M1 Finance was founded in 2015 and is based in Chicago, IL.

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{{>oob_notice}}
{{>product_basic_intro}}
<h2 class="content-title">Key Takeaways</h2>
{{>takeaways_aggregate_savings_accounts}}
<h2 class="content-title">{{>seo_keyword}} Pros & Cons</h2>
{{>proscons_aggregate_savings_accounts}}
<h2 class="content-title">{{>seo_keyword}} FAQ</h2>
{{>product_deposits_insured}}

<h2>Does {{parent_business_name}} offer a signup bonus?</h2>
{{#if features.signup_bonus.feature_value}}
    <p>{{>seo_keyword}} has a bonus of {{currency features.signup_bonus.feature_value}}{{#if features.signup_deposit_requirement.feature_value}} with a {{currency features.signup_deposit_requirement.feature_value}} deposit.{{else}}.{{/if}}</p>
{{else}}
    {{#if features.bonus_offer.feature_value}}<p>Yes, {{>seo_keyword}} offers a signup bonus. <p>{{{features.bonus_offer.feature_value}}}</p>
    {{else}}
    <p>{{>seo_keyword}} doesn't offer a signup bonus.</p>
    {{/if}}
{{/if}}

<h2>What is the minimum initial deposit for {{>seo_keyword}}?</h2>
{{#if features.minimum_initial_deposit.feature_value}}
	{{#ifCond features.minimum_initial_deposit.feature_value '>' 0}}
    The minimum deposit to open a {{>seo_keyword}} is {{currency features.minimum_initial_deposit.feature_value}}.
	{{else}}
    There is no minimum deposit to open a {{>seo_keyword}}. 
    {{/ifCond}}
{{/if}}
{{>category_table feature_category="account-minimums"}}

<h2>What APY{{#if features.apy.custom_disclaimer_data.value}}*{{/if}} does {{business_name}} offer?</h2>
{{#if features.apy.feature_value}}
	{{#ifCond features.apy.feature_value '==' features.apy.feature_value2}}
		{{#ifCond features.apy.feature_value '==' 0}}
			<p>{{>seo_keyword}} is not an interest-bearing account. In other words, it doesn't pay an interest on your savings.</p>
		{{else}}
			<p>{{>seo_keyword}} offers an APY of {{features.apy.feature_value}}% (APY stands for annual percentage yield, rates may change).
				{{#ifCond features.apy.feature_value '>' 1}} This is much higher than the average savings account rate.{{/ifCond}}</p>
				The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. 
		{{/ifCond}}
	{{else}}
		<p>{{>seo_keyword}} offers a variable APY{{#if features.apy.custom_disclaimer_data.value}}*{{/if}} {{#ifCond features.apy.feature_value '>' 0}}starting at {{features.apy.feature_value}}% {{/ifCond}}{{#ifCond features.apy.feature_value2 '>' 0}}and ranging up to {{features.apy.feature_value2}}%{{/ifCond}} (APY stands for annual percentage yield, rates may change). {{#ifCond features.apy.feature_value '>' 1}} This is much higher than the national average rate for savings accounts.{{/ifCond}}</p>
	{{/ifCond}}
{{else}}
	{{#if features.apy.feature_value2}}
		<p>{{>seo_keyword}} offers an APY {{#ifCond features.apy.feature_value2 '>' 0}} up to {{features.apy.feature_value2}}%{{/ifCond}} (APY stands for annual percentage yield, rates may change). {{#ifCond features.apy.feature_value2 '>' 1}} This is higher than the national average rate for savings accounts.{{/ifCond}}</p>
	{{else}}
		<p>{{>seo_keyword}} is not an interest-bearing account.</p>
	{{/if}}
{{/if}}
{{#if features.apy.custom_disclaimer_data.value}}<p><em>{{{features.apy.custom_disclaimer_data.value}}}</em></p>{{/if}}
		
<h2>What fees does {{>seo_keyword}} charge?</h2>
{{#ifCond features.monthly_fee.value '==' 0}}<p>{{>seo_keyword}} does not charge a monthly service fee. See the <a href="#fees">fee breakdown</a> section below to view all fees.</p>{{/ifCond}}

<p>{{#ifCond features.monthly_fee.value '>' 0}}This account charges a monthly service fee of {{currency features.monthly_fee.feature_value}}. {{/ifCond}}{{#ifCond features.minimum_balance.value '>' 0}}However, you can waive the monthly fees if you have a minimum daily balance of {{currency features.minimum_balance.feature_value}}. {{/ifCond}}{{#ifCond features.min_direct_deposit_for_monthly_fee_waiver.value '>' 0}}Avoid the monthly fees by setting up a direct deposit of at least {{currency features.min_direct_deposit_for_monthly_fee_waiver.feature_value}}.{{/ifCond}}{{#ifCond features.minimum_combined_balance_to_avoid_maintenance_fee.value '>' 0}}You can also waive the fee by keeping a combined balance of {{currency features.minimum_combined_balance_to_avoid_maintenance_fee.value}}.{{/ifCond}}</p>

<ul>
	{{#if features.bank_teller_fee.feature_value}}
		{{#ifCond features.bank_teller_fee.value '>' 0}}
			<li>A bank-teller fee of {{currency features.bank_teller_fee.feature_value}}. Think twice before visiting a branch of this bank. This fee is triggered when you use a human teller instead of processing a transaction online or on an ATM.</li>
		{{/ifCond}}
	{{/if}}
	{{#if features.bank_transfer__national_.feature_value}}
		{{#ifCond features.bank_transfer__national_.feature_value '>' 0}}
			<li>Outgoing domestic bank transfers come with a ${{features.bank_transfer__national_.feature_value}} fee.</li>
		{{/ifCond}}
	{{/if}}
	{{#if features.national_bank_transfer__incoming_.feature_value}}
		{{#ifCond features.national_bank_transfer__incoming_.feature_value '>' 0}}
			<li>Incoming domestic bank transfers come with a ${{features.national_bank_transfer__incoming_.feature_value}} fee.</li>
		{{/ifCond}}
	{{/if}}
	{{#if features.bank_transfer__international_.feature_value}}
		{{#ifCond features.bank_transfer__international_.feature_value '>' 0}}
			<li>Outgoing international bank transfers come with a ${{features.bank_transfer__international_.feature_value}} fee. You can save a ton of money in fees if you use use a nonbank <a href="/reviews/money-transfer-services">money transfer service</a>.</li>
		{{/ifCond}}
	{{/if}}
	{{#if features.international_transaction_fee__incoming_.feature_value}}
		{{#ifCond features.international_transaction_fee__incoming_.feature_value '>' 0}}
			<li>Incoming international bank transfers come with a ${{features.international_transaction_fee__incoming_.feature_value}} fee.</li>
		{{/ifCond}}
	{{/if}}
   
	{{#if features.check_cashing_fee.feature_value}}
		{{#ifCond features.check_cashing_fee.value '>' 0}}
			<li>Cashing a check will trigger a {{currency features.check_cashing_fee.feature_value}} fee.</li>
		{{/ifCond}}
	{{/if}}
   
	{{#if features.check_copy.feature_value}}
		{{#ifCond features.check_copy.value '>' 0}}
			<li>Requesting a copy of a check will cost you {{currency features.check_copy.feature_value}}.</li>
		{{/ifCond}}
	{{/if}}
	{{#if features.check_image_service.feature_value}}
		{{#ifCond features.check_image_service.value '>' 0}}
			<li>If you want to receive a scanned image of a check, you will need to pay a {{currency features.check_image_service.feature_value}} fee.</li>
		{{/ifCond}}
	{{/if}}
   
	{{#if features.early_account_closure.feature_value}}
		{{#ifCond features.early_account_closure.value '>' 0}}
			<li>{{>seo_keyword}} charges a {{currency features.early_account_closure.feature_value}} fee for an early account closure. Contact {{>seo_keyword}} for more details on what is considered an early closure.</li>
		{{/ifCond}}
	{{/if}}
	{{#if features.foreign_transaction_fee.feature_value}}
		{{#ifCond features.foreign_transaction_fee.value '>' 0}}
			<li>Purchases with your debit card in a foreign currency get hit with a {{currency features.foreign_transaction_fee.feature_value}}.</li>
		{{/ifCond}}
	{{/if}}
   
	{{#if features.in-network_atm_fee.feature_value}}
		{{#ifCond features.in-network_atm_fee.value '>' 0}}
			<li>A withdrawal from an in-network ATM has a {{currency features.in-network_atm_fee.feature_value}} fee.</li>
		{{/ifCond}}
	{{/if}}
	{{#if features.out-of-network_atm_fee.feature_value}}
		{{#ifCond features.out-of-network_atm_fee.value '>' 0}}
			<li>If you withdraw cash from an out-of-network ATM you will be charged a {{currency features.out-of-network_atm_fee.feature_value}} fee.</li>
		{{/ifCond}}
	{{/if}}
	{{#if features.lost_debit_card_fee.feature_value}}
		{{#ifCond features.lost_debit_card_fee.value '>' 0}}
			<li>If you lose your debit card, get ready to pay a {{currency features.lost_debit_card_fee.feature_value}} charge.</li>
		{{/ifCond}}
	{{/if}}
	{{#if features.minimum_balance_fee.feature_value}}
		{{#ifCond features.minimum_balance_fee.value '>' 0}}
			<li>If your balance drops below the minimum, you will have to pay a charge of {{currency features.minimum_balance_fee.feature_value}}.</li>
		{{/ifCond}}
	{{/if}}
	{{#if features.nsf_fee.feature_value}}
		{{#ifCond features.nsf_fee.feature_value '>' 0}}
			<li>Keep an eye on your balance when making payments. There is a {{currency features.nsf_fee.feature_value}} non-sufficient funds fee. Don't confuse a nonsufficient funds (NSF) fee and an overdraft fee. The NSF is charged when your account is overdrawn and you did not opt for overdraft protection on your account.</li>
		{{/ifCond}}
	{{/if}}
	{{#if features.online_bill_pay.feature_value}}
		{{#ifCond features.online_bill_pay.feature_value '>' 0}}
			<li>{{>seo_keyword}} offers online Bill Pay but there is a {{currency features.online_bill_pay.feature_value}} charge.</li>
		{{/ifCond}}
	{{/if}}
	{{#if features.overdraft_item_fee.feature_value}}
		{{#ifCond features.overdraft_item_fee.feature_value '>' 0}}
			<li>An overdraft on your account will trigger a {{currency features.overdraft_item_fee.feature_value}} fee per item.</li>
		{{/ifCond}}
	{{/if}}
	{{#if features.overdraft_protection_fee__per_transfer_.feature_value}}
		{{#ifCond features.overdraft_protection_fee__per_transfer_.feature_value '>' 0}}
			<li>If you purchase overdraft protection, you will need to pay {{currency features.overdraft_protection_fee__per_transfer_.feature_value}} for every transfer required.</li>
		{{/ifCond}}
	{{/if}}
	{{#if features.paper_statement_fee.feature_value}}
		{{#ifCond features.paper_statement_fee.feature_value '>' 0}}
			<li>{{>seo_keyword}} charges {{currency features.paper_statement_fee.feature_value}} every time you request a paper statement.</li>
		{{/ifCond}}
	{{/if}}
	{{#if features.stop_payment_fee.feature_value}}
		{{#ifCond features.stop_payment_fee.feature_value '>' 0}}
			<li>Stop payment orders cost {{currency features.stop_payment_fee.feature_value}} a pop.</li>
		{{/ifCond}}
	{{/if}}
</ul>
{{#if features.overdraft_item_fee.feature_value}}
	<h3>Does {{>seo_keyword}} charge overdraft fees?</h3>
	{{#ifCond features.overdraft_item_fee.feature_value '>' 0}}Yes, {{>seo_keyword}} charges a {{currency features.overdraft_item_fee.feature_value}} overdraft fee.{{else}}No, {{>seo_keyword}} does not charge overdraft fees.{{/ifCond}}
	{{#ifCond features.overdraft_protection_fee.feature_value '>' 0}}<p>{{>seo_keyword}} offers overdraft protection at a cost of {{currency features.overdraft_protection_fee.feature_value}} per transaction. This overdraft protection fee is charged every time the bank arranges a transfer from another one of your accounts, typically a savings account, to cover the overdraft.{{/ifCond}}
{{/if}}

{{#if features.account_features.feature_value}}
<h2>What features and perks does {{>seo_keyword}} offer?</h2>
<p>This account includes the following features:</p>
<ul>
  {{#if features.account_features.feature_options.[Automatic Savings]}}
    <li><strong>Automatic transfers</strong> - Set up automatic transfers and you'll never forget to deposit your monthly savings again.</li>
  {{/if}}
  {{#ifCond features.signup_bonus.feature_value '>' 0}}
    <li><strong>Bonus offer -</strong> Open an account and you may receive a signup bonus of up to ${{features.signup_bonus.feature_value}}{{#if features.signup_deposit_requirement.feature_value}} if you deposit a minimum of {{currency features.signup_deposit_requirement.feature_value}}.{{else}}. See offer page for more details.{{/if}}</li>
  {{/ifCond}}
  {{#if features.account_features.feature_options.[ATM Reimbursement]}}
    <li><strong>ATM reimbursement -</strong> This account provides ATM access and will reimburse you for the ATM fees charged by other networks{{#if features.atm_reimbursement_limit.feature_value}} up to a monthly maximum of {{currency features.atm_reimbursement_limit.feature_value}}.{{else}}.{{/if}}</li>
  {{/if}}
  {{#if features.account_features.feature_options.[Check Images with Statement]}}
    <li><strong>Check images with monthly statement -</strong> Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.</li>
  {{/if}}
  {{#if features.account_features.feature_options.[Free Debit Card]}}
    <li><strong>Free debit card -</strong> Enjoy the convenience of a debit card without the extra fees. Debit cards make it easier to control your spending because unlike credit cards you can only spend what you already have in your account. {{#if features.account_features.feature_options.[Debit Card Lock/Unlock]}}{{>seo_keyword}} also allows you to lock and unlock your debit card if it's stolen or lost. {{#if features.account_features.feature_options.[Visa/Mastercard]}} Eligibile customers can also apply for a credit card with {{>seo_keyword}} and link it to their account.{{/if}}{{/if}}</li>
  {{/if}}
  {{#if features.account_features.feature_options.[Fraud Monitoring]}}
    <li><strong>Fraud monitoring -</strong> {{>seo_keyword}} monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.</li>
  {{/if}}
  {{#if features.account_features.feature_options.[Free Bill Pay]}}
    <li><strong>Free Online Bill Pay -</strong> Online Bill Pay allows you to pay bills easily from your account.</li>
  {{/if}}
  {{#if features.account_features.feature_options.[Get Paid Early]}}
    <li><strong>Get paid early -</strong> If you set up direct deposit with your employer and request this service, you can collect your salary early.</li>
  {{/if}}
  {{#if features.account_features.feature_options.[Mobile Banking]}}
    <li><strong>Mobile Banking Services -</strong> {{>seo_keyword}} allows you to manage your money online or with a mobile app.{{#if features.account_features.feature_options.[Mobile Check Deposit]}} This includes depositing checks in your account with a mobile app on your smartphone.{{/if}}</li>
  {{/if}}
  {{#if features.account_features.feature_options.[Nationwide ATM Network]}}
    <li><strong>Nationwide ATM network -</strong> Conveniently transact at a nearby ATM.</li>{{/if}}
  {{#if features.account_features.feature_options.[Savings]}}
    <li><strong>Savings account -</strong> {{>seo_keyword}} allows you link your checking account to a savings account. Connecting your checking account to a savings account reduces friction and makes it easier to put aside money toward savings on a regular basis.</li>
  {{/if}}
  {{#if features.account_features.feature_options.[Soft Credit Pull]}}
    <li><strong>Soft credit pull -</strong> {{>seo_keyword}} performs a soft credit pull so you can check whether you qualify without hurting your credit.</li>
  {{/if}}
  {{#if features.account_features.feature_options.[Zero Liability Policy]}}
    <li><strong>Zero liability policy -</strong> You will never be held responsible for unauthorized transactions made from your account or using your account information.</li>
  {{/if}}
{{/if}}
</ul>

<h3>Can you set up a direct deposit to {{>seo_keyword}}?</h3>
{{#if features.account_features.feature_options.[Does not support direct deposits]}}
<p>No {{>seo_keyword}} does not support direct deposits.</p>
{{else}}
<p>Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.</p>
{{/if}}

{{#if support_email}}
<h3>What is the customer support email for {{>seo_keyword}}?</h3>
<p>The customer support email for {{>seo_keyword}} is <a href="mailto:{{{support_email}}}">{{support_email}}</a>.
{{/if}}

{{#if features.login_url.feature_value}}
<h3>What is the customer login page for {{>seo_keyword}}?</h3>
<p>This is the customer login page for <a href="{{features.login_url.feature_value}}">{{>seo_keyword}}</a>.
{{/if}}

{{>legit_product_question}}

{{#ifCond total_vote_count ">" 4}}
<h3>How do people rate the customer service and user experience of {{>seo_keyword}}?</h3>
<p>Overall, {{>seo_keyword}} is {{nps_rating_lc}} based on community reviews that rate customer service and user experience.
{{/ifCond}}


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