savings

Best Internet Banks 2017

Our top picks charge fewer, if any, fees and pay higher interest rates than traditional banks.

Internet banks aren’t for everyone, but they are worth considering if you're comfortable doing your banking online or by smartphone. Since there are no costly branches to staff and maintain, Internet banks can charge fewer fees, require lower account minimums and offer higher interest rates.

Check out our top two picks:

Favorite Internet bank: Ally

What we like most:

  • simple account offerings
  • no account fees or minimums
  • free checks
  • postage-paid envelopes for mail-in deposits
  • up to $10 per month in ATM fee rebates

Runner-up: Bank of Internet USA

What we like most:

  • range of no-fee checking accounts
  • cash back on certain debit-card purchases
  • high-yield savings and money market accounts
  • 24/7 customer service by phone or chat

Be sure to check out our complete guide to all of the best banks of 2017.

Most Popular

Yes, You Can Collect Social Security from an Ex-Spouse: Here’s How
social security

Yes, You Can Collect Social Security from an Ex-Spouse: Here’s How

It’s always smart to maximize your Social Security benefits, and if you are divorced, one way to do that might be to take them based on your ex’s earn…
May 13, 2021
Refunds for $10,200 Unemployment Tax Break to Begin This Week
Coronavirus and Your Money

Refunds for $10,200 Unemployment Tax Break to Begin This Week

The IRS will start issuing automatic refunds in mid-May to people eligible for the unemployment benefit tax exemption.
May 14, 2021
18 Worst Things to Buy at Dollar Stores
spending

18 Worst Things to Buy at Dollar Stores

These discount retailers stock plenty of bargains, but some of the merchandise isn’t worth the buck.
May 14, 2021

Recommended

Rebuilding Emergency Savings in 2021: Take a Realistic Approach
savings

Rebuilding Emergency Savings in 2021: Take a Realistic Approach

Saving for a rainy day can be a tall order, especially if you have recently experienced a financial setback. Taking even small steps can help you work…
April 21, 2021
What to Make of Bitcoin
Becoming an Investor

What to Make of Bitcoin

The digital currency has delivered dizzying gains—and is just as volatile as ever.
March 26, 2021
4 Tips on How to Negotiate for Anything
savings

4 Tips on How to Negotiate for Anything

You can haggle for a better price on just about any product or service. You just need to know how to approach these conversations.
March 9, 2021
Switch Accounts for a Better Yield?
Financial Planning

Switch Accounts for a Better Yield?

If your current account has a reliable history of strong yields, it might be worth sticking around.
February 23, 2021