9 Best No-Fee Savings Accounts of September 2026: BankBonus.com

Both Regular Checking ($15/month) and Access Checking ($5/month) waive fees with just $250+ in enhanced direct deposits, and neither account charges any overdraft or returned item fees. Citi offers multiple checking options with no minimum opening deposit required, but monthly service fees range from $5-$15 depending on the account type. Monthly fees range from $0-$25 depending on the account type, but most can be waived with direct deposits or minimum balance requirements. You get up to $50 in overdraft coverage on debit purchases (with eligible direct deposit), plus access to 55,000+ fee-free ATMs nationwide.
The Online Savings account has a $0 minimum deposit and no monthly maintenance fees. Current may suit customers who also want credit-building tools, while Chime and Varo provide simple mobile banking without monthly maintenance fees. American Express Rewards Checking has no minimum opening deposit, monthly account fee, or minimum balance requirement.

• No minimum balance requirement and no monthly service charge.
• Like their credit card structure, Discover charges very few fees, making it easy to grow your savings faster.
• The savings account requires a $0 minimum deposit, no monthly maintenance fees and has a competitive APY.
• Although it used to be possible to find APYs of 5.00% or better, interest rates have dropped, so high-yield savings accounts tend to offer rates between 3.5% and 4.30%.
• The SpotMe on Chime Card Limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime’s or its banking partners’ discretion.
• The Varo Bank Account has no minimum opening deposit, monthly maintenance fee, overdraft fee, or minimum balance requirement.

The Synchrony app makes it easy to bank from anywhere, and the account includes an ATM card for easy access to your funds, with ATMs showing the Plus or Accel logo. Plus, there’s no monthly maintenance fee to waive, and no minimum balance is required. Discover’s online high-yield savings account is the most transparent account out of the banks on our list. The SpotMe on Chime Card Limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime’s or its banking partners’ discretion. Credit score is one of many factors creditors may consider in evaluating credit applications. Chase requires no minimum deposit for any checking account but charges monthly service fees ranging from $4.95-$35 depending on the account type.

Choose One of Your Personalized Deposit Options

To choose the best high-yield savings accounts with no minimum balance requirements, we analyzed dozens of accounts that offer competitive APYs without requiring a minimum opening deposit or ongoing balance. Ally requires no minimum deposit and charges absolutely no monthly maintenance fees, overdraft fees, or minimum balance requirements. And, there are lots of interest-bearing account types to choose from, including certificate of deposit (CD) accounts, money market accounts, regular savings accounts and high-yield savings accounts.

Savings Compared to Common Account Fees

• If you’re approved, you may be required to make a minimum opening deposit and create a PIN for your debit or ATM card.
• But the reason we chose it for this list is that, in addition to regularly offering a good rate even when the market is in flux, this account is designed for quick, easy transfers to and from other accounts.
• Citi offers multiple checking options with no minimum opening deposit required, but monthly service fees range from $5-$15 depending on the account type.
• The Capital One 360 Checking account has no minimum opening deposit, monthly maintenance fee, or minimum balance requirement.
• You get up to $50 in overdraft coverage on debit purchases (with eligible direct deposit), plus access to 55,000+ fee-free ATMs nationwide.
• Some advertise no monthly fees but charge ‘behind the scenes’ for many other features.

Savings accounts without minimum balance requirements can help you save more and stress less, and they’re not hard to find anymore (plus, they’re some of the easiest bank accounts to open online). Savings accounts without minimum balance requirements might require you to deposit some funds within a couple of months to alexa casino “break in” the account, even when they don’t have ongoing minimums. The best high-yield savings account rates vary from bank to bank and over time. Life happens, and minimum balance requirements can be a problem when you need to use your savings.
You may have to pay third-party fees, like mutual fund transaction fees and charges for options contracts. All data is up to date as of Jan. 22, 2026, rates and fees subject to change. Factors (1) and (2) were weighted 0.5 times, factors (3) and (4) weighed 1.5 times, factor (5) weighed 3 times. All factors were then scored and combined, with the lowest score being the best.

American Express

The Ally Spending Account is an FDIC-insured checking account with no monthly fees or minimum balance requirements. To find the best checking accounts with no monthly maintenance fees, CNBC Select analyzed dozens of accounts offered by brick-and-mortar banks, credit unions and online institutions. However, brick-and-mortar institutions are more likely to charge monthly maintenance fees or require certain conditions to waive them. No monthly maintenance fees, overdraft fees, or minimum balance to earn interest Online banks often offer high-yield savings accounts with rates averaging between 3.50% and 4.50%. The savings account requires a $0 minimum deposit, no monthly maintenance fees and has a competitive APY.
If you want to keep your checking and savings accounts under one roof, we recommend SoFi®. To help you find the right fit, we identified the best savings accounts with no monthly fees. If your bank charges account or maintenance fees, it’s time to switch so those fees don’t hurt your progress.

SoFi Checking Account

The account can be opened entirely online from either desktop or mobile app, making it a convenient and easy way to start banking at low cost. The 360 Checking Account provides US residents with a bank account with no monthly fees, no international transaction fees, and no opening or minimum deposit. Once you’re signed up, Chime will charge you no monthly fees¹ and give you a panel of features, including overdraft on debit card purchases and cash withdrawals⁵ offered via a special optional service called SpotMe®. Chime® is an excellent mobile finance app with no monthly fees¹! APYs are subject to change at any time without notice.
But the reason we chose it for this list is that, in addition to regularly offering a good rate even when the market is in flux, this account is designed for quick, easy transfers to and from other accounts. Even though this account doesn’t have a minimum balance requirement to open and earn interest, it does require monthly deposits as one option to unlock the highest rate. SoFi Checking and Savings is a joint account that earns interest on your checking and savings balances, and it stood out in our research because you can earn interest on all your money. Switching to a savings account with no monthly fees will help you save money and grow your money faster. If your bank charges account fees, your savings account is losing money.