The Radius Hybrid checking account offers competitive interest rates. You earn the competitive interest rate on any balance over $2,500. The savings account offers competitive interest rates as well. You earn higher interest rates on balances over $25,000. The interest rate under $25,000 is still competitive, just a slightly lower rate.

Radius Bank offers a variety of business accounts. Four different checking accounts are available. The accounts vary in benefits. This allows you to find the best fit for your business. A money market account and CDs are available for businesses also.

Most Radius accounts do not have monthly fees. The only account that has a monthly fee is the Essential checking account. That fee is $9 a month. After you make the opening required deposit, there is no required amount to keep in Radius Bank accounts.

The Radius savings account and two checking accounts only require $100 to open. The basic checking account only requires $10 to open. There are three CDs you can open online, the one-year, 18-month, and the three-year. Each of those CDs only require $500 to open. Open different CD term lengths at branch locations. Those CDs require either $500 or $1,000 depending on the term.

At this time, only a few Radius accounts are available to open online. Three Radius checking accounts can be opened online. The Radius High-Yield savings account and CDs can also be opened online. To open a business account, visit their financial center in Boston, Massachusetts.

Only three Radius Bank CD terms are available to open online. The CDs include a 12-month, 18-month, and three-year CD. Each CD only requires $500 to open. The interest rate on the CDs are competitive with other online-only accounts.

Only one savings account is available through Radius Bank. They do not offer a money market account. There is no monthly fee for the savings account. The opening amount required is $100. You can request an ATM card for this savings account. Federal regulations only allow six transactions per statement cycle.

To earn the highest interest rates for the Radius savings account, you must have $25,000 in the account. Any amount over $10 earns interest. Those rates are low; similar to typical bank rates. Having $2,500 in the account will earn much higher rates. Rates for balances over $2,500 are good but still less than the interest you earn if you have over $25,000. To earn interest on your Radius checking account balance, you must have $2,500 in the account. Any amount less does not earn interest.

Read the full Radius Bank review.

The required amounts to open Comenity Direct accounts are low. The Comenity Direct savings account requires $100 to open. Each of the CDs offered through Comenity Direct require $1,500 to open.

The interest rates for Comenity Direct accounts are competitive. Their rates are much higher than typical bank rates. They are competitive with other online accounts. To earn interest on CDs, you must keep $1,500 in the CD. The high-yield savings account only requires $1.00 to earn interest.

Comenity Direct accounts do not have monthly maintenance fees. There are not set account balances required to avoid the monthly fees. Their accounts are free. The CDs have a fee if you withdraw the money before the maturity date, but no monthly fee.

All Comenity Direct accounts can be opened online. You do not need to visit a branch location or mail in part of the application. The entire account opening process is online. You must be at least 18 years old and have a social security number. You must be a resident of the United States with an address. You cannot open an account with a P.O. Box.

Comenity Direct offers limited accounts. They offer a high-yield savings account and CDs. The CD terms range from one to five-years. There are no CD terms shorter than one year. Comenity Direct does not offer checking or money market accounts.

Comenity Direct accounts require a linked external account. You can link an account with your current bank. Once you link the two accounts, you can transfer money electronically. You can also have money directly deposited into your Comenity Direct account.

The Comenity Direct high-yield savings account does not offer checks or debit cards. Federal law allows for six withdrawals each billing statement from a savings account. Make withdrawals through electronic transfers into the linked external bank account.

Comenity Direct offers CD terms from one to five-years. The early withdrawal fees for these CDs are high compared to other online CDs. For terms from 12-months to three-years, the fee is 180 days of interest. For terms four-years or longer, the fee is 365 days of interest.

Read the full Comenity Direct review.