best joint bank accounts

6 Best Joint Bank Accounts For Couples: Saving And Checking Accounts

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Last updated on August 26, 2022 Comments: 3

Using a bank account that works for both you and your partner is one of the cornerstones of your personal finances. That’s because places like your checking and savings account are where you’ll do most of your transactions–paying for recurring expenses and receiving your paychecks.

Best Joint Bank Account For Couples At-A-Glance

  • Our top pick for “Brick and Mortar” banks: Discover
  • Our top pick for “Future” banks: Axos Bank

There are so many options to choose from, so how do you know which one is best suited for your needs? You’re in luck, because we’ve compiled a list of the best six joint bank accounts, separated by ones with brick and mortar locations and ones that are completely online. We’ll also let you know why we think they’re the best so you can make an informed decision.

The “Brick and Mortar” Banks

Discover

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Although most people think of Discover as a credit card company, it also offers online checking and savings accounts. In fact, Discover offers some of the highest interest rates online with access from ATMs, and standard savings up to 3.30%. Yes, it does have a brick and mortar location, but there’s only one–in Greenwood, Delaware. That being said, Discover is known for its attentive customer service, both online and on the phone.

CIT

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CIT Bank offers some of the highest interest rates available for its high-yield savings accounts. They often feature offers where you can earn up to 1.00% with their Savings Builder. However, you’ll need to maintain a deposit of at least $25,000 or make a $100 deposit into the account each month.

You can access your cash by logging into your account online, through the app, or via telephone banking. For daily usage, CIT’s eChecking account is “mostly fee-free” – refunding up to $30 per month in ATM fees – and pays up to 0.25% on balances (with $25,000 min. balance). Read more about CIT, on our extensive CIT Bank review.

BBVA

BBVA Joint Bank AccountsSince opening its first branch in 1946, BBVA has at least 645 branches, with an international presence in over 30 countries worldwide. Their strong suits are their money market accounts that offer some of the highest APYs around. It also offers check writing capabilities.

One of the downsides is that you need to keep a minimum of $10,000 in your account or have a $25 monthly recurring deposit from a BBVA checking account. Otherwise, there is a $15 monthly charge. Their CD accounts aren’t bad either, offering higher yields compared to larger banks.

BBVA’s online checking account doesn’t charge fees and you can access ATMS for free through their partner networks. However, you don’t earn interest–there are other checking accounts but those might incur a fee. If you’re looking for a brick and mortar bank that has a lot of branches, then BBVA could be the one for you. Before opening an account, check to make sure there are branches near you, as BBVA locations are mostly concentrated in only seven states.

Steal of the day: Chime’s Savings Account now offers a 1.00% APY! With this FREE banking service you dont need to worry about minimum balance requirements or maximums on interest earned

The “Banks of the Future”

Axos Bank

Axos Bank was formerly called Bank of Internet USA. It does away with many of the fees you normally find at traditional banks such as monthly and ATM fees. Both their checking and savings accounts offer an attractive interest rate:

  • Saving account rates: up to 0.61%
  • Checking account rates: up to 1.25%

Though to earn the highest rate with the checking account you need at least $1,500 or more on deposit.

Another perk is that you can deposit cash with Axos. Simply use the third-party service Green Dot and head to retailers such as CVS Pharmacy to do so. However, it’ll cost you $4.95 each time you make a deposit.

Your account grants you a free debit card and free ATM withdrawals — you’ll also get reimbursed for any fees the ATM bank charges. Customer service is much like what you’d expect with online banks where you can talk to customer service via online chat, a 24/7 phone hotline and secure online messaging. Read more about Axos Bank, on our extensive Axos Bank review.

Radius Bank

Also another online-based bank, founded in 1987, Radius Bank one has their full-service customer service department in Boston, Massachusetts. It operates mostly as a virtual bank and has an app and access to your account online.

What’s so appealing about Radius bank is that they don’t charge any monthly maintenance fees or require a minimum balance amount. Plus, you can be reimbursed for ATM fees and many of their accounts offer cash back perks if you use your debit card for signature based transactions.

Although you do need a minimum of $100 to open a checking or savings account (many other online banks don’t), it’s not a huge amount that many would consider a deal breaker. Besides, with the competitive rates you’ll receive in addition to all the other perks, it’s worth looking at Radius Bank.  Read more about Radius Bank, on our extensive Radius Bank review.

Ally Bank

Ally is one of the most well known online financial institutions. Furthermore, it’s a top choice among individuals seeking an online joint bank account that’s packed with high-level features.

Since 1919, Ally Financial has been a leading provider of a variety of financial products and services, including joint bank accounts.

Currently, the company has 2.2 million deposit customers with $135 billion in total deposits. That’s in addition to 400,000 customer brokerage accounts that total $11.1 billion in assets.

There’s a lot to like about Ally’s bank accounts, with features including but not limited to:

  • Checking, savings, and money market accounts
  • Earn interest on all three types of accounts (yes, that includes checking)
  • Mobile deposit
  • Save money when you spend with “Round Ups”
  • $0 minimum opening deposit
  • No monthly maintenance fees
  • Access to 43,000+ no-fee Allpoint ATMs

On the downside, you can’t make cash deposits into your account and there are transaction limits for savings accounts.

If you’re seeking a joint bank account that has all the features you need—plus some—Ally is an online bank worth your consideration. Read more about Ally Bank in our expert review.

Article comments

3 comments
Bill Ikos says:

This is an article about joint accounts…yet Chime doesn’t over joint accounts. Maybe do your research and post relevant information next time?

J Gonzales says:

For Real…..

Owen m says:

Agreed! Wtf