We analyze online bank accounts in the U.S. to uncover which have the best earnings, benefits, and the lowest fees. Learn more about our methodology here. Bank awards methodology | Previous Award Winners

1. Best No-Fee Credit Union

Alliant Credit Union

A+ MyBankTracker Rating

Easy credit union membership with low account fees and high rates.

Best Feature: Free online checking and ATM refunds

Alliant Credit Union is a top-rated credit union due to its consumer-friendly fee policies. None of its deposit accounts have monthly fees. You can use any ATM and Alliant will refund up to $20 per month in ATM fees. Alliant credit cards make great tools for consolidating high-interest credit card debt. And, it’s easy for anyone to join Alliant. All you have to do is donate $10 to Foster Care to Success, a nonprofit organization.

  • Earn

    High-Rate Savings account offers a competitive 1.00% APY

    High-Rate Checking account comes with 0.65% APY

  • Fees

    No fees on any of its deposit accounts

    You get up to $20 per month in reimbursed ATM fees

    No balance transfer fees on Alliant Credit Union credit cards (unless part of a promotional offer)

  • Benefits

    Easy membership with a small one-time donation

    Surcharge-free access to more than 80,000 ATMs

    Alliant Budget & Planning Tool to help you manage your finances

    P2P allows you to send money to friends with ease

    Mobile app available on the Apple App Store and Google Play

2. Best Credit Union for Rewards Credit Cards

Pentagon Federal Credit Union

A MyBankTracker Rating

Third-largest credit union by assets and members with more than 30 branches.

Best Feature: Credit cards with high rewards rates

Pentagon Federal Credit Union happens to be one of the nation’s largest credit unions. It offers a wide variety of financial products and services and it makes joining easy with a small one-time donation. PenFed truly shines with its amazing credit cards. Many of them offer high rewards on everyday spending categories, including gas and groceries. Other cards have very low fees. It’s extreme easy for anyone to become a member -- just donate $15 to an eligible military organization.

  • Earn

    PenFed Platinum Rewards Visa Signature offers 5x points on gas at the pump, 3x points at supermarkets, and 1x points on everything else

  • Fees

    Free ATM access at more than 50,000 ATMs

    PenFed Promise credit card doesn’t have any fees

  • Benefits

    Lenient membership policy -- join with a small one-time donation

    Major perks (e.g., fee waivers and better borrowing rates) for military members

    Mobile app available on the Apple App Store and Google Play

3. Best Credit Union for High-Yield Checking

Consumers Credit Union

A+ MyBankTracker Rating

Earn an extremely high APY with a free checking account.

Best Feature: Free Rewards Checking account

Consumers Credit Union deserves spot on our list thanks to its high-yield checking account that comes without monthly fees and with unlimited ATM fee refunds. On top of that, Consumers Credit Union offers a variety of financial management tools, both through online services and software and person-to-person advice. To join, all you have to do is make a one-time $5 donation to the Consumers Cooperative Association.

  • Earn

    Earn up to 4.59% APY on balances of up to $20,000 with the Free Rewards Checking account

  • Fees

    Free Rewards Checking account will reimburse all ATM fees and it has no monthly fee

  • Benefits

    Easy to join with a one-time donation

    Free Personal Finance Management software to help you manage your finances

    Free financial counseling through BALANCE and BalanceTrack

    Text banking allows you to check your balance and transactions on the go

    Mobile app available on the Apple App Store and Google Play

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Wednesday, 09 Nov 2016 2:42 PM
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