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Synchrony is an online platform for high-yield savings accounts, CDs, IRA CDs, and credit cards. It offers some of the best APYs. Any American aged 18+ can open a Synchrony savings account or CD online with photo ID, a Social Security number, and a few other basic financial details.
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 comes with no fees. 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.
Chime* is an award-winning financial app and debit card. Rest easy knowing your funds are FDIC-insured² through Chime's banking partners The Bancorp Bank and Stride Bank, N.A.. With simple online and mobile interfaces managing money virtually is easy. *Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.
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 Western Alliance powered by Raisin, you’ll earn higher rates than you would if you signed up directly through one of the company’s partner banks.
Citi is the online and mobile banking platform from Citigroup, one of the “Big Four” banks in the United States. Citi offers most of the same products and services found at thousands of Citi branches in the U.S., along with a stack of dedicated online features. With basic and premium checking accounts, Citi appeals to a broad audience of online banking customers.
Discover® has been in operation since 1985, and digital in some form since 1995. Its Certificate of Deposit (CD) account lets you grow your money by locking in a high-interest rate for a fixed term of between 3 months and 10 years. Its rates are very competitive compared to other traditional banks. It also has 24/7 support and great security, so if you’re looking for an effective way to save in the longer term, Discover CD is well worth a look.
PNC Bank, member FDIC, was founded in 1845 and is now the seventh-largest US bank. It offers an online banking service called Virtual Wallet, which includes two checking accounts and a savings account. With Virtual Wallet, there’s no minimum deposit to open an account. If you make $5,000 worth of direct deposits within the first 60 days of opening your account, you’ll receive up to $400 cash bonus*.
Varo Bank, N.A. is a hybrid online/mobile bank. Its Varo Bank Account comes with the promise of no monthly account maintenance fees and its Varo Savings Account has attractive annual percentage yields (APYs). Varo Bank offers significant advantages over online and brick-and-mortar banks: namely, no minimum balance to open an account; and the option of having your paycheck deposited up to two days early.