Ally Bank is a US online bank offering checking, savings, CDs, and money market accounts with no monthly fees. Ally Bank is FDIC-insured.
Best Online Banks (2026)
Online banks skip the branch network and pass the savings to you as higher yields and lower fees — but the gap between the best and the rest is wide, and the headline rate is never the whole story. We track 28 online banks and banking products, comparing savings APYs, checking features, monthly fees, and minimums. APYs move with the rate environment, so treat any yield figure as a snapshot dated to its retrieval and check the live rate before moving money; a bank that led the tables last quarter may sit mid-pack today. Where FDIC insurance is standard for an entity we note it — it protects deposits up to $250,000 per depositor per bank if the bank fails — but insurance status should always be verified directly before you deposit. The details that erode a good headline rate are mundane: monthly maintenance fees, minimum-balance tiers that gate the best APY, out-of-network ATM fees, and transfer limits. A bank paying a slightly lower rate with no fees and a huge ATM network often beats the rate leader in practice. Where we couldn't confirm a current APY or fee, the field stays blank.
Axos Bank is a US digital bank offering checking, savings, and money market accounts with ATM fee reimbursements. Axos Bank is FDIC-insured.
Bank of America is one of the largest US banks, offering checking, savings, credit cards, mortgages, and investing through Merrill. Bank of America, N.A. is FDIC-insured.
Bluevine is a US fintech offering business checking accounts and lines of credit for small businesses. Banking services are provided by Coastal Community Bank, member FDIC.
Capital One 360 is Capital One's online banking line, offering checking, savings, and CDs with no monthly fees. Capital One, N.A. is FDIC-insured.
Chase is the consumer banking brand of JPMorgan Chase, the largest US bank, offering checking, savings, credit cards, and mortgages. JPMorgan Chase Bank, N.A. is FDIC-insured.
Chime is a US fintech offering fee-free checking, savings, and credit-builder accounts through a mobile app. Banking services are provided by partner banks, members FDIC.
Citibank is the US consumer bank of Citigroup, offering checking, savings, and credit cards. Citibank, N.A. is FDIC-insured.
Current is a US fintech offering mobile checking accounts with early direct deposit and teen banking. Banking services are provided by a partner bank, member FDIC.
Dave is a US banking app offering checking accounts and small cash advances with no overdraft fees. Banking services are provided by a partner bank, member FDIC.
Discover Bank is a US online bank offering checking, savings, CDs, and money market accounts. Discover Bank is FDIC-insured.
Happen Bank, N.A. (formerly LendingClub Bank) is a US digital bank offering personal loans, savings, and checking. Happen Bank, N.A. is FDIC-insured. LendingClub rebranded to Happen in summer 2026.
Marcus is Goldman Sachs' consumer banking brand, offering high-yield savings accounts and CDs. Deposits are held by Goldman Sachs Bank USA, member FDIC.
Mercury is a US fintech offering business banking for startups, with checking, savings, and corporate cards. Banking services are provided by partner banks, members FDIC.
MoneyLion is a US financial app combining banking, investing, credit building, and cash advances. Banking services are provided through partner banks.
Monzo is a UK digital bank offering app-based current accounts, savings pots, and budgeting tools. Monzo Bank Ltd is authorised by the PRA and regulated by the FCA.
N26 is a German digital bank offering mobile current accounts across Europe. N26 Bank GmbH holds a German banking licence.
Novo is a US fintech offering free business checking accounts for small businesses and freelancers. Banking services are provided by Middlesex Federal Savings, member FDIC.
PNC Bank is a major US bank offering checking, savings, and lending products across the eastern US. PNC Bank, N.A. is FDIC-insured.
Revolut is a global fintech offering multi-currency accounts, cards, crypto, and stock trading in one app. Revolut Ltd is authorised by the FCA in the UK; EU services run under its Lithuanian banking licence.
SoFi Bank, N.A. is the banking arm of SoFi, offering high-yield checking and savings with no account fees. SoFi Bank, N.A. is FDIC-insured.
Starling Bank is a UK digital bank offering personal and business current accounts with no monthly fees. Starling Bank Limited is authorised by the PRA and regulated by the FCA.
TD Bank is the US retail bank of Toronto-Dominion Bank, operating branches along the East Coast. TD Bank, N.A. is FDIC-insured.
U.S. Bank is a major US regional bank offering checking, savings, credit cards, and mortgages. U.S. Bank National Association is FDIC-insured.
Upgrade is a US fintech offering checking and savings accounts plus personal loans and credit cards. Banking products are issued through partner banks.
Varo Bank is a US digital bank offering checking, savings, and cash advances with no monthly fees. Varo Bank, N.A. is FDIC-insured.
Wells Fargo is a major US bank offering checking, savings, credit cards, and home lending. Wells Fargo Bank, N.A. is FDIC-insured.
Wise (formerly TransferWise) offers multi-currency accounts, international transfers at mid-market rates, and debit cards. Wise is regulated by the FCA in the UK and FinCEN in the US.
Frequently asked questions
Are online banks safe?
We note FDIC insurance where standard — it protects deposits up to $250,000 per depositor per bank. Verify any bank's current FDIC status before depositing.
Why do online banks pay higher interest?
No branches means lower overhead, and competition for deposits is fierce. But APYs change with interest rates — always check the live rate.
What fees should I watch for?
Monthly maintenance fees, minimum-balance requirements, out-of-network ATM fees, and transfer limits can all eat into a good APY.