Best Online Banks
The best Online banking offers customers almost every service traditionally available through a local branch including deposits, transfers, and online bill payments.
Online banks typically offer lower fees and higher APYs than traditional banks. The best online bank is one that meets your financial needs, whether that’s a single savings account or a full-service bank.
When shopping for the best banking relationship for you and your family, keep in mind what you need most from an online bank.
We compared several online banks that have attractive offerings at a very low cost.
Rate Watchers Top Picks
Select the Best Online Bank to suite Your Needs!
Bank
RateWatchers Rating
APY
Monthly Fee
Learn More
4.5/5
1.01%
$0
Read Review
4.5/5
1.01%
$0
Read Review
4.5/5
1.01%
$0
Learn More
4.5/5
1.01%
$0
Learn More
4.5/5
1.01%
$0
Learn More
4.5/5
1.01%
$0
Discover
4.5/5
1.01%
$0
Benefits of Online Checking
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Low fees. Online checking accounts routinely charge lower fees than traditional banks. Many offer business accounts with little to no maintenance fees.
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24/7 access. With online banking, you can access your account securely day or night.
- Backed by FinTech. Many Online banks are built and backed by financial technology companies. There is an emphasis on user experience. Online providers typically have well-designed websites and mobile apps for doing your banking, including tasks such as depositing checks and paying bills.
