Laurel Road Bank Review: Checking and Savings

NerdWallet evaluates banks and credit unions based on a variety of factors, including checking, savings, certificates of deposit or credit union share certificates, banking experience, and overdraft fees. These factors consider rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service, and innovation. The ratings range from one star for poor performance to five stars for excellent performance and are rounded to the nearest half-star.

In evaluating banks and credit unions, NerdWallet takes into account a multitude of factors to provide an overall rating that encompasses various aspects of these financial institutions. From checking and savings accounts to certificates of deposit and credit union share certificates, each category is carefully considered to give a comprehensive view of the institution. Factors like rates, fees, ATM and branch accessibility, account features, customer service, and innovation all play a role in determining the final rating. These ratings, represented by stars ranging from one to five, offer a detailed analysis that can guide consumers in making informed decisions about where to entrust their finances.

In today’s fast-paced world, digital banking has become more popular than ever. With convenience and efficiency being top priorities for many consumers, online banks are on the rise, offering a wide range of banking products and services tailored to meet the needs of today’s customers. Laurel Road Bank is one such online bank that has gained attention for its competitive rates and user-friendly platform. In this comprehensive review, we will delve into Laurel Road Bank’s checking and savings accounts to help you determine if this online bank is the right fit for your financial needs.

### Introducing Laurel Road Bank

Laurel Road Bank is an online-only bank that was founded with the mission of helping its customers reach their financial goals through innovative banking solutions. While Laurel Road Bank is relatively new to the digital banking scene, it is a division of KeyBank National Association, which has a long-standing history of providing reliable banking services to its customers.

Laurel Road Bank offers a variety of banking products, including checking accounts, savings accounts, and personal loans, all of which are designed to be simple, transparent, and user-friendly. With competitive interest rates and minimal fees, Laurel Road Bank aims to provide its customers with a seamless banking experience that meets their financial needs.

### Laurel Road Bank Checking Account Review

#### Features:

Laurel Road Bank offers a high-yield checking account that allows customers to earn competitive interest rates on their deposits. With no monthly maintenance fees and no minimum balance requirements, Laurel Road’s checking account is a great option for customers looking to maximize their earnings without the hassle of traditional brick-and-mortar banks.

Customers can access their checking account online or through the Laurel Road mobile app, making it easy to manage their finances on the go. In addition, Laurel Road Bank offers unlimited ATM fee reimbursements, so customers can access their cash without worrying about additional charges.

#### Benefits:

One of the key benefits of the Laurel Road Bank checking account is the high interest rates offered on deposits. Unlike many traditional banks that offer minimal interest on checking account balances, Laurel Road Bank provides customers with the opportunity to earn more on their money without sacrificing convenience.

Another major advantage of the Laurel Road Bank checking account is the unlimited ATM fee reimbursements. This feature allows customers to use any ATM worldwide without incurring additional fees, making it easy to access cash whenever and wherever it’s needed.

### Laurel Road Bank Savings Account Review

#### Features:

In addition to its checking account, Laurel Road Bank also offers a high-yield savings account that is designed to help customers grow their savings over time. With competitive interest rates and no monthly maintenance fees, Laurel Road’s savings account is a great option for customers looking to maximize their savings potential.

Customers can easily transfer funds between their checking and savings accounts online or through the Laurel Road mobile app, making it simple to manage their finances and track their progress towards their savings goals. Additionally, Laurel Road Bank offers a variety of tools and resources to help customers meet their financial objectives, such as savings goal trackers and budgeting tools.

#### Benefits:

One of the main benefits of the Laurel Road Bank savings account is the high interest rates offered on deposits. With competitive rates that are significantly higher than those offered by traditional banks, customers can maximize their savings potential and watch their money grow over time.

Another major advantage of the Laurel Road Bank savings account is the flexibility it offers customers to manage their savings goals. With no minimum balance requirements and easy fund transfers between accounts, customers can tailor their savings strategy to meet their individual needs and objectives.

### Conclusion

In conclusion, Laurel Road Bank offers competitive checking and savings accounts that are designed to help customers reach their financial goals. With high interest rates, no monthly maintenance fees, and a range of user-friendly features, Laurel Road Bank stands out as a top choice for customers seeking a modern and efficient banking experience.

Whether you’re looking to earn more on your money with a high-yield savings account or access cash easily with a fee-free checking account, Laurel Road Bank has you covered. With a commitment to transparency, simplicity, and customer satisfaction, Laurel Road Bank is a great option for customers who value convenience and efficiency in their banking relationships.

Overall, Laurel Road Bank’s checking and savings accounts offer a compelling blend of competitive rates, user-friendly features, and customer-centric benefits that make it a top choice for today’s digital-savvy consumers. If you’re in the market for a new banking experience that puts your financial needs first, Laurel Road Bank is definitely worth considering.

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