Radius Bank’s Rewards Checking option takes the No.1 spot on our list. Only $100 is needed to open this online account and best of all, there are no monthly service fees to worry about.
Added perks include early direct deposit, cash back that you can earn for making everyday purchases and the chance to earn interest. Balances of at least $2,500 earn 1 percent APY. Super savers who can maintain a $100,000 balance can earn 1.20 percent APY. Customers will also get a free order of checks, which is a plus if you’re a fan of the old-school method of paying bills and mailing your rent.
Radius Bank has been around since 1987 when it was founded initially as the First Trade Union Savings Bank. It’s based in Boston.