Choosing an Online Bank

If you’re like a large and growing number of Americans, you have heard of the many benefits of choosing an Online Bank as a home for your savings and as a hub for your banking activities. And now you just have to choose the right one to fit your needs. Congratulations! You have come to the right place. has a wealth of information about each and every online bank operating in the United States. As you conduct your search, review some of the benefits of choosing an online bank below, and then head over to the savings accounts, checking accounts, or CDs sections to compare rates and choose a specific account. We also have a list of some of the most popular online banks below if you already have a bank or two in mind that you want to investigate. Happy searching!

Benefits of Online Banks

High Rates
Lower bank overhead allows for higher deposit rates.
Low Fees
Online banks typically have much fewer and lower fees.
Ease of Use
Online banks specialize in usability and intuitive interfaces.
24/7 Availability
Virtual model allows for 24/7 availability for many services.
Customer Service
Many online banks emphasize customer service excellence.
Online Tools & Features
Robust tools & features allow for better account management.

How Do Online Banks' Rates Compare

Average APY Rates: November 27, 2015
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20 Most Popular Online Banks

iGObankingCIT BankSynchrony BankIncredible BankSallie Mae BankDiscover BankVirtual BankAlly BankGE Capital BankFirst Internet Bank of INAloStar Bank of CommerceBank5 ConnectThe Palladian PrivateBankTIAA DirectAmTrustDirectMy Banking DirectEH National
1 Beef up your savings with higher cd, checking, and savings account rates.
2 Simplify your banking experience with industry-leading tools & features.
3 Reduce or eliminate those pesky account fees that sap your savings.
4 Enjoy the convenience of 24/7 availability and top-notch customer service.
Featured Savings Rates
0.95% APY
Discover Bank
Online Savings
Today's Average APY Rates
0.62% 0.18% SAVINGS 0.36% 0.14% CHECKING 1.44% 1.29% 5-YEAR CD