Make your money work for you
Most traditional banks don’t offer the best returns on your money when sitting in a savings account. That’s why I use online banks that have lower overhead and give higher returns to their users. I still use a traditional bank for most of my spending. However, I use these high-yeild banking options for my emergency funds and savings accounts.
It’s always best to set money aside for a rainy day. It’s even better when that money is growing for you while you wait for that rainy day.
Acorns
Checking, Savings, Investment Accounts
Get $5 when opening an investing account and depositing $50
Acorns Also offers around 2.5% interest on their checking accounts. which is unheard of from most banks.
They also offer around 4% interest on their savings accounts.
Acorns is also an amazing all in one investment manager. this has been my go to emergency fund/investment app for over a decade now.
SoFi
Checking and Savings accounts
Get $25 when you make an initial deposit of $50 or more.
Earn close to 4% interest on your savings balance when you set up a monthly direct deposit. you can easily set up your paycheck to deposit only $100/month into your SoFi account and you’ll start earning around 4% interest on your balance.
Chase Bank
Checking, Savings, Loans, Credit Cards
Get $300 as a new Chase customer opening a checking account
Chase is one of the most known banks in the world offering competitive opportunities with checking, saving, investing, loan, and credit cards. This has been my main bank for over a decade now.