Best online bank for top-yield savings: EverBank Rating: 4 stars out of 5 4.7 Overview EverBank offers CDs in terms ranging from three months to five years, as well as savings, money market and checking accounts, many of which pay competitive yields. Minimum deposit requirements are reasonable, too. EverBank doesn’t charge ATM fees and will reimburse you up to $15 each month for fees paid at other U.S. ATMs. Add Card Icon Why we like it Caret Down Icon High yields and low minimums: EverBank offers high rates on its savings and money market accounts, as well as some of its CDs. Its checking account also earns some interest. Most accounts require a minimum deposit of either $0 or $100, though there is a minimum deposit of $1,000 for CDs. Expanded federal deposit insurance: For customers whose deposits exceed the Federal Deposit Insurance Corp. (FDIC) limit of $250,000, EverBank offers a CDARS CD account. This uses IntraFi Network Deposits to distribute the money to other banks in the network, which broadens insurance protection while giving customers the convenience of working with just one bank. Broad reach: EverBank serves customers in all 50 states. It also provides access to nearly 80,000 fee-free ATMs. High yields and low minimums: EverBank offers high rates on its savings and money market accounts, as well as some of its CDs. Its checking account also earns some interest. Most accounts require a minimum deposit of either $0 or $100, though there is a minimum deposit of $1,000 for CDs. Expanded federal deposit insurance: For customers whose deposits exceed the Federal Deposit Insurance Corp. (FDIC) limit of $250,000, EverBank offers a CDARS CD account. This uses IntraFi Network Deposits to distribute the money to other banks in the network, which broadens insurance protection while giving customers the convenience of working with just one bank. Broad reach: EverBank serves customers in all 50 states. It also provides access to nearly 80,000 fee-free ATMs. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Money market account, Checking account CDs, Savings account, Money market account, Checking account Best online bank for ATM access: Quontic Rating: 4 stars out of 5 4.6 Overview Quontic offers a variety of products with easy-to-meet opening deposit requirements and above-average APYs. Customers have access to a huge network of 90,000 ATMs as well as digital tools that include Apple Pay, Google Pay, Samsung Pay and Zelle. Another big plus: Deposit accounts don’t have monthly service fees or overdraft fees. Add Card Icon Why we like it Caret Down Icon Competitive APYs: The high-interest checking account has one of the best APYs you’ll find on such an account at any bank. Its savings and money market accounts rank up there, too. Low minimum deposit requirements: You can open Quontic’s high-interest checking account with $100; the same goes for its high-yield savings and money market accounts. CDs require $500 to open, which is a relatively low minimum opening deposit. No overdraft or monthly fees: Checking account customers don’t have to worry about overdraft fees. There’s also no monthly service fee on the high-yield savings account or the money market account. Competitive APYs: The high-interest checking account has one of the best APYs you’ll find on such an account at any bank. Its savings and money market accounts rank up there, too. Low minimum deposit requirements: You can open Quontic’s high-interest checking account with $100; the same goes for its high-yield savings and money market accounts. CDs require $500 to open, which is a relatively low minimum opening deposit. No overdraft or monthly fees: Checking account customers don’t have to worry about overdraft fees. There’s also no monthly service fee on the high-yield savings account or the money market account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Money market account, Checking account CDs, Savings account, Money market account, Checking account Best all-rounder online bank: Ally Bank Rating: 4 stars out of 5 4.7 Overview Ally Bank is regularly recognized as one of the best online banks in the country, and for good reason. Ally offers savers competitive rates and requires no minimum deposits. Its savings account allows customers to organize savings into “buckets,” such as for emergencies, vacations and housing. And it has a 24/7 customer service phone line. Add Card Icon Why we like it Caret Down Icon Top rates: Ally consistently offers savers high annual percentage yields (APYs). What’s more, it doesn’t require minimum deposits to open accounts — including for certificates of deposit (CDs) — so products are accessible to all savers. Robust ATM network: Ally customers have fee-free access to more than 75,000 ATMs across the country in the Allpoint and MoneyPass networks. What’s more, Ally reimburses up to $10 each statement cycle in fees charged at other ATMs nationwide. No monthly fees: As an Ally Bank customer, you won’t waste your money on monthly maintenance fees — Ally doesn’t charge them. It even abolished overdraft fees. Top rates: Ally consistently offers savers high annual percentage yields (APYs). What’s more, it doesn’t require minimum deposits to open accounts — including for certificates of deposit (CDs) — so products are accessible to all savers. Robust ATM network: Ally customers have fee-free access to more than 75,000 ATMs across the country in the Allpoint and MoneyPass networks. What’s more, Ally reimburses up to $10 each statement cycle in fees charged at other ATMs nationwide. No monthly fees: As an Ally Bank customer, you won’t waste your money on monthly maintenance fees — Ally doesn’t charge them. It even abolished overdraft fees. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Money market account, Checking account CDs, Savings account, Money market account, Checking account Best online bank for rewards checking: LendingClub Rating: 4 stars out of 5 4.5 Overview In addition to its lending products, LendingClub offers deposit accounts that include a high-yield savings account that pays a competitive rate, charges no monthly service fee and comes with an ATM card. The bank also offers a rewards checking account that earns a tiered APY as well as CDs that pay competitive rates. Add Card Icon Why we like it Caret Down Icon Competitive savings account rate: LendingClub’s High-Yield Savings account earns a competitive rate that’s well above the national average. The account comes with an ATM card and charges no monthly maintenance fee. It requires no minimum balance or opening balance. Rewards checking account: This account pays 1 percent unlimited cash back on debit purchases when you meet minimum balance or direct deposit requirements. It also earns some interest, and large balances earn a higher APY. There are no maintenance fees, and you’ll receive unlimited rebates for ATM surcharges imposed by other banks. Fee-free ATM withdrawals: LendingClub customers can withdraw money from more than 40,000 MoneyPass ATMs. And they can make deposits at participating MoneyPass ATMs. Competitive savings account rate: LendingClub’s High-Yield Savings account earns a competitive rate that’s well above the national average. The account comes with an ATM card and charges no monthly maintenance fee. It requires no minimum balance or opening balance. Rewards checking account: This account pays 1 percent unlimited cash back on debit purchases when you meet minimum balance or direct deposit requirements. It also earns some interest, and large balances earn a higher APY. There are no maintenance fees, and you’ll receive unlimited rebates for ATM surcharges imposed by other banks. Fee-free ATM withdrawals: LendingClub customers can withdraw money from more than 40,000 MoneyPass ATMs. And they can make deposits at participating MoneyPass ATMs. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for CDs: Discover Rating: 4 stars out of 5 4.7 Overview Many consumers think Discover provides only credit cards, but it’s also a top online bank offering savings, money market and checking accounts as well as CDs. Discover impresses by charging no fees for its deposit products and by offering savers competitive rates. You can also reach bank representatives over the phone 24/7. Add Card Icon Why we like it Caret Down Icon No fees: Discover’s standout features include not charging fees for its deposit products — that includes not charging customers fees for overdrafts or NSF fees. No minimum deposit requirements: The online bank doesn’t require a minimum deposit to open a savings account, checking account, money market account or CD. Cash back checking account: Discover offers a checking account that gives you cash back when you make debit card purchases. Free ATMs are plentiful, too: Customers have fee-free access to more than 60,000 ATMs across the country. No fees: Discover’s standout features include not charging fees for its deposit products — that includes not charging customers fees for overdrafts or NSF fees. No minimum deposit requirements: The online bank doesn’t require a minimum deposit to open a savings account, checking account, money market account or CD. Cash back checking account: Discover offers a checking account that gives you cash back when you make debit card purchases. Free ATMs are plentiful, too: Customers have fee-free access to more than 60,000 ATMs across the country. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Money market account, Checking account CDs, Savings account, Money market account, Checking account Best online bank for high-yield checking: Bank5 Connect Rating: 4 stars out of 5 4.3 Overview Bank5 Connect is an online-only division of Massachusetts-based BankFive. It offers a high-interest checking account, as well as a savings account and CDs that earn rates well above national averages. The bank has low minimum opening requirements for many of its accounts and doesn’t charge monthly service fees. Residents of Massachusetts and Rhode Island aren’t eligible to open a Bank5 Connect account. Add Card Icon Why we like it Caret Down Icon High checking APY: You can earn a top-notch checking account yield at Bank5 Connect as long as you keep a $100 minimum balance in your account. Low minimum deposits: Bank5 Connect is accessible to savers of all levels. The bank’s savings account, checking account and CDs all have low minimum balance requirements. You need to deposit only $100 to start earning interest in the Connect Savings account, for example. No monthly fees: The bank also ranks highly for offering checking and savings accounts without maintenance fees. Free ATM access and rebates: Even if you use an ATM outside of the bank’s network, Bank5 won’t charge you. The online bank will also refund you up to $15 per statement cycle should the ATM operator charge you a fee. High checking APY: You can earn a top-notch checking account yield at Bank5 Connect as long as you keep a $100 minimum balance in your account. Low minimum deposits: Bank5 Connect is accessible to savers of all levels. The bank’s savings account, checking account and CDs all have low minimum balance requirements. You need to deposit only $100 to start earning interest in the Connect Savings account, for example. No monthly fees: The bank also ranks highly for offering checking and savings accounts without maintenance fees. Free ATM access and rebates: Even if you use an ATM outside of the bank’s network, Bank5 won’t charge you. The online bank will also refund you up to $15 per statement cycle should the ATM operator charge you a fee. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for American Express customers: American Express National Bank Rating: 4 stars out of 5 4.7 Overview It may be best known for its credit cards, but American Express National Bank is also a bank that offers a savings account, checking account and CDs that earn high yields. There is a catch though — to open the checking account, you have to have an American Express credit card for at least 35 days. But once you do open an account, you’ll earn interest on your balance and rewards points for debit card purchases. Add Card Icon Why we like it Caret Down Icon No minimum balance requirements: Whether you’re opening a CD, a checking account or a savings account, there’s no required minimum deposit. No monthly fees: The savings and checking accounts don’t charge maintenance fees. 24/7 customer service: Bank representatives can be reached by phone around the clock. No minimum balance requirements: Whether you’re opening a CD, a checking account or a savings account, there’s no required minimum deposit. No monthly fees: The savings and checking accounts don’t charge maintenance fees. 24/7 customer service: Bank representatives can be reached by phone around the clock. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for checking/savings combo: Bask Bank Rating: 4 stars out of 5 4.7 Overview Bask Bank, the online subsidiary of Texas Capital Bank, offers a handful of deposit accounts available nationwide. Bask’s Interest Checking account offers a competitive yield as far as checking accounts go. For those looking to save, you have a couple of options to choose from. Bask offers a solid APYs on its CDs, but terms only go from three months to two years. It also has two savings accounts: one that earns an ultra-competitive yield and the other earns American Airline miles. Add Card Icon Why we like it Caret Down Icon High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online credit union: Alliant Credit Union Rating: 4 stars out of 5 4.5 Overview Alliant Credit Union is easy for anyone to join despite its status as a credit union. The credit union offers the full suite of deposit products, including accounts for children and teens. Alliant’s yields generally range from solid to competitive. Accounts generally come without monthly fees, though some accounts stipulate that you must elect e-statements in order to waive the fee. Add Card Icon Why we like it Caret Down Icon Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online eco-friendly bank: Forbright Bank Rating: 4 stars out of 5 4.5 Overview Forbright Bank is a full-service bank with a mission centered on environmental sustainability, including clean energy financing. It prioritizes environmental responsibility in both its internal operations and lending practices, as the bank won’t finance fossil fuel extraction or infrastructure — with some caveats — according to Forbright’s 2023 Sustainability Report. In terms of deposit accounts, Forbright Bank’s online options are geared towards savings: a handful of CDs and one savings account. Add Card Icon Why we like it Caret Down Icon Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account, Money market account CDs, Savings account, Checking account, Money market account Pros and Cons of online banks Online banks have surged in popularity thanks to their low fees and high-yield savings options. But while they offer convenience and strong digital tools, they may fall short in areas where traditional banks still shine. Pros Checkmark IconHigher interest rates: Online banks tend to offer better APYs on deposit accounts compared to brick-and-mortar institutions. Checkmark IconLow or no fees: With fewer overhead costs to cover, many online banks eliminate common fees like monthly maintenance, minimum balance and overdraft fees. Checkmark IconEco-friendly operations: Many online banks operate with a smaller physical footprint, reducing their environmental impact. Cons Limited cash access: Depending on the account, depositing or withdrawing physical cash can be inconvenient and sometimes even impossible. Fewer banking services: Services like cashier’s checks or notary services may be harder to obtain, if they are available at all. No in-person support: Many online banks provide 24/7 support over chat or phone, but that sometimes may feel like a poor replacement for face-to-face customer service. Some online banks may even have limited customer support hours. Product gaps: Some online banks don’t offer the full range of deposit products, or other financial services like loans. Think beyond just the higher interest rates when choosing between online and brick-and-mortar banks. While online banks often win on rates and fees, traditional banks offer real human relationships that can be valuable if you need more personalized advice. In some cases, you may benefit from using both — keeping your savings at online banks to earn better interest, while keeping a local, brick-and-mortar bank account for everyday needs and those times when face-to-face conversations matter. Bankrate logo Hanna Horvath, certified financial planner and managing editor at Bankrate FAQs Are online banks safe? Caret Down Icon Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Are online banks FDIC insured? Caret Down Icon Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. What is the best online bank? Caret Down Icon There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. Meet our Bankrate experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Thomas Brock, CFA, CPA Expert Reviewer Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. We score these institutions based on their product offerings (savings, checking accounts, CDs and money market accounts), APYs, fees, minimum deposit requirements, funds access, digital features and more. The highest-rated online banks and credit unions made this list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Best online bank for ATM access: Quontic Rating: 4 stars out of 5 4.6 Overview Quontic offers a variety of products with easy-to-meet opening deposit requirements and above-average APYs. Customers have access to a huge network of 90,000 ATMs as well as digital tools that include Apple Pay, Google Pay, Samsung Pay and Zelle. Another big plus: Deposit accounts don’t have monthly service fees or overdraft fees. Add Card Icon Why we like it Caret Down Icon Competitive APYs: The high-interest checking account has one of the best APYs you’ll find on such an account at any bank. Its savings and money market accounts rank up there, too. Low minimum deposit requirements: You can open Quontic’s high-interest checking account with $100; the same goes for its high-yield savings and money market accounts. CDs require $500 to open, which is a relatively low minimum opening deposit. No overdraft or monthly fees: Checking account customers don’t have to worry about overdraft fees. There’s also no monthly service fee on the high-yield savings account or the money market account. Competitive APYs: The high-interest checking account has one of the best APYs you’ll find on such an account at any bank. Its savings and money market accounts rank up there, too. Low minimum deposit requirements: You can open Quontic’s high-interest checking account with $100; the same goes for its high-yield savings and money market accounts. CDs require $500 to open, which is a relatively low minimum opening deposit. No overdraft or monthly fees: Checking account customers don’t have to worry about overdraft fees. There’s also no monthly service fee on the high-yield savings account or the money market account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Money market account, Checking account CDs, Savings account, Money market account, Checking account Best all-rounder online bank: Ally Bank Rating: 4 stars out of 5 4.7 Overview Ally Bank is regularly recognized as one of the best online banks in the country, and for good reason. Ally offers savers competitive rates and requires no minimum deposits. Its savings account allows customers to organize savings into “buckets,” such as for emergencies, vacations and housing. And it has a 24/7 customer service phone line. Add Card Icon Why we like it Caret Down Icon Top rates: Ally consistently offers savers high annual percentage yields (APYs). What’s more, it doesn’t require minimum deposits to open accounts — including for certificates of deposit (CDs) — so products are accessible to all savers. Robust ATM network: Ally customers have fee-free access to more than 75,000 ATMs across the country in the Allpoint and MoneyPass networks. What’s more, Ally reimburses up to $10 each statement cycle in fees charged at other ATMs nationwide. No monthly fees: As an Ally Bank customer, you won’t waste your money on monthly maintenance fees — Ally doesn’t charge them. It even abolished overdraft fees. Top rates: Ally consistently offers savers high annual percentage yields (APYs). What’s more, it doesn’t require minimum deposits to open accounts — including for certificates of deposit (CDs) — so products are accessible to all savers. Robust ATM network: Ally customers have fee-free access to more than 75,000 ATMs across the country in the Allpoint and MoneyPass networks. What’s more, Ally reimburses up to $10 each statement cycle in fees charged at other ATMs nationwide. No monthly fees: As an Ally Bank customer, you won’t waste your money on monthly maintenance fees — Ally doesn’t charge them. It even abolished overdraft fees. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Money market account, Checking account CDs, Savings account, Money market account, Checking account Best online bank for rewards checking: LendingClub Rating: 4 stars out of 5 4.5 Overview In addition to its lending products, LendingClub offers deposit accounts that include a high-yield savings account that pays a competitive rate, charges no monthly service fee and comes with an ATM card. The bank also offers a rewards checking account that earns a tiered APY as well as CDs that pay competitive rates. Add Card Icon Why we like it Caret Down Icon Competitive savings account rate: LendingClub’s High-Yield Savings account earns a competitive rate that’s well above the national average. The account comes with an ATM card and charges no monthly maintenance fee. It requires no minimum balance or opening balance. Rewards checking account: This account pays 1 percent unlimited cash back on debit purchases when you meet minimum balance or direct deposit requirements. It also earns some interest, and large balances earn a higher APY. There are no maintenance fees, and you’ll receive unlimited rebates for ATM surcharges imposed by other banks. Fee-free ATM withdrawals: LendingClub customers can withdraw money from more than 40,000 MoneyPass ATMs. And they can make deposits at participating MoneyPass ATMs. Competitive savings account rate: LendingClub’s High-Yield Savings account earns a competitive rate that’s well above the national average. The account comes with an ATM card and charges no monthly maintenance fee. It requires no minimum balance or opening balance. Rewards checking account: This account pays 1 percent unlimited cash back on debit purchases when you meet minimum balance or direct deposit requirements. It also earns some interest, and large balances earn a higher APY. There are no maintenance fees, and you’ll receive unlimited rebates for ATM surcharges imposed by other banks. Fee-free ATM withdrawals: LendingClub customers can withdraw money from more than 40,000 MoneyPass ATMs. And they can make deposits at participating MoneyPass ATMs. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for CDs: Discover Rating: 4 stars out of 5 4.7 Overview Many consumers think Discover provides only credit cards, but it’s also a top online bank offering savings, money market and checking accounts as well as CDs. Discover impresses by charging no fees for its deposit products and by offering savers competitive rates. You can also reach bank representatives over the phone 24/7. Add Card Icon Why we like it Caret Down Icon No fees: Discover’s standout features include not charging fees for its deposit products — that includes not charging customers fees for overdrafts or NSF fees. No minimum deposit requirements: The online bank doesn’t require a minimum deposit to open a savings account, checking account, money market account or CD. Cash back checking account: Discover offers a checking account that gives you cash back when you make debit card purchases. Free ATMs are plentiful, too: Customers have fee-free access to more than 60,000 ATMs across the country. No fees: Discover’s standout features include not charging fees for its deposit products — that includes not charging customers fees for overdrafts or NSF fees. No minimum deposit requirements: The online bank doesn’t require a minimum deposit to open a savings account, checking account, money market account or CD. Cash back checking account: Discover offers a checking account that gives you cash back when you make debit card purchases. Free ATMs are plentiful, too: Customers have fee-free access to more than 60,000 ATMs across the country. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Money market account, Checking account CDs, Savings account, Money market account, Checking account Best online bank for high-yield checking: Bank5 Connect Rating: 4 stars out of 5 4.3 Overview Bank5 Connect is an online-only division of Massachusetts-based BankFive. It offers a high-interest checking account, as well as a savings account and CDs that earn rates well above national averages. The bank has low minimum opening requirements for many of its accounts and doesn’t charge monthly service fees. Residents of Massachusetts and Rhode Island aren’t eligible to open a Bank5 Connect account. Add Card Icon Why we like it Caret Down Icon High checking APY: You can earn a top-notch checking account yield at Bank5 Connect as long as you keep a $100 minimum balance in your account. Low minimum deposits: Bank5 Connect is accessible to savers of all levels. The bank’s savings account, checking account and CDs all have low minimum balance requirements. You need to deposit only $100 to start earning interest in the Connect Savings account, for example. No monthly fees: The bank also ranks highly for offering checking and savings accounts without maintenance fees. Free ATM access and rebates: Even if you use an ATM outside of the bank’s network, Bank5 won’t charge you. The online bank will also refund you up to $15 per statement cycle should the ATM operator charge you a fee. High checking APY: You can earn a top-notch checking account yield at Bank5 Connect as long as you keep a $100 minimum balance in your account. Low minimum deposits: Bank5 Connect is accessible to savers of all levels. The bank’s savings account, checking account and CDs all have low minimum balance requirements. You need to deposit only $100 to start earning interest in the Connect Savings account, for example. No monthly fees: The bank also ranks highly for offering checking and savings accounts without maintenance fees. Free ATM access and rebates: Even if you use an ATM outside of the bank’s network, Bank5 won’t charge you. The online bank will also refund you up to $15 per statement cycle should the ATM operator charge you a fee. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for American Express customers: American Express National Bank Rating: 4 stars out of 5 4.7 Overview It may be best known for its credit cards, but American Express National Bank is also a bank that offers a savings account, checking account and CDs that earn high yields. There is a catch though — to open the checking account, you have to have an American Express credit card for at least 35 days. But once you do open an account, you’ll earn interest on your balance and rewards points for debit card purchases. Add Card Icon Why we like it Caret Down Icon No minimum balance requirements: Whether you’re opening a CD, a checking account or a savings account, there’s no required minimum deposit. No monthly fees: The savings and checking accounts don’t charge maintenance fees. 24/7 customer service: Bank representatives can be reached by phone around the clock. No minimum balance requirements: Whether you’re opening a CD, a checking account or a savings account, there’s no required minimum deposit. No monthly fees: The savings and checking accounts don’t charge maintenance fees. 24/7 customer service: Bank representatives can be reached by phone around the clock. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for checking/savings combo: Bask Bank Rating: 4 stars out of 5 4.7 Overview Bask Bank, the online subsidiary of Texas Capital Bank, offers a handful of deposit accounts available nationwide. Bask’s Interest Checking account offers a competitive yield as far as checking accounts go. For those looking to save, you have a couple of options to choose from. Bask offers a solid APYs on its CDs, but terms only go from three months to two years. It also has two savings accounts: one that earns an ultra-competitive yield and the other earns American Airline miles. Add Card Icon Why we like it Caret Down Icon High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online credit union: Alliant Credit Union Rating: 4 stars out of 5 4.5 Overview Alliant Credit Union is easy for anyone to join despite its status as a credit union. The credit union offers the full suite of deposit products, including accounts for children and teens. Alliant’s yields generally range from solid to competitive. Accounts generally come without monthly fees, though some accounts stipulate that you must elect e-statements in order to waive the fee. Add Card Icon Why we like it Caret Down Icon Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online eco-friendly bank: Forbright Bank Rating: 4 stars out of 5 4.5 Overview Forbright Bank is a full-service bank with a mission centered on environmental sustainability, including clean energy financing. It prioritizes environmental responsibility in both its internal operations and lending practices, as the bank won’t finance fossil fuel extraction or infrastructure — with some caveats — according to Forbright’s 2023 Sustainability Report. In terms of deposit accounts, Forbright Bank’s online options are geared towards savings: a handful of CDs and one savings account. Add Card Icon Why we like it Caret Down Icon Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account, Money market account CDs, Savings account, Checking account, Money market account Pros and Cons of online banks Online banks have surged in popularity thanks to their low fees and high-yield savings options. But while they offer convenience and strong digital tools, they may fall short in areas where traditional banks still shine. Pros Checkmark IconHigher interest rates: Online banks tend to offer better APYs on deposit accounts compared to brick-and-mortar institutions. Checkmark IconLow or no fees: With fewer overhead costs to cover, many online banks eliminate common fees like monthly maintenance, minimum balance and overdraft fees. Checkmark IconEco-friendly operations: Many online banks operate with a smaller physical footprint, reducing their environmental impact. Cons Limited cash access: Depending on the account, depositing or withdrawing physical cash can be inconvenient and sometimes even impossible. Fewer banking services: Services like cashier’s checks or notary services may be harder to obtain, if they are available at all. No in-person support: Many online banks provide 24/7 support over chat or phone, but that sometimes may feel like a poor replacement for face-to-face customer service. Some online banks may even have limited customer support hours. Product gaps: Some online banks don’t offer the full range of deposit products, or other financial services like loans. Think beyond just the higher interest rates when choosing between online and brick-and-mortar banks. While online banks often win on rates and fees, traditional banks offer real human relationships that can be valuable if you need more personalized advice. In some cases, you may benefit from using both — keeping your savings at online banks to earn better interest, while keeping a local, brick-and-mortar bank account for everyday needs and those times when face-to-face conversations matter. Bankrate logo Hanna Horvath, certified financial planner and managing editor at Bankrate FAQs Are online banks safe? Caret Down Icon Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Are online banks FDIC insured? Caret Down Icon Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. What is the best online bank? Caret Down Icon There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. Meet our Bankrate experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Thomas Brock, CFA, CPA Expert Reviewer Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. We score these institutions based on their product offerings (savings, checking accounts, CDs and money market accounts), APYs, fees, minimum deposit requirements, funds access, digital features and more. The highest-rated online banks and credit unions made this list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Best all-rounder online bank: Ally Bank Rating: 4 stars out of 5 4.7 Overview Ally Bank is regularly recognized as one of the best online banks in the country, and for good reason. Ally offers savers competitive rates and requires no minimum deposits. Its savings account allows customers to organize savings into “buckets,” such as for emergencies, vacations and housing. And it has a 24/7 customer service phone line. Add Card Icon Why we like it Caret Down Icon Top rates: Ally consistently offers savers high annual percentage yields (APYs). What’s more, it doesn’t require minimum deposits to open accounts — including for certificates of deposit (CDs) — so products are accessible to all savers. Robust ATM network: Ally customers have fee-free access to more than 75,000 ATMs across the country in the Allpoint and MoneyPass networks. What’s more, Ally reimburses up to $10 each statement cycle in fees charged at other ATMs nationwide. No monthly fees: As an Ally Bank customer, you won’t waste your money on monthly maintenance fees — Ally doesn’t charge them. It even abolished overdraft fees. Top rates: Ally consistently offers savers high annual percentage yields (APYs). What’s more, it doesn’t require minimum deposits to open accounts — including for certificates of deposit (CDs) — so products are accessible to all savers. Robust ATM network: Ally customers have fee-free access to more than 75,000 ATMs across the country in the Allpoint and MoneyPass networks. What’s more, Ally reimburses up to $10 each statement cycle in fees charged at other ATMs nationwide. No monthly fees: As an Ally Bank customer, you won’t waste your money on monthly maintenance fees — Ally doesn’t charge them. It even abolished overdraft fees. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Money market account, Checking account CDs, Savings account, Money market account, Checking account Best online bank for rewards checking: LendingClub Rating: 4 stars out of 5 4.5 Overview In addition to its lending products, LendingClub offers deposit accounts that include a high-yield savings account that pays a competitive rate, charges no monthly service fee and comes with an ATM card. The bank also offers a rewards checking account that earns a tiered APY as well as CDs that pay competitive rates. Add Card Icon Why we like it Caret Down Icon Competitive savings account rate: LendingClub’s High-Yield Savings account earns a competitive rate that’s well above the national average. The account comes with an ATM card and charges no monthly maintenance fee. It requires no minimum balance or opening balance. Rewards checking account: This account pays 1 percent unlimited cash back on debit purchases when you meet minimum balance or direct deposit requirements. It also earns some interest, and large balances earn a higher APY. There are no maintenance fees, and you’ll receive unlimited rebates for ATM surcharges imposed by other banks. Fee-free ATM withdrawals: LendingClub customers can withdraw money from more than 40,000 MoneyPass ATMs. And they can make deposits at participating MoneyPass ATMs. Competitive savings account rate: LendingClub’s High-Yield Savings account earns a competitive rate that’s well above the national average. The account comes with an ATM card and charges no monthly maintenance fee. It requires no minimum balance or opening balance. Rewards checking account: This account pays 1 percent unlimited cash back on debit purchases when you meet minimum balance or direct deposit requirements. It also earns some interest, and large balances earn a higher APY. There are no maintenance fees, and you’ll receive unlimited rebates for ATM surcharges imposed by other banks. Fee-free ATM withdrawals: LendingClub customers can withdraw money from more than 40,000 MoneyPass ATMs. And they can make deposits at participating MoneyPass ATMs. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for CDs: Discover Rating: 4 stars out of 5 4.7 Overview Many consumers think Discover provides only credit cards, but it’s also a top online bank offering savings, money market and checking accounts as well as CDs. Discover impresses by charging no fees for its deposit products and by offering savers competitive rates. You can also reach bank representatives over the phone 24/7. Add Card Icon Why we like it Caret Down Icon No fees: Discover’s standout features include not charging fees for its deposit products — that includes not charging customers fees for overdrafts or NSF fees. No minimum deposit requirements: The online bank doesn’t require a minimum deposit to open a savings account, checking account, money market account or CD. Cash back checking account: Discover offers a checking account that gives you cash back when you make debit card purchases. Free ATMs are plentiful, too: Customers have fee-free access to more than 60,000 ATMs across the country. No fees: Discover’s standout features include not charging fees for its deposit products — that includes not charging customers fees for overdrafts or NSF fees. No minimum deposit requirements: The online bank doesn’t require a minimum deposit to open a savings account, checking account, money market account or CD. Cash back checking account: Discover offers a checking account that gives you cash back when you make debit card purchases. Free ATMs are plentiful, too: Customers have fee-free access to more than 60,000 ATMs across the country. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Money market account, Checking account CDs, Savings account, Money market account, Checking account Best online bank for high-yield checking: Bank5 Connect Rating: 4 stars out of 5 4.3 Overview Bank5 Connect is an online-only division of Massachusetts-based BankFive. It offers a high-interest checking account, as well as a savings account and CDs that earn rates well above national averages. The bank has low minimum opening requirements for many of its accounts and doesn’t charge monthly service fees. Residents of Massachusetts and Rhode Island aren’t eligible to open a Bank5 Connect account. Add Card Icon Why we like it Caret Down Icon High checking APY: You can earn a top-notch checking account yield at Bank5 Connect as long as you keep a $100 minimum balance in your account. Low minimum deposits: Bank5 Connect is accessible to savers of all levels. The bank’s savings account, checking account and CDs all have low minimum balance requirements. You need to deposit only $100 to start earning interest in the Connect Savings account, for example. No monthly fees: The bank also ranks highly for offering checking and savings accounts without maintenance fees. Free ATM access and rebates: Even if you use an ATM outside of the bank’s network, Bank5 won’t charge you. The online bank will also refund you up to $15 per statement cycle should the ATM operator charge you a fee. High checking APY: You can earn a top-notch checking account yield at Bank5 Connect as long as you keep a $100 minimum balance in your account. Low minimum deposits: Bank5 Connect is accessible to savers of all levels. The bank’s savings account, checking account and CDs all have low minimum balance requirements. You need to deposit only $100 to start earning interest in the Connect Savings account, for example. No monthly fees: The bank also ranks highly for offering checking and savings accounts without maintenance fees. Free ATM access and rebates: Even if you use an ATM outside of the bank’s network, Bank5 won’t charge you. The online bank will also refund you up to $15 per statement cycle should the ATM operator charge you a fee. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for American Express customers: American Express National Bank Rating: 4 stars out of 5 4.7 Overview It may be best known for its credit cards, but American Express National Bank is also a bank that offers a savings account, checking account and CDs that earn high yields. There is a catch though — to open the checking account, you have to have an American Express credit card for at least 35 days. But once you do open an account, you’ll earn interest on your balance and rewards points for debit card purchases. Add Card Icon Why we like it Caret Down Icon No minimum balance requirements: Whether you’re opening a CD, a checking account or a savings account, there’s no required minimum deposit. No monthly fees: The savings and checking accounts don’t charge maintenance fees. 24/7 customer service: Bank representatives can be reached by phone around the clock. No minimum balance requirements: Whether you’re opening a CD, a checking account or a savings account, there’s no required minimum deposit. No monthly fees: The savings and checking accounts don’t charge maintenance fees. 24/7 customer service: Bank representatives can be reached by phone around the clock. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for checking/savings combo: Bask Bank Rating: 4 stars out of 5 4.7 Overview Bask Bank, the online subsidiary of Texas Capital Bank, offers a handful of deposit accounts available nationwide. Bask’s Interest Checking account offers a competitive yield as far as checking accounts go. For those looking to save, you have a couple of options to choose from. Bask offers a solid APYs on its CDs, but terms only go from three months to two years. It also has two savings accounts: one that earns an ultra-competitive yield and the other earns American Airline miles. Add Card Icon Why we like it Caret Down Icon High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online credit union: Alliant Credit Union Rating: 4 stars out of 5 4.5 Overview Alliant Credit Union is easy for anyone to join despite its status as a credit union. The credit union offers the full suite of deposit products, including accounts for children and teens. Alliant’s yields generally range from solid to competitive. Accounts generally come without monthly fees, though some accounts stipulate that you must elect e-statements in order to waive the fee. Add Card Icon Why we like it Caret Down Icon Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online eco-friendly bank: Forbright Bank Rating: 4 stars out of 5 4.5 Overview Forbright Bank is a full-service bank with a mission centered on environmental sustainability, including clean energy financing. It prioritizes environmental responsibility in both its internal operations and lending practices, as the bank won’t finance fossil fuel extraction or infrastructure — with some caveats — according to Forbright’s 2023 Sustainability Report. In terms of deposit accounts, Forbright Bank’s online options are geared towards savings: a handful of CDs and one savings account. Add Card Icon Why we like it Caret Down Icon Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account, Money market account CDs, Savings account, Checking account, Money market account Pros and Cons of online banks Online banks have surged in popularity thanks to their low fees and high-yield savings options. But while they offer convenience and strong digital tools, they may fall short in areas where traditional banks still shine. Pros Checkmark IconHigher interest rates: Online banks tend to offer better APYs on deposit accounts compared to brick-and-mortar institutions. Checkmark IconLow or no fees: With fewer overhead costs to cover, many online banks eliminate common fees like monthly maintenance, minimum balance and overdraft fees. Checkmark IconEco-friendly operations: Many online banks operate with a smaller physical footprint, reducing their environmental impact. Cons Limited cash access: Depending on the account, depositing or withdrawing physical cash can be inconvenient and sometimes even impossible. Fewer banking services: Services like cashier’s checks or notary services may be harder to obtain, if they are available at all. No in-person support: Many online banks provide 24/7 support over chat or phone, but that sometimes may feel like a poor replacement for face-to-face customer service. Some online banks may even have limited customer support hours. Product gaps: Some online banks don’t offer the full range of deposit products, or other financial services like loans. Think beyond just the higher interest rates when choosing between online and brick-and-mortar banks. While online banks often win on rates and fees, traditional banks offer real human relationships that can be valuable if you need more personalized advice. In some cases, you may benefit from using both — keeping your savings at online banks to earn better interest, while keeping a local, brick-and-mortar bank account for everyday needs and those times when face-to-face conversations matter. Bankrate logo Hanna Horvath, certified financial planner and managing editor at Bankrate FAQs Are online banks safe? Caret Down Icon Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Are online banks FDIC insured? Caret Down Icon Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. What is the best online bank? Caret Down Icon There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. Meet our Bankrate experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Thomas Brock, CFA, CPA Expert Reviewer Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. We score these institutions based on their product offerings (savings, checking accounts, CDs and money market accounts), APYs, fees, minimum deposit requirements, funds access, digital features and more. The highest-rated online banks and credit unions made this list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Best online bank for rewards checking: LendingClub Rating: 4 stars out of 5 4.5 Overview In addition to its lending products, LendingClub offers deposit accounts that include a high-yield savings account that pays a competitive rate, charges no monthly service fee and comes with an ATM card. The bank also offers a rewards checking account that earns a tiered APY as well as CDs that pay competitive rates. Add Card Icon Why we like it Caret Down Icon Competitive savings account rate: LendingClub’s High-Yield Savings account earns a competitive rate that’s well above the national average. The account comes with an ATM card and charges no monthly maintenance fee. It requires no minimum balance or opening balance. Rewards checking account: This account pays 1 percent unlimited cash back on debit purchases when you meet minimum balance or direct deposit requirements. It also earns some interest, and large balances earn a higher APY. There are no maintenance fees, and you’ll receive unlimited rebates for ATM surcharges imposed by other banks. Fee-free ATM withdrawals: LendingClub customers can withdraw money from more than 40,000 MoneyPass ATMs. And they can make deposits at participating MoneyPass ATMs. Competitive savings account rate: LendingClub’s High-Yield Savings account earns a competitive rate that’s well above the national average. The account comes with an ATM card and charges no monthly maintenance fee. It requires no minimum balance or opening balance. Rewards checking account: This account pays 1 percent unlimited cash back on debit purchases when you meet minimum balance or direct deposit requirements. It also earns some interest, and large balances earn a higher APY. There are no maintenance fees, and you’ll receive unlimited rebates for ATM surcharges imposed by other banks. Fee-free ATM withdrawals: LendingClub customers can withdraw money from more than 40,000 MoneyPass ATMs. And they can make deposits at participating MoneyPass ATMs. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for CDs: Discover Rating: 4 stars out of 5 4.7 Overview Many consumers think Discover provides only credit cards, but it’s also a top online bank offering savings, money market and checking accounts as well as CDs. Discover impresses by charging no fees for its deposit products and by offering savers competitive rates. You can also reach bank representatives over the phone 24/7. Add Card Icon Why we like it Caret Down Icon No fees: Discover’s standout features include not charging fees for its deposit products — that includes not charging customers fees for overdrafts or NSF fees. No minimum deposit requirements: The online bank doesn’t require a minimum deposit to open a savings account, checking account, money market account or CD. Cash back checking account: Discover offers a checking account that gives you cash back when you make debit card purchases. Free ATMs are plentiful, too: Customers have fee-free access to more than 60,000 ATMs across the country. No fees: Discover’s standout features include not charging fees for its deposit products — that includes not charging customers fees for overdrafts or NSF fees. No minimum deposit requirements: The online bank doesn’t require a minimum deposit to open a savings account, checking account, money market account or CD. Cash back checking account: Discover offers a checking account that gives you cash back when you make debit card purchases. Free ATMs are plentiful, too: Customers have fee-free access to more than 60,000 ATMs across the country. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Money market account, Checking account CDs, Savings account, Money market account, Checking account Best online bank for high-yield checking: Bank5 Connect Rating: 4 stars out of 5 4.3 Overview Bank5 Connect is an online-only division of Massachusetts-based BankFive. It offers a high-interest checking account, as well as a savings account and CDs that earn rates well above national averages. The bank has low minimum opening requirements for many of its accounts and doesn’t charge monthly service fees. Residents of Massachusetts and Rhode Island aren’t eligible to open a Bank5 Connect account. Add Card Icon Why we like it Caret Down Icon High checking APY: You can earn a top-notch checking account yield at Bank5 Connect as long as you keep a $100 minimum balance in your account. Low minimum deposits: Bank5 Connect is accessible to savers of all levels. The bank’s savings account, checking account and CDs all have low minimum balance requirements. You need to deposit only $100 to start earning interest in the Connect Savings account, for example. No monthly fees: The bank also ranks highly for offering checking and savings accounts without maintenance fees. Free ATM access and rebates: Even if you use an ATM outside of the bank’s network, Bank5 won’t charge you. The online bank will also refund you up to $15 per statement cycle should the ATM operator charge you a fee. High checking APY: You can earn a top-notch checking account yield at Bank5 Connect as long as you keep a $100 minimum balance in your account. Low minimum deposits: Bank5 Connect is accessible to savers of all levels. The bank’s savings account, checking account and CDs all have low minimum balance requirements. You need to deposit only $100 to start earning interest in the Connect Savings account, for example. No monthly fees: The bank also ranks highly for offering checking and savings accounts without maintenance fees. Free ATM access and rebates: Even if you use an ATM outside of the bank’s network, Bank5 won’t charge you. The online bank will also refund you up to $15 per statement cycle should the ATM operator charge you a fee. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for American Express customers: American Express National Bank Rating: 4 stars out of 5 4.7 Overview It may be best known for its credit cards, but American Express National Bank is also a bank that offers a savings account, checking account and CDs that earn high yields. There is a catch though — to open the checking account, you have to have an American Express credit card for at least 35 days. But once you do open an account, you’ll earn interest on your balance and rewards points for debit card purchases. Add Card Icon Why we like it Caret Down Icon No minimum balance requirements: Whether you’re opening a CD, a checking account or a savings account, there’s no required minimum deposit. No monthly fees: The savings and checking accounts don’t charge maintenance fees. 24/7 customer service: Bank representatives can be reached by phone around the clock. No minimum balance requirements: Whether you’re opening a CD, a checking account or a savings account, there’s no required minimum deposit. No monthly fees: The savings and checking accounts don’t charge maintenance fees. 24/7 customer service: Bank representatives can be reached by phone around the clock. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for checking/savings combo: Bask Bank Rating: 4 stars out of 5 4.7 Overview Bask Bank, the online subsidiary of Texas Capital Bank, offers a handful of deposit accounts available nationwide. Bask’s Interest Checking account offers a competitive yield as far as checking accounts go. For those looking to save, you have a couple of options to choose from. Bask offers a solid APYs on its CDs, but terms only go from three months to two years. It also has two savings accounts: one that earns an ultra-competitive yield and the other earns American Airline miles. Add Card Icon Why we like it Caret Down Icon High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online credit union: Alliant Credit Union Rating: 4 stars out of 5 4.5 Overview Alliant Credit Union is easy for anyone to join despite its status as a credit union. The credit union offers the full suite of deposit products, including accounts for children and teens. Alliant’s yields generally range from solid to competitive. Accounts generally come without monthly fees, though some accounts stipulate that you must elect e-statements in order to waive the fee. Add Card Icon Why we like it Caret Down Icon Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online eco-friendly bank: Forbright Bank Rating: 4 stars out of 5 4.5 Overview Forbright Bank is a full-service bank with a mission centered on environmental sustainability, including clean energy financing. It prioritizes environmental responsibility in both its internal operations and lending practices, as the bank won’t finance fossil fuel extraction or infrastructure — with some caveats — according to Forbright’s 2023 Sustainability Report. In terms of deposit accounts, Forbright Bank’s online options are geared towards savings: a handful of CDs and one savings account. Add Card Icon Why we like it Caret Down Icon Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account, Money market account CDs, Savings account, Checking account, Money market account Pros and Cons of online banks Online banks have surged in popularity thanks to their low fees and high-yield savings options. But while they offer convenience and strong digital tools, they may fall short in areas where traditional banks still shine. Pros Checkmark IconHigher interest rates: Online banks tend to offer better APYs on deposit accounts compared to brick-and-mortar institutions. Checkmark IconLow or no fees: With fewer overhead costs to cover, many online banks eliminate common fees like monthly maintenance, minimum balance and overdraft fees. Checkmark IconEco-friendly operations: Many online banks operate with a smaller physical footprint, reducing their environmental impact. Cons Limited cash access: Depending on the account, depositing or withdrawing physical cash can be inconvenient and sometimes even impossible. Fewer banking services: Services like cashier’s checks or notary services may be harder to obtain, if they are available at all. No in-person support: Many online banks provide 24/7 support over chat or phone, but that sometimes may feel like a poor replacement for face-to-face customer service. Some online banks may even have limited customer support hours. Product gaps: Some online banks don’t offer the full range of deposit products, or other financial services like loans. Think beyond just the higher interest rates when choosing between online and brick-and-mortar banks. While online banks often win on rates and fees, traditional banks offer real human relationships that can be valuable if you need more personalized advice. In some cases, you may benefit from using both — keeping your savings at online banks to earn better interest, while keeping a local, brick-and-mortar bank account for everyday needs and those times when face-to-face conversations matter. Bankrate logo Hanna Horvath, certified financial planner and managing editor at Bankrate FAQs Are online banks safe? Caret Down Icon Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Are online banks FDIC insured? Caret Down Icon Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. What is the best online bank? Caret Down Icon There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. Meet our Bankrate experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Thomas Brock, CFA, CPA Expert Reviewer Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. We score these institutions based on their product offerings (savings, checking accounts, CDs and money market accounts), APYs, fees, minimum deposit requirements, funds access, digital features and more. The highest-rated online banks and credit unions made this list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Best online bank for CDs: Discover Rating: 4 stars out of 5 4.7 Overview Many consumers think Discover provides only credit cards, but it’s also a top online bank offering savings, money market and checking accounts as well as CDs. Discover impresses by charging no fees for its deposit products and by offering savers competitive rates. You can also reach bank representatives over the phone 24/7. Add Card Icon Why we like it Caret Down Icon No fees: Discover’s standout features include not charging fees for its deposit products — that includes not charging customers fees for overdrafts or NSF fees. No minimum deposit requirements: The online bank doesn’t require a minimum deposit to open a savings account, checking account, money market account or CD. Cash back checking account: Discover offers a checking account that gives you cash back when you make debit card purchases. Free ATMs are plentiful, too: Customers have fee-free access to more than 60,000 ATMs across the country. No fees: Discover’s standout features include not charging fees for its deposit products — that includes not charging customers fees for overdrafts or NSF fees. No minimum deposit requirements: The online bank doesn’t require a minimum deposit to open a savings account, checking account, money market account or CD. Cash back checking account: Discover offers a checking account that gives you cash back when you make debit card purchases. Free ATMs are plentiful, too: Customers have fee-free access to more than 60,000 ATMs across the country. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Money market account, Checking account CDs, Savings account, Money market account, Checking account Best online bank for high-yield checking: Bank5 Connect Rating: 4 stars out of 5 4.3 Overview Bank5 Connect is an online-only division of Massachusetts-based BankFive. It offers a high-interest checking account, as well as a savings account and CDs that earn rates well above national averages. The bank has low minimum opening requirements for many of its accounts and doesn’t charge monthly service fees. Residents of Massachusetts and Rhode Island aren’t eligible to open a Bank5 Connect account. Add Card Icon Why we like it Caret Down Icon High checking APY: You can earn a top-notch checking account yield at Bank5 Connect as long as you keep a $100 minimum balance in your account. Low minimum deposits: Bank5 Connect is accessible to savers of all levels. The bank’s savings account, checking account and CDs all have low minimum balance requirements. You need to deposit only $100 to start earning interest in the Connect Savings account, for example. No monthly fees: The bank also ranks highly for offering checking and savings accounts without maintenance fees. Free ATM access and rebates: Even if you use an ATM outside of the bank’s network, Bank5 won’t charge you. The online bank will also refund you up to $15 per statement cycle should the ATM operator charge you a fee. High checking APY: You can earn a top-notch checking account yield at Bank5 Connect as long as you keep a $100 minimum balance in your account. Low minimum deposits: Bank5 Connect is accessible to savers of all levels. The bank’s savings account, checking account and CDs all have low minimum balance requirements. You need to deposit only $100 to start earning interest in the Connect Savings account, for example. No monthly fees: The bank also ranks highly for offering checking and savings accounts without maintenance fees. Free ATM access and rebates: Even if you use an ATM outside of the bank’s network, Bank5 won’t charge you. The online bank will also refund you up to $15 per statement cycle should the ATM operator charge you a fee. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for American Express customers: American Express National Bank Rating: 4 stars out of 5 4.7 Overview It may be best known for its credit cards, but American Express National Bank is also a bank that offers a savings account, checking account and CDs that earn high yields. There is a catch though — to open the checking account, you have to have an American Express credit card for at least 35 days. But once you do open an account, you’ll earn interest on your balance and rewards points for debit card purchases. Add Card Icon Why we like it Caret Down Icon No minimum balance requirements: Whether you’re opening a CD, a checking account or a savings account, there’s no required minimum deposit. No monthly fees: The savings and checking accounts don’t charge maintenance fees. 24/7 customer service: Bank representatives can be reached by phone around the clock. No minimum balance requirements: Whether you’re opening a CD, a checking account or a savings account, there’s no required minimum deposit. No monthly fees: The savings and checking accounts don’t charge maintenance fees. 24/7 customer service: Bank representatives can be reached by phone around the clock. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for checking/savings combo: Bask Bank Rating: 4 stars out of 5 4.7 Overview Bask Bank, the online subsidiary of Texas Capital Bank, offers a handful of deposit accounts available nationwide. Bask’s Interest Checking account offers a competitive yield as far as checking accounts go. For those looking to save, you have a couple of options to choose from. Bask offers a solid APYs on its CDs, but terms only go from three months to two years. It also has two savings accounts: one that earns an ultra-competitive yield and the other earns American Airline miles. Add Card Icon Why we like it Caret Down Icon High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online credit union: Alliant Credit Union Rating: 4 stars out of 5 4.5 Overview Alliant Credit Union is easy for anyone to join despite its status as a credit union. The credit union offers the full suite of deposit products, including accounts for children and teens. Alliant’s yields generally range from solid to competitive. Accounts generally come without monthly fees, though some accounts stipulate that you must elect e-statements in order to waive the fee. Add Card Icon Why we like it Caret Down Icon Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online eco-friendly bank: Forbright Bank Rating: 4 stars out of 5 4.5 Overview Forbright Bank is a full-service bank with a mission centered on environmental sustainability, including clean energy financing. It prioritizes environmental responsibility in both its internal operations and lending practices, as the bank won’t finance fossil fuel extraction or infrastructure — with some caveats — according to Forbright’s 2023 Sustainability Report. In terms of deposit accounts, Forbright Bank’s online options are geared towards savings: a handful of CDs and one savings account. Add Card Icon Why we like it Caret Down Icon Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account, Money market account CDs, Savings account, Checking account, Money market account Pros and Cons of online banks Online banks have surged in popularity thanks to their low fees and high-yield savings options. But while they offer convenience and strong digital tools, they may fall short in areas where traditional banks still shine. Pros Checkmark IconHigher interest rates: Online banks tend to offer better APYs on deposit accounts compared to brick-and-mortar institutions. Checkmark IconLow or no fees: With fewer overhead costs to cover, many online banks eliminate common fees like monthly maintenance, minimum balance and overdraft fees. Checkmark IconEco-friendly operations: Many online banks operate with a smaller physical footprint, reducing their environmental impact. Cons Limited cash access: Depending on the account, depositing or withdrawing physical cash can be inconvenient and sometimes even impossible. Fewer banking services: Services like cashier’s checks or notary services may be harder to obtain, if they are available at all. No in-person support: Many online banks provide 24/7 support over chat or phone, but that sometimes may feel like a poor replacement for face-to-face customer service. Some online banks may even have limited customer support hours. Product gaps: Some online banks don’t offer the full range of deposit products, or other financial services like loans. Think beyond just the higher interest rates when choosing between online and brick-and-mortar banks. While online banks often win on rates and fees, traditional banks offer real human relationships that can be valuable if you need more personalized advice. In some cases, you may benefit from using both — keeping your savings at online banks to earn better interest, while keeping a local, brick-and-mortar bank account for everyday needs and those times when face-to-face conversations matter. Bankrate logo Hanna Horvath, certified financial planner and managing editor at Bankrate FAQs Are online banks safe? Caret Down Icon Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Are online banks FDIC insured? Caret Down Icon Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. What is the best online bank? Caret Down Icon There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. Meet our Bankrate experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Thomas Brock, CFA, CPA Expert Reviewer Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. We score these institutions based on their product offerings (savings, checking accounts, CDs and money market accounts), APYs, fees, minimum deposit requirements, funds access, digital features and more. The highest-rated online banks and credit unions made this list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Best online bank for high-yield checking: Bank5 Connect Rating: 4 stars out of 5 4.3 Overview Bank5 Connect is an online-only division of Massachusetts-based BankFive. It offers a high-interest checking account, as well as a savings account and CDs that earn rates well above national averages. The bank has low minimum opening requirements for many of its accounts and doesn’t charge monthly service fees. Residents of Massachusetts and Rhode Island aren’t eligible to open a Bank5 Connect account. Add Card Icon Why we like it Caret Down Icon High checking APY: You can earn a top-notch checking account yield at Bank5 Connect as long as you keep a $100 minimum balance in your account. Low minimum deposits: Bank5 Connect is accessible to savers of all levels. The bank’s savings account, checking account and CDs all have low minimum balance requirements. You need to deposit only $100 to start earning interest in the Connect Savings account, for example. No monthly fees: The bank also ranks highly for offering checking and savings accounts without maintenance fees. Free ATM access and rebates: Even if you use an ATM outside of the bank’s network, Bank5 won’t charge you. The online bank will also refund you up to $15 per statement cycle should the ATM operator charge you a fee. High checking APY: You can earn a top-notch checking account yield at Bank5 Connect as long as you keep a $100 minimum balance in your account. Low minimum deposits: Bank5 Connect is accessible to savers of all levels. The bank’s savings account, checking account and CDs all have low minimum balance requirements. You need to deposit only $100 to start earning interest in the Connect Savings account, for example. No monthly fees: The bank also ranks highly for offering checking and savings accounts without maintenance fees. Free ATM access and rebates: Even if you use an ATM outside of the bank’s network, Bank5 won’t charge you. The online bank will also refund you up to $15 per statement cycle should the ATM operator charge you a fee. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for American Express customers: American Express National Bank Rating: 4 stars out of 5 4.7 Overview It may be best known for its credit cards, but American Express National Bank is also a bank that offers a savings account, checking account and CDs that earn high yields. There is a catch though — to open the checking account, you have to have an American Express credit card for at least 35 days. But once you do open an account, you’ll earn interest on your balance and rewards points for debit card purchases. Add Card Icon Why we like it Caret Down Icon No minimum balance requirements: Whether you’re opening a CD, a checking account or a savings account, there’s no required minimum deposit. No monthly fees: The savings and checking accounts don’t charge maintenance fees. 24/7 customer service: Bank representatives can be reached by phone around the clock. No minimum balance requirements: Whether you’re opening a CD, a checking account or a savings account, there’s no required minimum deposit. No monthly fees: The savings and checking accounts don’t charge maintenance fees. 24/7 customer service: Bank representatives can be reached by phone around the clock. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for checking/savings combo: Bask Bank Rating: 4 stars out of 5 4.7 Overview Bask Bank, the online subsidiary of Texas Capital Bank, offers a handful of deposit accounts available nationwide. Bask’s Interest Checking account offers a competitive yield as far as checking accounts go. For those looking to save, you have a couple of options to choose from. Bask offers a solid APYs on its CDs, but terms only go from three months to two years. It also has two savings accounts: one that earns an ultra-competitive yield and the other earns American Airline miles. Add Card Icon Why we like it Caret Down Icon High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online credit union: Alliant Credit Union Rating: 4 stars out of 5 4.5 Overview Alliant Credit Union is easy for anyone to join despite its status as a credit union. The credit union offers the full suite of deposit products, including accounts for children and teens. Alliant’s yields generally range from solid to competitive. Accounts generally come without monthly fees, though some accounts stipulate that you must elect e-statements in order to waive the fee. Add Card Icon Why we like it Caret Down Icon Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online eco-friendly bank: Forbright Bank Rating: 4 stars out of 5 4.5 Overview Forbright Bank is a full-service bank with a mission centered on environmental sustainability, including clean energy financing. It prioritizes environmental responsibility in both its internal operations and lending practices, as the bank won’t finance fossil fuel extraction or infrastructure — with some caveats — according to Forbright’s 2023 Sustainability Report. In terms of deposit accounts, Forbright Bank’s online options are geared towards savings: a handful of CDs and one savings account. Add Card Icon Why we like it Caret Down Icon Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account, Money market account CDs, Savings account, Checking account, Money market account Pros and Cons of online banks Online banks have surged in popularity thanks to their low fees and high-yield savings options. But while they offer convenience and strong digital tools, they may fall short in areas where traditional banks still shine. Pros Checkmark IconHigher interest rates: Online banks tend to offer better APYs on deposit accounts compared to brick-and-mortar institutions. Checkmark IconLow or no fees: With fewer overhead costs to cover, many online banks eliminate common fees like monthly maintenance, minimum balance and overdraft fees. Checkmark IconEco-friendly operations: Many online banks operate with a smaller physical footprint, reducing their environmental impact. Cons Limited cash access: Depending on the account, depositing or withdrawing physical cash can be inconvenient and sometimes even impossible. Fewer banking services: Services like cashier’s checks or notary services may be harder to obtain, if they are available at all. No in-person support: Many online banks provide 24/7 support over chat or phone, but that sometimes may feel like a poor replacement for face-to-face customer service. Some online banks may even have limited customer support hours. Product gaps: Some online banks don’t offer the full range of deposit products, or other financial services like loans. Think beyond just the higher interest rates when choosing between online and brick-and-mortar banks. While online banks often win on rates and fees, traditional banks offer real human relationships that can be valuable if you need more personalized advice. In some cases, you may benefit from using both — keeping your savings at online banks to earn better interest, while keeping a local, brick-and-mortar bank account for everyday needs and those times when face-to-face conversations matter. Bankrate logo Hanna Horvath, certified financial planner and managing editor at Bankrate FAQs Are online banks safe? Caret Down Icon Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Are online banks FDIC insured? Caret Down Icon Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. What is the best online bank? Caret Down Icon There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. Meet our Bankrate experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Thomas Brock, CFA, CPA Expert Reviewer Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. We score these institutions based on their product offerings (savings, checking accounts, CDs and money market accounts), APYs, fees, minimum deposit requirements, funds access, digital features and more. The highest-rated online banks and credit unions made this list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Best online bank for American Express customers: American Express National Bank Rating: 4 stars out of 5 4.7 Overview It may be best known for its credit cards, but American Express National Bank is also a bank that offers a savings account, checking account and CDs that earn high yields. There is a catch though — to open the checking account, you have to have an American Express credit card for at least 35 days. But once you do open an account, you’ll earn interest on your balance and rewards points for debit card purchases. Add Card Icon Why we like it Caret Down Icon No minimum balance requirements: Whether you’re opening a CD, a checking account or a savings account, there’s no required minimum deposit. No monthly fees: The savings and checking accounts don’t charge maintenance fees. 24/7 customer service: Bank representatives can be reached by phone around the clock. No minimum balance requirements: Whether you’re opening a CD, a checking account or a savings account, there’s no required minimum deposit. No monthly fees: The savings and checking accounts don’t charge maintenance fees. 24/7 customer service: Bank representatives can be reached by phone around the clock. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online bank for checking/savings combo: Bask Bank Rating: 4 stars out of 5 4.7 Overview Bask Bank, the online subsidiary of Texas Capital Bank, offers a handful of deposit accounts available nationwide. Bask’s Interest Checking account offers a competitive yield as far as checking accounts go. For those looking to save, you have a couple of options to choose from. Bask offers a solid APYs on its CDs, but terms only go from three months to two years. It also has two savings accounts: one that earns an ultra-competitive yield and the other earns American Airline miles. Add Card Icon Why we like it Caret Down Icon High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online credit union: Alliant Credit Union Rating: 4 stars out of 5 4.5 Overview Alliant Credit Union is easy for anyone to join despite its status as a credit union. The credit union offers the full suite of deposit products, including accounts for children and teens. Alliant’s yields generally range from solid to competitive. Accounts generally come without monthly fees, though some accounts stipulate that you must elect e-statements in order to waive the fee. Add Card Icon Why we like it Caret Down Icon Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online eco-friendly bank: Forbright Bank Rating: 4 stars out of 5 4.5 Overview Forbright Bank is a full-service bank with a mission centered on environmental sustainability, including clean energy financing. It prioritizes environmental responsibility in both its internal operations and lending practices, as the bank won’t finance fossil fuel extraction or infrastructure — with some caveats — according to Forbright’s 2023 Sustainability Report. In terms of deposit accounts, Forbright Bank’s online options are geared towards savings: a handful of CDs and one savings account. Add Card Icon Why we like it Caret Down Icon Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account, Money market account CDs, Savings account, Checking account, Money market account Pros and Cons of online banks Online banks have surged in popularity thanks to their low fees and high-yield savings options. But while they offer convenience and strong digital tools, they may fall short in areas where traditional banks still shine. Pros Checkmark IconHigher interest rates: Online banks tend to offer better APYs on deposit accounts compared to brick-and-mortar institutions. Checkmark IconLow or no fees: With fewer overhead costs to cover, many online banks eliminate common fees like monthly maintenance, minimum balance and overdraft fees. Checkmark IconEco-friendly operations: Many online banks operate with a smaller physical footprint, reducing their environmental impact. Cons Limited cash access: Depending on the account, depositing or withdrawing physical cash can be inconvenient and sometimes even impossible. Fewer banking services: Services like cashier’s checks or notary services may be harder to obtain, if they are available at all. No in-person support: Many online banks provide 24/7 support over chat or phone, but that sometimes may feel like a poor replacement for face-to-face customer service. Some online banks may even have limited customer support hours. Product gaps: Some online banks don’t offer the full range of deposit products, or other financial services like loans. Think beyond just the higher interest rates when choosing between online and brick-and-mortar banks. While online banks often win on rates and fees, traditional banks offer real human relationships that can be valuable if you need more personalized advice. In some cases, you may benefit from using both — keeping your savings at online banks to earn better interest, while keeping a local, brick-and-mortar bank account for everyday needs and those times when face-to-face conversations matter. Bankrate logo Hanna Horvath, certified financial planner and managing editor at Bankrate FAQs Are online banks safe? Caret Down Icon Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Are online banks FDIC insured? Caret Down Icon Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. What is the best online bank? Caret Down Icon There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. Meet our Bankrate experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Thomas Brock, CFA, CPA Expert Reviewer Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. We score these institutions based on their product offerings (savings, checking accounts, CDs and money market accounts), APYs, fees, minimum deposit requirements, funds access, digital features and more. The highest-rated online banks and credit unions made this list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Best online bank for checking/savings combo: Bask Bank Rating: 4 stars out of 5 4.7 Overview Bask Bank, the online subsidiary of Texas Capital Bank, offers a handful of deposit accounts available nationwide. Bask’s Interest Checking account offers a competitive yield as far as checking accounts go. For those looking to save, you have a couple of options to choose from. Bask offers a solid APYs on its CDs, but terms only go from three months to two years. It also has two savings accounts: one that earns an ultra-competitive yield and the other earns American Airline miles. Add Card Icon Why we like it Caret Down Icon High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. High yields and no fees: With Bask Bank, you can earn a competitive yield but ditch the monthly fees and minimum balance requirements. That even includes Bask’s checking account. Solid fee-free ATM network: Checking accountholders can access more than 55,000 Allpoint ATMs across the country. Unique savings account: Bask Bank’s Mileage Savings Account offers a unique perk: you earn two American Airlines AAdvantage miles for every $1 saved annually with this account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online credit union: Alliant Credit Union Rating: 4 stars out of 5 4.5 Overview Alliant Credit Union is easy for anyone to join despite its status as a credit union. The credit union offers the full suite of deposit products, including accounts for children and teens. Alliant’s yields generally range from solid to competitive. Accounts generally come without monthly fees, though some accounts stipulate that you must elect e-statements in order to waive the fee. Add Card Icon Why we like it Caret Down Icon Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online eco-friendly bank: Forbright Bank Rating: 4 stars out of 5 4.5 Overview Forbright Bank is a full-service bank with a mission centered on environmental sustainability, including clean energy financing. It prioritizes environmental responsibility in both its internal operations and lending practices, as the bank won’t finance fossil fuel extraction or infrastructure — with some caveats — according to Forbright’s 2023 Sustainability Report. In terms of deposit accounts, Forbright Bank’s online options are geared towards savings: a handful of CDs and one savings account. Add Card Icon Why we like it Caret Down Icon Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account, Money market account CDs, Savings account, Checking account, Money market account Pros and Cons of online banks Online banks have surged in popularity thanks to their low fees and high-yield savings options. But while they offer convenience and strong digital tools, they may fall short in areas where traditional banks still shine. Pros Checkmark IconHigher interest rates: Online banks tend to offer better APYs on deposit accounts compared to brick-and-mortar institutions. Checkmark IconLow or no fees: With fewer overhead costs to cover, many online banks eliminate common fees like monthly maintenance, minimum balance and overdraft fees. Checkmark IconEco-friendly operations: Many online banks operate with a smaller physical footprint, reducing their environmental impact. Cons Limited cash access: Depending on the account, depositing or withdrawing physical cash can be inconvenient and sometimes even impossible. Fewer banking services: Services like cashier’s checks or notary services may be harder to obtain, if they are available at all. No in-person support: Many online banks provide 24/7 support over chat or phone, but that sometimes may feel like a poor replacement for face-to-face customer service. Some online banks may even have limited customer support hours. Product gaps: Some online banks don’t offer the full range of deposit products, or other financial services like loans. Think beyond just the higher interest rates when choosing between online and brick-and-mortar banks. While online banks often win on rates and fees, traditional banks offer real human relationships that can be valuable if you need more personalized advice. In some cases, you may benefit from using both — keeping your savings at online banks to earn better interest, while keeping a local, brick-and-mortar bank account for everyday needs and those times when face-to-face conversations matter. Bankrate logo Hanna Horvath, certified financial planner and managing editor at Bankrate FAQs Are online banks safe? Caret Down Icon Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Are online banks FDIC insured? Caret Down Icon Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. What is the best online bank? Caret Down Icon There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. Meet our Bankrate experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Thomas Brock, CFA, CPA Expert Reviewer Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. We score these institutions based on their product offerings (savings, checking accounts, CDs and money market accounts), APYs, fees, minimum deposit requirements, funds access, digital features and more. The highest-rated online banks and credit unions made this list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Best online credit union: Alliant Credit Union Rating: 4 stars out of 5 4.5 Overview Alliant Credit Union is easy for anyone to join despite its status as a credit union. The credit union offers the full suite of deposit products, including accounts for children and teens. Alliant’s yields generally range from solid to competitive. Accounts generally come without monthly fees, though some accounts stipulate that you must elect e-statements in order to waive the fee. Add Card Icon Why we like it Caret Down Icon Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Accessible membership: Alliant Credit Union is easy to join. There are various paths to membership, including being a member of certain organizations or living or working in certain areas of Illinois. If you don’t meet any of those criteria, you can become an Alliant Credit Union Foundation digital inclusion advocate to qualify. Alliant will even pay the one-time $5 contribution required to join the foundation. Fee-free ATM access: Not only do checking accountholders have access to more than 80,000 fee-free ATMs nationwide, they also get up to $20 each month in ATM surcharge rebates. Accounts for minors: Alliant offers a checking account for teens aged 13-17 years old, and a savings account for children ages 12 and younger. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account CDs, Savings account, Checking account Best online eco-friendly bank: Forbright Bank Rating: 4 stars out of 5 4.5 Overview Forbright Bank is a full-service bank with a mission centered on environmental sustainability, including clean energy financing. It prioritizes environmental responsibility in both its internal operations and lending practices, as the bank won’t finance fossil fuel extraction or infrastructure — with some caveats — according to Forbright’s 2023 Sustainability Report. In terms of deposit accounts, Forbright Bank’s online options are geared towards savings: a handful of CDs and one savings account. Add Card Icon Why we like it Caret Down Icon Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account, Money market account CDs, Savings account, Checking account, Money market account Pros and Cons of online banks Online banks have surged in popularity thanks to their low fees and high-yield savings options. But while they offer convenience and strong digital tools, they may fall short in areas where traditional banks still shine. Pros Checkmark IconHigher interest rates: Online banks tend to offer better APYs on deposit accounts compared to brick-and-mortar institutions. Checkmark IconLow or no fees: With fewer overhead costs to cover, many online banks eliminate common fees like monthly maintenance, minimum balance and overdraft fees. Checkmark IconEco-friendly operations: Many online banks operate with a smaller physical footprint, reducing their environmental impact. Cons Limited cash access: Depending on the account, depositing or withdrawing physical cash can be inconvenient and sometimes even impossible. Fewer banking services: Services like cashier’s checks or notary services may be harder to obtain, if they are available at all. No in-person support: Many online banks provide 24/7 support over chat or phone, but that sometimes may feel like a poor replacement for face-to-face customer service. Some online banks may even have limited customer support hours. Product gaps: Some online banks don’t offer the full range of deposit products, or other financial services like loans. Think beyond just the higher interest rates when choosing between online and brick-and-mortar banks. While online banks often win on rates and fees, traditional banks offer real human relationships that can be valuable if you need more personalized advice. In some cases, you may benefit from using both — keeping your savings at online banks to earn better interest, while keeping a local, brick-and-mortar bank account for everyday needs and those times when face-to-face conversations matter. Bankrate logo Hanna Horvath, certified financial planner and managing editor at Bankrate FAQs Are online banks safe? Caret Down Icon Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Are online banks FDIC insured? Caret Down Icon Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. What is the best online bank? Caret Down Icon There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. Meet our Bankrate experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Thomas Brock, CFA, CPA Expert Reviewer Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. We score these institutions based on their product offerings (savings, checking accounts, CDs and money market accounts), APYs, fees, minimum deposit requirements, funds access, digital features and more. The highest-rated online banks and credit unions made this list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Best online eco-friendly bank: Forbright Bank Rating: 4 stars out of 5 4.5 Overview Forbright Bank is a full-service bank with a mission centered on environmental sustainability, including clean energy financing. It prioritizes environmental responsibility in both its internal operations and lending practices, as the bank won’t finance fossil fuel extraction or infrastructure — with some caveats — according to Forbright’s 2023 Sustainability Report. In terms of deposit accounts, Forbright Bank’s online options are geared towards savings: a handful of CDs and one savings account. Add Card Icon Why we like it Caret Down Icon Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Mission-driven banking: Forbright is committed to sustainability and is transparent about its environmental impact, setting it apart from traditional banks. Strong savings options: Yields are generally competitive at Forbright, and its savings account is highly accessible, coming without monthly fees or minimum opening requirements. While its CDs offer solid yields, you do need $1,000 to open and earn an APY. Checking and money market accounts, but only in-person: Both Forbright’s Bright Checking and Platinum Money Market accounts are available at branches. These accounts come with yields, though you’ll need a certain amount deposited before you start earning interest on the checking account. Bank With Search Icon Products Caret Down Icon CDs, Savings account, Checking account, Money market account CDs, Savings account, Checking account, Money market account Pros and Cons of online banks Online banks have surged in popularity thanks to their low fees and high-yield savings options. But while they offer convenience and strong digital tools, they may fall short in areas where traditional banks still shine. Pros Checkmark IconHigher interest rates: Online banks tend to offer better APYs on deposit accounts compared to brick-and-mortar institutions. Checkmark IconLow or no fees: With fewer overhead costs to cover, many online banks eliminate common fees like monthly maintenance, minimum balance and overdraft fees. Checkmark IconEco-friendly operations: Many online banks operate with a smaller physical footprint, reducing their environmental impact. Cons Limited cash access: Depending on the account, depositing or withdrawing physical cash can be inconvenient and sometimes even impossible. Fewer banking services: Services like cashier’s checks or notary services may be harder to obtain, if they are available at all. No in-person support: Many online banks provide 24/7 support over chat or phone, but that sometimes may feel like a poor replacement for face-to-face customer service. Some online banks may even have limited customer support hours. Product gaps: Some online banks don’t offer the full range of deposit products, or other financial services like loans. Think beyond just the higher interest rates when choosing between online and brick-and-mortar banks. While online banks often win on rates and fees, traditional banks offer real human relationships that can be valuable if you need more personalized advice. In some cases, you may benefit from using both — keeping your savings at online banks to earn better interest, while keeping a local, brick-and-mortar bank account for everyday needs and those times when face-to-face conversations matter. Bankrate logo Hanna Horvath, certified financial planner and managing editor at Bankrate FAQs Are online banks safe? Caret Down Icon Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Yes, online banks are generally just as safe as traditional banks, as long as they are FDIC-insured. From a cybersecurity standpoint, look for banks that use industry-standard encryption, multi-factor authentication in their login and secure websites to protect your information. Are online banks FDIC insured? Caret Down Icon Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. Most online banks are insured by the Federal Deposit Insurance Corp. (FDIC), which means your deposits are protected up to the limit allowed by law: $250,000 per depositor, per FDIC-insured bank, per ownership category. You can use the FDIC BankFind tool to check if a particular online bank you’re looking at is insured. What is the best online bank? Caret Down Icon There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. There is no one-size-fits-all. Whether an online bank is best for you depends on your specific financial situation. Some online banks offer the full suite of deposit products — CDs and checking, saving and money market accounts. Others focus on just one or two accounts, like high-yield savings. To find the right one, consider what products matter most to you, how often you need customer support (and in what form) and whether cash access is important. A few standout online banks include Ally Bank, Quontic Bank and Discover Bank. Meet our Bankrate experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Thomas Brock, CFA, CPA Expert Reviewer Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. We score these institutions based on their product offerings (savings, checking accounts, CDs and money market accounts), APYs, fees, minimum deposit requirements, funds access, digital features and more. The highest-rated online banks and credit unions made this list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank