One More Step: Click "Allow" Above

After you click "Allow", you will have access to subscriber only alerts of new high rates & bank deals.

Boost Your Savings with an Online Bank

Award winning banks with nation leading rates. We regularly gather rates from over 4,800 banks and credit unions in every major market in the USA to give you the best choice of rates. All CDs, Savings, and MMAS on our site are insured by the FDIC (banks) or the NCUA (credit unions). Look for the best rate without any monthly fees and make sure you can meet the minimum balance requirements.

Rates 20X Average

24/7 Access to Funds

Keep Your Local Bank

E*TRADE Bank

Learn More

1.90%APY

Type: Savings
To open: $100
Check writing: No
No fees if bal. over $1,000
Otherwise $10/mo

Type: Savings
To open: $100
Check writing: No
No fees if bal. over $1,000
Otherwise $10/mo

Offer Details + -

Account Details

Type: Savings
Rate: 1.88%
To open: $100
Check writing: No
No fees if bal. over $1,000
Otherwise $10/mo
Updated: 10/18/18

Comments

Make the most of your savings - higher rates & a whole lot more!

Financial Stability

Capital One 360

Learn More

1.85%APY

Type: Money Market
To open: $10,000
Check writing: No
No Monthly Fees

Type: Money Market
To open: $10,000
Check writing: No
No Monthly Fees

Offer Details + -

Account Details

Type: MMA
Rate: 1.83%
To open: $10,000
Check writing: No
No Monthly Fees
Updated: 10/18/18

Comments

One of the Nation's Top Savings Rates - No Fees

Financial Stability

Get Notified of Rate Boosts & Bank Bonuses (No Email Required)

Be the first to know when rates go up or banks offer cash bonuses.

Allow Notifications

– Load More Results –

Sponsored Listings Disclosure: Rates are accurate and available as of the date specified for Bankrate customers. Rates may change without notice and may vary branch to branch. Identify yourself as a Bankrate costumer to get the Bankrate.com rate. Quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their web site. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit Union deposits are insured by the National Credit Union Administration. If you believe you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please let us know.

Rates Powered by:

The national average calculations were obtained from the Weekly National Rates published by the FDIC.gov website.

Frequently Asked Questions

What interest rates do my local banks and credit unions pay on savings?

The national average for savings accounts is currently 0.08% (obtained from the FDIC.gov website). Many local credit unions and banks pay less than 0.10%. Many of them pay only 0.01%. Wouldn't you rather earn 18 times more interest than the average by taking 10 minutes to open up a new high yield savings account?

What exactly is an online bank?

Online banks are exactly the same as your local banks and credit unions, however they don't have tens, hundreds, or even thousands of locations around the country. This means they don't need to spend the money to keep up buildings, landscapes, parking lots, lots of employees and equipment, etc. This allows online banks to pay a much higher interest rate to their depositors. Online banks are just as safe and secure as your local banks and credit unions. You access all your account information- including making transfers and deposits- through your computer and/or smart phone. Many of the banks also have an app that allows you to take a photo of a check and deposit it into your checking or savings account.

Online Banks Worth the Convenience?

Yes! You can access all your account information easily through a safe and secure website and/or phone app (depending on the bank). Just connect your current bank with your new high yield online account and start earning 12 times more interest than the national average today! Many online savings accounts also allow you to use certain ATM's at no charge or reimburse you for a certain number of ATM withdrawals per month.

How do I deposit funds into an online bank?

It depends on the bank but most offer the ability to make deposits in the following ways:

Online Transfer (ACH) - You first need to link your current checking/savings account to your online bank account.
Mobile Deposit - Use the bank's app to take a photo of your check and submit it securely.
Wire Transfer
Check by Mail

Are these online banks safe? What does FDIC or NCUA mean?

All the banks or credit unions we advertise are FDIC or NCUA insured- meaning your money is backed by the Federal Deposit Insurance Corporation of the United States Government up to $250,000 per depositor per bank for each ownership category. The FDIC sells insurance policies to banks which then insures the savings accounts, checking accounts, certain retirement accounts, trust accounts, and several other types of accounts against bank failure. The FDIC does not cover investment accounts such as mutual funds, life insurance, stocks, bonds, and annuities. NCUA stands for the National Credit union Administration and it is an independent federal agency backed by the full faith and credit of the U.S. government. The NCUA insures savings accounts, checking accounts, certificates of deposit and money market accounts up to $250,000 (the same as the FDIC).

Do I have to close my current bank account?

No! It is actually very convenient to have a local bank you can go into to get cash, deposit checks, get cashiers checks etc. However, most local banks provide VERY LOW interest rates (0.01%- 0.08%). There's no reason for you to leave your savings sitting in account that makes almost zero interest. You can easily connect your existing local bank account with an online high yield savings or cd account and transfer your savings in just a few minutes and watch the interest $$ accumulate each month.