The account offers no minimum opening deposit, no monthly service fee and no minimum balance requirement, but our favorite feature was the overdraft fee structure instead of getting hit with a $30-plus charge every time you overdraw, Capital One only charges interest on that money, which equates to pennies instead of dollars.ĥ. The checking account from Capital One 360 offers tiered interest rates starting at 0.20 percent APY and ranging upward to 0.80 percent APY for balances above $100,000.
#FREE MSP ACCOUNTS FROM 2015 FREE#
The minimum opening deposit is $100, though consumers have access to several other attractive features, including cash-back purchase rewards, unlimited ATM fee reimbursements and free FinanceWorks money management software, which is powered by Quicken.Ĥ. The Rewards Checking account from Bank of Internet USA starts at 0.47 percent APY, but customers can earn more (up to 1.25 percent) by meeting certain conditions such as using the account's Rewards Checking Visa debit card at least 10 times a month. The account's NSF fee is $33 per transaction, but additional free services make this account a standout: free debit card fraud monitoring, free incoming wires and stop payments and free Popmoney person-to-person payments.ģ. This checking account offers no monthly services fees, 0.65 percent APY, a minimum deposit of only $1 and no balance requirements. Customers also have the option to enroll in Bank5's UChoose debit rewards program, which allows them to earn points that can be redeemed for thousands of online items.Ģ. The account reimburses up to $15 of out-of-network ATM fees per monthly billing cycle, and NSF fees run $15 as well.
Plus, the minimum deposit to open is just $10. The High-Interest Checking account offers 0.76 percent APY and no monthly fees. According to a GOBankingRates analysis of checking account rates from thousands of banks and credit unions throughout the U.S., the average checking account earned 0.17 percent APY last year. Interest rates have been at historical lows in recent years, which all but wiped out APY offerings on checking accounts, but rates are on the rise. Ĭonsumers can also enjoy the return of the interest-bearing checking account in 2015.
Therefore, a new checking account could be your key to saving more money in 2015.
In fact, the Consumer Protection Financial Bureau estimates that the average customer who incurs overdraft fees could save over $200 a year by simply switching to a checking account with no overdraft or non-sufficient funds fees, or by opting out of overdraft protection. Customers can also find attractive fee structures, with many checking accounts offering no fees of any kind, including overdraft or out-of-network ATM fees. Aside from paying your bills and funding everyday expenses, a good checking account can help you save money and reach your financial goals.īanks are going above and beyond basic free checking in 2015 by providing customers added value such as free money management software, bill pay and rewards programs. A checking account isn't just a checking account anymore - it can do so much more.