Are you a college student looking to start saving money in 2024 but unsure of where to start? Well, you're in luck! In this article, we will be comparing some of the best student savings accounts available to help you make an informed decision.
One great option to consider is the BMO Alto Online Savings Account. This account offers unlimited transfers and withdrawals, a competitive yield, and no monthly fees. Additionally, you can earn 1% cash back on up to $3,000 per month in debit card transactions and 2.5 American AAdvantage Miles per $1 saved. With no minimum deposit required to open an account and the ability to earn American Airlines miles, this account is definitely worth considering.
Another excellent choice is the Barclays Online Savings account, known for its no-fee structure. With no monthly fees and no minimum deposit required, this account is perfect for students on a budget. The APY of 4.35% is competitive compared to other traditional banks.
If outstanding customer service is a top priority for you, then the Discover® Online Savings Account is a great option. Discover Bank is known for its exceptional customer service, and this account offers no monthly fees, no minimum deposits, and a respectable 4.25% APY.
For those interested in earning airline miles, the Bask Bank Mileage Savings Account is worth considering. With this account, you can earn 2.5 American Airlines AAdvantage miles for every $1 saved annually. There is no minimum deposit required, no monthly fees, and an additional Interest Savings Account with a 5.10% APY.
In conclusion, choosing the right student savings account is essential to establish healthy financial habits early on. Consider factors such as monthly fees, APY, access to funds, and account features before making your decision. With plenty of options available, you're sure to find the perfect account to suit your needs in 2024. Happy saving!