10 Best Online Bank Accounts Worth Your Money
Choosing a bank is a big deal, whether you need a checking account, savings account, or CD. You don’t have to stick with just one bank. Shop around and you might find a better fit. Look for a solid mobile app, a decent ATM network, and competitive interest rates. We rounded up 10 online banks based on fees, customer experience, and how they handle social and environmental stuff. Here are the best banking partners out there.
Quontic Bank is a New York-based digital bank founded in 2009. It offers checking and savings accounts, CDs, and access to 91,000 fee-free ATMs. Its high-interest checking and rewards accounts are solid, and the Pay Ring for easy payments is a neat touch. The high-yield savings account compounds interest daily and has a low minimum deposit. Quontic also has various mortgage options, including traditional and non-traditional loans. Customer service is available by phone, email, and chat.
American Express is known for credit cards, but it also has high-yield savings accounts with no minimum balance, fee-free CDs, and a rewards checking account for cardholders. Amex aims to reach net-zero emissions by 2035 and offers security features like multi-factor authentication and fraud protection. It also has personal loans and business solutions.
Axos Bank, founded in 2000, is a digital bank that covers banking, lending, and investing. It offers online wire transfers, biometric ID, and mobile deposits. Axos has no-fee account options and over 91,000 fee-free ATMs. Checking accounts have zero monthly fees, savings accounts have no minimum balance, and mortgage and personal loan rates are competitive.
Upgrade is a fintech company founded in 2016 and based in San Francisco. Its Rewards Checking Plus account has no monthly fees. The big draw is cash back: up to 2% on some debit card purchases (up to $500 per year) and 1% on everything else. No minimum deposit required.
SoFi was founded in 2011 by Stanford business students and now serves over 6.9 million customers. It offers loans, investing, and insurance, plus a no-fee banking model. You can earn up to a $300 bonus with qualifying direct deposits and get 3.80% APY on savings. No account or overdraft fees, early paycheck access, and extra FDIC coverage up to $3 million. The financial insights dashboard makes budgeting and credit monitoring easy.
Discover Bank has been around since 1986 and is known for low fees and strong security. The Cashback Debit account has no monthly fees or overdraft charges and gives 1% cash back on up to $3,000 in monthly purchases. There’s also a high-yield savings account, flexible CDs, and a Money Market account. Security features include alerts for suspicious activity and a $0 fraud liability guarantee.
Chime is a financial app and debit card that offers FDIC-insured funds through partner banks. It has a user-friendly interface for managing money. Key features: get paid up to two days early with direct deposit, fee-free overdraft up to $200 with SpotMe, and access to over 50,000 fee-free ATMs. No minimum balance or monthly fees, and automatic savings features help you grow your money.
CapitalOne has been in the credit card game for over 25 years and now offers a full suite of banking products. The CreditWise tool gives personalized credit monitoring. The mobile app is highly rated and the website is easy to use. The ATM network is smaller than some (over 70,000 ATMs) and they don’t reimburse out-of-network fees. Offerings include credit cards, interest-earning checking and savings, CDs, and auto loans. New customers can earn a $250 bonus by opening a 360 Checking account with no fees or minimums.
OnePay is a fintech company that offers an online checking account in partnership with Coastal Community Bank. You can get 3.75% APY if you have at least $500 in monthly direct deposits, earlier paydays, and 3% cash back at Walmart (up to $150 monthly). The app is well rated on iOS and Android. No monthly fees, no minimum balance, and fee-free withdrawals at Walmart locations.
Ally Bank is based in Utah and offers a full range of personal banking and investment services. It has fee-free checking and high-yield savings accounts with competitive rates, plus access to over 75,000 ATMs and reimbursement for out-of-network fees. Customer support is available 24/7. The Spending account allows early paycheck access. Ally also offers mortgages, personal loans, credit cards with cash-back rewards, and investment accounts.
