Bankrate reviewed thousands of data points to determine the nation’s best banks. We gave the most weight to savings interest rates and low-cost or free checking accounts. Here are our picks for the best online banks.
Pick from the best online banks that are ranked at the top for having the top-rated checking and savings accounts with low fees and high interest rates.
In particular, many online banks offer significantly higher returns on CDs than their brick-and-mortar counterparts. For example, it's relatively easy to snag a CD yield in the4% to 5%range with online CD issuers, while Bank of America and Chase Bank offer yields of 0.01% and 0.03%, res...
An online bank orcredit uniondoes business exclusively online and does not operate physical branches. As a result of those cost savings, online banks have a reputation for charging fewer fees and offering better interest rates. As a customer of an online bank, you won’t be able to talk fac...
CD offerings can change on a daily basis. The interest rates for new accounts are locked in for the entire term of the CD starting on theSettlement Date. Settlement Date is when funds are received and posted to your account according to our Funds Availability policy, found in section 3 of...
Online Savings Accounts and Money Market Interest Rates In general, online savings accounts and money market accounts offer higher interest rates than standard savings accounts. The table below compares some savings account interest rates. It is worth considering one of thetop military banksor a finan...
Along with the higher interest, though, you may need to make a higher deposit and maintain a higher minimum balance in your MMA. Our guide to money market accounts explains the ins and outs and the features you should look for. Learn More About Money Market Accounts » Online banks ...
Minimum deposit requirements on high-interest checkingWhat to consider before banking with EverbankUnlike many online-only banks, EverBank has a physical presence in Florida. It also does not offer certain banking products, such as insurance and loans.More...
Best Savings Accounts Methodology Choosing the right savings account can be a key step in making your money work for you. To determine our Best Savings Accounts, we look for factors beyond just interest rates that can make or break the right account, including minimum balance to earn interest,...
We reviewed 19 of the top online banks—and these six are the best. See how Ally, Capital One, Discover, and others stack up on rates, features, fees, minimums, and more.