How Banesco USA’s checking accounts compare

Simply put, Banesco USA’s checking accounts fall way short compared to other online banks. Their rates are significantly lower than their peers, some of which offer rates 5 to 10 times those at Banesco USA. In addition, many competitors are also offering other perks, such as no monthly maintenance fees, free checks and ATM fee refunds.

Considering you can only open this account in person, you’re better off picking a bank from our list of the current best checking account rates.

How Banesco USA’s savings account compares

As far as rates go, Banesco USA is on par compared to our list of the current best savings accounts rates. This account doesn’t require a high opening deposit and offers you a way get ATM access if you link it to your checking account.

However, other online banks have no minimum balances and no monthly maintenance fee. Banesco USA’s is pretty steep at $15. As well, you can only open this account in person which is the major downfall. Unless you live near one their branches, you’ll need to look elsewhere.

How Banesco USA’s CD rates compare

The certificates of deposit offered by Banesco USA pay a decent rate, just under the top rates currently on our list of the current best CD rates. Combined with the easy online application process, these CDs could be an option worth exploring.

How Banesco USA’s money market account compares

Even with promo rates, the money market account could be much lower than some of its online competitors. Many on our list of the best money market accounts have low minimum opening deposits, no monthly maintenance fees and rates twice to three times the amount you see here. Yes, you do get limited check writing capabilities, but so do some other banks. The bottom line: You’re better off looking elsewhere.