#1 BEST Bank Accounts 2024 (High Yield Savings and Checking)

Тәжірибелік нұсқаулар және стиль

Here are the BEST Checking & Savings accounts of 2024! All of them are high yield with no monthly fees or minimum balance requirements so you can grow your money FASTER! Click “Show More” to see Ad Disclosure.
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🏦 SoFi Checking + Savings
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🏦 Ally Savings
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🏦 Ally Money Market
www.ally.com/bank/money-marke...
🏦 Ally Checking (“Ally Spending”)
www.ally.com/bank/interest-ch...
🏦 Capital One Savings
www.capitalone.com/bank/savin...
🏦 Capital One Checking
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🏦 Discover Savings
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🏦 Charles Schwab Checking (Schwab Investor Checking)
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🏦 Chase Checking
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00:00 - Intro
00:48 - Ally Savings Account
4:19 - Ally Checking Account
6:58 - Capital One Savings
8:37 - Capital One Checking
10:17 - SoFi Checking and Savings
13:10 - Discover Savings
14:03 - Discover Checking
16:06 - Charles Schwab Checking (Schwab Investor Checking)
19:29 - ATMs
When you look at the typical savings accounts and checking accounts from the major banks (like Chase, Bank of America, Wells Fargo, and others), you’ll notice that many of them have minimum opening deposits, minimum account balances ($1,500 is very common), monthly maintenance fees, and virtually NO INTEREST to be earned.
However, in more recent years, we’ve seen the rise of many online banks (that is, they have limited or no branch locations). Due to the significant cost savings associated with an online model, these banks can offer much higher interest rates than you normally see while still offering many of the services you need. For instance, a lot of banking can be done online these days, including mobile deposit of checks, sending or receiving funds, paying bills, and more. For this reason, the traditional model of going into a bank branch has become a lot less common, so a lot of people can do just fine with online-only banks. Some of these include Ally Bank, Capital One Bank, SoFi Bank, Discover Bank, and others.
I’ve been a user of both the traditional big banks and the newer online banks, and they’ve all got their pros and cons. That said, I find myself using the online banks a lot more these days, primarily to avoid minimum balance requirements, fees, and to earn interest at a higher rate.
Learn about the features and benefits of some of the best ones in this video to see if they’re right for you!
Disclosure: The thoughts, opinions, and information presented are those of the creator. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com, YourBestCreditCards.com, and others. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#checkingaccount #savingsaccount #highyieldsavings

Пікірлер: 257

  • @MarkReese
    @MarkReese5 ай бұрын

    🏦 SoFi Checking + Savings markscreditcards.com/sofibanking 🏦 Ally Savings markscreditcards.com/allysavings 🏦 Ally Money Market www.ally.com/bank/money-market-account/ 🏦 Ally Checking (“Ally Spending”) www.ally.com/bank/interest-checking-account/ 🏦 Capital One Savings www.capitalone.com/bank/savings-accounts/online-performance-savings-account/ 🏦 Capital One Checking www.capitalone.com/bank/checking-accounts/online-checking-account/ 🏦 Discover Savings www.discover.com/online-banking/savings-account/ 🏦 Discover Checking www.discover.com/online-banking/checking-account/ 🏦 Charles Schwab Checking (Schwab Investor Checking) www.schwab.com/checking 🏦 Chase Checking markscreditcards.com/chasechecking ------------ 💳👇 VIEW CREDIT CARD OFFERS! markscreditcards.com/offers 🛍 RAKUTEN - Earn More Cash Back! markscreditcards.com/rakuten

  • @user-cg6rx6hh3t
    @user-cg6rx6hh3t4 ай бұрын

    Great job, keep it up! Informative and clear Came in handy, thanks

  • @MarkReese

    @MarkReese

    4 ай бұрын

    Thanks! Glad it was helpful 🎬

  • @6EBEN9890
    @6EBEN98905 ай бұрын

    For a CC, you are very open which is refreshing 😀. New sub, now binge watching.

  • @MarkReese

    @MarkReese

    5 ай бұрын

    I appreciate that! Thank you & enjoy the binge 🎬

  • @bradgruver
    @bradgruver5 ай бұрын

    Everyone should realize sure, you can probably get a higher rate with some random banks out there but I’d rather take a small hit (marginal when compared to other HYSAs) for good customer support and no weird introduction rates. All of these banks listed do HYSAs well, thanks Mark!

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Yep I've had excellent experiences with all of them 🏆

  • @sararamos3903
    @sararamos39034 ай бұрын

    Thank you for your quick response. I forwarded your vid to my young adults. God bless.

  • @MarkReese

    @MarkReese

    4 ай бұрын

    Glad to help!

  • @sweetsharie66
    @sweetsharie663 ай бұрын

    This was very helpful. Thanks!

  • @MarkReese

    @MarkReese

    3 ай бұрын

    You're welcome!

  • @ctrushfan8575
    @ctrushfan85755 ай бұрын

    It's not the same type of account but I use the Fidelity cash management account as my checking account. All the same benefits as the others with a 2.72% apy.

  • @shawn.credit

    @shawn.credit

    5 ай бұрын

    Fidelity CMA is clutch, the brokerage account is excellent too the Gold debit card on the brokerage account is beautiful!

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Looks like another great option! 💯

  • @Imsuchaniceguy

    @Imsuchaniceguy

    5 ай бұрын

    Open a brokerage and transfer your savings their into a government core holding, it pays 5% and it’s like cash

  • @OctoberB.-mr6fv

    @OctoberB.-mr6fv

    3 ай бұрын

    Blessings be upon you brother for this piece of info! Can Fidelity be used like a bank account? Does Zelle work with it?

  • @shawn.credit

    @shawn.credit

    3 ай бұрын

    @@OctoberB.-mr6fv It can be used as a bank account without issues they don’t support Zelle though just ACH transfers.

  • @VipMillennial
    @VipMillennial21 күн бұрын

    Thank you for the video I currently have SoFi and couldn't decide I currently bank with bank of Oklahoma so because of your video I will make the switch to my SoFi

  • @i_am_unique1344
    @i_am_unique13444 ай бұрын

    New subscriber. Love the information. ❤

  • @MarkReese

    @MarkReese

    4 ай бұрын

    Glad to hear you enjoyed the info + thank you for subscribing! 🥇

  • @nattieestimable7985
    @nattieestimable7985Ай бұрын

    Thank you, you were very helpful!

  • @MarkReese

    @MarkReese

    Ай бұрын

    You're welcome!

  • @Esmeskeckle
    @EsmeskeckleАй бұрын

    Helpful video thanks for posting it

  • @MarkReese

    @MarkReese

    Ай бұрын

    Glad to hear it! 💯

  • @lisalee1675
    @lisalee16755 ай бұрын

    Very good information thanks will go for capital one

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Glad it helped! Enjoy the C1 account 💯 I've really liked using it.

  • @paulstein916
    @paulstein9165 ай бұрын

    Hi mark, thank you for.a well presented review of these accounts and highlighting the features of each. I have a C1 cafe not too far away, so that might be a good option.

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Nice! Have you visited yet? I likde the concept when I visited the one in San Diego, CA 👍

  • @paulstein916

    @paulstein916

    5 ай бұрын

    @@MarkReese Not yet, but I plan to check it out.

  • @engineerengineer2218
    @engineerengineer22185 ай бұрын

    Great video Mark!!! When I was in Indonesia, my Schwab debit card seemed not to work with certain ATMs. In that case I used my capital one ATM debit and it worked(never had an issue with it with my multiple visits to Asia). C1 ATM in Indonesia for some reason had no ATM fees charges, C1 does not charge a foreign transaction fees. My experience with Discover basically did not work at all in Indonesia, debit or ATM.

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Great data points, thanks! Likely a smart idea to research the destination prior to traveling to see what's accepted 💯

  • @user-zo9bo9em2d
    @user-zo9bo9em2d5 ай бұрын

    This video is a goldmine of information for anyone looking to optimize their banking experience in 2024! The presenter's thorough analysis of high-yield savings and checking accounts makes it easy to understand the top options available. I appreciate the detailed breakdown of each account's features, benefits, and potential drawbacks, helping viewers make informed decisions about where to stash their cash. Thanks for the valuable insights! 💰🏦

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Glad you found it helpful! 💯

  • @TheSimpleDollarShow
    @TheSimpleDollarShow5 ай бұрын

    Awesome to see 4.35% rates right now! Thanks, a much needed video!

  • @MarkReese

    @MarkReese

    5 ай бұрын

    You bet! The monthly interest payments are great 💯

  • @jamesfisher1340

    @jamesfisher1340

    2 ай бұрын

    4.35% but $15 for some fast food

  • @shawn.credit
    @shawn.credit5 ай бұрын

    I have checking with all four of these, solid banks for sure their savings rates are excellent. I have accounts with the other three accept Citi for checking as well their rates are low low low. SoFi, C1, Ally would be my recommended choice Discover transfers are slow.

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Great that you've got experience using a lot of these, too!

  • @meripoopriop
    @meripoopriop5 ай бұрын

    Got the Alaska card last year with the 70k bonus and a $100 credit! So it was basically free for me during the first year. Also got the companion cards

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Congrats! Great card + offer 💯

  • @OrinzalWilliams
    @OrinzalWilliams5 ай бұрын

    Ally savings interest compounds daily and is deposited each month. Most savings accounts compound monthly.

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Good point! 💰

  • @mandypdx

    @mandypdx

    5 ай бұрын

    Amex does too 👍

  • @CharlesINTEL

    @CharlesINTEL

    4 ай бұрын

    Unless you have $100K+, it's not much of a difference. Google search interest compounded daily monthly calculator to see for yourself.

  • @shaneyg25
    @shaneyg253 ай бұрын

    Thank you for these great recommendations. I am going to open a hysa with ally. I had a car loan with them in the past and it was good experience. I also like the savings bucket feature

  • @MarkReese

    @MarkReese

    3 ай бұрын

    Glad to hear your previous experience with Ally was good! Enjoy the new savings account 💯

  • @ChaseDizzie
    @ChaseDizzie2 ай бұрын

    Best video I've seen so far. He actually goes over the interfaces of the websites/apps and he actually chose the best banks for the average consumer. Although I would replace SoFi with Alliant or Navy Fed.

  • @MarkReese

    @MarkReese

    2 ай бұрын

    Thank you! Do you use Alliant and/or Navy Fed yourself?

  • @ChaseDizzie

    @ChaseDizzie

    2 ай бұрын

    @@MarkReese Yes, I use both.

  • @yolandagutierrez7465
    @yolandagutierrez74655 ай бұрын

    Thanks!

  • @MarkReese

    @MarkReese

    5 ай бұрын

    You're welcome!

  • @derrickgentle7174
    @derrickgentle71743 ай бұрын

    I have discover, I have use the checking for all my bills, plus I have the savings account and credit card. Phenomenal bank indeed.

  • @MarkReese

    @MarkReese

    3 ай бұрын

    Great to hear you've been having a solid experience w/ Discover 💯

  • @derrickgentle7174

    @derrickgentle7174

    3 ай бұрын

    @@MarkReese I’ve following you for quite for time man. Thanks so much.

  • @nysaxman
    @nysaxman28 күн бұрын

    My emergency fund is in a high yield savings account with Synchrony Bank. I'm getting 4.75% APY

  • @sheaheeney2579
    @sheaheeney25795 ай бұрын

    Love Ally. We also keep a local credit union. Business is with Chase.

  • @MarkReese

    @MarkReese

    5 ай бұрын

    🏆

  • @TR-vh1fi
    @TR-vh1fi5 ай бұрын

    Great video

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Thanks!

  • @denieceroche132
    @denieceroche1322 ай бұрын

    Thank you for the information... I was wanting to have a little diversity in my banking portfolio... But being in a small town our physical branches are limited -- and we all know each other - - I like to keep my financial business private.... I just opened an account through your link. I hoped that way you get a commission for it...

  • @MarkReese

    @MarkReese

    2 ай бұрын

    Glad you found the information helpful! Enjoy the new account & thank you for using the link!

  • @ivansteel15
    @ivansteel155 ай бұрын

    Can you make a video about leasing / financing a new car? . This is something i was never taught because i am first generation .i would like to know the difference , what they mean and which one benefits the buyer . Just a suggestion. I love your content.

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Thanks for the suggestion, Ivan! I'll consider it, but it may be a better topic for the broader financial channel I just started called The Simple Dollar Show. Check it out here: www.youtube.com/@TheSimpleDollarShow I'll add the 'lease vs. finance' topic to the future list 👍

  • @didicotton3900
    @didicotton39004 ай бұрын

    Thank you, very helpful 👍🏾

  • @MarkReese

    @MarkReese

    4 ай бұрын

    You're welcome!

  • @jesusismysavior844
    @jesusismysavior8445 ай бұрын

    I ❤ my C1 360 savings account. Plus i have several of their cc.

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Glad to hear it!

  • @Mundus-vult-decipi
    @Mundus-vult-decipi5 ай бұрын

    Thanks for the video! Mark! I recently opened up the Amex checking account. I had a sign up bonus as well.

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Awesome!

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Does it have bill pay yet for non-Amex bills?

  • @Mundus-vult-decipi

    @Mundus-vult-decipi

    5 ай бұрын

    @@MarkReese not in the app but you can make a transfer between bank accounts. The way I pay bills is by adding the Amex checking account as a payment method for my chase, capital one and BOA, Wells Fargo, Discover, and Barclays cards. In the BOA app you can set up bill pay to be paid by outside banks just like the Amex checking.

  • @Mundus-vult-decipi

    @Mundus-vult-decipi

    5 ай бұрын

    @@MarkReese no it doesn’t. That I saw. You can transfer money to other banks. And pay off other cards by added it as a bank account

  • @MarkReese

    @MarkReese

    5 ай бұрын

    @@Mundus-vult-decipi - Thanks for letting me know 👍

  • @ModernMoneyHabits
    @ModernMoneyHabits4 ай бұрын

    I use all of these banks. I keep Chase and Wells for cash deposits. (Who is still using cash? Poker player's, that’s who!) As a self employed person I’m not a fan of SoFi’s lame Direct Deposit requirements. But all these banks have their strengths. These work well with the Dave R. Strategies of money management. 👍

  • @MarkReese

    @MarkReese

    4 ай бұрын

    Great to hear! Big fan of Dave R's cash approach (I just add in credit card use, too) 🤙

  • @RickyBobbyGetEm
    @RickyBobbyGetEm5 ай бұрын

    You should ask for an Ally debit card replacement if you dont want the embossed card anymore, the new ones have the numbers in the back 👍 I have it myself and it's great

  • @shawn.credit

    @shawn.credit

    5 ай бұрын

    Love the new debit design I hope to get a credit card invitation in time!

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Ah great to know, thanks! Those embossed cards take up more room in my wallet. Great that I can now downsize a bit 👊

  • @l.a.rivasesq.8841
    @l.a.rivasesq.88415 ай бұрын

    Thank you for another informative video! What did you think about Synchrony Bank’s online high yield savings account? Their APYs are consistently competitive. Right now it’s 4.75%

  • @MarkReese

    @MarkReese

    5 ай бұрын

    It's an excellent rate! I can't comment on the Synchrony HYSA yet since I haven't tried it. Perhaps I need to 😁

  • @josephmgomez3921

    @josephmgomez3921

    4 ай бұрын

    My 2 HYSA's are Synchrony and Wealthfront....I like them alot for their ATM access.

  • @leoqueen3852

    @leoqueen3852

    2 ай бұрын

    How does the HYSA vs SA relate to taxes?

  • @Richptoptier
    @Richptoptier2 ай бұрын

    Great video, I’m here looking for a checking account to pair with my Marcus high yield savings account

  • @MarkReese

    @MarkReese

    2 ай бұрын

    💯👍

  • @kristinblanchard8463
    @kristinblanchard8463Ай бұрын

    My son just graduated college- looking to add a more robust bank account with easy online bill pay to automate things and apply for his own credit card. Currently has been using USAA checking (debit & Zelle), savings and is a cardholder on our credit card for emergencies. I like the simple look of Capital one. which do you think for this situation?

  • @MarkReese

    @MarkReese

    Ай бұрын

    My vote is for Capital One, too. Fantastic interface, simple to use & find features, and I've experienced virtually no down time with the app / online portal. Also, very competitive rates on the savings account.

  • @russellpad
    @russellpad4 ай бұрын

    I have a discover hysa, what i dont like though is the time it takes to transfer money from and to my Hysa discover account. If i create a discover checking account is the transfer speed between discover hysa and checking instant or faster?

  • @MarkReese

    @MarkReese

    4 ай бұрын

    Based on the transfer timeline I can see on my dashboard, going from Discover HYSA to Discover Cashback Debit (checking) ... and vice versa ... seems to be the same business day. Normally transfers to / from a HYSA account to another external account (i.e. different bank) take several days. Checking accounts seem to be faster.

  • @russellpad

    @russellpad

    4 ай бұрын

    ​@@MarkReese is capitol one hysa paired with capital one checking any faster than discover's. I just want to have that peace of mind that just in case of emergency i can easily tap on my savings.

  • @ItsJustMeStevie
    @ItsJustMeStevie4 ай бұрын

    Thanks for this video. Really helpful. Was using WF 2 months ago and opened a SOFI account. Extremely happy with it. Kept WF for Zelle and emergency access to ATMs. Now wondering if I should move my funds in 3.65% AMEX HYSA to SOFI and create a Vault for it at 4.60%. 🤔

  • @MarkReese

    @MarkReese

    4 ай бұрын

    You're welcome! Glad to hear you're enjoying SoFi 💯

  • @valeriabrown5327

    @valeriabrown5327

    4 ай бұрын

    Discover card has zelle also with money back on there checking account

  • @josephmgomez3921

    @josephmgomez3921

    4 ай бұрын

    I wouldn't move from WF to SoFi

  • @caribdude8151
    @caribdude8151Ай бұрын

    Yes Sir! 👍

  • @MarkReese

    @MarkReese

    Ай бұрын

    👍👍

  • @scrpturess4593
    @scrpturess45935 ай бұрын

    Idk if anyone is on here anymore but I’m stuck between the Capital 360 performance and SoFi. Sofi is quick and easy. I’ve heard great things but I already have a CC with Capital and I love how accesible they are plus they have branches. Stuck between this choice

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Going with C1 would allow you to have more products in 1 place. Going with SoFi means you'd have your money in 1 place and your CC in another. No problem with that, just a slight inconvenience. Why not go with both & try them out? Then close the one you don't want. I've found getting hands-on experience with different products helps me make decisions a lot easier.

  • @scrpturess4593

    @scrpturess4593

    5 ай бұрын

    @@MarkReese you’re right. Might just try that out! Thank you Mark!

  • @mikebiggs1337

    @mikebiggs1337

    4 ай бұрын

    I have been using c1 love it

  • @josephmgomez3921

    @josephmgomez3921

    4 ай бұрын

    I would never deal with Capital 360

  • @ExOhz

    @ExOhz

    3 ай бұрын

    ​@@josephmgomez3921why not

  • @Jim1971a
    @Jim1971a2 ай бұрын

    I have the capital one savings account. I’m very happy with it👍

  • @MarkReese

    @MarkReese

    2 ай бұрын

    Glad to hear it!

  • @LPs_37
    @LPs_375 ай бұрын

    What are your thoughts on the acorns mighty oak card which allows you to get 5% savings account and 3% checking

  • @shawn.credit

    @shawn.credit

    5 ай бұрын

    Interesting card looks niche too, love the fact your signature is etched on the front of the card and tungsten card whoa card will last for life ha.

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Haven't looked into it enough to comment on it yet ✌

  • @lonewolf1647

    @lonewolf1647

    3 ай бұрын

    @@shawn.credit are you on any social media man?

  • @chrisoverbey5937
    @chrisoverbey59375 ай бұрын

    Great video Mark. Planning to move to SoFi, and was wondering how a bundled account works. Your explanation definitely cleared things up! Doesn’t SoFi have a $300 sign-up bonus running for new accounts that set up direct deposit?

  • @MarkReese

    @MarkReese

    5 ай бұрын

    That was the #1 mystery to me too for awhile! Glad the explanation clarified it for you. Yes, a $300 welcome offer has been available. Actually, my SoFi referral link is showing a higher $325! Check it out here: markscreditcards.com/sofibanking I've been liking the layout / interface and ease of use 👍

  • @sedricwilliams4522

    @sedricwilliams4522

    5 ай бұрын

    So be honest is SoFi better than discovery, checking and savings wise?

  • @TheTravelingHatter
    @TheTravelingHatter5 ай бұрын

    Currently using the Apple savings with 4.35% rate with no direct deposit requirement. However, Apple has no ATMs 😀 and there is no option to deposit directly into the savings account

  • @MarkReese

    @MarkReese

    5 ай бұрын

    A solid rate with the account though!

  • @leoqueen3852
    @leoqueen38522 ай бұрын

    New subscriber! Great info. What is the best bank for Ira mutual fund account? Thanks

  • @MarkReese

    @MarkReese

    2 ай бұрын

    Welcome aboard & thank you! I wouldn't say there's "one" best one, but some top ones for opening an IRA include: - Charles Schwab - Vanguard - Fidelity I personally have my IRA with Vanguard.

  • @leoqueen3852

    @leoqueen3852

    2 ай бұрын

    @@MarkReese thanks I will look into it

  • @sararamos3903
    @sararamos39034 ай бұрын

    There’s a bank inside some Walmarts. wood forest bank. I’d like to know your opinion plz. N thanks.

  • @MarkReese

    @MarkReese

    4 ай бұрын

    Hi Sara - I'm not able to comment on Woodforest National Bank as I'm unfamiliar with it.

  • @sedricwilliams4522
    @sedricwilliams45225 ай бұрын

    Hey mark I’m 21 I just closed my bank account with Wells Fargo so my job is making me wait 3 weeks bc that’s how long it takes to get my check in the mail all the way from my companies main base so I need help on deciding whether to get SoFi or discovery if I’m going to do a direct deposit, please help :)

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Either one will work just fine 👍 FYI: SoFi is offering a welcome bonus from $50 - $325 depending on the size of the direct deposit. Here's my referral link to learn more about it: markscreditcards.com/sofibanking The terms are at the bottom of the page.

  • @Zima_Blue
    @Zima_Blue5 ай бұрын

    Have you ever used Wealthfront? Would love to see a video on them.

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Not yet, but it's on my list!

  • @josephmgomez3921

    @josephmgomez3921

    4 ай бұрын

    I have Wealthfront HYSA and Amex checking account.

  • @lakeshiacreates861

    @lakeshiacreates861

    3 ай бұрын

    I have a Wealthfront account, and I like them so far

  • @josephmgomez3921

    @josephmgomez3921

    3 ай бұрын

    @@lakeshiacreates861 I'm keeping my Wealthfront account.

  • @yj3881
    @yj38815 ай бұрын

    As always, another great video! What do you think about AmEx checking account for both personal and business? Thx

  • @MarkReese

    @MarkReese

    5 ай бұрын

    For business...it's quite good and has been improving since launch. For person...I can't comment on it as I haven't used it. The #1 reason I ran away fast though was the lack of a bill pay feature, at least when it launched. You could only pay Amex bills, which was hugely limiting. Not sure if that's still the case.

  • @laurenoliveira2800
    @laurenoliveira2800Ай бұрын

    I can’t figure it out, was there any interest for a discover checking?

  • @MarkReese

    @MarkReese

    Ай бұрын

    Nope.

  • @LiaGridley
    @LiaGridleyАй бұрын

    I’m 17 and I just graduated and I’m about to get a job and go to college(nothing crazy) and I’m trying to figure out where I should start. Credit union or one of these listened?

  • @MarkReese

    @MarkReese

    Ай бұрын

    Either can be fine. Compare the important things like: - Monthly service fees - Minimum deposit requirements - Minimum account balance requirements - Etc. ^ Ideally, all of those should be $0.

  • @Pepecoin123
    @Pepecoin1235 ай бұрын

    Till this day idk why people still have shitty banks like chase,BofA,Wells Fargo like online banking is way better and it’s FREEE with better apy’s, No Feess

  • @MarkReese

    @MarkReese

    5 ай бұрын

    😁👍

  • @jerrypowell4537
    @jerrypowell4537Ай бұрын

    I'll probably go with Capital One or Ally.

  • @MarkReese

    @MarkReese

    Ай бұрын

    💯👍

  • @bellamsshay
    @bellamsshay3 ай бұрын

    Will you receive a card when opening a capital one savings account?

  • @MarkReese

    @MarkReese

    3 ай бұрын

    When I opened my Capital One Savings account in 2019, Capital One sent an "ATM Card." Not sure if they still do. This 2023 post from "Money" says it doesn't come with a card (read the section called 'Availability'): money.com/capital-one-360-performance-savings-high-yield-savings-accounts-review/#:~:text=Since%20Capital%20One%20savings%20accounts,time%20using%20the%20mobile%20app.

  • @regmatt
    @regmattАй бұрын

    if depositing a cheque in checking account , which bank is faster to recieve money the next day ?

  • @MarkReese

    @MarkReese

    Ай бұрын

    Not sure about that.

  • @yechenzhu8534
    @yechenzhu85345 ай бұрын

    I have opened a citi checking for sign-up bonus. When can I close this checking account without being charging back the bonus?

  • @MarkReese

    @MarkReese

    5 ай бұрын

    You'll have to read the terms of the offer since each bank has their own rules. Look for something like Early Account Termination Fee. Do you have a link to the page where you signed up?

  • @yechenzhu8534

    @yechenzhu8534

    5 ай бұрын

    banking.citi.com/cbol/OM/checking/enhanced-direct-deposit-offer/default.htm?venue=GoogleBR&cmp=knc_acquire_2308_BAUCHK_Google_BR&gad_source=1&gclid=CjwKCAiAk9itBhASEiwA1my_6-Rrqfoq4I-U6dQ00vAZsCPCuY9t7GFkd8ZeAO1brrfNsq1jPlsvzBoCOeMQAvD_BwE&gclsrc=aw.ds&BT_TX=1&ProspectID=8124668B5FD44A63B17DE78A0ABC4E08. Thank you@@MarkReese

  • @natmont4630
    @natmont46304 ай бұрын

    Hello mark i want to get a credit card which bank do you recommend

  • @MarkReese

    @MarkReese

    4 ай бұрын

    Hi - I don't recommend cards based on bank. Better to focus on cards that give you the rewards / benefits / value that you personally want. Watch this video for some guidance: kzread.info/dash/bejne/fouKzNywebXRe5M.html

  • @kumbaga
    @kumbaga3 ай бұрын

    what's the difference between checking vs saving account? i don't understand

  • @MarkReese

    @MarkReese

    3 ай бұрын

    Here's a helpful article that explains the differences: www.huntington.com/learn/saving/differences-between-checking-and-savings#:~:text=Checking%20accounts%20allow%20quick%20access,%2C%20home%20remodel%2C%20etc).

  • @gentlybylia3181
    @gentlybylia3181Ай бұрын

    I'm 17 and I just graduated and I'm about tog et a job but I'm having a hard time choosing a bank. My mom has been with chase since she was in her teens but she said she doesn't recommend it. Their service is horrible now. Is there any one bank I should join that I can make a savings account as well?

  • @MarkReese

    @MarkReese

    Ай бұрын

    Any of the ones mentioned in the video are fine. I personally prefer Capital One.

  • @jovita_Fidel
    @jovita_FidelАй бұрын

    I have Checking account with BofA and a checking account with Capital one. I want to open a Savings account in one of those two banks? Which one you recommend?

  • @MarkReese

    @MarkReese

    Ай бұрын

    I prefer Capital One. Much better interest rate and better online / app experience.

  • @jovita_Fidel

    @jovita_Fidel

    Ай бұрын

    @@MarkReese thank you Mark.

  • @a.d.c7941
    @a.d.c79412 ай бұрын

    So overall which one would you say is the best checking account? Thats what I wanted. I dont want to have 20 different bank accounts. My money is too young. I need the best one out of the ones in the video.

  • @MarkReese

    @MarkReese

    2 ай бұрын

    There isn't an objective answer that everyone will agree with. For me, it's Capital One 360 Checking.

  • @a.d.c7941

    @a.d.c7941

    2 ай бұрын

    Thank u. I trust u enough to look at them deeply. Thanks bro

  • @CreasyEQ
    @CreasyEQ5 ай бұрын

    Reese man, when you opened a bank account with capital one. Did it help, you get an increase on your credit card❓

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Not that I'm aware of. I haven't seen any data suggesting that it does or does not help.

  • @Kim-np7qr
    @Kim-np7qr15 күн бұрын

    Is the discovery card accepted everywhere since it’s not VISA?

  • @MarkReese

    @MarkReese

    15 күн бұрын

    No. Per Discover, their cards are accepted at 99% of merchants nationwide that accept credit cards. However, that 1% could still be a good number of places that don't take it depending on where you live / the kind of places you shop at. It could also be a bigger issue internationally. Personally, I've only had 1 experience in the past 8 years when Discover wasn't taken within the U.S.

  • @viewer917
    @viewer9175 ай бұрын

    I got offer a high yeild checking account for AMEX for 1% Should I take it?

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Is it for 'Rewards Checking Account'? If so, it's up to you. I personally avoided it for now since you can only pay Amex bills with it (i.e. there's no standard Bill Pay feature to pay all other bills). That should be coming at some point in the future.

  • @Michael-qs1yd
    @Michael-qs1yd5 ай бұрын

    American Express checking account is at 1% APY and Western Alliance Bank High Yield Savings Account is offering 5.35% APY. There are way better options than the ones you mention in the video.

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Great additions! This video isn't comprehensive. That said, Western Alliance doesn't look to be available nationwide. I'm focused on national accounts rather than regional.

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Additionally, the Amex Rewards Checking account didn't launch will bill pay, which was a major deterrent for me. Has that been added yet?

  • @Michael-qs1yd

    @Michael-qs1yd

    5 ай бұрын

    @@MarkReese West. Alliance Bank is online banking only I would imagine anyone within the US could sign up for the account regardless of their location. By the way, I love your videos! I learn a lot

  • @Michael-qs1yd

    @Michael-qs1yd

    5 ай бұрын

    @@MarkReese No, unfortunately it still doesn't have bill pay.

  • @ow5966

    @ow5966

    5 ай бұрын

    ​No Amex hasn't added that feature and I am tired of not being able to use a billpay feature to pay my bills the with the Amex checking account. ​@@MarkReese

  • @autobotdiva9268
    @autobotdiva92685 ай бұрын

    capital one savings seems like a good option!

  • @MarkReese

    @MarkReese

    5 ай бұрын

    I like it!

  • @mikebiggs1337

    @mikebiggs1337

    4 ай бұрын

    Definitely c1

  • @garybishop4030

    @garybishop4030

    3 ай бұрын

    I like them also. Stay away from Fidelity bank

  • @Themooryoukno9

    @Themooryoukno9

    2 ай бұрын

    @@garybishop4030why ?

  • @djdavisiscool
    @djdavisiscool5 ай бұрын

    Fees to withdraw from savings?

  • @MarkReese

    @MarkReese

    5 ай бұрын

    None that I'm aware of 👍

  • @sararamos3903
    @sararamos39034 ай бұрын

    What about credit unions that are fdic. I’m older and don’t like going online to do any thing. I prefer person to person. Is ally only online? I getting outta BoA. Thank you.

  • @MarkReese

    @MarkReese

    4 ай бұрын

    Nothing wrong with credit unions; some may be very good and even better than some banks. Worthwhile to do some research to see which one may be a good fit for you. I don't cover them on the channel due to the requirements to join (which may include where you live, work, or the groups you're associated with), and my lack of experience using them. Yes, Ally is online only.

  • @anne9138
    @anne91382 ай бұрын

    Do you also get a card for ally savings?

  • @MarkReese

    @MarkReese

    2 ай бұрын

    Are you asking if Ally sends a physical ATM card if you only open a savings account?

  • @anne9138

    @anne9138

    2 ай бұрын

    @@MarkReese yes 🙂

  • @MarkReese

    @MarkReese

    2 ай бұрын

    @@anne9138 - Got it. In that case, no. Only Checking Accounts and Money Market Accounts are eligible to receive debit cards.

  • @MichaelJohnson-ig4xp
    @MichaelJohnson-ig4xp4 ай бұрын

    most online savings are fixed rates. So if interests go up you need to close your present account and open a new one with the higher rate. The newest way for bankers to steal. I personally could not work for such dishonest people.

  • @MarkReese

    @MarkReese

    4 ай бұрын

    With which banks have you experienced that? My rates have automatically adjusted up / down with Amex, Discover, Capital One, Ally, and SoFi.

  • @karinacontreras2593
    @karinacontreras25934 ай бұрын

    What is your most favorite?

  • @MarkReese

    @MarkReese

    4 ай бұрын

    Capital One 👍

  • @bluethunder9102
    @bluethunder910228 күн бұрын

    Better just to use a credit Union mine gives 5 percent

  • @kazi1
    @kazi15 ай бұрын

    Hi

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Hey kazi1 👋

  • @khanscombe619
    @khanscombe6195 ай бұрын

    💯

  • @MarkReese

    @MarkReese

    5 ай бұрын

    💯

  • @gaalxystar1873
    @gaalxystar18735 ай бұрын

    It's ironic that the banks you don't recommend us to have has amazing credit cards

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Haha yep!

  • @nicks4727
    @nicks47272 ай бұрын

    "I have accounts with all these banks" damn

  • @MarkReese

    @MarkReese

    2 ай бұрын

    🏆

  • @SOXGATORS
    @SOXGATORS5 ай бұрын

    👍🏻

  • @MarkReese

    @MarkReese

    5 ай бұрын

    👍

  • @homelessbagabundo7125
    @homelessbagabundo712518 күн бұрын

    Comp contactar lo que an dado para contactarlo como que no funciona

  • @MarkReese

    @MarkReese

    18 күн бұрын

    No entendí la pregunta. Me la puedes hacer de otra manera?

  • @BlackMambaFan124
    @BlackMambaFan1245 ай бұрын

    Bask bank is good

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Did you get their Mileage Savings Account or their Interest Savings Account? What about it do you like?

  • @BlackMambaFan124

    @BlackMambaFan124

    5 ай бұрын

    @@MarkReese just signed up this month and got their interest savings account, 5.1APY is a nice benefit. It’s my first savings account

  • @walkermedia7823
    @walkermedia78235 ай бұрын

    It's like sponsor video

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Maybe so, but this video isn't sponsored.

  • @jetski335
    @jetski3355 ай бұрын

    😊

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Welcome! 😃

  • @danielalvarez8958
    @danielalvarez89583 ай бұрын

    i did no thank you them said but.

  • @MarkReese

    @MarkReese

    3 ай бұрын

    What do you mean?

  • @kbeezy7417
    @kbeezy74175 ай бұрын

    Nothing tops UFB Direct

  • @MarkReese

    @MarkReese

    5 ай бұрын

    5.25% APY is incredible! Do you use UFB? If so, how's the experience?

  • @kbeezy7417

    @kbeezy7417

    5 ай бұрын

    @@MarkReese yeah I do it’s been good….$ takes a while to transfer is the biggest problem

  • @CharlesINTEL

    @CharlesINTEL

    4 ай бұрын

    Milli 5.5% same transfer delay process but, no hoops like some others (must get a checking, hop on one foot 20 times a month, only on rainy days, while wearing pink shorts and etc).

  • @josephmgomez3921

    @josephmgomez3921

    4 ай бұрын

    I also have UFB Direct Savings....I'm happy with it.

  • @timothkalavuze4878
    @timothkalavuze48782 ай бұрын

    Africa?

  • @MarkReese

    @MarkReese

    2 ай бұрын

    Only the U.S. market

  • @bonanzatime
    @bonanzatime5 ай бұрын

    I don't understand 'the bucket thing', it just seems so stupid and redundant. I mean for a 5 year old I can understand it, but for an adult it's pretty ridiculous.😂

  • @MarkReese

    @MarkReese

    5 ай бұрын

    Some people like to set aside funds for specific purposes & see their progress against individual goals. Not for everyone though.

  • @i_am_unique1344

    @i_am_unique1344

    4 ай бұрын

    It is used to keep track on saving for something specific instead of writing it down or keeping an excel spreadsheet. What is hard to understand about that?

  • @bonanzatime

    @bonanzatime

    4 ай бұрын

    @i_am_unique1344 I understand that some 'adults' still play pokeman🤣

  • @UFCfan1

    @UFCfan1

    Ай бұрын

    @@bonanzatimeand some adults are miserable and whine in comment sections on KZread

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