If you are looking to open an online savings account, it's important to do your research. You need an account with the highest interest rate - around 1 percent - minimal or no fees or balance restrictions, FDIC insurance and a good consumer service rating for the associated bank. Here are some of the best online accounts accessible. Just remember when you are looking at these accounts and their interest rates, they aren't necessarily worse than a physical bank that doesn't offer an online option.
Go to Ally bank
With no minimum balance needed a 24/7 customer service department that has a really good reputation, Ally Bank might be the very best place to go for your savings needs. Customers can get CDs and IRAs if they would like to through the bank as well. There are virtually no fees, and the website is really simple to use.
Best online accounts No. 2 - CIT
With CIT, you can get 0.90 percent APY on a balance under $25,000 and 1.05 percent on balances above that. There are no charges with the account except the $100 minimum balance requirement. The bank is a Small business administration Preferred Lender and does have customer service accessible.
Try out American Express Personal Savings for an account
Through American Express Bank, FSB, this bank account has an APY of 0.90 percent currently. The bank offers full 24/7 service, and there are no charges or minimums.
Choose Discover too
Another bank better known for its charge cards, the Discover savings account has a yield of 0.80 percent. A minimum balance of $500 is required to open the account, but after that, no minimum is needed and there are no monthly charges. Service is 24/7 via all common communication methods.
Best online accounts No. 5 - EverBank
For serious savers, the EverBank Yield Pledge Money Industry has a very high 1.25 percent introductory rate on balances of $50,000 or less. Over the first year, the APY still sits high at 1.01 percent. The entry amount is $1,500, the bank's site is intuitive and numerous other savings products are available. There are many more options available for only accounts, and some may offer better deals than these listed. If you spend a little time doing a little research you will find out that your money can sometimes work for you. You now have read about our top accounts, the only question left is, what account will you choose? Visit us and let us know what account you chose and why.
Go to Ally bank
With no minimum balance needed a 24/7 customer service department that has a really good reputation, Ally Bank might be the very best place to go for your savings needs. Customers can get CDs and IRAs if they would like to through the bank as well. There are virtually no fees, and the website is really simple to use.
Best online accounts No. 2 - CIT
With CIT, you can get 0.90 percent APY on a balance under $25,000 and 1.05 percent on balances above that. There are no charges with the account except the $100 minimum balance requirement. The bank is a Small business administration Preferred Lender and does have customer service accessible.
Try out American Express Personal Savings for an account
Through American Express Bank, FSB, this bank account has an APY of 0.90 percent currently. The bank offers full 24/7 service, and there are no charges or minimums.
Choose Discover too
Another bank better known for its charge cards, the Discover savings account has a yield of 0.80 percent. A minimum balance of $500 is required to open the account, but after that, no minimum is needed and there are no monthly charges. Service is 24/7 via all common communication methods.
Best online accounts No. 5 - EverBank
For serious savers, the EverBank Yield Pledge Money Industry has a very high 1.25 percent introductory rate on balances of $50,000 or less. Over the first year, the APY still sits high at 1.01 percent. The entry amount is $1,500, the bank's site is intuitive and numerous other savings products are available. There are many more options available for only accounts, and some may offer better deals than these listed. If you spend a little time doing a little research you will find out that your money can sometimes work for you. You now have read about our top accounts, the only question left is, what account will you choose? Visit us and let us know what account you chose and why.
