Third Federal accounts have low opening required amounts. The high yield checking account requires $10 to open. CDs only require $500 to open. Third Federal money market account requires a high amount. That account requires $5,000 to open.

Third Federal offers a variety of accounts. Those accounts include personal deposit and business accounts. Those accounts include checking, savings, and money market accounts. The CDs range in terms from 30-days to 10-years. Lending and credit cards are also offered through Third Federal.

The Third Federal Online Savings Plus account is an entirely online account. This account requires $5,000 to open and to earn interest. There are no monthly fees and no limit on monthly transactions.

Interest rates for Third Federal accounts are competitive. They are higher than other brick and mortar bank accounts. The interest rates are competitive with other online accounts.

Third Federal accounts have tiered interest rates. The money market and savings account require a balance of $100,000 to earn the best interest rates. The checking account requires a $25,000 balance to earn the best rate. Balances under these amounts earn interest, just not the most competitive rate.

Third Federal CDs have high penalties for withdrawing money before the maturity date. CDs from one to three years require six months’ worth of interest. CD terms over four years require 18 months’ worth of earned interest.

The Third Federal checking account has a monthly fee. The fee is $7 a month. Waive that fee by keeping an average daily balance of $1,500 in the account. That average balance can come from all Third Federal accounts or just your checking account.

Not all Third Federal account can be opened online. To open a money market or checking account must be in a branch location. You can open a savings account and CDs longer than 6-month terms online.

Read the full Third Federal review.

earn.bank accounts offer competitive interest rates. The rates are competitive with other online accounts. Their interest rates are much higher than typical bank rates.

The money market account through earn.bank has a low opening required amount. To open this account only requires $100.

The earn.bank money market account does not have tiered interest rates. You do not have to have a set amount in the account to earn the most competitive interest rate.

All earn.bank accounts are entirely online. You can open their money market account or CD terms from anywhere. Because they are an online bank, the interest rates are much higher than typical bank rates. To open an account, you must have a social security number and a government issued ID. You must have the amount required to open the account. You can fund the initial amount with a credit card, or external savings or checking account.

To open a CD with earn.bank requires a large sum. Each of the CD terms require $25,000 to open. The CD terms available are a one-year and a two-year.

The money market account has a monthly maintenance fee of $10. To waive this fee requires an account balance of $10,000. This fee is not assessed for the first three months of opening the account. After that time, if you do not have a $10,000 balance, you will be charged $10 each month that the balance is below $10,000. There is also a $25 paper statement fee. Avoid this fee by signing up for electronic statements.

The easiest way to withdraw money from your MMA is to link the account to an external account. The linked account allows you to also deposit money easily into your earn.bank accounts. You can withdraw money through a wire transfer by calling customer service.

earn.bank does not offer a wide variety of accounts. They only offer one personal deposit money market account and two CD terms. The CD terms offered are a one-year and two-year term. They do not offer checking accounts, savings accounts, or business accounts.

Read the full Earn Bank review.