I bank with Navy Federal. Chase offers $400 for a direct deposit over $600; SoFi offers $70. Wells Fargo pays $200, but has negative reviews. Discover is an option too. Considering Chase, unsure if it’s worth it.
If you’re looking for the best checking account to open, consider the Axos Bank Rewards Checking account. It has a high Forbes Advisor rating of 4.8 and is especially noted for its rewards. You can earn an annual percentage yield (APY) of up to 3.30% on balances up to $50,000. The minimum deposit requirement to open this account is $50.
Personally, I’d weigh the bonus amount against any monthly fees. If Chase has a high fee, the bonus might not be worth it. SoFi’s lower bonus might be better if they have no fees and features you like.
There are also online banks like Ally or Discover that offer high interest rates on your checking account balance, which can be a great way to earn extra cash over time.
Before you decide, make a list of your priorities (bonus cash, low fees, features) and see which bank checks the most boxes!
Chase Bank offers a comprehensive range of financial products, from checking and savings accounts to mortgages, investments and insurance, catering to diverse customer needs. Their extensive branch and ATM network, user-friendly online and mobile banking platforms and competitive rewards programs make Chase a great choice for managing all your financial needs effectively.