Top Online Banks
Online-only banking has come a long way since the days of its earliest adopters. Now, even many traditional banks have embraced the hallmarks of these institutions, including free ATM access, robust websites and mobile-friendly features such as remote check deposit.
The best online banks usually offer higher interest rates and friendlier fee structures than brick-and-mortar banks, because of the costs they save from not owning branches or ATMs. And they are just as secure, being backed by the FDIC.
ALLY.COM 1.00% APY
While not the very highest, Ally’s 1.00% APY is close to the best in the market. This tech-forward bank has a well-organized website, and its mobile apps are compatible with Apple and Android phones and tablets, as well as Windows phones and Amazon’s Kindle Fire. Its customer support options are unusually broad and include a 24-hour call center, along with Twitter or secure online chat for the phone-phobic. There are no monthly fees or minimum balance requirements to worry about.
The Ally online savings account can be hooked up to a checking account to serve as overdraft protection, and the bank got glowing reviews from the Pew Charitable Trusts in its May 2015 roundup of consumer-friendly banks.
bankoncit.com 0.72% APY
This no-fee account’s interest rate of 0.72% APY is among the best available. CIT requires an initial deposit of at least $100 to open the account, but you don’t need to maintain a minimum daily balance to earn interest. CIT is an Internet bank; customers can use the mobile app or online banking — or can call customer service — to manage their accounts.
everbank.com 1.11% APY
EverBank offers a variety of products for your personal and business banking needs. Their line of Yield Pledge accounts promise that your yield will always be in the top 5% of competitive accounts — not bad, right? It’s available for their checking, money market, and certain CD accounts.
bankofinternet.com 1.25% APY3
No monthly maintenance fee, no minimum monthly balance, no overdraft or non-sufficient funds fees. Unlimited domestic ATM reimbursements, Cashback Purchase Rewards.
Free Online Banking/Bill Pay, Mobile banking, mobile deposit.
fnbodirect.com 0.95% APY
- ith an FNBO Direct Online Savings Account, there are no monthly fees or minimum balance requirements and you can open an account with as little as a $1
- Get access to your money anytime and save with the confidence of superior online security. Plus, with easy transfer options, send money to and from your accounts easily
- Need to split the check for lunch, throw in for the office party, or send a cash birthday gift? Popmoney® is a simple, convenient and secure way to send and receive money using your FNBO Direct accounts.
firstib.com 0.80% APY
Saving for a rainy day? Our rates are hard to beat. Tightly integrated with our other accounts for easy real-time funds transfers. All options include free, unlimited online banking and mobile banking. We offer free electronic statements and even an ATM card, if you’d like.