, the account features tools like the Keep the Change® program, which automatically rounds up purchases to help customers save more effortlessly.
The Truist One Savings Account offers a 0.01%* annual percentage yield (APY) with no monthly maintenance fees if certain conditions are met, such as maintaining a minimum daily balance of $300 or scheduling a recurring transfer. Customers can make up to six withdrawals per month without incurring fees, with a $5 fee for each additional withdrawal. This account also provides optional overdraft protection when linked to a Truist checking account, enhancing financial security for account holders.
- PNC’s Standard Savings Account requires a minimum deposit of $1 to earn interest and has no monthly maintenance fees if certain conditions are met, such as maintaining an average monthly balance of $300 or linking to a PNC checking account. Customers can make unlimited deposits and up to six withdrawals per month without incurring fees, providing flexibility for managing savings. Additionally, the account offers online and mobile banking access, allowing users to easily track their savings and set up automatic transfers.
While the APYs for these accounts are currently low, they offer the convenience of branch access and additional banking services.
*interest rates subject to change
High-Yield Savings Account
APY:
5.00%*
Notes:
No monthly fees, no minimum balance, and a high interest rate.
on their website
High Yield Savings Account
APY:
4.25%*
Notes:
No fees, no minimum balance, and access to financial planning tools.
on their website
Online Savings Account
APY
3.65%*
Notes:
Competitive rates, no monthly fees, and no withdrawal limits.
on their website
Tiered Savings Account
APY:
3.90%*
Notes:
No monthly fees, unlimited deposits and withdrawals, and a strong interest rate.
on their website
Key Highlights:
Varo’s High-Yield Savings Account allows customers to earn up to 5.00%* annual percentage yield (APY) on balances up to $5,000, with a lower rate of 2.50%* APY on any amount above that. To qualify for the highest rate, account holders must receive direct deposits totaling at least $1,000 each month and maintain a positive balance. The account has no monthly fees or minimum balance requirements, making it an attractive option for savers looking to grow their funds efficiently.
SoFi’s High Yield Savings Account offers a competitive 3.80%* annual percentage yield (APY) for customers who set up eligible direct deposits, with a lower rate of 1.00%* APY for those without. There are no monthly fees or minimum balance requirements, making it accessible for all savers. Additionally, the account provides features like automated savings tools and the ability to create “Vaults” for specific savings goals, enhancing financial management.
Marcus by Goldman Sachs offers a High-Yield Savings Account with a competitive 3.65%* annual percentage yield (APY) and no monthly fees or minimum deposit requirements. The account allows for unlimited withdrawals and interest compounds daily, making it a flexible option for savers. Additionally, customers can benefit from referral bonuses and 24/7 customer support, ensuring a supportive banking experience.
- Barclays’ Tiered Savings Account offers customers the opportunity to earn up to 4.20%* annual percentage yield (APY), with rates increasing based on account balances. There are no monthly maintenance fees or minimum deposit requirements, making it accessible for all savers. Additionally, the account provides 24/7 online access and allows for easy direct deposits and online transfers, enhancing convenience for account holders.
*interest rates subject to change
Banking FAQ's:
What is a checking account? A checking account is a type of bank account that allows you to deposit and withdraw money for everyday transactions, such as paying bills and making purchases.
What is a savings account? A savings account is a bank account designed for saving money, typically offering interest on the balance while allowing limited withdrawals.
What is the difference between a checking and savings account? Checking accounts are used for daily transactions and often come with checks and debit cards, while savings accounts are intended for saving money and usually earn interest.
How do I open a checking or savings account? To open an account, you typically need to provide personal identification, proof of address, and possibly an initial deposit, depending on the bank’s requirements.
What fees are associated with checking and savings accounts? Fees can include monthly maintenance fees, overdraft fees, ATM fees, and minimum balance fees. Some accounts may waive fees if certain conditions are met.
How is interest calculated on savings accounts? Interest on savings accounts is usually calculated daily and paid monthly or quarterly, based on the account balance and the bank’s interest rate.
What is an overdraft? An overdraft occurs when you withdraw more money from your checking account than is available, potentially resulting in fees or a negative balance.
Can I access my savings account easily? While savings accounts allow withdrawals, they may have limits on the number of transactions per month, making them less accessible for frequent use compared to checking accounts.
What is a joint account? A joint account is a bank account shared by two or more individuals, allowing all account holders to deposit, withdraw, and manage the funds.
How can I choose the right account for my needs? Consider factors such as your spending habits, the need for access to funds, interest rates, fees, and any additional features like online banking or mobile apps when selecting an account.