Best Savings Accounts with Debit Cards

• Understanding savings accounts with debit cards
• Savings accounts with a debit card
• How to choose the right account
• Setting up your account
• Managing your account
• FAQs

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• Several financial institutions offer savings accounts with debit cards or ATM cards.
• You might like a bank account with card access if you use ATMs or want direct access to your money.
• If you'd like to have a card linked to your savings account, be mindful of how you use it.

Generally, people use checking accounts for everyday expenses and savings accounts to build up emergency funds and savings goals. This is because checking accounts offer easier access to funds through avenues like debit cards and checks.

If you're looking for a high-yield savings account that also offers the same easy access to your funds as checking accounts do, you might be interested in a savings account with a debit card. Although, less common, there are accounts available at select banks.

Understanding savings accounts with debit cards

What is a savings account with a debit card?

Usually, only checking accounts or money market accounts offer a debit card. However, if you'd like direct access to money in a savings account, you also have some options to choose from.

Some financial institutions have savings accounts with debit cards so that you can access your money for purchases or ATM withdrawals. Several others also offer savings accounts with ATM cards linked to an account, strictly for ATM usage.

Benefits of having a debit card linked to your savings account

If you open a savings account with a linked debit card, you'll have easier access to your savings account funds than you would otherwise, where you'd need to transfer your money to another bank account or go into a physical branch. While this can be a benefit, keep in mind that this could also make it easier to spend your savings without thinking of it, making it harder to build toward your savings goals.

Average savings account interest rates are generally higher than average checking account interest rates, so you could end up earning more on your funds over time if you go with a savings account with a debit card over a checking account.

If you use an online bank, having a debit card will let you withdraw cash at ATMs. This might be the only way for you to withdraw money from your account if your bank doesn't have physical branches.

Differences between savings and checking accounts

When comparing savings accounts vs checking accounts, keep in mind that savings accounts frequently put limits on how many times you can withdraw money per month, unlike checking accounts. If that applies to your savings account, make sure you're not using your debit card too many times a month, or consider using a checking account or prepaid debit card for your daily expenses.

Earn up to a $300 bonus with qualifying direct deposits for eligible customers through 12/31/24. Earn up to 4.60% APY on savings balances (including Vaults) with direct deposit

no monthly service fee

up to 4.60%

$0

up to $300

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. FDIC insured for $2 million
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. High interest rate
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Earn a higher interest rate with qualifying activities
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Up to $300 bonus with qualifying direct deposit (terms apply)
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Savings tools
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Early direct deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Joint account available

• con icon Two crossed lines that form an 'X'. Declined purchase if you overdraw by more than $50
• con icon Two crossed lines that form an 'X'. Doesn't reimburse out-of-network ATM providers' fees
• con icon Two crossed lines that form an 'X'. May deposit cash at Green Dot locations but there's a $4.95 fee

SoFi Checking and Savings is a great account option if you don't mind keeping your savings and checking in one account.

• Sign-up bonus of up to $300. When you sign up and set up direct deposit. Wait for direct deposit to hit account (typically 2-4 weeks). Collect cash bonus of $50 to $300 depending on direct deposit amount
• Up to 4.60% APY with direct deposit or $5,000 or more in qualifying deposits during the 30-day evaluation period
• FDIC Insured and covered up to $2 million in FDIC coverage through a network of participating banks
• 55,000+ fee-free ATMs

Here's a list of the top banks for savings accounts with debit cards or ATM cards, and what to consider when selecting an account.

28 savings accounts with a debit card or ATM card

1. Amalgamated Bank

no monthly service fee

1.11%

$100

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly maintenance fees
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. ATM card available
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Amalgamated Bank will donate the equivalent of half the interest you earn to the charity of your choice
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Earn a higher interest rate than the average traditional savings account at brick-and-mortar banks

• con icon Two crossed lines that form an 'X'. $100 minimum opening deposit
• con icon Two crossed lines that form an 'X'. Other online banks may offer a higher interest rate

• Branches in San Francisco, New York City, and Washington, DC; You can also open an online-only account
• Access to over 40,000 free ATMs through the Allpoint network
• Amalgamated Bank will match the equivalent of half the interest you've earned on your account and donate it to a participating non-profit organization of your choice
• Interest compounded daily and deposited monthly
• FDIC insured

What to know about Amalgamated Bank: Amalgamated Bank is an eco-friendly bank with open branches in Washington, DC, and the New York City area. It also offers online-only checking and savings accounts if you don't live in these places. 

The Amalgamated Bank Give-Back Savings Account is an online-only savings account that comes with an ATM card.

2. Alliant Credit Union

Earn $100 bonus when you deposit at least $100 a month for 12 consecutive months and have a balance of $1,200 or more at the end of the 12-calendar-month period (offer expires December 31, 2024)

no monthly service fee

3.10%

$30 online/phone and $5 through paper, banking, loan applications

$100

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Competitive APY
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Alliant covers your $5 minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fee if you opt for eStatements instead of paper statements

• con icon Two crossed lines that form an 'X'. Interest compounded monthly, not daily
• con icon Two crossed lines that form an 'X'. Minimum $100 balance to earn interest

Alliant is one of the best credit unions out there, especially if you want to earn high interest rates on savings, checking, and certificates.

• Several ways to become a member; the easiest is to join Foster Care for Success (Alliant will cover your $5 membership fee)
• Earn $100 bonus when you deposit at least $100 a month for 12 consecutive months and have a balance of $1,200 or more at the end of the 12-calendar-month period (offer expires December 31, 2024)
• Must maintain $100 balance to earn interest
• Interest compounded monthly
• Federally insured by the NCUA

What to know about Alliant Credit Union: Alliant Credit Union is an online institution. You can open accounts from anywhere in the US as long as you become a member. The easiest way to become part of Alliant Credit Union is by joining Foster Care to Success (Alliant will cover your $5 joining fee).

The Alliant High-Rate Savings Account offers an ATM card if you don't have Alliant checking account debit card.

3. Bank of South Texas

$5 monthly service fee

0.00% to 0.30%

None

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Easy to waive $5 monthly service fee
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free ATM card
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Competitive interest rate

• con icon Two crossed lines that form an 'X'. $5 monthly service fee
• con icon Two crossed lines that form an 'X'. Limited to 9 free withdrawals/transfers per quarter, then $5 per transaction

Bank of South Texas pays higher CD rates than most brick-and-mortar banks, and may be a good option if you live in Texas. However, the best high-yield savings accounts at online banks still offer better rates.

• Hispanic American-owned bank
• 6 branches in Texas
• 55,000 free ATMs in the Allpoint network
• Waive $5 monthly service fee by maintaining a $50 daily balance
• No interest earned for the month if daily balance falls under $50
• Interest compounded daily, paid quarterly
• Member FDIC

What to know about Bank of South Texas: Bank of South Texas is a Hispanic American-owned bank with branches in the following cities in Texas: Pharr, McAllen, Kingsville, Hebbronville, and Mission.

You can get a free ATM card with a Bank of South Texas Savings Account.

4. Beneficial State Bank

$3 or $5 monthly service fee

0.40%

$50

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive the monthly service fee
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. ATM card included

• con icon Two crossed lines that form an 'X'. Low interest rate
• con icon Two crossed lines that form an 'X'. $50 minimum opening deposit
• con icon Two crossed lines that form an 'X'. $3 or $5 monthly service fee

• 7 branches in California, Oregon, and Washington
• Access to over 70,000 surcharge-free ATMs through the MoneyPass ATM network
• $5 monthly service fee if you receive paper bank statements
• $3 monthly service fee if you receive online statements
• Waive the monthly service fee if meet one of the following requirements: keep a monthly average balance of $200 or more; are a service member or student; are over the age of 55
• Interest compounded daily and deposited monthly
• Member FDIC

What to know about Beneficial State Bank: Beneficial State Bank is a socially responsible bank with seven branches in California, Oregon, and Washington.

You can get a free ATM card with the Beneficial State Bank Savings Account.

5. Bethpage Credit Union 

no monthly service fee

0.10%

$5

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. $5 minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. ATM card included
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees

• con icon Two crossed lines that form an 'X'. Low interest rate

• Join Bethpage by opening a savings account with $5
• 33 branches in New York State
• 33,000+ free ATMs, 5,000+ shared branches
• Interest compounded daily
• Federally insured by the NCUA

What to know about Bethpage Credit Union: Bethpage Federal Credit Union has 33 branches around New York State. You may also open an account online if you don't live near a branch. To join Bethpage FCU, you just need to open a Bethpage Federal Credit Union Savings Account account with $5. This savings account also comes with an ATM card.

6. Caribe Credit Union

no monthly service fee

1.15% to 1.31%

$10

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Competitive APY
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. $10 minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fee
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. ATM card included
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Includes up to $5,000 in free life insurance

• con icon Two crossed lines that form an 'X'. Interest compounded quarterly, not daily
• con icon Two crossed lines that form an 'X'. $3.50 out-of-network ATM fee
• con icon Two crossed lines that form an 'X'. Up to 10 free ATM withdrawals per month, $1.00 charge once you exceed the free transaction limit

• Credit union that serves a Hispanic American community
• 4 branches in Puerto Rico (San Juan, Guaynabo, Ponce)
• Over 200 ATMs from the COOP24 Network, and over 80 ATMs through the ShareNet Network
• To become a member, you will need to open a savings account and pay a $5 membership service fee
• Tiered interest rate: Earn 1.15% APY on balances between $5 and $2,999; Earn 1.20% APY on balances between $3,000 and $9,999; Earn 1.26% APY on balances between $10,000 and $49,999; Earn 1.31% APY on balances over $50,000
• Interest compounded and deposited quarterly
• Federally insured by the NCUA

What to know about Caribe Credit Union: Caribe is a Hispanic American-led credit union with branches in the following cities in Puerto Rico: San Juan, Guaynabo, and Ponce. The credit union's savings account also has a debit card included.

7. Charles Schwab

no monthly service fee

0.48%

$0

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum account balance
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fee
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Comes with a debit card
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Unlimited out-of-network ATM fee reimbursements
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No foreign transaction fees
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. 24/7 online chat

• con icon Two crossed lines that form an 'X'. Low APY
• con icon Two crossed lines that form an 'X'. No way to deposit cash

Charles Schwab Bank is one of the best banks for international travelers, because it doesn't charge foreign transaction fees. It also refunds all fees charged by ATMs worldwide. But if you want to earn high interest rates, you're better off looking elsewhere.

• 24/7 online chat
• No opening deposit, minimum account balance, or monthly fee
• Member FDIC

What to know about Charles Schwab: Charles Schwab is primarily known for its investment services, but it also offers banking products. You access money from the Schwab Bank High Yield Investor Savings® Account with a Schwab Bank Visa Platinum Debit Card.

8. Citizens State Bank 

$20 quarterly service fee

0.25%

$100

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive $20 quarterly fee
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Request an ATM card

• con icon Two crossed lines that form an 'X'. $100 minimum opening deposit
• con icon Two crossed lines that form an 'X'. Low interest rate
• con icon Two crossed lines that form an 'X'. $20 quarterly fee
• con icon Two crossed lines that form an 'X'. $2 monthly fee per ATM card on the account
• con icon Two crossed lines that form an 'X'. Limited to 3 free transfers/withdrawals per quarter, then $4 fee per transaction

Citizens State Bank is a worthwhile option if you live in Roma or Rio Grande City, Texas, and want to use a Hispanic American-owned bank. The most competitive products are its Kasasa checking and savings accounts. If you don't live in Texas, our guide on the best banks also features strong banking options.

• Hispanic American-owned bank with 2 branches in Texas (Roma, Rio Grande City)
• Waive $20 quarterly fee by maintaining a minimum $300 daily balance
• Interest compounded daily, paid quarterly
• Member FDIC

What to know about Citizens State Bank: Citizens State Bank is a local Hispanic American-owned bank with a branch in Roma and Rio Grande City, Texas. You can request an ATM card with the Citizens State Bank Personal Savings Account.

9. Comerica

$5.50 monthly service fee

0.01%

$50

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive the monthly service fee
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. ATM card included

• con icon Two crossed lines that form an 'X'. Low APY
• con icon Two crossed lines that form an 'X'. $5.50 monthly service fee
• con icon Two crossed lines that form an 'X'. $50 minimum opening deposit

• Over 400 banking centers in Arizona, California, Florida, Michigan, and Texas
• Over 600 free ATMs
• To waive the $5.50 monthly service fee you meet one of the following requirements: own a checking account; maintain at least $500 in your account daily; be under the age of 18; or be 62 years or older and have a direct deposit of Social Security, pension, or other federal recurring payment
• Interest compounded and deposited monthly
• Member FDIC

What to know about Comerica: Comerica has more than 400 banking centers and 600 ATMs in Arizona, California, Florida, Michigan, and Texas. The Comerica Statement Savings Account includes an ATM card.

10. Community 1st Bank Las Vegas

$1 quarterly service fee

0.10%

$100

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive quarterly service charge
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Debit card offering

• con icon Two crossed lines that form an 'X'. Low APY
• con icon Two crossed lines that form an 'X'. $100 minimum opening deposit
• con icon Two crossed lines that form an 'X'. $1.00 quarterly service charge
• con icon Two crossed lines that form an 'X'. $1.00 charge on each debit transaction that exceeds the 4 quarterly limit
• con icon Two crossed lines that form an 'X'. Must keep more than $100 in your account daily to earn APY

• Hispanic American-owned bank
• 3 branches and one motor bank in Texas (Las Vegas, Mora)
• 4 free ATM locations in Texas (Las Vegas, Mora)
• To avoid the quarterly service charge, keep more than $100 in your account daily
• To earn APY, keep more than $100 in your account daily
• Interest compounded daily, deposited
• Member FDIC

What to know about Community 1st Bank Las Vegas: Community 1st Bank Las Vegas is a Hispanic American-owned bank with three branches in Mora and Las Vegas, New Mexico. You can request an ATM card for the Community 1st Bank Las Vegas Savings Account.

11. Connexus Credit Union

no monthly service fee

0.25%

$5

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. $5 minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Good interest rate
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Debit card included

• con icon Two crossed lines that form an 'X'. Must keep at least $100 in account to earn interest
• con icon Two crossed lines that form an 'X'. Interest compounds monthly, not daily

• Become a Connexus member by donating $5 to the Connexus Association
• 54,000+ free ATMs
• Federally insured by the NCUA

What to know about Connexus Credit Union: Connexus Credit Union is an online financial institution with branches in Wisconsin, Minnesota, Ohio, and New Hampshire. The easiest way to become a member of Connexus is to join the Connexus Association by making an initial $5 donation.

You can get a debit card with the Connexus Credit Union Members Savings Account.

12. First Independence Bank

$5 monthly service fee

0.00% to 0.10%

$25

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. $25 minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Includes an ATM card
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Easy to waive $5 monthly service fee
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Low APY; no interest earned on balances under $200

• con icon Two crossed lines that form an 'X'. $5 monthly service fee
• con icon Two crossed lines that form an 'X'. $2 out-of-network ATM fee
• con icon Two crossed lines that form an 'X'. Interest only compounded quarterly

• Black-owned bank in Detroit, Michigan, and Minneapolis, Minnesota
• 147 free ATMs in the Metro Detroit area (First Independence Bank, Fifth Third, and TCF networks)
• Waive $5 monthly service fee by maintaining a minimum $200 daily balance
• Interest compounded and paid quarterly
• FDIC insured

What to know about First Independence Bank: First Independence Bank is a Black-owned bank with two branches in Michigan. The First Independence Bank Personal Savings Account comes with an ATM card.

13. First National Bank

$5 monthly service fee

0.01% to 0.05% (vary by location)

$50 (online); $0 (in-branch)

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Low minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive the monthly service fee
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Debit card option

• con icon Two crossed lines that form an 'X'. Low interest rate
• con icon Two crossed lines that form an 'X'. $5 monthly service fee
• con icon Two crossed lines that form an 'X'. Interest compounds quarterly, not daily

• Nearly 340 branches and over 800 ATMs in 7 states on the East Coast
• To waive the $5 monthly service fee, maintain at least $500 in your account daily
• Interest compounded and deposited quarterly
• Member FDIC

What to know about First National Bank: First National Bank is a brick-and-mortar financial institution with branches in Maryland, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, West Virginia, and Washington, DC. 

The First National Bank FirstRate Savings Account offers a debit card.

14. Golden Bank

$5 monthly service fee

0.20%

$100

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive monthly service fee
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free ATM card

• con icon Two crossed lines that form an 'X'. Low interest rate
• con icon Two crossed lines that form an 'X'. $100 minimum opening deposit
• con icon Two crossed lines that form an 'X'. $5 monthly service fee
• con icon Two crossed lines that form an 'X'. Limit of 6 free withdrawals per quarter
• con icon Two crossed lines that form an 'X'. $1 excess withdrawal fee

• Asian American-led bank with 12 locations in California and Texas
• Fee-free withdrawals at Cirrus or Pulse ATMs
• To waive monthly service fee, keep at least $100 in your account daily
• Limit of 6 free withdrawals per quarter
• $1 excess withdrawal free for each withdrawal that exceeds the quarterly limit
• May receive up to $25 per month in ATM refunds
• Interest compounded daily, deposited monthly
• Member FDIC

What to know about Golden Bank: Golden Bank is an Asian American-led bank with 12 branches in California and Texas. You may get an ATM card with the Golden Bank Regular Savings Account.

15. Hope Credit Union

no monthly service fee

0.25%

$15

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. $15 minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Includes a free ATM card
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Higher APY than many brick-and-mortar banks

• con icon Two crossed lines that form an 'X'. Only 3 withdrawals with a teller and 3 withdrawals at an ATM each month
• con icon Two crossed lines that form an 'X'. No interest earned if your balance is under $100
• con icon Two crossed lines that form an 'X'. Dividends only compound quarterly
• con icon Two crossed lines that form an 'X'. $15 minimum balance, otherwise your account goes into overdraft

• Black-owned credit union
• You only need to pay a $10 membership fee to join Hope Credit Union
• 28 branches and ATMs in AL, AR, LA, MS, and TN
• Use over 5,000 branches and 30,000 ATMs in the CO-OP Shared Branching Network
• Must maintain $100 balance to earn interest; 0.25% APY on balances up to $100k, 0.10% APY on balances over $100k
• Interest compounded quarterly
• Federally insured by the NCUA

What to know about Hope Credit Union: Hope Credit Union is a Black-owned credit union with branches in Alabama, Arkansas, Louisiana, Mississippi, and Tennessee. You can get an ATM card with the Hope Credit Union Share Account.

Anyone can become a member of Hope Credit Union. You just have to pay the one-time $10 membership fee.

16. Interamerican Bank 

no monthly service fee

0.10% to 0.40%

$10

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Low minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Competitive APY, especially if you can reach the highest tier
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. ATM card offering

• con icon Two crossed lines that form an 'X'. Interest compounded monthly, not daily
• con icon Two crossed lines that form an 'X'. Lower interest rates on lower balances

If you're a Florida resident searching for a brick-and-mortar bank with free checking and savings accounts, then Interamerican Bank may be appealing

• Hispanic American-owned bank
• 5 branches located in Florida
• Free ATMs are available at branches, plus any PUBLIX ATMs
• No monthly service fees
• Tiered rate: earn 0.10% APY if you maintain up to $99,999 in your account; earn 0.20% APY if you maintain $100,000 to $799,999 in your account; earn up to 0.40% APY if you maintain $800,000 or more in your account
• Interest compounded and deposited monthly
• Member FDIC

What to know about Interamerican Bank: Interamerican Bank is a Hispanic American-owned bank with branches in Miami, Florida, and West Palm Beach, Florida. An ATM card is available with the Interamerican Bank Regular Savings Account.

17. LendingClub

no monthly service fee

5.00%

$100

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free ATM card included

• con icon Two crossed lines that form an 'X'. $100 minimum opening deposit
• con icon Two crossed lines that form an 'X'. Interest compounds monthly

• Online banking institution with 1 branch in Boston, Massachusetts
• Earn 5.00% APY regardless of your account balance
• Interest compounded monthly, deposited monthly
• Member FDIC

What to know about LendingClub: LendingClub is a personal loan provider and online banking institution. You may request an ATM card with the LendingClub High-Yield Savings Account.

18. Old National Bank 

$4 monthly service fee

0.01%

$50

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive the monthly service fee
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. ATM card included

• con icon Two crossed lines that form an 'X'. Low interest rate
• con icon Two crossed lines that form an 'X'. $4 monthly service fee
• con icon Two crossed lines that form an 'X'. Limit of 3 withdrawals per month
• con icon Two crossed lines that form an 'X'. $2 charge if you exceed the monthly withdrawal limit

• Nearly 200 branches in IL, IN, KY, MI, MN, and WI
• To waive the $4 monthly service fee, you must keep at least $300 in your account daily
• Interest compounded and deposited quarterly
• Member FDIC

What to know about Old National Bank: Old National Bank has nearly 200 branches in Illinois, Indiana, Kentucky, Michigan, Minnesota, and Wisconsin. The ONB Basic Savings Account offers an ATM card.

19. Puerto Rico Federal Credit Union 

0.20% to 0.35%

$5

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Good interest rate, compared to brick-and-mortar financial institutions
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. $5 minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. ATM card included

• con icon Two crossed lines that form an 'X'. Must deposit $5 in account every other week or during each pay period to maintain membership
• con icon Two crossed lines that form an 'X'. Online banks offer higher interest rates
• con icon Two crossed lines that form an 'X'. Interest compounded monthly, not daily

• Credit union that serves a Hispanic American community
• 4 branches in Puerto Rico (Caparra, Quebradillas, Manatee, and Aguadilla)
• Free ATMS through ATH, NYCE, CIRRUS, and COOP24 networks
• To become a member, you must meet one of the following qualifications: Work at one of 15 affiliated companies; live, work, or go to school in San Juan, Puerto Rico; be a member or employee of the Museo de Arte de Ponce de Puerto Rico or make a donation to the museum; be the spouse of a member that passed away while he or she had an active savings account or loan; be an immediate family member of a current member
• Tiered interest rate: Earn 0.20% APY if you have an account balance between $5 and $2,999; Earn 0.25% APY if you have an account balance between $3,000 and $9,999; Earn 0.30% APY if you have an account balance between $10,000 and $49,999; Earn 0.35% APY if you have an account balance over $50,000
• To maintain an active membership, you must deposit $5 every other week or during each payment period
• Interest compounded and deposited monthly
• Federally insured by the NCUA

What to know about Puerto Rico Federal Credit Union: Puerto Rico Federal Credit Union is a Hispanic-American-led financial institution with one branch in Caparra and a second in Quebradillas. You can request an ATM card with the Puerto Rico Federal Credit Union Regular Actions Account.

To become a member, you'll need to open a regular shares account and meet certain membership requirements.

20. SoFi 

Earn up to a $300 bonus with qualifying direct deposits for eligible customers through 12/31/24. Earn up to 4.60% APY on savings balances (including Vaults) with direct deposit

no monthly service fee

up to 4.60%

$0

up to $300

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. FDIC insured for $2 million
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. High interest rate
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Earn a higher interest rate with qualifying activities
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Up to $300 bonus with qualifying direct deposit (terms apply)
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Savings tools
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Early direct deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Joint account available

• con icon Two crossed lines that form an 'X'. Declined purchase if you overdraw by more than $50
• con icon Two crossed lines that form an 'X'. Doesn't reimburse out-of-network ATM providers' fees
• con icon Two crossed lines that form an 'X'. May deposit cash at Green Dot locations but there's a $4.95 fee

SoFi Checking and Savings is a great account option if you don't mind keeping your savings and checking in one account.

• Sign-up bonus of up to $300. When you sign up and set up direct deposit. Wait for direct deposit to hit account (typically 2-4 weeks). Collect cash bonus of $50 to $300 depending on direct deposit amount
• Up to 4.60% APY with direct deposit or $5,000 or more in qualifying deposits during the 30-day evaluation period
• FDIC Insured and covered up to $2 million in FDIC coverage through a network of participating banks
• 55,000+ fee-free ATMs

What to know about SoFi: SoFi is a fintech platform that offers loans, investment accounts, and banking options. SoFi Checking and Savings (Member FDIC) is a hybrid bank account that combines checking and savings features. It also includes a debit card.

21. Synchrony

Earn 4.75% Annual Percentage Yield (APY). $0 minimum deposit. FDIC Insured.

no monthly service fee

4.75%

$0

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Competitive APY
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Comes with an ATM card
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No required opening deposit or minimum account balance
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fee

• con icon Two crossed lines that form an 'X'. No physical branch locations
• con icon Two crossed lines that form an 'X'. Only reimburses up to $5 of out-of-network ATM fees per month

With a high rate and no fees, the Synchrony High Yield Savings Account is a great option for savers. But if you want to open a checking account to do all of your banking at one place, you may want to consider one of the best online banks instead.

• Access your cash online, by phone or via ATM
• Manage your accounts from virtually anywhere in the Synchrony app
• No minimum balance
• Interest compounded daily, paid monthly
• FDIC insured

What to know about Synchrony: Synchrony is an online-only institution with savings accounts, money market accounts, and CDs. The Synchrony High Yield Savings Account has an ATM card. You can also use it to make purchases at stores by entering your PIN.

22. The Harbor Bank of Maryland 

$3 monthly service fee

up to 0.10%

$100

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Includes an ATM card
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Easy to waive $3 monthly service fee

• con icon Two crossed lines that form an 'X'. $100 minimum opening deposit
• con icon Two crossed lines that form an 'X'. $3 monthly service fee
• con icon Two crossed lines that form an 'X'. Low APY
• con icon Two crossed lines that form an 'X'. No interest earned on balances under $100
• con icon Two crossed lines that form an 'X'. Interest does not compound

• Black-owned bank in Maryland (Baltimore, Randallstown, Silver Spring)
• 55,000 free ATMs in the Allpoint network
• Waive $3 monthly fee by maintaining a $100 balance
• Interest does not compound
• Member FDIC

What to know about The Harbor Bank of Maryland: The Harbor Bank of Maryland is a local Black-owned bank. It has a few locations in Baltimore, Randallstown, and Silver Spring. The Harbor Bank of Maryland Statement Savings Account comes with an ATM card.

23. Transit Employees Federal Credit Union

no monthly service fee

0.30%

$25

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. High APY
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. $25 minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Includes an ATM card

• con icon Two crossed lines that form an 'X'. Compounds dividends monthly, not daily

• Minority-led credit union in Alexandria, VA, and Washington, DC
• 5,000 shared branches in the CO-OP Shared Branch Network
• 30,000 free shared ATMs nationwide
• Join TEFCU by working for a Select Employee Group, or by being a direct family or household member of someone who works for a Select Employee Group
• Dividends compounded monthly, paid monthly
• Federally insured by the NCUA

What to know about Transit Employees Federal Credit Union: Transit Employees Federal Credit Union is a minority-led credit union. It has one branch in Alexandria, Virginia, and one in Washington, DC. To become a member, you'll need to meet certain membership requirements.

You may get an ATM card if you open the Transit Employees Federal Credit Union Share Savings Account.

24. UFB Direct

Earn 5.15% APY on your savings. No monthly maintenance fees. No minimum deposit is required to open an account.

no monthly service fee

5.15%

$0

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. High interest rate
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fee
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. ATM card included

• con icon Two crossed lines that form an 'X'. May not be easy to deposit cash (Only cash accepting ATMs)

UFB Direct is an excellent option if you're searching for a competitive interest rate on a money market account or savings account. If you'd also like a checking account or CD, you might consider other institutions because UFB Direct doesn't have these accounts.

• Earn up to 5.15% APY*.
• No monthly maintenance fees.
• No minimum deposit required to open an account.
• Access your funds 24/7 with easy-to-use digital banking tools.
• Enjoy peace of mind with FDIC insurance up to the maximum allowance limit ® Certificate #35546.
• * The Annual Percentage Yield (APY) is accurate as of 03/04/2024. The interest rate and corresponding APY for savings is variable and is set at UFB's discretion. This is a tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.

What to know about UFB Direct: UFB Direct is an online division of Axos Bank. You can get UFB Portfolio Savings with an ATM card.

25. Umpqua Bank 

$3 monthly service fee

0.01%

$25

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Low minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Umpqua ATM card
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive the monthly service fee

• con icon Two crossed lines that form an 'X'. Low interest rate
• con icon Two crossed lines that form an 'X'. $3 monthly service fee

• 305 branch locations in California, Idaho, Nevada, Oregon, and Washington
• Over 200 free ATMs
• To waive the $3 monthly service fee, you must meet one of the following requirements: keep at least $200 in your account daily, make at least one monthly transfer from another Umpqua personal account; be under the age of 18 or over the age of 55
• No monthly service fees on up to three Grows Savings or Thrive Money Market accounts if you own an Access Checking Account
• No monthly service fees on up to five Grows Savings or Thrive Money Market accounts if you own an Attain Checking Account
• Interest compounded and deposited monthly
• Member FDIC

What to know about Umpqua Bank: Umpqua Bank has over 200 locations in California, Idaho, Nevada, Oregon, and Washington. Its Umpqua Bank Grow Savings Account comes with an ATM card.

26. USAA

no monthly service fee

0.01%

$25

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. $25 minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free ATM card upon request

• con icon Two crossed lines that form an 'X'. Low interest rate

The USAA Savings Account doesn't charge any monthly fees. You can also get a free ATM card even though it's a traditional savings account, which provides an easy way to access money in your account.

• Available to active military, veterans, and military families
• Financial centers in Colorado, Maryland, New York, and Texas.
• 1,200 USAA ATMs; 100,000 USAA-preferred ATMs nationwide
• Interest compounded and deposited monthly
• FDIC insured

What to know about USAA: USAA is a diversified financial services group that has insurance, investing, banking, and retirement options. You can get an ATM card with the USAA Savings Account.

27. Valley National Bank 

$5 monthly service fee

0.85%

$100

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. ATM card included
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive monthly service fee

• con icon Two crossed lines that form an 'X'. Low interest rate
• con icon Two crossed lines that form an 'X'. $5 monthly service fee
• con icon Two crossed lines that form an 'X'. Must keep at least $100 in account to earn interest

Valley National Bank might be worth considering if you're a resident of New York, New Jersey, Florida, or Alabama, who prioritizes a strong checking account. The Valley All Access Rewards Checking Account charges zero monthly service fees and offers a bonus of up to $240 for the first year if you meet specific requirements. If you don't live in an eligible state, you may want to consider one of the best checking accounts online.

• Over 200 branches and ATMs in NY, NJ, FL, and AL
• Earn 0.85% APY if you maintain at least $100 in your account
• To waive the monthly service fee, keep at least $300 in your account
• Interest compounded daily, deposited quarterly
• Member FDIC

What to know about Valley National Bank: Valley National Bank is a regional financial institution. It has over 200 branches in New York, New Jersey, Florida, and Alabama.

The Valley All Access Savings Account comes with an ATM card.

28. Zapata National Bank 

$5 monthly service fee

up to 0.10%

$300

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Includes ATM card
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Able to waive $5 monthly service fee

• con icon Two crossed lines that form an 'X'. $300 minimum opening deposit
• con icon Two crossed lines that form an 'X'. Low interest rate
• con icon Two crossed lines that form an 'X'. $5 monthly service fee
• con icon Two crossed lines that form an 'X'. Only 1 free withdrawal per month, then $2 per withdrawal

Zapata National Bank is a worthwhile option if you want to work with a small Hispanic American-owned bank that has a free checking account. But if you'll need to go to the best online banks to earn the highest savings rates.

• Hispanic American-owned bank with 1 branch in Zapata, TX
• 2 free ATMs
• Waive $5 monthly service fee by maintaining a $300 balance
• No interest earned when daily balance falls under $300
• Interest compounded daily, paid quarterly
• Member FDIC

What to know about Zapata National Bank: Zapata National Bank is a Hispanic American-owned bank with one branch in Zapata, Texas. The Zapata National Bank Savings Personal Account includes an ATM card.

How to choose the right savings account with a debit card

Interest rates and fees on accounts

One perk that savings accounts have over checking accounts is high interest rates; you're far more likely to find a savings account with 5% interest than a checking account. When deciding on a savings account with a debit card, consider how much interest rates matter to you and try to pick an account with high interest.

The best savings accounts with debit cards don't charge monthly maintenance fees, so look for no- or low-fee savings accounts with debit cards when you're deciding what bank to go for. If you're not planning on putting much money in your account to start with, you'll also want to check if the account requires a minimum opening deposit. And if you're planning on using ATMs frequently, you'll want to figure out what ATM fees your bank will charge or reimburse.

Accessibility and convenience on accounts

If you're planning on using your debit card at ATMs frequently, it's important that the financial institution you choose have plenty of in-network ATMs near you. If you use out-of-network ATMs, you'll probably be charged fees by the ATM owner in addition to any fees your bank would charge. The best banks for avoiding ATM fees will reimburse a certain amount of out-of-network ATM fees a month, though.

Customer service and support at a bank

You'll also want to make sure that your potential financial institution will meet your customer service needs, as well. If you know you'll need to call the bank outside of normal business hours, consider a bank with 24/7 customer support. 

Setting up a savings account with a debit card

How to open a savings account with a debit card

What you'll need to do to open your new savings account will depend on the bank you're interested in, but it's generally pretty easy. Many banks let you apply online; you'll fill out an online application, which will require you to provide some personal information. Generally, you'll be able to open an account in minutes. You can also open an account over the phone or go into a physical branch to open an account; customer service will help you through the process.

Required documentation for savings accounts with debit cards

Exactly what you need to open a bank account will differ from bank to bank. Generally, you'll need to provide personal information such as your name, your physical address, government ID, and your Social Security number or individual taxpayer identification number, although not every bank lets you use the latter. If your bank account comes with a minimum opening deposit, you'll also need to provide a way to fund the account, whether through transferring the money from another bank account or providing cash.

Linking your debit card to your savings account

The process for linking your debit card to your savings account will depend heavily on what savings account you get. When you receive your debit card, follow the instructions your bank provides to link it to your savings account.

Managing savings accounts with debit cards

Tips for efficiently using your debit card

In order to most efficiently use your debit card, make sure you avoid bank fees. If you withdraw money from your account too many times a month, you might be hit with fees. You might also be hit with fees if you use out-of-network ATMs.

If your account comes with a cash-back debit card, check to see how you can earn cash back. Some cash-back debit cards only give you cash back at certain locations or for certain types of purchases. Make sure to choose a card that aligns with how you spend.

Monitoring your account and debit card

It's always important to monitor your bank accounts regularly, but it's especially important if you have a debit card hooked up to your savings account. If your debit card information is stolen, you could end up with a depleted emergency fund if you don't keep an eye on your balance. And you'll want to make sure you're meeting your savings goals, especially if you're regularly making purchases from your account.

Avoiding common pitfalls for savings accounts with debit cards

The easiest pitfall to fall into if you have a savings account with a debit card is to accidentally spend money you meant to save. You'll want to work out how to budget your savings ahead of time so you know exactly how much you're able to spend each month without spending money you have earmarked for something else.

Additionally, make sure to plan your ATM usage ahead of time so you don't end up paying ATM fees you could have avoided.

Savings accounts with debit cards FAQs

The main benefit of having a debit card linked to your savings account is that you'll have much easier access to your money. If the savings account comes with a particularly high interest rate, you might also end up making more money off of your savings than you would by using a checking account.

Yes, you'll be able to withdraw cash from your savings account with a debit card if you go to an ATM, in addition to being able to withdraw cash at a physical branch if your bank has one. Just keep an eye out for ATM fees.

Whether there will be fees associated with using a debit card linked to a savings account will depend on your bank. You might be charged ATM fees if you use your debit card at an ATM, or you may be charged fees for going over monthly withdrawal limits. Check with your bank ahead of time to see what fees it charges.

The best savings account for you will depend on your individual needs. Some things to keep in mind while deciding on an account include interest rates, withdrawal limits, ATM fees, monthly service fees, initial deposit requirements and other perks.

• Bank accounts
• Savings and CD rate trends
• Budgeting
• Saving
• How banks operate

• Certificates of deposit
• Savings accounts
• Checking accounts
• CD rates
• Bank reviews

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