If you're seeking to open an online savings account, it's important to do your research. You need an account with the highest interest rate - around 1 percent - minimal or no charges or balance limitations, FDIC insurance and a good consumer service rating for the accompanying bank. Here are some of the best online savings accounts available. Just remember when you are looking at these accounts and their interest rates, they aren't necessarily worse than a physical bank that doesn't offer an online option.
Ally a really great choice
Ally Bank has a really great consumer service reputation and is simple to use online. Individuals can get high-yield CDs and IRAs through the company if interested, and there are virtually no service charges. The savings account gets a 0.95 percent annual increase with no minimum balance required.
Try out CIT
With CIT, you can get 0.90 percent APY on a balance under $25,000 and 1.05 percent on balances above that. There are no charges with the account except the $100 minimum balance requirement. The bank is a Small business administration Preferred Lender and does have consumer service accessible.
Try out American Express Personal Savings for a savings account
A bank account at American Express Bank gets 0.90 percent interest with no charges or minimum requirement. The bank also offers service 24/7.
Choose Discover too
If you need an account at Discover, you will need $500 to open it. After that, you do not need a minimum balance and there are no monthly fees though. It also has 24/7 service and gives you a 0.80 percent APY.
Best online accounts No. 5 - EverBank
APY is at 1.01 percent at the EverBank Yield Pledge Money Market account, and it goes up to 1.25 percent for over $50,000. There is a lot you can get from the bank's website, though you need $1,500 to get started. There are many more options available for only accounts, and some may offer better deals than these listed. If you spend a little time doing a little research you will find out that your money can sometimes work for you. You now have read about our top accounts, the only question left is, what account will you choose? Visit us and let us know what account you chose and why.
Ally a really great choice
Ally Bank has a really great consumer service reputation and is simple to use online. Individuals can get high-yield CDs and IRAs through the company if interested, and there are virtually no service charges. The savings account gets a 0.95 percent annual increase with no minimum balance required.
Try out CIT
With CIT, you can get 0.90 percent APY on a balance under $25,000 and 1.05 percent on balances above that. There are no charges with the account except the $100 minimum balance requirement. The bank is a Small business administration Preferred Lender and does have consumer service accessible.
Try out American Express Personal Savings for a savings account
A bank account at American Express Bank gets 0.90 percent interest with no charges or minimum requirement. The bank also offers service 24/7.
Choose Discover too
If you need an account at Discover, you will need $500 to open it. After that, you do not need a minimum balance and there are no monthly fees though. It also has 24/7 service and gives you a 0.80 percent APY.
Best online accounts No. 5 - EverBank
APY is at 1.01 percent at the EverBank Yield Pledge Money Market account, and it goes up to 1.25 percent for over $50,000. There is a lot you can get from the bank's website, though you need $1,500 to get started. There are many more options available for only accounts, and some may offer better deals than these listed. If you spend a little time doing a little research you will find out that your money can sometimes work for you. You now have read about our top accounts, the only question left is, what account will you choose? Visit us and let us know what account you chose and why.
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