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Top Online Banking Reviews

Opening a new bank account is an important choice that has to be made carefully. Delve into each online banking review to make the best choice.

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Best for Large Deposits

Jun. 29, 2025

8 min read

SoFi Checking and Savings

SoFi® is an online bank founded in 2011. It provides a variety of banking services, including credit cards, mortgages, investments, loans, and of course, bank accounts. SoFi Checking and Savings provides a competitive APY, and when you open this savings account, you automatically get a checking account too. The accounts are FDIC-insured, and you can access them at any time through the mobile app.

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May. 06, 2025

2 min read

American Express National Bank

American Express National Bank, Member FDIC, is one of the largest credit card companies in the US, offering excellent rewards and customer service for years. American Express online banking options are a great choice for anyone interested in an online-only banking experience. With a cutting-edge design, relatively high-interest rates, and no-fee banking, American Express has everything most users are looking for in an online banking platform.

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Sep. 10, 2024

3 min read

E*TRADE Premium Savings

E*TRADE is a brokerage firm founded in 1982 and acquired by Morgan Stanley in 2020. While the platform is best known for its trading products, it also offers a high-interest savings account through Morgan Stanley Private Bank. The account provides a 4.25% annual percentage yield (APY) with no minimum deposit or monthly fees. It’s a solid option for investors who use E*TRADE since you can instantly move money into an E*TRADE investment account.

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Western Alliance Bank High-Yield Savings Premier

Jul. 29, 2025

3 min read

Western Alliance Bank High-Yield Savings Premier

Western Alliance Bank is a Phoenix-based bank founded in 2003. Its High-Yield Savings Premier account offers 4.30%¹ annual percentage yield (APY) on deposits up to the maximum limit allowed of $250,000. You can open a new account with as little as $500. However, Western Alliance Bank has no branch access for this account type and doesn’t offer ATMs. So, it’s best for individuals who want to earn the best interest rate on their savings.

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Jul. 28, 2025

3 min read

Select Savings from Barclays

AARP by Barclays offers a high-yield online savings account tailored to AARP members. With no monthly fees, no minimum balance, a consistently high APY, and a $200 bonus for qualifying deposits, this FDIC-insured savings account suits older savers looking for secure and efficient digital banking.

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Feb. 03, 2025

3 min read

Marcus

Marcus is an online bank from Goldman Sachs, one of the biggest names in financial services. Marcus by Goldman Sachs specializes in 2 things: high-yield savings products and CDs, and personal loans. It doesn’t offer checking accounts or any day-to-day banking services such as debit cards or wire transfers.

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Discover® High Yield Online Savings Account

Jun. 27, 2025

4 min read

Discover® High Yield Online Savings Account

Discover® is a trusted name for finance solutions and known for being a top credit card issuer. The company is also a leading online bank and we were curious to see if Discover could do as well with online saving accounts as it has with its other finance products. What we found were good interest rates, a useful mobile app, and no fees. Here’s what else we learned.

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Feb. 04, 2025

4 min read

NexBank High-Yield Savings Account

Raisin is a marketplace that helps you find the best rates for a certificate of deposit (CD) account, savings account, or money market account. The company connects you with accounts that you may not otherwise be able to access, like minority-owned and community-driven institutions. With NexBank powered by Raisin, you’ll earn higher rates than you would if you signed up directly through one of the company’s partner banks.

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Aug. 11, 2025

3 min read

Capital One

Founded in 1994, Capital One offers banking, credit card, auto loan, and investing services. Capital One 360 CD accounts are available in terms ranging from six months to five years. You can open an account online in less than five minutes, and there’s no minimum deposit requirement. With Capital One 360, you can choose how and when you get your interest, and you can track your account on the go with the Capital One mobile app.

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Jul. 29, 2025

2 min read

Openbank High Yield Savings Account

Openbank, established in 1995 as a subsidiary of Santander Bank, is a digital bank. Its High Yield Savings Account is available in all 50 states and Washington, D.C.. It offers a competitive APY and charges no monthly or transaction fees, but it does require a $500 minimum opening deposit.

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