Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.
- Several financial institutions offer savings accounts with debit cards or ATM cards.
- You might like a bank account with card access if you use ATMs or want direct access to your money.
- If you’d like to have a card linked to your savings account, be mindful of how you use it.
Usually, only checking accounts or money market accounts offer a debit card. However, if you’d like direct access to money in a savings account, you also have some options to choose from.
Some financial institutions have savings accounts with debit cards so that you can access your money for purchases or ATM withdrawals. Several others also offer savings accounts with ATM cards linked to an account, strictly for ATM usage.
Here’s a list of banks that have a savings account with a linked debit card or ATM card, and what to consider when selecting an account.
28 savings accounts with a debit card or ATM card
1. Amalgamated Bank
Amalgamated Bank Give-Back Savings Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
1.11%
Minimum Deposit Amount
$100
- No monthly maintenance fees
- ATM card available
- Amalgamated Bank will donate the equivalent of half the interest you earn to the charity of your choice
- Earn a higher interest rate than the average traditional savings account at brick-and-mortar banks
- $100 minimum opening deposit
- Other online banks may offer a higher interest rate
Product Details
- Branches in San Francisco, New York City, and Washington, DC; You can also open an online-only account
- Access to over 40,000 free ATMs through the Allpoint network
- Amalgamated Bank will match the equivalent of half the interest you’ve earned on your account and donate it to a participating non-profit organization of your choice
- Interest compounded daily and deposited monthly
- FDIC insured
What to know about Amalgamated Bank: Amalgamated Bank is an eco-friendly bank with open branches in Washington, DC, and the New York City area. It also offers online-only checking and savings accounts if you don’t live in these places.
The Amalgamated Bank Give-Back Savings Account is an online-only savings account that comes with an ATM card.
2. Alliant Credit Union
Alliant High-Rate Savings Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
3.10%
Minimum Deposit Amount
$30 online/phone and $5 through paper, banking, loan applications
- Competitive APY
- Alliant covers your $5 minimum opening deposit
- No monthly service fee if you opt for eStatements instead of paper statements
- Interest compounded monthly, not daily
- Minimum $100 balance to earn interest
Product Details
- Several ways to become a member; the easiest is to join Foster Care for Success (Alliant will cover your $5 membership fee)
- Must maintain $100 balance to earn interest
- Interest compounded monthly
- Federally insured by the NCUA
What to know about Alliant Credit Union: Alliant Credit Union is an online institution. You can open accounts from anywhere in the US as long as you become a member. The easiest way to become part of Alliant Credit Union is by joining Foster Care to Success (Alliant will cover your $5 joining fee).
The Alliant High-Rate Savings Account offers an ATM card if you don’t have Alliant checking account debit card.
3. Bank of South Texas
Bank of South Texas Savings Account
Fees
$5 monthly service fee
Annual Percentage Yield (APY)
0.00% to 0.30%
Minimum Deposit Amount
None
- No minimum opening deposit
- Easy to waive $5 monthly service fee
- Free ATM card
- Competitive interest rate
- $5 monthly service fee
- Limited to 9 free withdrawals/transfers per quarter, then $5 per transaction
Product Details
- Hispanic American-owned bank
- 6 branches in Texas
- 55,000 free ATMs in the Allpoint network
- Waive $5 monthly service fee by maintaining a $50 daily balance
- No interest earned for the month if daily balance falls under $50
- Interest compounded daily, paid quarterly
- Member FDIC
What to know about Bank of South Texas: Bank of South Texas is a Hispanic American-owned bank with branches in the following cities in Texas: Pharr, McAllen, Kingsville, Hebbronville, and Mission.
You can get a free ATM card with a Bank of South Texas Savings Account.
4. Beneficial State Bank
Beneficial State Bank Savings Account
Fees
$3 or $5 monthly service fee
Annual Percentage Yield (APY)
0.40% to 0.50%
Minimum Deposit Amount
$50
- Possible to waive the monthly service fee
- ATM card included
- Low interest rate
- $50 minimum opening deposit
- $3 or $5 monthly service fee
Product Details
- 7 branches in California, Oregon, and Washington
- Access to over 70,000 surcharge-free ATMs through the MoneyPass ATM network
- Earn 0.15% APY on account balances under $1 million
- Earn 0.20% APY on account balances over $1 million
- $5 monthly service fee if you receive paper bank statements
- $3 monthly service fee if you receive online statements
- Waive the monthly service fee if meet one of the following requirements: keep a monthly average balance of $200 or more; are a service member or student; are over the age of 55
- Interest compounded daily and deposited monthly
- Member FDIC
What to know about Beneficial State Bank: Beneficial State Bank is a socially responsible bank with seven branches in California, Oregon, and Washington.
You can get a free ATM card with the Beneficial State Bank Savings Account.
5. Bethpage Credit Union
Bethpage Federal Credit Union Savings Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
0.10%
Minimum Deposit Amount
$5
- $5 minimum opening deposit
- ATM card included
- No monthly service fees
- Low interest rate
Product Details
- Join Bethpage by opening a savings account with $5
- 33 branches in New York State
- 33,000+ free ATMs, 5,000+ shared branches
- Interest compounded daily
- Federally insured by the NCUA
What to know about Bethpage Credit Union: Bethpage Federal Credit Union has 33 branches around New York State. You may also open an account online if you don’t live near a branch. To join Bethpage FCU, you just need to open a Bethpage Federal Credit Union Savings Account account with $5. This savings account also comes with an ATM card.
6. Caribe Credit Union
What to know about Caribe Credit Union: Caribe is a Hispanic American-led credit union with branches in the following cities in Puerto Rico: San Juan, Guaynabo, and Ponce. The credit union’s savings account also has a debit card included.
7. Charles Schwab
Schwab Bank High Yield Investor Savings® Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
0.48%
Minimum Deposit Amount
$0
- No opening deposit
- No minimum account balance
- No monthly service fee
- Comes with a debit card
- Unlimited out-of-network ATM fee reimbursements
- No foreign transaction fees
- 24/7 online chat
- Low APY
- No way to deposit cash
Product Details
- 24/7 online chat
- No opening deposit, minimum account balance, or monthly fee
- Member FDIC
What to know about Charles Schwab: Charles Schwab is primarily known for its investment services, but it also offers banking products. You access money from the Schwab Bank High Yield Investor Savings® Account with a Schwab Bank Visa Platinum Debit Card.
8. Citizens State Bank
Citizens State Bank Personal Savings Account
Fees
$20 quarterly service fee
Annual Percentage Yield (APY)
0.25%
Minimum Deposit Amount
$100
- Possible to waive $20 quarterly fee
- Request an ATM card
- $100 minimum opening deposit
- Low interest rate
- $20 quarterly fee
- $2 monthly fee per ATM card on the account
- Limited to 3 free transfers/withdrawals per quarter, then $4 fee per transaction
Product Details
- Hispanic American-owned bank with 2 branches in Texas (Roma, Rio Grande City)
- Waive $20 quarterly fee by maintaining a minimum $300 daily balance
- Interest compounded daily, paid quarterly
- Member FDIC
What to know about Citizens State Bank: Citizens State Bank is a local Hispanic American-owned bank with a branch in Roma and Rio Grande City, Texas. You can request an ATM card with the Citizens State Bank Personal Savings Account.
9. Comerica
Comerica Statement Savings Account
Fees
$5.50 monthly service fee
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$50
- Possible to waive the monthly service fee
- ATM card included
- Low APY
- $5.50 monthly service fee
- $50 minimum opening deposit
Product Details
- Over 400 banking centers in Arizona, California, Florida, Michigan, and Texas
- Over 600 free ATMs
- To waive the $5.50 monthly service fee you meet one of the following requirements: own a checking account; maintain at least $500 in your account daily; be under the age of 18; or be 62 years or older and have a direct deposit of Social Security, pension, or other federal recurring payment
- Interest compounded and deposited monthly
- Member FDIC
What to know about Comerica: Comerica has more than 400 banking centers and 600 ATMs in Arizona, California, Florida, Michigan, and Texas. The Comerica Statement Savings Account includes an ATM card.
10. Community 1st Bank Las Vegas
What to know about Community 1st Bank Las Vegas: Community 1st Bank Las Vegas is a Hispanic American-owned bank with three branches in Mora and Las Vegas, New Mexico. You can request an ATM card for the Community 1st Bank Las Vegas Savings Account.
11. Connexus Credit Union
Connexus Credit Union Members Savings Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
0.25%
Minimum Deposit Amount
$5
- $5 minimum opening deposit
- Good interest rate
- No monthly service fees
- Debit card included
- Must keep at least $100 in account to earn interest
- Interest compounds monthly, not daily
Product Details
- Become a Connexus member by donating $5 to the Connexus Association
- 54,000+ free ATMs
- Federally insured by the NCUA
What to know about Connexus Credit Union: Connexus Credit Union is an online financial institution with branches in Wisconsin, Minnesota, Ohio, and New Hampshire. The easiest way to become a member of Connexus is to join the Connexus Association by making an initial $5 donation.
You can get a debit card with the Connexus Credit Union Members Savings Account.
12. First Independence Bank
First Independence Bank Personal Savings Account
Fees
$5 monthly service fee
Annual Percentage Yield (APY)
0.00% to 0.10%
Minimum Deposit Amount
$25
- $25 minimum opening deposit
- Includes an ATM card
- Easy to waive $5 monthly service fee
- Low APY; no interest earned on balances under $200
- $5 monthly service fee
- $2 out-of-network ATM fee
- Interest only compounded quarterly
Product Details
- Black-owned bank in Detroit, Michigan, and Minneapolis, Minnesota
- 147 free ATMs in the Metro Detroit area (First Independence Bank, Fifth Third, and TCF networks)
- Waive $5 monthly service fee by maintaining a minimum $200 daily balance
- Interest compounded and paid quarterly
- FDIC insured
What to know about First Independence Bank: First Independence Bank is a Black-owned bank with two branches in Michigan. The First Independence Bank Personal Savings Account comes with an ATM card.
13. First National Bank
First National Bank FirstRate Savings Account
Fees
$5 monthly service fee
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$50 (online); $0 (in-branch)
- Low minimum opening deposit
- Possible to waive the monthly service fee
- Debit card option
- Low interest rate
- $5 monthly service fee
- Interest compounds quarterly, not daily
Product Details
- Nearly 340 branches and over 800 ATMs in 7 states on the East Coast
- To waive the $5 monthly service fee, maintain at least $500 in your account daily
- Interest compounded and deposited quarterly
- Member FDIC
What to know about First National Bank: First National Bank is a brick-and-mortar financial institution with branches in Maryland, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, West Virginia, and Washington, DC.
The First National Bank FirstRate Savings Account offers a debit card.
14. Golden Bank
Golden Bank Regular Savings Account
Fees
$5 monthly service fee
Annual Percentage Yield (APY)
0.10%
Minimum Deposit Amount
$100
- Possible to waive monthly service fee
- Free ATM card
- Low interest rate
- $100 minimum opening deposit
- $5 monthly service fee
- Limit of 6 free withdrawals per quarter
- $1 excess withdrawal fee
Product Details
- Asian American-led bank with 9 branches in California and Texas
- Fee-free withdrawals at Cirrus or Pulse ATMs
- To waive monthly service fee, keep at least $100 in your account daily
- Limit of 6 free withdrawals per quarter
- $1 excess withdrawal free for each withdrawal that exceeds the quarterly limit
- May receive up to $25 per month in ATM refunds
- Interest compounded daily, deposited monthly
- Member FDIC
What to know about Golden Bank: Golden Bank is an Asian American-led bank with nine branches in California and Texas. You may get an ATM card with the Golden Bank Regular Savings Account.
15. Hope Credit Union
Hope Credit Union Savings Account
Start saving
Fees
no monthly service fee
Annual Percentage Yield (APY)
up to 0.25%
Minimum Deposit Amount
$15
- $15 minimum opening deposit
- No monthly service fees
- Includes a free ATM card
- Higher APY than many brick-and-mortar banks
- Only 3 withdrawals with a teller and 3 withdrawals at an ATM each month
- No interest earned if your balance is under $100
- Dividends only compound quarterly
- $15 minimum balance, otherwise your account goes into overdraft
Product Details
- Black-owned credit union
- You only need to pay a $10 membership fee to join Hope Credit Union
- 28 branches and ATMs in AL, AR, LA, MS, and TN
- Use over 5,000 branches and 30,000 ATMs in the CO-OP Shared Branching Network
- Must maintain $100 balance to earn interest; 0.25% APY on balances up to $100k, 0.10% APY on balances over $100k
- Interest compounded quarterly
- Federally insured by the NCUA
What to know about Hope Credit Union: Hope Credit Union is a Black-owned credit union with branches in Alabama, Arkansas, Louisiana, Mississippi, and Tennessee. You can get an ATM card with the Hope Credit Union Savings Account.
Anyone can become a member of Hope Credit Union. You just have to pay the one-time $10 membership fee.
16. Interamerican Bank
Interamerican Bank Regular Savings Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
0.10% to 0.40%
Minimum Deposit Amount
$10
- No monthly service fees
- Low minimum opening deposit
- Competitive APY, especially if you can reach the highest tier
- ATM card offering
- Interest compounded monthly, not daily
- Lower interest rates on lower balances
Product Details
- Hispanic American-owned bank
- 5 branches located in Florida
- Free ATMs are available at branches, plus any PUBLIX ATMs
- No monthly service fees
- Tiered rate: earn 0.10% APY if you maintain up to $99,999 in your account; earn 0.20% APY if you maintain $100,000 to $799,999 in your account; earn up to 0.40% APY if you maintain $800,000 or more in your account
- Interest compounded and deposited monthly
- Member FDIC
What to know about Interamerican Bank: Interamerican Bank is a Hispanic American-owned bank with branches in Miami, Florida, and West Palm Beach, Florida. An ATM card is available with the Interamerican Bank Regular Savings Account.
17. LendingClub
LendingClub High-Yield Savings Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
4.65%
Minimum Deposit Amount
$100
- No monthly service fees
- Free ATM card included
- $100 minimum opening deposit
- Interest compounds monthly
Product Details
- Online banking institution with 1 branch in Boston, Massachusetts
- Earn 4.65% APY regardless of your account balance
- Interest compounded monthly, deposited monthly
- Member FDIC
What to know about LendingClub: LendingClub is a personal loan provider and online banking institution. You may request an ATM card with the LendingClub High-Yield Savings Account.
18. Old National Bank
ONB Basic Savings Account
Fees
$4 monthly service fee
Annual Percentage Yield (APY)
0.01% to 0.03%
Minimum Deposit Amount
$50
- Possible to waive the monthly service fee
- ATM card included
- Low interest rate
- $4 monthly service fee
- Limit of 3 withdrawals per month
- $2 charge if you exceed the monthly withdrawal limit
Product Details
- Nearly 200 branches in IL, IN, KY, MI, MN, and WI
- To waive the $4 monthly service fee, you must keep at least $300 in your account daily
- Earn 0.01% APY if you have an account balance under $10,000
- Earn 0.03% APY if you have an account balance over $10,000
- Interest compounded and deposited quarterly
- Member FDIC
What to know about Old National Bank: Old National Bank has nearly 200 branches in Illinois, Indiana, Kentucky, Michigan, Minnesota, and Wisconsin. The ONB Basic Savings Account offers an ATM card.
19. Puerto Rico Federal Credit Union
Puerto Rico Federal Credit Union Regular Actions Account
Annual Percentage Yield (APY)
0.20% to 0.35%
Minimum Deposit Amount
$5
- Good interest rate, compared to brick-and-mortar financial institutions
- $5 minimum opening deposit
- ATM card included
- Must deposit $5 in account every other week or during each pay period to maintain membership
- Online banks offer higher interest rates
- Interest compounded monthly, not daily
Product Details
- Credit union that serves a Hispanic American community
- 4 branches in Puerto Rico (Caparra, Quebradillas, Manatee, and Aguadilla)
- Free ATMS through ATH, NYCE, CIRRUS, and COOP24 networks
- To become a member, you must meet one of the following qualifications: Work at one of 15 affiliated companies; live, work, or go to school in San Juan, Puerto Rico; be a member or employee of the Museo de Arte de Ponce de Puerto Rico or make a donation to the museum; be the spouse of a member that passed away while he or she had an active savings account or loan; be an immediate family member of a current member
- Tiered interest rate: Earn 0.20% APY if you have an account balance between $5 and $2,999; Earn 0.25% APY if you have an account balance between $3,000 and $9,999; Earn 0.30% APY if you have an account balance between $10,000 and $49,999; Earn 0.35% APY if you have an account balance over $50,000
- To maintain an active membership, you must deposit $5 every other week or during each payment period
- Interest compounded and deposited monthly
- Federally insured by the NCUA
What to know about Puerto Rico Federal Credit Union: Puerto Rico Federal Credit Union is a Hispanic-American-led financial institution with one branch in Caparra and a second in Quebradillas. You can request an ATM card with the Puerto Rico Federal Credit Union Regular Actions Account.
To become a member, you’ll need to open a regular shares account and meet certain membership requirements.
20. SoFi
SoFi Checking and Savings
Fees
no monthly service fee
Annual Percentage Yield (APY)
up to 4.60%
Minimum Deposit Amount
$0
- FDIC insured for $2 million
- High interest rate
- Earn a higher interest rate with qualifying activities
- No minimum opening deposit
- No monthly service fees
- No overdraft fees
- Up to $300 bonus with qualifying direct deposit (terms apply)
- Earn up to 15% cash back at local retailers if you use a SoFi debit card
- No-fee overdraft coverage if you overdraw up to $50
- Savings tools
- Early direct deposit
- Joint account available
- Declined purchase if you overdraw by more than $50
- Doesn’t reimburse out-of-network ATM providers’ fees
- May deposit cash at Green Dot locations but there’s a $4.95 fee
Product Details
- FDIC insured for $2 million
- Free access to 50,000+ Allpoint ATMs worldwide
- Hybrid checking/savings account
- Earn up to 15% cash back on local retailers when you use a SoFi debit card; Retailer information is available through online banking
- Earn 4.60% APY on savings balances (Vaults included) and 0.50% APY on checking balances if you set up direct deposit or deposit minimum $5,000 per month
- Earn 1.20% APY on SoFi Checking and Savings if you don’t have qualifying activities
- Earn up to $300 cash bonus available through June 30, 2024; receive a $50 bonus if you make a direct deposit between $1,000 and $4,999 in the first 30 days of opening an account; receive a $300 bonus if you make a direct deposit of $5,000 or more in the first 30 days of opening an account
- Create up to 20 Money Vaults to save for individual savings goals like an emergency fund or vacation
- $4.95 fee each time you deposit cash at a Green Dot location
- To get no-fee overdraft coverage you must have at least $1,000 in direct deposits
What to know about SoFi: SoFi is a fintech platform that offers loans, investment accounts, and banking options. SoFi Checking and Savings is a hybrid bank account that combines checking and savings features. It also includes a debit card.
21. Synchrony
Synchrony High Yield Savings Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
4.75%
Minimum Deposit Amount
$0
- Competitive APY
- Comes with an ATM card
- No required opening deposit or minimum account balance
- No monthly service fee
- No physical branch locations
- Only reimburses up to $5 of out-of-network ATM fees per month
Product Details
- Access your cash online, by phone or via ATM
- Manage your accounts from virtually anywhere in the Synchrony app
- No minimum balance
- Interest compounded daily, paid monthly
- FDIC insured
What to know about Synchrony: Synchrony is an online-only institution with savings accounts, money market accounts, and CDs. The Synchrony High Yield Savings Account has an ATM card. You can also use it to make purchases at stores by entering your PIN.
22. The Harbor Bank of Maryland
The Harbor Bank of Maryland Statement Savings Account
Fees
$3 monthly service fee
Annual Percentage Yield (APY)
up to 0.10%
Minimum Deposit Amount
$100
- Includes an ATM card
- Easy to waive $3 monthly service fee
- $100 minimum opening deposit
- $3 monthly service fee
- Low APY
- No interest earned on balances under $100
- Interest does not compound
Product Details
- Black-owned bank in Maryland (Baltimore, Randallstown, Silver Spring)
- 55,000 free ATMs in the Allpoint network
- Waive $3 monthly fee by maintaining a $100 balance
- Interest does not compound
- Member FDIC
What to know about The Harbor Bank of Maryland: The Harbor Bank of Maryland is a local Black-owned bank. It has a few locations in Baltimore, Randallstown, and Silver Spring. The Harbor Bank of Maryland Statement Savings Account comes with an ATM card.
23. Transit Employees Federal Credit Union
What to know about Transit Employees Federal Credit Union: Transit Employees Federal Credit Union is a minority-led credit union. It has one branch in Alexandria, Virginia, and one in Washington, DC. To become a member, you’ll need to meet certain membership requirements.
You may get an ATM card if you open the Transit Employees Federal Credit Union Share Savings Account.
24. UFB Direct
UFB Secure Savings
Fees
no monthly service fee
Annual Percentage Yield (APY)
5.25% (as of 11/16/23)
Minimum Deposit Amount
$0
- High interest rate
- No monthly service fee
- No minimum opening deposit
- ATM card included
- May not be easy to deposit cash (Only cash accepting ATMs)
Product Details
- Earn up to 5.25% APY*.
- No monthly maintenance fees.
- No minimum deposit required to open an account.
- Access your funds 24/7 with easy-to-use digital banking tools.
- Enjoy peace of mind with FDIC insurance up to the maximum allowance limit ® Certificate #35546.
- * The Annual Percentage Yield (APY) is accurate as of 11/16/2023. The interest rate and corresponding APY for savings is variable and is set at UFB’s discretion. This is a tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.
What to know about UFB Direct: UFB Direct is an online division of Axos Bank. You can get UFB Secure Savings with an ATM card.
25. Umpqua Bank
Umpqua Bank Grow Savings Account
Fees
$3 monthly service fee
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$25
- Low minimum opening deposit
- Umpqua ATM card
- Possible to waive the monthly service fee
- Low interest rate
- $3 monthly service fee
Product Details
- 305 branch locations in California, Idaho, Nevada, Oregon, and Washington
- Over 200 free ATMs
- To waive the $3 monthly service fee, you must meet one of the following requirements: keep at least $200 in your account daily, make at least one monthly transfer from another Umpqua personal account; be under the age of 18 or over the age of 55
- No monthly service fees on up to three Grows Savings or Thrive Money Market accounts if you own an Access Checking Account
- No monthly service fees on up to five Grows Savings or Thrive Money Market accounts if you own an Attain Checking Account
- Interest compounded and deposited monthly
- Member FDIC
What to know about Umpqua Bank: Umpqua Bank has over 200 locations in California, Idaho, Nevada, Oregon, and Washington. Its Umpqua Bank Grow Savings Account comes with an ATM card.
26. USAA
USAA Savings Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$25
- $25 minimum opening deposit
- No monthly service fees
- Free ATM card upon request
- Low interest rate
Product Details
- Available to active military, veterans, and military families
- Financial centers in Colorado, Maryland, New York, and Texas.
- 1,200 USAA ATMs; 100,000 USAA-preferred ATMs nationwide
- Interest compounded and deposited monthly
- FDIC insured
What to know about USAA: USAA is a diversified financial services group that has insurance, investing, banking, and retirement options. You can get an ATM card with the USAA Savings Account.
27. Valley National Bank
Valley All Access Savings Account
Fees
$5 monthly service fee
Annual Percentage Yield (APY)
0.85%
Minimum Deposit Amount
$100
- ATM card included
- Possible to waive monthly service fee
- Low interest rate
- $5 monthly service fee
- Must keep at least $100 in account to earn interest
Insider’s Take
Valley National Bank might be worth considering if you’re a resident of New York, New Jersey, Florida, or Alabama, who prioritizes a strong checking account. The Valley All Access Rewards Checking Account charges zero monthly service fees and offers a bonus of up to $240 for the first year if you meet specific requirements. If you don’t live in an eligible state, you may want to consider one of the best checking accounts online.
Valley National Bank
Product Details
- Over 200 branches and ATMs in NY, NJ, FL, and AL
- Earn 0.85% APY if you maintain at least $100 in your account
- To waive the monthly service fee, keep at least $300 in your account
- Interest compounded daily, deposited quarterly
- Member FDIC
What to know about Valley National Bank: Valley National Bank is a regional financial institution. It has over 200 branches in New York, New Jersey, Florida, and Alabama.
The Valley All Access Savings Account comes with an ATM card.
28. Zapata National Bank
Zapata National Bank Savings Personal Account
Start saving
Fees
$5 monthly service fee
Annual Percentage Yield (APY)
up to 0.10%
Minimum Deposit Amount
$300
- Includes ATM card
- Able to waive $5 monthly service fee
- $300 minimum opening deposit
- Low interest rate
- $5 monthly service fee
- Only 1 free withdrawal per month, then $2 per withdrawal
Product Details
- Hispanic American-owned bank with 1 branch in Zapata, TX
- 2 free ATMs
- Waive $5 monthly service fee by maintaining a $300 balance
- No interest earned when daily balance falls under $300
- Interest compounded daily, paid quarterly
- Member FDIC
What to know about Zapata National Bank: Zapata National Bank is a Hispanic American-owned bank with one branch in Zapata, Texas. The Zapata National Bank Savings Personal Account includes an ATM card.
Frequently asked questions
It depends on how you plan to use your savings account and where you bank.
For example, if you only have a savings account (and not a checking account) at an online-only bank, you won’t be able to visit a branch to withdraw money. Instead, you’ll usually have to transfer money to another bank account from a different financial institution, which can take a few days to process. With a debit card, though, you’ll be able to withdraw money from nearby ATMs.
Ultimately, you might find it worthwhile to get a savings account with a debit card or ATM card if you’d like easy access to your money.
A debit card usually allows you to make purchases online or at stores. You can also use a debit card at ATMs. ATM cards only allow you to make transactions at ATMs.
The value of a debit card is that it’s a convenient way to spend money. You can use it anywhere and keep track of your spending.
“It’s kind of like a cash equivalent,” explains Anh Thu Tran, CFP professional and principal at Womens Wealth LLC. “It keeps people top of mind that one, they are spending real money, and two, they can see the impact on their account.”
That said, you don’t want to make numerous transactions from a savings account. According to federal regulation, banks are permitted to enforce a maximum limit of six transactions per month. Some financial institutions could charge you a fee for additional withdrawals or transfers.
You’ll want to be mindful of where you use a debit card because it doesn’t offer the same protections as a credit card. If you’re a victim of debit card fraud, you may lose money if you don’t report it quickly to a financial institution.
John Breyault, National Consumer League vice president of public policy, telecommunications, and fraud, suggests avoiding using your debit card at gas stations, restaurants, or bars because these are common places for card skimming.
“These are devices that they place over the card terminal to try and capture your card information that can be used later on to clone the card or make purchases online,” explains Breyault.
At these locations, you might prefer using a credit card since you’ll benefit from zero liability protection. You can also use cash instead.
Credit: Source link