Our pick for you

Why we think you’ll love it:

• Simple, user-friendly and fee-free online checking and savings accounts

• Savings earn 0.4% base APR, up to 2.8% if you meet eligibility criteria

• No background checks or minimum amounts needed to open or maintain accounts

• Helpful automatic savings tools

• Checking account can provide access to cash more frequently

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Why it might not be perfect:

• Does not have physical branches

• Must use AllPoint ATMs to withdraw cash for free (find these in the app)

• Must use Green Dot retailer to deposit cash (for a fee)

Why we think you'll love it

• Simple, user-friendly and fee-free online checking and savings accounts

• Savings earn 0.5% APR

• No background checks or minimum amounts needed to open or maintain accounts

• Helpful automatic savings tools

• Checking account can provide access to cash more frequently

Why it might not be perfect

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• Does not have physical branches

• Must use MoneyPass ATMs to withdraw cash for free (find these in the app)

• Must use Green Dot retailer to deposit cash (for a fee)

• Automatic direct deposit transfer tool limits you to just 0 or 10% (Varo allows for 0 - 100%)

Why we think you'll love it

• Simple, completely free savings account

• Savings earn high 0.8% APR

• Custom savings goals to easily track how you are saving towards each goal

• Open an account with your spouse or partner as a joint account 

• Cash out savings for Amazon.com gift cards

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Why it might not be perfect

• Must wait 1-3 days to access money when you transfer it out to your main account

• Savings accounts are federally limited to 6 withdrawals/month (but each savings goal has its own 6 limit)

• Online and app experience not as clean compared to other online banks