Money

The Ally Interest Checking Account provides a competitive APY and overdraft protection for no monthly fee

2 days ago   |   By Business Insider

Alyssa Powell/Business Insider
The Ally Interest Checking Account is known for its relatively high APY, ease of use, and low costs.
The account is good for people who don't mind banking digitally and who prefer to do all their banking with the same institution.
Ally doesn't charge monthly fees, and you can enroll in overdraft protection if you also have an Ally savings or money market account.
Ally isn't practical for people who need to deposit cash, but it's easy to deposit checks digitally and to set up direct deposits.
See Business Insider's picks for the best checking accounts »
Ally...
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CIT Bank is an online-only bank that pays competitive rates on checking, savings, CDs, and money market accounts

CIT Bank is an online-only bank that pays competitive rates on checking, savings, CDs, and money market accounts

2 days ago   |   By Business Insider

CIT Bank is an online-only bank that offers savings, checking, and money market accounts, as well as CDs.
The bank doesn't charge monthly service fees, and it pays competitive rates on all its accounts.
You'll need at least $100 to open a checking, saving, or money market account, and at least $1,000 to open a CD with CIT Bank.
The bank doesn't have an ATM network, but it does reimburse up to $30 per month for out-of-network fees.
See Business Insider's picks for the best high-yield savings accounts »
CIT Bank is an online-only bank that provides a variety of bank accounts and pays...
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Here are the best savings accounts right now

Here are the best savings accounts right now

2 days ago   |   By Business Insider

Alyssa Powell/Business Insider
The best savings accounts right now:
Ally Bank : Best savings account overall
Vio High-Yield Savings Account : Best savings account for high APY
Capital One : Best savings account for kids/teens
Synchrony Bank : Best savings account for college students
Ally CD : Best savings account for long-term goals
Picking the best savings account to store your money is nearly as important as how much you save. Fees can eat into your cash, but a good interest rate can help grow it.
Many of us are guilty of settling for the savings account at the bank that holds our...
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Here are the best online high-yield savings accounts right now

Here are the best online high-yield savings accounts right now

2 days ago   |   By Business Insider

The best online high-yield savings accounts right now:
Account
Annual Percentage Yield *
Editor's Note
Ally High Yield Savings Account 1.25% APY
Best Overall
Vio HYS Account 1.50% APY
Highest APY
Ally High Yield Savings Account 1.25% APY
Best mobile app
CIT Bank Savings Builder High Yield Savings Account 1.04% - 1.25% APY
Best for automatic saving
Synchrony High-Yield Savings Account 1.30% APY
Great ATM access
*As of May 2020, the national average APY on savings accounts is 0.07% according to the FDIC .
You really can't go wrong with a high-yield savings account. If you've decided to store...
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Here are the banks with the best CD rates

Here are the banks with the best CD rates

2 days ago   |   By Business Insider

Alyssa Powell/Business Insider
Here are the best CD rates right now:
Best rates for a 1-year term
CD account
Rate
Marcus by Goldman Sachs High-Yield CD 1.35%
Ally High Yield CD 1.30%
CIT Bank CD 1.30%
Discover CD 1.25%
Best rates for a 3-year term
CD account
Rate
Ally High Yield CD 1.35%
Discover CD 1.30%
Synchrony CD 1.25%
Best rates for a 5-year term
CD account
Rate
Ally High Yield CD 1.40%
Synchrony CD 1.40%
Discover CD 1.40%
Best rates for a no-penalty CD
CD account
Rate
Ally No Penalty CD 1.25%
CIT Bank Certificate of Deposits 1.20%
Marcus by Goldman Sachs High-Yield CD 1.10% to...
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Capital One 360 pays competitive rates on savings accounts, checking accounts, and CDs, with no required opening deposit

Capital One 360 pays competitive rates on savings accounts, checking accounts, and CDs, with no required opening deposit

2 days ago   |   By Business Insider

Capital One 360; Alyssa Powell/Business Insider
Capital One has branch locations in eight US states and Washington DC. Capital One 360 is its online operation.
You can open a Capital One 360 Performance Savings™, Capital One 360 Checking®, or Capital One 360 CDs® with Capital One 360.
You'll earn competitive rates on all your Capital One 360 accounts, and the bank doesn't require initial deposits.
Capital One 360 pays 0.10% on all checking account balances and offers checking and savings accounts specifically for minors.
See Business Insider's picks for the best high-yield savings accounts...
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The best checking accounts

The best checking accounts

2 days ago   |   By Business Insider

Alyssa Powell/Business Insider
Capital One 360 : Best checking account overall
Discover CashBack Debit : Best checking account for rewards
Chase Total Checking : Best checking account for branch/ATM access
Chase College Checking : Best checking account for students
HMBradley : Best checking account/savings account hybrid
Simple Online Checking : Best online-only checking account
A checking account is like ground zero for managing your money.
In the words of financial expert Ramit Sethi , a checking account is best used like an "email inbox" for your income - once the cash is deposited, you...
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The best no-fee checking accounts right now

The best no-fee checking accounts right now

2 days ago   |   By Business Insider

Alyssa Powell/Business Insider
Capital One 360 : Best no-fee checking account overall
Discover CashBack Debit : Best no-fee checking account for rewards
US Bank Student Checking : Best no-fee checking account for students
HMBradley : Best no-fee checking account/savings account hybrid
Simple Online Checking : Best no-fee, online-only checking account
A good checking account is a necessity. It's a temporary home for the money you earn and soon spend on your needs, wants, and future goals - and it shouldn't cost you anything.
These days, most banks offer conditional no-fee checking accounts...
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