Note: TIAA has acquired EverBank, rebranding the bank as TIAA Bank. The acquisition completed on June 12, 2018.

The Yield accounts at TIAA Bank do not charge monthly maintenance fees. There is no amount required to keep in the accounts to avoid fees. You will earn interest on any amount you have deposited in the account.

TIAA Bank guarantees that their account offerings will earn the top five percent interest in the nation. This makes them a competitive bank in the field of high-interest rates.

Business accounts are available through TIAA Bank. Your business can earn the high interest rates you earn with personal banking. There are checking accounts for small businesses and non profits. Interest earning and basic business checking accounts are available. Money market accounts, CDs, and credit cards are also available for your business.

The Yield Checking account offers a one-year spotlight APY. The rate for one year is much higher than the regular interest rates. This rate is only for new customers. Earn interest on any amount above $5,000, but less than $250,000.

After the one-year spotlight APY, the rate drops. The account still earns interest, but lower than the first year. The interest you earn after the first year depends on the amount you have in the account. The rates drop by almost one whole percentage point for balances under $10,000.

The high interest earning accounts have a high required opening balance. You must have $5,000 to open the Yield Pledge Checking, Yield Pledge Money Market, and Yield Pledge CD accounts. Once you open one of these accounts, you will earn the top five percent of yields on your money. TIAA Bank ensures the top interest rates on these accounts.

To open the TIAA Bank accounts with the high interest rates you must have $5,000. TIAA Bank does offer a basic checking and savings account. These accounts only require $25 to open. There is no monthly fee as long as you keep $25 in the account. The basic CDs only required $1,000 to open. These basic accounts get lower interest rates, but still competitive.

TIAA Bank does reimburse fees charged at ATMs, but only if your account balance is over $5,000. TIAA Bank does not charge fees for using their ATMs. The fees are only for other bank ATMs.

Read the full TIAA Bank review.

Accounts at CommunityWide FCU offer competitive interest rates. The rates are competitive with other online accounts. CommunityWide rates are much higher than typical bank rates. Their rates are not tiered. Any balance above the required amount earns competitive interest rates.

CommunityWide accounts have low opening required amounts. The savings accounts require $5 to open. The checking account requires $15 to open. The CD terms each require $1,000 to open. The CommunityWide FCU checking and savings accounts do not have a monthly fee. If you only open a savings account and the account does not have any activity, there is a $5 dormant account fee. That fee applies for each month with no activity.

CommunityWide offers a wide variety of savings accounts. The accounts offered include:

• Personal savings account
• High-yield savings account
• Funds savings account
• CD terms from six months to five years
• IRA accounts

A Funds savings account is available through CommunityWide FCU. This account acts as a savings account but earns a higher interest rate. Members can only withdraw money deposited in the account at specific times. You can choose whether to withdraw the money monthly or quarterly. Money can be deposited into the Funds savings account anytime.

Before you can open an account with CommunityWide, you must become a member of the credit union. To be eligible to join, you must have worked for a certain company or be a spouse of someone who has. Members of certain organizations are eligible. Immediate family members of CommunityWide members qualify to open an account. Once you qualify, you must show a valid government-issued ID and your Social Security Number.

CommunityWide Federal Credit Union does not offer ATM fee reimbursements. They offer over 30,000 ATMs free for members to use. If you make a transaction with another ATM, not in their network, you may be charged a fee. CommunityWide will not reimburse you for those fees.

CommunityWide FCU offers many accounts, but only one checking account. The checking account earns interest for balances over $1 and requires $15 to open. It is the only checking account available through CommunityWide FCU.

The early withdrawal fee for CommunityWide FCU CDs can be higher than other CD fees. CommunityWide FCU uses a specific formula to determine the penalty. First, they take the withdrawn amount times the remaining days at twice the current APR. They then divide the amount by 365. There is not a set penalty based on term length.

Read the full CommunityWide FCU review.