10 Best Online Banks of 2024
Ally Bank: Ally Bank consistently ranks among the top online banks, offering high-yield savings accounts, interest-bearing checking accounts, and competitive CD rates. With no monthly maintenance fees and a user-friendly online platform, Ally Bank provides a comprehensive suite of banking services.
Chime: Chime has gained popularity for its fee-free banking model, early direct deposit feature, and innovative financial tools. Chime offers a spending account with a Visa debit card, a high-yield savings account, and automatic savings features to help customers achieve their financial goals.
Varo Bank: Varo Bank is known for its mobile-first approach to banking, providing customers with easy-to-use mobile apps and features such as early direct deposit, no-fee overdraft protection, and high-yield savings accounts. Varo Bank aims to empower customers to take control of their finances and build healthy financial habits.
Simple: Simple, now a part of BBVA USA, offers a straightforward banking experience with features designed to help customers save and budget effectively. Simple's online checking accounts come with built-in budgeting tools, goal-setting features, and real-time transaction notifications to keep customers informed about their spending habits.
Marcus by Goldman Sachs: Marcus by Goldman Sachs is known for its competitive interest rates on savings accounts, CDs, and personal loans. With no minimum deposit requirements and no fees, Marcus offers simplicity and transparency to customers seeking to grow their savings.
Discover Bank: Discover Bank's online banking platform offers a range of financial products, including high-yield savings accounts, CDs, and cashback checking accounts. Discover's customer-friendly approach, competitive rates, and 24/7 customer service make it a top choice for online banking customers.
CIT Bank: CIT Bank is a leading provider of online banking services, offering high-yield savings accounts, CDs, and money market accounts. With competitive interest rates and no monthly fees, CIT Bank provides customers with opportunities to maximize their savings.
Synchrony Bank: Synchrony Bank is known for its high-yield savings accounts and CDs, offering competitive rates and no minimum deposit requirements. With a user-friendly online platform and mobile app, Synchrony Bank makes it easy for customers to manage their savings and achieve their financial goals.
Axos Bank: Axos Bank offers a range of online banking products, including checking accounts, savings accounts, CDs, and mortgages. With features such as early direct deposit, fee-free checking accounts, and competitive rates, Axos Bank caters to customers seeking a comprehensive online banking experience.
Wealthfront Cash Account: Wealthfront's Cash Account offers high-interest savings with no fees and unlimited free transfers. This account is part of Wealthfront's broader suite of financial products, including investment accounts and financial planning services, making it a comprehensive option for customers looking to manage their finances holistically.
These online banks represent some of the top choices for individuals seeking convenient, cost-effective, and innovative banking solutions in 2024. However, it's essential to research and compare the features, rates, and terms of each bank to find the best fit for your financial needs and goals.