BEST Bank Accounts 2022 - Best Checking Accounts & Best Savings Accounts - SoFi, Discover, T-Mobile!

[@ProudMoney]

SoFi Checking & Savings: www.sofi.com/invite/money?gcp=68388c1c-9593-48a6-8872-7052db78d937 (Affiliate link; be sure it includes the Direct Deposit bonus if you use it!) You can also support our channel by choosing your next credit card using one of the card links at: - BEST: www.proudmoney.com/best-credit-cards-on-the-market/ - CASH BACK: www.proudmoney.com/best-cash-back-credit-cards/ - TRAVEL: www.proudmoney.com/best-travel-credit-cards/ - BONUS: www.proudmoney.com/best-credit-card-bonus-offers/ - BALANCE TRANSFER: www.proudmoney.com/best-balance-transfer-credit-cards/ - GAS: www.proudmoney.com/best-gas-credit-cards/ - BUSINESS: www.proudmoney.com/best-business-credit-cards/ - FAIR CREDIT: www.proudmoney.com/credit-cards-for-fair-credit/ - BAD CREDIT: www.proudmoney.com/best-credit-cards-for-bad-credit-unsecured-secured/ (We'll get compensated if you're approved, and we thank you kindly.) Other ways to support this channel: - Get a $25 - $325 bonus when you open a SoFi Checking/Savings Account at: www.sofi.com/invite/money?gcp=68388c1c-9593-48a6-8872-7052db78d937 - Use our Amazon.com link: amzn.to/2PpQWoB (As an Amazon Associate, we earn from qualifying purchases.) NOTE: Information in this video is not guaranteed; we have attempted to confirm all information to the best of our ability but we could simply be wrong or the information could be outdated by the time you watch this video. We are doing our best here, but check our work!

[@JonHunter80]

how about for those who make around $493k a year? which bank would you trust the most and why? thanks

[@DugrozReports]

I feel like no matter how much I do online, I still need at least 1 local "brick and mortar" bank - the occasional cash deposits, jar of coins, need a cashier's check, get something notarized, etc. Stuff you don't need a lot, but do at times.

[@raevynkinsey]

Same

[@jaelaclemmons8572]

Which bank do you use? I feel the same way I just don’t know what to choose

[@reialbz1]

@@jaelaclemmons8572 local credit union

[@thejunkyrd]

since using a credit card usually charges fees for paying rent i just transfer my rent to discovers checking about a week before and that way i can earn 1% on rent without any fees

[@sincere355]

Don’t you have to use a debit card to earn the 1%?

[@Brandon-pq5oe]

@@sincere355 He said Discover checkings

[@LilannB]

I have had a SoFi money account for about a year. I just started direct deposit this month. The $100 bonus for new direct deposit was a pleasant surprise.

[@wingnut83]

Great video Adam. I currently use Ally and Discover Banks. I love them both. One thing you forgot to mention about these two, they both offer unlimited totally free checks for those who still write them from time to time.👍

[@sparky3414]

One of the only reasons I still have a Chase checking account is the free checks with military sign up. Good to know I have a choice with Ally or Discover bank too.

[@wingnut83]

@@sparky3414 If you are Military/Veteran you should really look into Navy Federal Credit Union. I didn't mention them because not everyone qualifies. I am a Veteran and highly recommend them. Best of the lot as far as I am concerned. Free banking ( including checks), awesome loan rates and great Credit Cards. Great customer service as well. They take care of Military/Vets. 💪

[@SabreLeonheart]

Current. It has pods you can create (up to 3 with premium) of 2k at 4%. No fees and it's simple to use. (Less the premium accounts)

[@Jason_The_Man]

Have SoFi and love it. 1% on checking and savings is great!

[@dral22]

People always say invest when there's risk that you can lose your money, but never teach you how to actually invest safely

[@callmeNeno]

My two favorites Capital One 360 for hybrid brick mortar bank & my Charles Schwab for checking free atm reimbursement no foreign or transaction fee domestically and international

[@ProudMoney]

Yeah that Schwab account is good, too, probably should have included that.

[@callmeNeno]

@@ProudMoney mmmhmm ; you’re forgiven~~

[@icecreamroxkndnumber]

Not gonna lie, Capital One CVS cash deposits are a BLESSING. No longer do I have to stand in a long-ass line at a bank to make a deposit. You can find a CVS at almost every corner where I'm from, so I have never had any issues.

[@icecreamroxkndnumber]

P.S. Capital One has a high-yield savings of 0.4% just as an FYI since it was missed in the video

[@javen2125]

@@icecreamroxkndnumber Capital one sucks for savings, it's only good for moving money around and checking use Marcus for savings

[@AmezAdvisors]

No kidding I was googling this topic about 20 mins ago. Love that you made a video to help me.

[@ProudMoney]

Nice!

[@GodspeedNRGgaming]

I would personal not recommend anyone to make a t mobile money account because I had my social & driver license leak by them during the august of 2021 data breach and their response was sorry and on top of all that I’m not even a t mobile customer never was, I did put a freeze on my credit from all three credit bureaus. Just be aware

[@curmudgeonextraordinaire1884]

Considering all the data breaches T-Mobile has had recently, I wouldn’t trust them with my money.

[@elykadia]

of course this comes out right after i open a new checking and savings account 🙃

[@wcdx1981]

Lol same. Just shifted a pretty penny to Amex HYS only to find out I can get more 😤

[@sparky3414]

@@wcdx1981 AMEX HYS would make an excellent hub account as you can move any amount into or out of AMEX (which is not the case for most accounts) if it weren't for the small number of linked accounts currently limited to 4. Also keep in mind that while T-mobile money might stay at $1% APY, AMEX HYS has had rates higher than 1%.

[@wcdx1981]

@@sparky3414 appreciate the insight! Thank you!

[@thouyang9314]

SoFi’s Debit Card also pays 1% cash back on purchases using the Debit Card.

[@Complexanxiety]

Mine are: Navy Federal (atm fee reimbursement and best interest rates on all loans) Capital One Savings (multiple sinking funds) Charles Schwab (atm reimbursement and buying stocks)

[@smadden3933]

Same I have Navy Federal and Capital One!

[@harryallenpearce89]

It’s hard to explain how good SoFi is, because SoFi does so much. If I had to put SoFi in one word, it would be “inspiration”.

[@TheAudioCzar]

I think you missed the new fidelity starter pack. It's gets you two accounts, a brokerage account, and a cash management account. And right now if you deposit $50 when opening one you get $100 bonus

[@anthonygardner400]

I’d add American Express High Yield Savings- .5% APY right now.

[@LandOfAnatopia]

Your videos are always super helpful, thank you!

[@thekingmtmt3873]

The one thing I hate about Discover is that they take a year and a half to transfer money out. Even when I pay my Discover bill it doesn't reflect until the next day unlike other banks where it happens instantly

[@thekingmtmt3873]

@@mike-uw6wt man I love Sofi. Im really considering making it my main bank

[@Oli75]

Just opened a new checking account today. These seem pretty good, but I need a brick and mortar location to deposit my money. I help my parents shop and they give me cash.

[@Matt369oi]

Please do an updated video of online. Appreciate your content

[@williamw8546]

Just opened my fidelity account, what do you think about them?

[@jonathanlin6561]

Citi has a checking account offer for $400 when you deposit and maintain a $15k balance for the first 90 days. Basically 2.6% in 90 days vs 1% APY.

[@lonz0_0]

I have Ally and it's great! They're customer service is also really good. Highly reccomend.

[@SuperNovember28]

I like Fidelity checking..No ATM fees and they reimburse you fees

[@breddyrojas3516]

I have that account and I love it because of these features.

[@bmorehemi392]

Love my discover cash back

[@mufasalou]

Hey Proud Money...What about One Finance? Haven't heard you talk about that one in awhile. I love the auto save.

[@antoinejackson7159]

This! They give 3% APY on Auto Save. I haven’t seen one other bank offer that much. It’s like One financial is the best kept secret

[@docsays]

- definitely. I got a free line of credit with them and NO hard inquiry!!

[@sparky3414]

Current (bank) is currently paying 4% APY ($80/year paid out $0.215/day on up to $2k) on their savings pod.

[@docsays]

@@sparky3414 - im gona check out current

[@coach1zack]

One Finance is the best! 100% Best Bank Account! I don’t know why they keep getting snubbed by KZbinrs

[@newbeginnings9457]

Discover is not accepting new Checking Accounts! So sad! 🤦‍♂️ Any information would be appreciated Adam! It’s September 2022 now so they might have stopped doing this or have troubles!

[@cardojp]

These are great banks and a lot of them have lucrative SUBs. Great content as always, thanks Adam!!!

[@granttcg]

How about Currents 4% APY on savings pod (aka savings account) ???

[@pauldiam0nd]

Dude..! You're the BEST of the Financial critics!!!

[@ProudMoney]

Thanks!

[@chrismoorhead7261]

Love your videos!! Thanks for all of the great info!

[@ProudMoney]

Thanks for watching!

[@thetechtrons3778]

I think AMEX also has good banking options. On a different note, Chime is not legally a bank, they're a fintech company.

[@pauldiam0nd]

I believed TARGET also has CAPITAL ONE ATMs in their stores.

[@MetroJet2000]

That must be location specific because I've never seen ATMs of any kind in Target, let alone Capital One ATMs.

[@scaryjpg]

@@MetroJet2000 They are usually in the front of the store by customer service. If not, yes, it probably varies on location. All of the ones I've been to have them!

[@pauldiam0nd]

@MetroJet2000 might vary by location... the Target next to my house has a Capital One ATM inside by the entrance.

[@noelj317]

I have Bask bank but I earn miles with American Airlines on the funds in the account

[@MaxLvLDoc]

Aspiration bank is pretty good with 5 percent apy on their spend and save account. Also m1 finance has 1 percent on cash back and 1 percent on interest on checking with m1 spend. Both have atm fee refunds and some other goodies. Blue federal credit union also is a good bank I tried but you need to have accounts with them to get their highest apr (3 apy) on their checkings.

[@adambachmann2633]

M1 has $150 fee you need a lot in it to cover the fee.

[@MaxLvLDoc]

@@adambachmann2633 it’s kind of worth it. I made my money back and a good chunk more. Has good benefits with portfolio loans which is nice to leverage when you have stocks at 2 to 3 percent apr. But yeah 150 is a lot to the average consumer if they can’t take advantage of the benefits and/or don’t trade stocks. But if you trade stocks, have at least 2k floating and you spend like a normal person, you’ll definitely get your fee money back. I no longer use them anymore though, since I know go through a broker primarily.

[@MissEnglish123]

I just luv Adam 😘

[@ThatCho]

I’m loving AmEx checking for the points on purchases I can’t use a credit card for. Also using their savings. Nothing impressive about it really but it’s average fora HYA.

[@JonHunter80]

how about for those who make around $493k a year? which bank would you trust the most and why? thanks

[@betooo331]

Same question for someone who makes around $712,857. Thanks

[@tylerdurden4483]

What do you do for a living?

[@1065javi]

Amex has now a checking account that earns mr points too

[@BestCBDCenter]

I want to move to Amex too. Do you like their customer service?

[@anderska]

How much should I hold I’m my checking account ?

[@docsays]

- 2 mths worth of bills, then put the rest in savings or investments

[@YellowBoltTC]

@@docsays I live paycheck to paycheck

[@d-c-g6525]

Consumers credit union is a good choice if you don't mind going through the minimum requirements

[@thejunkyrd]

its great but i think its only in michigan and illinois

[@d-c-g6525]

@@thejunkyrd you're right. I meant myconsumers credit union. They offer accounts to anyone in US

[@jeffbarnett8173]

To many hoops to jump through.

[@youngster9267]

Should have included Schwab Bank/Investments. After 25 years with WF, moved my accounts to Schwab 6 years ago and never looked back...and never looked around for certain ATM networks to withdraw money from anymore. It's especially great if you are an international traveler, with ATM fee rebates and no FTF globally. Schwab also has a great customer service. Also, it would have been great if you've included these banks' daily ATM withdrawal and daily mobile deposit limits in your video. Too many brick and mortar banks offer pathetic limits when compared to online banks. At WF, I had $350 daily ATM withdrawal limit and $2,500 daily mobile deposit limit with $5,000 max 30 day limit. Clearly inadequate these days.

[@jamiewilliams3179]

Make your own video

[@youngster9267]

@@jamiewilliams3179 Why?

[@A22DNAL]

...cannot believe AMEX was not included in this video but you gave us Chime. Uhmmmm, No.

[@groovin2thagroove159]

Chime is good. There app is great. They're directly connected with experian now too.

[@A22DNAL]

@@groovin2thagroove159 I’ll take your word for it. I’ve heard horror stories about the customer service aspect.

[@r.andrewwhy5828]

@@A22DNAL I've been with Chime since it started. No fees on anything. Easy transfer to Savings and other big banks. Direct deposit 2 days early. Cash deposits at a ton of stores. $200 overdraft protection with NO FEE - obviously probably can't abuse it, but great for free account.

[@alphabright9138]

until the big banks buy out the smaller banks. just a matter of time. citi and chase are sharks.

[@babyj5261985]

Barclays has a savings account giving 2%, and Capital One has a savings account giving 1.9%

[@backyardbowhunting3818]

Ally has 2.1

[@babyj5261985]

@@backyardbowhunting3818 yeah I checked... But they also have $8 monthly maintenance fee

[@backyardbowhunting3818]

@@babyj5261985 you might of misread it, there online savings account has zero monthly maintenance fee. They have an area where they compare themselves with other banks and it shows Bank of America having an $8 maintenance fee so maybe that’s where you got that from.

[@babyj5261985]

@@backyardbowhunting3818 my bad, you're 100% right... I scrolled down too far and read the BOA info... Thanks

[@backyardbowhunting3818]

@@babyj5261985 all good lol I just signed up for an account so you had me nervous and double-check. They don’t have the best APR out there but I like there user interface.

[@evoscott2502]

Why are people still using debit cards to purchase things? The risks are too high and rewards are too low. Any basic cash back credit card can get 2%.

[@josenegrete3694]

Thats like saying “why are people still eating at Mcdonalds & other fast foods every day” simple most people do not have discipline! using credit cards require require exactly that.

[@icecreamroxkndnumber]

I have elderly family members who have never understood credit cards and never will. Therefore, they have and will always use checkings/savings accounts to move their money. I do agree with Jose Negrete's comment below too though.

[@vegasbaby3669]

@Evo Scott - some folks can’t get credit cards, due to bad credit, no credit (18 year old’s) life circumstances, new to the country, and so on. Not everyone is as privileged.

[@stevedice5963]

charles schwab gave me $100 to sign up, international use of any banks ATM with refundable fees/no foreign transaction fees, free printed checks, and access to an awesome no fee to trade brokerage- forget savings accounts! i use a total stock market account and for the first time i make money banking. Awesome 24 hour customer service and free in person financial consultations.

[@dbest4755]

SOFI confiscated my account for 60 days without advance notice,,,

[@ninjathecable]

It's going to be a credit union.

[@abmgroup54]

STARLING BANK OR MONZO are best digital banks today.

[@adambachmann2633]

what makes they better?

[@dylanfisher3239]

Why nothing on here about Yotta Savings?

[@Goldie-kw5ju]

CHIME BANK A LOT OF COMPLAINTS

[@android7764]

I swear, idk what happened in a year but it's like all of the finance KZbinrs forgot that Varo exists as a decent bank option with a nice high yield savings rate. No one forgets to mention chime who in my opinion is worse than Varo but man.. 😑😒 Idk, maybe Varo pissed off the KZbinrs🤣

[@groovin2thagroove159]

I gave varo a shot. I didn't like there structure and app layout. It felt a bit primitive. Even wells fargo just unveiled their new mobile app layout. Varo needs to step it up.

[@Mccade1]

Have you heard about Yotta bank? It is savings only but it is A lottery system with really good APY!

[@mehad9885]

first watch

[@ProudMoney]

🏆🏆🏆

[@elbori4365]

I'm sorry, but every option you mentioned kinda sucks.

[@smear6uard]

What do u use? I’m looking for a bank

[@Storm177]

The best account is no account. Cash rules.

[@curmudgeonextraordinaire1884]

Let me know how that works out for you

[@Storm177]

@@curmudgeonextraordinaire1884 The last 9 years have been great. I figure the next 9 will too.

[@patrickdunn7804]

absolutely not

[@Sloba1992]

Rats will eat your money

[@brandonfleming7118]

can't buy anything online with cash

[@ow5966]

Amex new personal checking account

[@blakenship33]

Adam, I tried to give you some information about two debit cards called Aspiration and PointCard. I suppose it's KZbin that's deleted my comments and they were something I worked on for 30 minutes. I'm trying to figure out how to recall those and send the information to you. These two debit cards cards show great promise such as 5% interest on the Aspiration card which I am evaluating for a savings account. And unlimited cash back on PointCard and many other features. When I try to give you links to those pages to help you understand what it provides in more detail, I believe that my comment was deleted by KZbin. I've called KZbin and can't get an answer from them. Them they say there's nothing wrong by account but I believe it might be that they think I violated some sort of community guidelines. Can you please get back to me in a reply on this subject.? Thank you. George

[@tubienestarcontitiangie888]

The only bad thing I am experiencing with the CapitalOne 360 checking and the savings is that they hold for several days even external accounts transfers. That to me is unacceptable!

[@SMOR3S]

Transferring with crypto is the fastest

[@jamemee8795]

charles Swab Checking account free ATM network anywhere worldwide

[@blancoisaacsantiagoalonso2353]

Yes, PenFed is releasing new free checking accounts with no minimum balance required and no monthly fees in any way and if you put direct deposit than you’ll receive only one day before the normally day and also they are offering personal loans up to $50,000 and you can submit a pre-approved application without impacting your credit score so that’s very awesome what PenFed is doing around.

[@docsays]

- im seriously thinking about joining them next mth