Get a $750 Welcome Deposit for eligible new customers who open an 
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- Bank5 Connect Checking And Savings
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Bank5 Connect is an online-only bank, and I’ll review their Checking and Savings accounts here, along with any current promotions and bonus opportunities.
Just like other online bank competitors, Bank5 Connect has lower overhead costs compared to traditional brick-and-mortar banks, and that results in better rates and fewer fees for the customer.
Bank5 Connect offers Checking, Savings and CD (Certificates of Deposit) account options. You can do just about everything online, including making deposits and transferring funds.
Bank5 Connect High Interest Checking
The Bank5 Connect High Interest Checking is on top of many “Best Online Checking Account” lists, so let’s see why.
CURRENT RATE FOR BALANCES OVER $100: 0.76% APY
It may not seem like much, but traditional Checking accounts are offering rates like 0.1% APY!
It features most of what you’d expect from traditional Checking accounts:
- Make deposits
- Write checks
- Debit card
- Online bill pay
On top of that, you’re going to get many of the perks you’ll only find with online banking:
- No monthly maintenance fee
- Free online banking/billpay/eStatements
- Free mobile banking
- UChoose Debit Rewards program
- Free first order of basic checks
- Free ATMs anywhere, anytime!
- Bank5 Connect will never charge you for using an ATM and will reimburse other banks’ surcharges up to $15 per statement cycle.
And here’s how the Bank5 Connect High Interest Checking account competes with other online Checking accounts:
- Earns a great interest rate for a Checking account
- Minimum balance to open is only $10
- Minimum balance to earn interest is only $100
| Bank5 Connect Checking Account Fees | |
| First order of checks | Free |
| Cashiers check | Free |
| Overdraft Transfer | Free |
| Incoming Wire | Free |
| Returned Deposited Item | $5.71 |
| Overdraft | $15.00 |
| Uncollected Funds | $15.00 |
| Stop Payment | $15.00 |
| Garnishments | $25.00 |
| Levies | $25.00 |
BBVA Compass, Simple Bank, Capital One 360 and Charles Schwab all have popular online Checking accounts with no fees. Also take a look at Checking Account bonus offers as well. See all the best free Checking accounts here.
MoneysMyLife Top Offer Picks  With 16,000 ATMs and 5,100 branches throughout the United States, Chase Bank is second only to Wells Fargo with regards to the total number of branches. This makes the bonus offers from Chase extremely popular, and they always have several promotions to choose from. Full Review.
 Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Member FDIC. Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review  Barclays has two great card offers that should interest many who are looking for a solid travel rewards credit card.The Barclaycard Arrival® Plus World Elite Mastercard® has a 60,000 miles sign-up bonus worth $630 in travel. You'll be able to earn unlimited 2X miles on every purchase and there are no foreign transaction fees to worry about. See Terms. Full ReviewThe Barclays Arrival® Premier World Elite Mastercard® will earn you 75,000 miles each year (worth $750) if you spend $25,000 on purchases during the year. This credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms. Full Review |
CIT Bank is offering a 1.85% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. 
Ally Invest is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. 
Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Bank5 Connect High-Interest Savings Account
You can also choose to link the Bank5 Connect Savings account to the Checking account for overdraft protection. Plus, you’ll earn a bit more interest on the funds that you set aside here.
- Current rate for balances over $100: 2.05% APY
- The minimum balance to open a Bank5 Connect Savings account is $10.
- The minimum balance to earn interest is $100.
CIT Bank has great rates on their online Money Market and Savings accounts you should definitely compare to. HSBC has one of the best online Savings options from a big bank. Visit this Savings and Money Market Rates page for a thorough comparison. Be sure to take a look at some Savings account bonuses also, including a top Savings offer from Chase. See more below:
- HSBC Bank $350 & $750 Checking Account Bonuses
- CIT Bank Promotions: Online Money Market Account 1.85% APY Offer
- Chase Coupon Promo Codes: $200, $300, $350, $500 – July 2018
- Synchrony Bank Online Savings, CD, Money Market Promotions
- Popular Direct Online Savings And CD Account Promotions
- Marcus By Goldman Sachs Online Savings & CD Offers, Promotions
- Salem Five Bank Checking, Savings, CD Promotions
- Ally Bank Online Checking, Savings, CD, Investing Promotions
- Barclays Bank Promotions: Savings And CD Account Offers, Bonuses
- DollarSavingsDirect Online Savings & CD Account Promotions, Offers
Bank5 Connect High Yield CDs
Bank5 actually has some of the best CD rates in the market. Here are some of the benefits:
- Only a $500 minimum deposit
- There are no monthly maintenance fees associated with Bank5 CDs
- Connect CDs have terms of 6, 12, 18, and 36 months
- Investment CD has a term of 24 months
- All Bank5 Connect CDs are FDIC Insured for up to $250,000
- Once the CD matures, you have the opportunity to deposit additional funds and roll it over into a new term
Bank5 CD Rates
| Term | Min. Deposit | Min. Deposit To Earn APY | APY |
| 6 month CD | $500.00 | $500.00 | 1.45% |
| 12 month CD | $500.00 | $500.00 | 2.55% |
| 18 month CD | $500.00 | $500.00 | 1.75% |
| 21 month CD Special** | $500.00 | $500.00 | 2.40% |
| 24 month Investment CD | $500.00 | $500.00 | 2.70% |
| 36 month CD | $500.00 | $500.00 | 2.90% |
If you’re interested in a CD account, be sure to read my guide on the best CD rates. CIT Bank and BBVA Compass all have popular CD accounts at the moment. More below:
- Live Oak Bank Online Savings And CD Offers, Promotions
- CIT Bank Promotions: Online Money Market Account 1.85% APY Offer
- Synchrony Bank Online Savings, CD, Money Market Promotions
- Popular Direct Online Savings And CD Account Promotions
- Salem Five Bank Checking, Savings, CD Promotions
- Ally Bank Online Checking, Savings, CD, Investing Promotions
- Barclays Bank Promotions: Savings And CD Account Offers, Bonuses
- Virtual Bank Checking, Money Market, CD Promotions & Offers
- Crestmark Bank Online CD Account Promotions Available Nationwide
*These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.