I TAKE CARE OF ME: The Saving Section
If you're looking for top-notch financial services and peace of mind, these banks have got you covered. We've curated a selection of our favorite online-only banks that offer a range of features to meet your needs. Whether you're interested in robust online banking platforms, competitive interest rates, or convenient mobile apps, you'll find it all here.
Why choose an online-only bank? Firstly, these banks operate solely online, meaning they have lower overhead costs than traditional brick-and-mortar banks. This often translates to better interest rates, lower fees, and more competitive loan options for their customers. Secondly, online-only banks are known for their user-friendly interfaces and intuitive mobile apps, making banking on-the-go a breeze. Lastly, these banks are fully chartered, ensuring rigorous regulatory standards protect your deposits.
Up to 4.60% APY with $250 deposit (5 stars on Bankrate)
Large, free, nationwide ATM network with no fees
No account fees, maintenance, or overdraft fees.
Est. Earnings can be up to $1,150 in one year
Best for: Those who want to earn high interest and don’t mind using customer service online or by phone instead of at bank branches
Up to 4.40% APY with $0 balance min (4.1 stars on Bankrate)
One of the more competitive rates with few fees
No fees for wire transfers, monthly maintenance or overdraft
Best for customers who want to earn competitive savings rates because it rewards savers with higher-than-average rates.
Up to 4.30% APY with $1 deposit min (4.5 stars on Bankrate)
Est. Earnings $1,075 over 1 year of membership
24/7 Customer Service, Low Min Deposit, no monthly fees
Best for: AmEx Credit card holders who’d prefer a one stop shop to manage all investments and online savings, checkings, and certificate of deposite accounts.
Up to 4.25% APY with $0 balance min (4.4 stars on Bankrate)
No overdraft fees, out-of-network ATM fees, or monthly fees
Allows 10 certain transfers and withdrawals from your Ally Bank savings account per your statement cycle (some limits apply)
Best for those who are comfortable with online-only banking yet want access to loans. The account is online only and doesn't include an ATM card, you’ll have to do an online/phone/wire transfer or request a check to access your funds.