The amount required to open a checking or savings account is low. People's United checking accounts only require $25 to open. The savings accounts require $50.

Two of the People's United checking accounts offer free ATM use or reimburse ATM fees. The Advantage checking account has unlimited rebates for out of state ATM fees. The Premier Advantage checking account has free ATMs, including international ATMs. These accounts require high investment balances to waive the monthly fee. The Advantage is $7,500, and the Premier is $75,000 across all investment accounts.

People's United offers a variety of CD term lengths. Their terms range from 91 days to five years. The interest rates vary depending on the term. The best interest rate on a People's United CD is the One Year Plus CD. Those interest rates are competitive with other online accounts; the other rates are not.

There are a variety of different business accounts offered through People's United. Checking, savings, and money market accounts are available. CDs, credit cards, loans, and investment opportunities are available.

People's United accounts are not offered everywhere. The branches are currently in the North Eastern states. Those include Connecticut, Maine, Massachusetts, New Hampshire, New York, and Vermont. If you do not live in one of these states, you cannot open an account with People's United Bank.

The amount required to open a money market account is $2,500. There is not a monthly maintenance fee on the money market account. You will earn interest on the money deposited into the account. The money market account offers tiered interest rates. This means the interest you earn depends on the amount you have in the account.

The interest rates of the different accounts are not competitive. They are much lower than other online-only accounts. The interest rates are similar to your typical bank rates. The Plus CDs offer slightly more competitive rates.

You have to have a checking account with People's United to open a savings or money market account. The checking account determines what savings and money market account you can open. You must open a checking account before a savings account can be opened.

Read the full People's United Bank review.

The Northfield Bank online accounts offer competitive interest rates. The rates for the online accounts are competitive with other online accounts. The online account rates are higher than other Northfield Bank account rates.

There are a variety of personal accounts offered by Northfield Bank. They offer an interest-earning checking account, one for students, and traditional checking accounts. They offer a savings account for children, CDs, and money market accounts.

Northfield offers online and mobile banking for their accounts. These services are not just for the online accounts. All Northfield Bank accounts have the option of online and mobile banking. You can see account balances, transfer money, and deposit checks. You can pay bills and pay others with PopMoney.

Along with personal deposit accounts, Northfield offers business accounts. Those accounts include a checking and money market account for businesses. Northfield also offers credit cards, lending, and cash management services for businesses. All business accounts must be opened in a branch location.

Not all Northfield Bank accounts can open online. Most Northfield accounts require you to visit a branch location to open. Their branches are in the New York and New Jersey area. The accounts you open online include one savings account and CDs. The CD terms include a nine-month, 11-month, 16-month, and 60-month.

The interest rates for Northfield accounts opened in a branch location are tiered. To earn the most competitive rates on those accounts requires large account balances. The money market account requires $15,000. The high yield money market and premier savings account requires $100,000.

Most Northfield accounts have monthly fees. The fees for accounts opened in the branches range from $3 to $25. To waive the fees requires a set account balance. Those balance range from $500 to $100,000. The online savings account has a monthly fee of $8 if your balance falls below $2,500.

The online accounts with Northfield have high opening required amounts. The online CDs require $2,500 to open. The savings account only requires $0.01 to open, but there is an $8 monthly fee if your balance falls below $2,500. Any amount over $0.01 earns interest. You must also link the Northfield account to another bank account. You fund your Northfield online account through the linked account.

Read the full Northfield Bank review.