Find the best bank for you!
What type of banking customer are you? Are you looking for convenience, are you looking for personalized service, or are you just looking for the best banking rates you can find? Regardless of why type of customer you are, you are probably going to need a bank – so you might as well find a good one! It is just part of the digital world that we live in today.
After working in the banking and brokerage industry for most of my career, I discovered that not all banks are created equal. In fact, there are often huge differences from one bank to the next. Even though online banking is nothing new, there are many folks who are still discovering that they can often get much better banking rates than at a traditional brick-and-mortar bank.
Good Options For Online Savings Accounts
The rates listed were current when published, please check the website of the bank for most current rates.
| Name | Int. Rate | Min Bal | Notes | ||
| SmartyPig | 2.15% APY | $25 | Account requires monthly contribution of at least $10. | ||
| ING Direct | 1.10% APY | $1 | No miniums or monthly fees. Find out more here. | ||
| Virtual Bank | 0.75% APY | $1 | They offer a $20 bonus for new customers opening an account with at least $100. Find out more here. | ||
| WT Direct | 1.16% APY | $1 | The rate functions as an intro rate for 2 months unless you maintain a $10K minimum balance. | ||
| Everbank | 1.77% APY | $1500 | 3-month bonus rate of 2.51%. Monthly fee of $8.95 for balances less than $5000 | ||
| HSBC | 1.10% APY | $1 | No fees or account minimums | ||
| ALLY | 1.29% APY | $1 | No fees or account minimums. First 50 checks are free. | ||
Below are a few articles about banking that you might be interested in…
- Best interest rates on savings accounts
- How I organize my bank accounts
- New bank overdraft fee laws
- Why I generally like credit unions over banks
- Where should you open an online bank account?
- How to handle overdrawing your checking account
- How to use ING Direct to budget
- Virtual Bank Account Comparison
