Coronavirus and Your Money: Special Coverage
By annaheekang
October 25, 2015

To get the best possible deals, you’ll probably need to bank online—and accept the hassle of keeping different accounts at different banks.“It pays to be a free agent,” says Bankrate’s Greg McBride. “You can often get better terms by shopping around.” Here are MONEY’s à la carte recommendations.

WHY IT’S A WINNER

Bank of Internet reimburses unlimited out-of-network ATM fees in the U.S. and requires no minimum balance. Plus, heavy debit-card users can get a chart-topping 1.25% interest rate with no minimum balance.

Caveats

BofI charges a 2% foreign-transaction fee. And the yield is tied to your direct deposits and debit card activity; if you have direct deposits but fewer than 10 debit charges per month, for instance, you’ll earn only 0.42%.

Account Terms

BofI Rewards Checking

Maintenance fee: $0
ATM fee: $0 and unlimited reimbursements
Interest on $5,000: 1.25% if you have monthly direct deposits of at least $1,000 and use the Rewards Check­ing Visa Debit Card at least 15 times a month

Here are MONEY’s picks for the Best Stand-Alone Bank Accounts of 2015-2016:

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