THE BEST BANK ACCOUNT TO OPEN IN 2021

hey guys how you doing welcome back to my channel this week we're going to talk about the five best bank accounts to open up for 2021. before we dive in please make sure you hit the subscribe button down below hit the like button and leave a comment with your favorite bank account and why all right guys so let's dive in the first thing because it's going to be the only one that's the brick and mortar bank out of the five on the list and that's going to be capital one to start off with all their accounts are free fees there's no minimums to open any accounts at the time of recording or offering a 0.4 annual interest rate on all their savings accounts they also have some of the best credit cards on the market whether it be for your first credit card everyday cash back where they offer 1.5 percent back on all purchases or a great travel credit card where you get up to 60 000 bonus points if you spend three thousand dollars in the first three months lastly they have one of the best user friendly apps out on the market at the moment and they have 20 000 locations nationwide with atms all right moving on to the fourth pick on the list is going to be ally allie's been around for a very long time and they offer a lot of competitive products accounts of no fees or minimals to open an account they currently have a 0.5 interest rate on all their accounts they also have a cool saving tool called buckets which helps you automatically save certain amounts towards predetermined things that you have in place such as home improvement vet bills buying a car or whatever you said it to be they also have a lot of investment tools such as their own trading platform where you can self direct trades or they can manage your portfolio for you and a bunch of cds that they offer but at the time of recording cds are paying pretty much the same amount as a savings account so you're better off just putting that money in the savings account onto number three now we're going to go to a bank that most of you guys have probably already seen which is discover they have one of the only accounts that i know of at the moment that offers one percent back on a check-ins account of three thousand dollars in purchases each month they also have no fees period so no monthly fees on any accounts no overdraft fees and no minimal balances on any accounts you open with them and like previously with capital one they also have 60 000 atms nationwide all across america with their online savings account they offer 0.5 percent interest rate they also have a bunch of different kind of cds that you guys should look into and one of the unique features of this cover is they offer a retirement account which is different from all the other banks on this list we're going to have here today lastly they have one of the best beginner credit cards out on the market to discover a secured credit card which is great if you're just starting out building your credit you get two percent cash back on all your purchases and a refundable deposit which is kind of rare for the number two bank on our list is going to be one you guys have probably seen online through their massive online marketing strategy and that would be chime like all the other accounts we talked about today chime also has no fees and no minimums to open an account with them one of the more notable features is the fee free overdraft protection up to a hundred dollars will spot you whether you ever drop on the charge or atm withdrawal another nice benefit they have is get paid early where with your direct deposit set up you can get paid two days earlier than you would regularly and as said before there's no hidden fees at all and they have 38 000 fee free money pass or visa plus alliance atms throughout the states they also offer a very competitive savings account that offers a half a percent interest on all your money in there with no fees as always they also have an awesome roundup feature that rounds up all your purchases and here is a dollar and takes a difference and puts it right into the savings account for you and to finish off with chime they have a very competitive starter credit card for anyone that has no credit or very bad credit they have no credit checks no minimum security deposit to require and there's no annual fees or interest basically this card is secured with your checking account so that's how it acts as a secured credit card again this is great for someone that has no credit or just very bad credit to start with all right guys the moment you all been waiting for the number one bang for 2021 is gonna be sofi all right so here we go so far the reason they're number one on my list here they really are the platform for finance online that's all under one roof they have everything from home mortgages to student loans personal loans you can get a car loan with them um of course you have your standard checking account savings account they have a great investment platform where you can even buy cryptocurrencies such as bitcoin ethereum also what separates sofi from everyone else on the list here is they have partnered with different companies to offer insurance from life insurance auto home and renters so they're really covering everything you might need financially wise all in one app the app can get a little crowded with advertisements and just because they offer so many products but really everything is there on one application for you thanks for staying all the way to the end if you guys liked the video please hit the subscribe button down below smash the like button and leave a comment uh it really helps the channel out and see you guys next week

Channel: Sommer Show

Views: 2,392

Rating: 4.7333331 out of 5

Keywords: top 5 bank accounts of 2021, best bank in 2021, sofi review, discover bank review, ally bank review, best bank accounts, best checking account, best savings account, best savings account 2021, best checking account 2021, best high yield savings account 2021, best savings account in 2021, best savings account for emergency fund, best high yield checking accounts, credit cards for beginners 2021, best savings accounts 2021, best bank account uk 2021, best bank 2021

Id: ZsOqL2gZG6g

Length: 5min 19sec (319 seconds)

Published: Mon Jan 11 2021