Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.

Many of us grew up making the journey to a brick-and-mortar bank to hand a paper check to a teller. But now, with online banks, you can bank without leaving your home.

Unlike brick-and-mortar banks, online banks may not even have physical locations, but they offer all the standard benefits like savings tools and even early direct deposit.

The Best Online Banks

Ally High Yield Savings Account – Product Name Only
Capital One 360 Performance Savings – Product Name Only
Discover Online Savings Account – Product Name Only
LendingClub High-Yield Savings Account – Product Name Only
SoFi Checking and Savings – Product Name Only

Below, you’ll find our best online bank picks right now. We know “best” means something different for everyone, so we’ve listed each bank’s strengths, as well as its limitations. These online banks have stayed as our top picks for the last few months because they continue to stand out for minimal fees, variety of bank account options, and unique features.

 
The Best Online Banks
Our Expert Panel for the Best Online Banks

To learn more about what makes a good online bank and how to choose the best fit, four experts weighed in:

Insider

We’re focusing on what will make an online bank most useful, including customer service, fees, rates, and more. Here’s what they had to say about banking online. (Some text may be lightly edited for clarity.)

How can someone determine whether a bank is the right fit for them?

Tania Brown, certified financial planner at SaverLife:

“Obviously, you want to make sure it’s …read more

Source:: Businessinsider