I've had a bank account with Current for a couple of months now and I hate to say it, but I think there's a few things to improve to make it a contender for the best bank in 2023.
Here's what I like about Current:
- Really easy to use mobile app.
- Earn points / cash back rewards from 1% to 15% at local businesses.
- Earn 4.00% interest on savings pods.
- Ability to deposit cash at Rite Aid pharmacies.
- Referral bonus of $50 when you sign up with a friend's link and set up direct deposit. You can sign up with my link if you don't have a friend who can send you theirs.
Cons:
- Savings pod restrictions: You can only earn 4.00% have 3 pods with a maximum balance per pod of $2,000. Also, you only earn 4.00% if you have direct deposit set up, without direct deposit, you'll only earn 0.25% interest on your pod balances.
- No interest on checking account balance.
- No Zelle connection to easily send and receive payments.
- Cash deposit fee of $3.50 when depositing cash at Rite Aid.
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