Best Bank Account Setup to Earn Interest on All Your Cash

#177: Chris shares the best accounts to replace your checking account and maximize interest earning. He evaluates must-have banking features, compares 10+ bank accounts, assesses the pros and cons of switching accounts, offers automation tips to elevate your banking experience and so much more. 

Partner Deals

HubSpot: All-in-one customer platform to get more out of your business

Superhuman: Free month of the fastest and best email with code ALLTHEHACKS

Mint Mobile: $15/mo for unlimited wireless on the nation's largest 5G network

Notion: Try Notion AI free to automate tedious tasks and streamline your work

Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth

For all the deals, discounts and promo codes from our partners, go to: chrishutchins.com/deals

Resources Mentioned

ATH Podcast

• Membership
• Bank Bonuses
• Episode #62: Protect Your Family, Mitigate Taxes and Preserve Your Wealth

All-in-One High Yield Accounts:

• Fidelity Cash Management (SPAXX coming June 15)
• Wealthfront Cash Account (Get 5.5%)
• U.S. Bank Elite Money Market
• TransferWise (For international transactions)

High Yield Savings + Checking w/ Overdraft:

• Mercury: Enter giveaway to skip the waitlist for Mercury Personal
• SoFi
• Capital One
• Discover
• CIT Bank
• Ally Bank
• Robinhood: Spending | Investing
• Schwab Checking Account

Recurring Transfers: Zelle App

Personal Finance Tracker: Copilot (Get 2 months free with code HACKS2)

Wealthfront:

• Automated Bond Ladder + Calculator
• Automated Savings Plan

Full Show Notes

(00:00) Introduction

(03:29) Must-Have Features in a Primary Bank Account

(09:23) Tiebreakers to Consider for a Bank Account

(14:43) High-Yield Savings Accounts

(17:41) Regular Checking Accounts

(21:43) The Most Optimal Way to Use a Bank Account

(24:54) Comparison of Banks with Main Features You Need

(28:50) Robinhood's Investing & Spending Accounts

(30:52) The Difference Between Bank Accounts and Investment Accounts

(33:25) The Schwab Checking Account

(38:39) Unique Features of Mercury

(44:33) The Wealthfront Individual Cash Account

(46:15) U.S. Bank's Elite Money Market Account

(47:17) Fidelity Cash Management Account

(53:24) Chris' Top 3 Bank Account Recommendations

(56:42) Is It Worth Switching Bank Accounts?

(58:45) Simple Steps to Automate Your Financial Life

Connect with Chris

Newsletter | Membership | Twitter | Instagram | LinkedIn

Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.