The Best Online Banks (2024) for savings and checking

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The best online banks have a good mix of high annual percentage yields (APYs), low fees, and acceptable minimum requirements. Because they often don’t have branches or only have a few physical sites, these institutions tend to offer easy-to-use online and mobile banking, as well as helpful and easy-to-reach customer service.

We looked at the products and services of 60 online banks that are available across the country to find some of the best choices. See below to find out why we chose each bank, what its pros and cons are, and how to read reviews of each bank. You should also get good rates on savings accounts, a wide range of products, safe online banking and mobile apps that are easy to use and come with extras like budgeting and savings tools.

Best Online Banks Comparison Table

Bank	Account Types	Mobile Banking	Online Banking	ATM Access	Customer Support	Additional Benefits	Minimum Deposit	FDIC Insured
Quontic Bank	Checking, Savings	Yes	Yes	Free access to 90,000+ ATMs	Phone, email, live chat	Cashback rewards, personal loans	Varies	Yes
Discover Bank	Checking, Savings, CDs	Yes	Yes	Over 60,000 fee-free ATMs	Phone, email, live chat, in-person	Cashback rewards, personal loans	No minimum	Yes
Ally Bank	Checking, Savings, CDs	Yes	Yes	Fee-free access to 43,000+ ATMs nationwide	Phone, email, live chat	Cashback rewards, personal loans	No minimum	Yes
Synchrony Bank	Savings, CDs	Yes	Yes	Fee-free access to 2 million+ ATMs worldwide	Phone, email, live chat	ATM fee reimbursements, digital wallets	Varies	Yes
PNC Bank	Checking, Savings	Yes	Yes	PNC Bank ATMs and other network ATMs	Phone, email, in-person	Virtual Wallet tools, personal loans	Varies	Yes

Quontic Bank

Feature	Details
Account Types	Checking accounts, savings accounts
Mobile Banking	Yes
Online Banking	Yes
ATM Access	Free access to 90,000+ ATMs
Interest Rates	Competitive rates
Customer Support	Phone, email, live chat
Additional Benefits	Cashback rewards program, personal loans
Minimum Deposit	Varies by account type
FDIC Insured	Yes

Quontic is one of the Best Online Banks and has competitive APYs, low minimum deposit requirements, low fees, and access to more than 90,000 ATMs in the U.S. that don’t charge an extra. As a Quontic user, you get everything you might expect from a digital bank, like online banking that’s available 24/7 and a mobile app. Quontic has some standard banking products like High Interest Checking, High Yield Savings, Money Market Accounts, and Certificates of Deposit (CDs).

It also has a couple of new accounts that aren’t offered by most banks. The bank has a Cash Rewards Checking account that gives up to 1.50 percent cash back on debit card purchases that meet certain criteria each statement period. And in some states, Quontic has a Bitcoin Rewards Checking account that pays 1.50% Bitcoin on purchases made with a debit card that are qualified. You can reach customer help by live chat, email, or phone.

Discover Bank

Feature	Details
Account Types	Checking accounts, savings accounts, CDs
Mobile Banking	Yes
Online Banking	Yes
ATM Access	Over 60,000 fee-free ATMs
Interest Rates	Competitive rates
Customer Support	Phone, email, live chat, in-person (limited locations)
Additional Benefits	Cashback rewards program, personal loans
Minimum Deposit	No minimum deposit for most accounts
FDIC Insured	Yes

Discover Bank, Best Online Banks charges the least amount of fees possible. It doesn’t charge regular maintenance fees, fees for not having enough money in the account, or fees for using ATMs outside of its network. Stop-payment orders, returned things, and too many withdrawals don’t cost anything either. On up to $3,000 in debit card purchases that qualify each month, the bank’s savings account gives 1% cash back.

And people can use a large network of ATMs. Discover has a number of other banking goods and services in addition to the savings account. Discover also has mobile banking, and both the App Store and Google Play give the app good marks. Customer help is open 24 hours a day, 365 days a year.

Ally Bank

Feature	Details
Account Types	Checking accounts, savings accounts, CDs
Mobile Banking	Yes
Online Banking	Yes
ATM Access	Fee-free access to 43,000+ ATMs nationwide
Interest Rates	Competitive rates
Customer Support	Phone, email, live chat
Additional Benefits	Cashback rewards program, personal loans
Minimum Deposit	No minimum deposit for most accounts
FDIC Insured	Yes

Ally Bank has a little bit of everything and does everything well, which is why it is the best online bank. The annual percentage yield (APY) on both checking and savings accounts is well above the market average. The rates on CDs and money market accounts are also very good.

Ally Bank offers a wide range of investment and lending options in addition to checking and savings accounts, which is unusual for online banks. Among these are managed investment portfolios, individual retirement accounts (IRAs), trading, mortgage loans, mortgage refinancing, car loans, and personal loans.

Synchrony Bank

Feature	Details
Account Types	Savings accounts, CDs
Mobile Banking	Yes
Online Banking	Yes
ATM Access	Fee-free access to 2 million+ ATMs worldwide
Interest Rates	Competitive rates
Customer Support	Phone, email, live chat
Additional Benefits	ATM fee reimbursements, digital wallets
Minimum Deposit	Varies by account type
FDIC Insured	Yes

The best savings account goes to Synchrony Bank’s High Yield Savings account, which always has one of the highest APYs and doesn’t charge monthly fees or require a minimum amount. The app is easy to use and lets you pay checks from your phone.

With your Synchrony savings account, you’ll also get an ATM card so you can easily get to your money. In addition to free ATMs in your network, Synchrony will refund you up to $5 per statement for ATM fees at ATMs outside of your network. Because it has a network of ATMs, you can also fund your account through direct deposits, internet transfers, and mobile deposits.

PNC Bank

Feature	Details
Account Types	Checking accounts, savings accounts
Mobile Banking	Yes
Online Banking	Yes
ATM Access	PNC Bank ATMs and other network ATMs
Interest Rates	Competitive rates
Customer Support	Phone, email, in-person (branch locations)
Additional Benefits	Virtual Wallet® tools, personal loans
Minimum Deposit	Varies by account type
FDIC Insured	Yes

The PNC Bank can be found in certain localities around the United States, including the West Coast, the South, the Midwest, and the Northeast. They offer a wide variety of different deposit alternatives to choose from. Although the bank does offer rates that are competitive for customers who reside in certain states, the yields that are given to customers who live in other states are below the national average.

This is despite the fact that the bank does offer rates that are competitive for customers who live in certain states. The mobile application that the bank makes available to its customers has been praised by users and has functions that make it easier to manage one’s finances.

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