The BEST Bank Accounts in 2020 | (4% interest? $2,000 signup bonus) Best Checking Accounts 2020

What are the best bank accounts in 2020? I break down the best checking accounts and best savings accounts in this video.

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I hate being ripped off with bank fees and low interest. Bank of America, Wells Fargo, and others charge you up to $100 or more in annual bank fees, pay you nothing in interest, and give you very few perks.

That is why I began researching the best bank accounts and best checking accounts to get in 2020.

Normally, the best checking accounts are the bank accounts with the highest interest rate. But because the federal reserve cut interest rates to near zero percent, all banks now have a similar interest rate. Therefore, the best interest rate banks are now no longer necessarily the best bank accounts to get in 2020.

I prioritized bank account signup bonuses, bank account perks, free ATM access, and other bank account benefits when ranking.

Additionally, all bank accounts must be free to use (no account maintenance fees), be FDIC insured, and be simple to use and understand.

SoFi Money is overall the best bank account to get. I have had SoFi Money for a few years now and have enjoyed the experience. (2:51)

Here are the best things about SoFi Money:
SoFi Money is free to use, even for ordering checks
SoFi Money allows you to withdraw cash from any ATM for free that accepts Mastercard
SoFi Money has mobile check deposit, budgeting tools, and a clean easy to use platform
SoFi has free financial planning consultations and other free resources for members
SoFi Money comes with a signup bonus of $75 with qualifying activities. You can use my link, but you do not need to. Just be sure you use someone's link to get $75!

💰💰 SoFi Money Checking $275 FREE bonus + FREE ATMS: https://bit.ly/3fkXIMN

Another great checking account to get is T-Mobile Money. (6:47)

Here is why T-Mobile Money is great:
T-Mobile Money gives you 4% interest up to $3,000 in your account
T-Mobile Money allows you to withdraw money from ATMs for free at any of the 55,000 Allpoint ATMs
T-Mobile Money has mobile check deposit and other helpful banking tools

You must be a T-Mobile customer to use T-Mobile Money.

Lastly, Chase Private Client is a great way to earn elite banking status and a ridiculous signup bonus. (8:49)

Chase Private Client gives a $2,000 signup bonus for the next few months if you transfer $250,000 of cash or securities into Chase Bank.

Chase Private Client is great for these other perks:
No fees for wires, cashier's checks, or most bank activities
1/8 to 1/4 of a point off of mortgage rates
No HELOC fees
A free Arts and Cultures card that gives you access at tons of amazing museums for free
A personal banker

What do you think of the best checking and best banking accounts?

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💰💰 SoFi Money Checking $275 FREE bonus + FREE ATMS: https://bit.ly/3fkXIMN

FREE 1.5% CASH BACK CREDIT CARD: Chase Freedom Unlimited ($200 BONUS, NO ANNUAL FEE): https://bit.ly/2XVH3nm

5%+ CASH BACK CARD, Discover It Credit Card: https://bit.ly/2kgiYXj

AFFILIATE DISCLOSURE: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and sign up. However, this does not impact my opinions and comparisons.

#BestCheckingAccount #BestBankAccount #BestSavingsAccount