No joint accounts
85,000 free ATMs nationwide
Earn 2.15% APY on balances up to $5,000; 0.25% APY on balances of $5,001 to $100,000; no APY on balances over $100,000
Choose 5 companies to earn 5% cash back with, on spending up to $500 per year
Interest compounded monthly, paid monthly
FDIC insured through partner bank, Evolve Bank & Trust Related
OnJuno Basic is a solid high-yield checking account. There s no minimum opening deposit or monthly maintenance fees. You ll earn 2.15% APY on balances up to $5,000, then 0.25% on balances up to $100,000. Even 0.25% APY is higher than what you ll earn with most checking accounts or even savings accounts.
OnJuno has a long list of companies you can earn cash back with. Choose five, and you ll earn 5% cash back on up to $500 of spending with those businesses each year.
WebBank review vs. Ally review
Ally pays higher rates on savings and CDs than WebBank does. It doesn t require minimum deposits for any of its accounts. Related
Ally offers checking and money markets accounts along with its savings and CDs. You can also get home, auto, and personal loans through Ally. You ll probably prefer Ally to WebBank if you want quick access to your savings. You can simply transfer funds from your Ally savings account to Ally checking account and spend the money almost immediately.
Ally also has a mobile app with positive reviews, and you can speak to a live customer service representative 24/7 over the phone or online.
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.
First Republic Bank (Member FDIC) is a bank with branches in CA, CT, FL, MA, NY, OR, and WY.
First Republic pays higher interest rates than many brick-and-mortar banks.
The minimum opening deposits and monthly fees can be high, though you may be able to waive them.
This post was updated and reviewed on March 30, 2021: We updated this review with a new section on First Republic s Better Business Bureau rating and reputation as a company. We re currently adding information on trustworthiness to all of Personal Finance Insider s reviews.