free online bank account no minimum deposit

$3 per transaction— to earn the maximum APY. If you use it 10 times, you’ll still get a rate just above 0.80%. (Read our Bank of Internet USA review for details on the bank’s other products.) high-yield online savings account.) Back to top Bank of Internet offers several checking options with great perks: no overdraft fees, no monthly fees or minimum balance, plus domestic ATM fee reimbursements.

With Rewards Checking, you also can earn up to $25,000, and 0.25% APY above that. Otherwise, the rate is 0.20% APY. The account has no monthly fee or minimum balance requirement, but if your balance stays below $100 and you don’t use the account for 90 days, there’s a $5 inactivity fee. Anyone who makes a $5 donation to the Connexus Association, a financial literacy organization, can apply for membership.

(For more details about Connexus, see our review.) With Discover’s Cashback Checking1account, you’ll get 1% cash back on qualifying debit card purchases of up to 1.25% APY, but you’ll have to jump through a couple of hoops to jump through to earn monthly rewards, such as enrolling in e-statements and making one direct deposit, one online bill payment and 15 debit card transactions each month.

Fulfilling those four requirements earns you 1.75% APY on balances up to 1.25% APY, but you’ll have to jump through a couple of hoops: The bank requires at least $1,000 in monthly direct deposits, and you have to use your debit card 15 times a month on everyday purchases—with a minimum of $3 per transaction— to earn the maximum APY.

If you use it 10 times, you’ll still get a rate just above 0.80%. (Read our Bank of Internet USA review for details on the bank’s other products.) on everyday purchases—with a minimum of $3 per transaction— to earn the maximum APY. If you use it 10 times, you’ll still get a rate just above 0.

80%. (Read our Bank of Internet USA review for details on the bank’s other products.) through to earn monthly rewards, such as enrolling in e-statements and making one direct deposit, one online bill payment and 15 debit card transactions each month. Fulfilling those four requirements earns you 1.75% APY on balances up to $3,000 a month.

(Discover also has a top-rated high-yield online savings account.) Back to top Bank of Internet offers several checking options with great perks: no overdraft fees, no monthly fees or minimum balance, plus domestic ATM fee reimbursements. With Rewards Checking, you also can earn up to $3,000 a month.

(Discover also has a top-rated high-yield online savings account.) Back to top Bank of Internet USA Rewards Checking NerdWallet has rated this bank: Read full reviewon NerdWalletBank of Internet USA Rewards