Current Review 2026
Current is a mobile banking platform offering checking accounts, savings pods, and teen banking features. It partners with Choice Financial Group for banking services.
Founded
2015
Headquarters
New York, NY
Total Assets
N/A
Branches
Online Only
BankingDeal Rating
Based on rates, fees, features, and customer satisfaction
3.9
out of 5.0
Rates & Fees
| Product | Rate / Fee |
|---|---|
| Savings APY | 4.00% |
| 12-Month CD APY | N/A |
| Checking Monthly Fee | $0 |
Rates shown are for illustration. Verify current rates directly with Current.
Products Offered
Pros & Cons
Pros
- No minimum balance or hidden fees
- Early direct deposit
- Teen banking with parental controls
- Points rewards on purchases
- Savings Pods for goal-based saving
Cons
- Not a traditional bank
- Limited product offerings
- Lower savings rates
- Premium tier has monthly fee
Our Verdict
Current is a decent option for those who prefer online banking and want competitive rates without monthly fees. No minimum balance or hidden fees, making it worth considering in the online banking space. With a savings APY of 4.00%, it offers competitive returns on your deposits.
Related Resources
Frequently Asked Questions
Is Current a good bank?
Current has a rating of 3.9/5 on our scale. No minimum balance or hidden fees. However, not a traditional bank. Whether it is right for you depends on your specific banking needs and priorities.
What is the savings account APY at Current?
Current currently offers a savings APY of 4.00%. This is a competitive rate compared to the national average. Rates are subject to change. Verify current rates directly with Current.
Does Current charge monthly fees?
Current offers checking accounts with no monthly maintenance fee.
What products does Current offer?
Current offers Checking Accounts, Savings Pods, Teen Banking. As an online-only bank, all services are available through their website and mobile app.
Where is Current headquartered?
Current is headquartered in New York, NY. Founded in 2015, Current has grown to manage N/A in total assets. It operates exclusively online with no physical branch locations.