No monthly fees· #4
Open Account →Ally Financial
Ally Bank Spending Account
The savings-first bank for disciplined college students
Ally's Spending Account pays interest on checking — rare and valuable. Paired with their 4.20% savings account, it's the best banking setup for college students who want their money working for them while they focus on school.
✓ Pros
- 0.25% APY on checking — one of few checking accounts that pays interest
- Link to 4.20% APY savings — best high-yield savings in class
- Up to $10/month in out-of-network ATM fee reimbursements
✕ Cons
- No physical branches — entirely online
- Limited ATM deposit options
Scores
Overall
8.8
Safety
9.4
Value
9.3
Ease
9.1
Quality
9
Specifications
monthly Fee$0
checking A P Y0.25%
savings A P Y4.20%
atm Reimbursement$10/month
min Balance$0