Best Online Banks

Bank of the Internet USA

The Bank of the Internet USA gives its customers plenty of options. In minutes, they can complete online applications and fund checking, savings, individual retirement accounts (IRA), and CD accounts. Interest-bearing checking accounts aren't just for the wealthy at the Bank of the Internet USA. Checking account users with monthly direct deposits of one thousand dollars or more and at least fifteen transactions per month earn a 1.25 percent annual percentage yield (APY). There are also no monthly service fees or fees for falling below a minimum balance. The bank also provides unlimited domestic ATM reimbursement, so interest payments won't be counterbalanced by fees.

This bank offers several other checking account options, such as the cash-back checking account, which big shoppers love. This unique concept pays one percent cash-back on all Bank of the Internet debit card purchases. The bank offers many checking, savings, and CD options tailored for different demographics, such as people over fifty-five and young people opening their first accounts.There's something for everyone with this online bank!