Alma Bank offers limited account options for people who tend to keep high balances. To find out if Alma Bank is right for you, continue reading the review below.
Although they don’t have a large variety of checking or savings accounts, they do offer relationship accounts to increase your earnings.
See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as Chase Bank, HSBC Bank, TD Bank, Huntington Bank, BBVA, Discover Bank, and CIT Bank. See our best rates for Savings and CD too. |
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| Chase Private Client $2,000 Bonus | Chase Business Complete BankingSM $300 Bonus |
| Chase Total Checking® $200 Bonus | Chase SavingsSM $150 Bonus |
| HSBC Premier Checking $450 Bonus | HSBC Premier Checking Up To $600 |
| HSBC Advance Checking $200 Bonus | HSBC Advance Checking Up To $240 |
| TD Bank Premier Checking $300 Bonus | TD Bank Convenience Checking $150 Bonus |
| Huntington 25 Checking $500 Bonus | Huntington Business Checking 100 $200 Bonus |
| Huntington Unlimited Business Checking $400 Bonus | Huntington Unlimited Plus Business Checking $750 Bonus |
| Axos Basic Business Checking $100 Bonus | Aspiration Spend & Save Account $100 Bonus |
| Ally Invest Up To $3,500 Bonus | BBVA Online Checking & Savings $250 Bonus |
Table of Contents
- 1 Checking Account Options
- 2 Compare Checking Accounts
- 3 Savings Account Options
- 4 Compare Savings Accounts
- 5 Money Market Account Options
- 6 Compare Money Market Accounts
- 7 CD Account Options
- 8 Compare CD Accounts
- 9 Reasons to Bank with Alma Bank
- 10 Reasons Not to Bank with Alma Bank
- 11 Alma Bank Routing Number
- 12 Contact Customer Service
- 13 How Alma Bank Compares
- 14 Bottom Line
Checking Account Options
Alma Bank has a few checking accounts with varying opening deposits and balance requirements.
Their checking accounts come with the standard features that most accounts have.
Basic CheckingPremier CheckingPremier Plus Checking
This is a standard checking account that only requires $10 to open.
There are no monthly fees nor minimum balance requirements.
This interest bearing account will need an minimum deposit of $100 to open.
There is a $10 monthly fee, but you can waive it by keeping a daily balance of $500.
A premium interest bearing account that requires a higher deposit of $1,000 to open, but it earns competitive rates.
Keeping a daily balance of $1,000 will also waive the $10 monthly fee.
You can create a relationship account if you link this checking account to a Personal Premier Savings account.
Compare Checking Accounts
Chase Total Checking®Chase Premier Plus CheckingSMHSBC Premier CheckingHSBC Advance CheckingHuntington Asterisk-Free Checking®Huntington 5 Checking®Huntington 25 Checking®BBVA Online Checking
 • Enjoy a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit • Access to 16,000 Chase ATMs and nearly 4,900 branches • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device. • Open your account online now. • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. |
See all Chase Total Checking offers and all other Chase offers here.
See all Chase Premier Checking offers and all other Chase offers here.
 • Get up to $600 with a 3% Cash Bonus Checking Offer when you open a new HSBC Premier checking account and complete the following qualifying activities. • Open your new HSBC Premier checking account online by January 7, 2021; and • Set up Qualifying Direct Deposits into your new HSBC Premier checking account; and then • Enjoy 3% Cash Bonus, up to $600, on Qualifying Direct Deposits up to $100 per month, during the first 6 calendar months after account opening • You will automatically receive the 3% Cash Bonus in your new HSBC Premier checking account approximately eight weeks after completing that month's qualifying activities. Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. |
• Get a $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities. • Open your new HSBC Premier checking account online by January 7, 2021; and • Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening. • You will automatically receive the $450 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It's that simple. Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. |
*See all HSBC Premier Checking offers here and all other HSBC Bank offers here.
• Get up to $240 with a 3% Cash Bonus Checking Offer when you open a new HSBC Advance checking account and complete the following qualifying activities. • Open your new HSBC Advance checking account online by January 7, 2021; and • Set up Qualifying Direct Deposits into your new HSBC Advance checking account; and then • Enjoy 3% Cash Bonus, up to $240, on Qualifying Direct Deposits up to $40 per month, during the first 6 calendar months after account opening • You will automatically receive the 3% Cash Bonus in your new HSBC Advance checking account approximately eight weeks after completing that month's qualifying activities. Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. |
• Get a $200 Welcome Deposit for eligible new customers who open a new HSBC Advance checking account and complete the following qualifying activities. • Open your new HSBC Advance checking account online by January 7, 2021; and • Make recurring monthly Qualifying Direct Deposits totaling at least $500 from a third party to your HSBC Advance checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening • You will automatically receive the $200 Welcome Deposit in your new HSBC Advance checking account approximately eight weeks after completing all qualifying activities. It's that simple. Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. |
*See all HSBC Advance Checking offers here and all other HSBC Bank offers here.
See all Huntington Asterisk-Free Checking offers and all other Huntington offers here.
See all Huntington 5 Checking offers and all other Huntington offers here.
 Open your Huntington 25 Checking account today and enjoy: • $500 bonus by making cumulative new money deposits of at least $15,000 within 60 days of account opening. $500 will be deposited in your new account within 14 days of meeting requirements. • 24-Hour Grace Overdraft Relief. It is designed to give you more time to make a deposit in order to avoid an Overdraft Fee. • Earn Interest on Balances. 0.10% Annual Percentage Yield applies to all balance tiers. • Free ATM Withdrawals. They’ll waive all non-Huntington ATM cash withdrawal fees at any ATM and reimburse you for some withdrawal fees charged by another ATM owner. • Waived Monthly Maintenance Fee • Credit score and identity monitoring at no added cost |
See all Huntington 25 Checking offers and all other Huntington offers here.
You’ve Arrived at Your $250 Opportunity: You could get a $200 bonus by opening an Online Checking account by November 27, 2020 and receiving a qualifying direct deposit of $500 by January 15, 2021. Increase your bonus to $250 by adding an Online Savings account and having a savings balance of at least $1000 on December 31, 2020. Member FDIC. |
See all BBVA Online Checking offers and all other BBVA offers here.
Savings Account Options
Alma Bank only has two savings accounts, but they both earn competitive interest rates.
Personal SavingsPremier Personal Savings
A basic savings account that requires at least $100 to open.
Maintain a daily balance of $100 also can waive the $10 monthly fee.
This premium savings account can be linked with your Premier Checking account in order to maximize your earnings.
There is a much larger opening deposit of $10,000 but this account earns competitive interest rates for being a relationship account.
You will also have to maintain a daily balance of $10,000 in order to waive the $15 monthly fee.
Compare Savings Accounts
Chase SavingsSMCIT Bank Savings BuilderAmerican Express® Personal SavingsSimpleDiscover Online SavingsAxos Bank High Yield Savings
 • Enjoy a $150 bonus when you open a new Chase SavingsSM account, deposit a total of $10,000 or more in new money within 20 business days, and maintain a $10,000 balance for 90 days • Access to 16,000 Chase ATMs and nearly 4,900 branches • Link this account to your Chase checking account for Overdraft Protection. • Chase Mobile® app – Manage your accounts, deposit checks, transfer money and more — all from your device. • Open your account online now. • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. |
See all Chase Savings offers and all other Chase offers here.
 With the CIT Bank Savings Builders account: • Earn a top tier, competitive APY on your money—one of the top savings rates in the nation. Earn 0.45% APY on your funds - grow your savings faster. • Build a habit of savings. Pay yourself first. Start with $100 per month and build your habit of savings-—all while getting a top rate. • FDIC Insured |
Learn more about CIT Bank Savings Builder from CIT Bank. Our full list of CIT Bank bonuses here.
 With the American Express® High Yield Savings Account: • Earn 0.60% APY on your deposits. Your High Yield Savings account earns interest daily and is posted to your account monthly. • Links easily with your current bank accounts. No need to switch banks. • FDIC Insured. Your account is insured to at least $250,000 per depositor. • No monthly fees, no minimum balance. • 24/7 Account Access |
Learn more about American Express High Yield Savings and the latest Amex credit card offers here.
 Bank, budget, and save with up to 0.60% APY. Simple’s Protected Goals Account is designed to help you save in a separate high-yield checking account. • Earn 0.60% APY on balances $10,000 and above • Earn 0.60% APY on balances $9,999 or less |
Read more about Simple offers here.
 Open a Discover Online Savings Account for all these features: • Earn high interest rate of 0.50% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your account online or with the Discover mobile app • FDIC insurance up to $250,000 See advertiser website for full details |
Read more about Discover Bank Online Savings here. Our full list of Discover Bank bonuses here.
 • Earn 0.61% APY with interest compounded daily and no monthly fees with the Axos Bank High Yield Savings account • No minimum balance requirements • Free ATM card upon request • $250 minimum opening deposit • Free Incoming Wires |
Read more about Axos Bank High Yield Savings here. Our full list of Axos Bank Promotions here.
Money Market Account Options
Money Market accounts allow for a higher yield and gives access to your funds with either checks or a bankcard.
Alma Bank has one money market account that earns competitive interest rates.
ALMA Personal Money Market:
- You will need a minimum deposit of $1,000 to open this account and earn interest
- There is a $15 monthly fee, but it can be waived with a daily balance of $1,000
- Has unlimited deposits
- Access to all online and telephone banking
Compare Money Market Accounts
Axos Bank High Yield Money MarketDiscover Money MarketBBVA Money MarketCIT Bank Money Market
• Earn 0.60% APY with the Axos Bank High Yield Money Market • FDIC Insured • Check writing privileges • No monthly maintenance fees • No minimum balance requirements • Debit card transactions • Minimum Balance Required to Open the Account: $ 1000.00 |
Read more about Axos Bank High Yield Money Market here. Our full list of Axos Bank Promotions here.
 • Get started and open a Discover Money Market Account in 3 easy steps. • Available nationwide online • Earn high yields with flexible access to your cash. • Earn 0.40% APY balances $100,000 and over • Earn 0.35% APY balances under $100,000 • Open with as little as $2,500. • No hidden fees. No surprises. • Easy cash access via debit or check, or via ATM at over 60,000 no-fee ATMs |
Read more about Discover Bank Money Market here. Our full list of Discover Bank bonuses here.
 With the BBVA Money Market Account, you’ll enjoy: • Earn up to 0.15% APY (Annual Percentage Yield) • Earn this exceptional rate on your entire balance • $25 minimum opening deposit required • Get a competitive rate, with tiered interest to grow your money faster • Interest compounds and is credited monthly • Easily withdraw money in branch & at BBVA ATMs w/no fees • Enjoy 24/7 online access with Online and Mobile Banking • Link to your BBVA checking account for Overdraft Protection • FDIC-insured |
Learn more about BBVA Bank Money Market. Our full list of BBBVA bonuses here.
With the CIT Bank Money Market Account, you can earn a competitive interest rate and access your money easily. • Earn 0.50% APY on your funds • One of the nation's top rates — several times the national average. • Get up to 6 digital transfers/withdrawals per statement cycle • Save smart and get more for your money • Higher rates than traditional banks • Get 24/7 Account Access • Secure banking features • Open with as little as $100 • FDIC insured |
Learn more about CIT Bank Money Market. Our full list of CIT Bank bonuses here.
CD Account Options
Alma Bank offers CDs that earn really high, competitive interest rates. You can open each CD with $1,000.
These terms are available from 1 month to 5 years. To view rates and other information, click here.
The CDs will also automatically renew upon maturity.
Compare CD Accounts
Discover CDCIT Bank CDCIT Bank No-Penalty CDBBVA CD
• Available nationwide online, Discover offers CDs with some of the highest & most competitive rates! with select terms as short as 3 months up to 120 months • Rates ranging from 0.20% APY up to 0.60% APY. • Opening a Discover Bank Certificate of Deposit is extremely quick and easy. • Funds on deposit are FDIC-insured up to the maximum allowed by law. • Start today with a minimum deposit of $2,500! • Get started and open a Discover CD in 3 easy steps. |
Read more about Discover Bank CDs here. Our full list of Discover Bank bonuses here.
 • Available online nationwide • Earn 0.30% APY on a 12-Month CD Term • Earn up to 0.50% APY • $1,000 minimum to open • Selection of terms to meet your needs • A range of choices. Low minimum deposits. • No fees to open or maintain the account • Available as Custodial • Open a CIT Bank Certificate of Deposit Account today! |
Learn more about CIT Bank CDs. Our full list of CIT Bank bonuses here.
With the CIT Bank No-Penalty 11-Month CD: • Earn 0.30% APY on your funds with just a $1,000 minimum deposit. • The perfect balance between a great fixed rate and flexible money access. • Access funds, if needed. No penalty. • No opening or maintenance fees • Shorter 11-month timeframe and a great APY • If you need your funds prior to the maturity date, you can withdraw your money — including any interest earned — beginning seven days after the funds have been received. No penalty. No problem. It's the security of a CD with the flexibility to access your funds early if you need them. |
Learn more about CIT Bank No-Penalty CD. Our full list of CIT Bank bonuses here.
With the BBVA CD: • Earn up to 0.10% APY with just a $500 minimum deposit • The perfect balance between a great fixed rate and flexible money access. • Access funds, if needed. No penalty. • No opening or maintenance fees • Shorter 11-month timeframe and a great APY • If you need your funds prior to the maturity date, you can withdraw your money — including any interest earned — beginning seven days after the funds have been received. No penalty. No problem. It's the security of a CD with the flexibility to access your funds early if you need them. |
See all BBVA CD offers and all other BBVA offers here.
Reasons to Bank with Alma Bank
- They offer relationship accounts for their premium checking and savings accounts.
- Ideal for those who have pocket money and want a savings account that can earn them competitive rates.
- Their savings and money market accounts earn a pretty high APY.
- Conduct all your banking online or with the Alma Bank mobile app.
- They offer a 24-hour banking telephone service line.
Reasons Not to Bank with Alma Bank
- They are only located in New Jersey and New York with 13 branches in total.
- Their Premium Personal Savings account has a high opening deposit and minimum balance requirements.
- Their monthly fees are higher than most banks.
- Lacking a student checking or savings account.
- Doesn’t offer a senior checking or savings account either.
Alma Bank Routing Number
The routing number for Alma Bank is 026014384.
Contact Customer Service
Alma Bank has a 24/7 banking phone line that you can reach at 866-424-8229.
Their business hours are based on locations so you can also check their website for when they are open.
How Alma Bank Compares
- Chase Bank: Chase is one of the biggest banks in the U.S and offers just about almost everything. Compared to its other competitors, Chase offers much more checking account options.
- Discover Bank: Discover Bank is also an online nationwide bank that offers bonuses for their checking and savings accounts! You can earn cash back rewards when you open a checking account and generous bonuses for opening a savings one.
- Wells Fargo: Located throughout the US with over 5,800 branches and 13,000 ATMs. They offer a variety of deposits accounts, including accounts for teens and customers who need a second chance.
Bottom Line
If you live in New Jersey or New York and is someone who often keeps a pretty high balance and want to earn interest consistently, then Alma Bank may have the accounts you’re looking for.
A lot of Alma’s personal accounts require a pretty high opening deposit and sometimes even higher minimum balance requirements, but that isn’t an issue with those have a lot of extra cash.
However, keep in mind that when you look for a checking or savings account be sure to look into all the fees charged. Don’t focus on the interest rate alone, but on what the account will cost you overall.
If Alma Bank has the variety and options you’re looking for, apply today! For more options from a variety of banks, see our list of the best bank promotions!
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