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. OnlineBanks.com 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
Savings
Checking
1-Year CDs
5-Year CDs
Online0.77%
Non-Online0.43%
Online0.45%
Non-Online0.24%
Online1.02%
Non-Online0.73%
Online1.64%
Non-Online1.44%

20 Most Popular Online Banks

Popular Direct CIT Bank Sallie Mae Bank Nationwide Bank First Internet Bank of IN Ally Bank ableBanking My e-BAnC by BAC Florida Bank Goldman Sachs Bank USA PurePoint Financial Barclays Synchrony Bank Discover Bank MidFirst Direct TIAA Direct EverBank Incredible Bank My Banking Direct Virtual Bank Amboy Direct