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Last Updated on November 6, 2023 by coffeepo
Think about your current bank account. How much interest are you earning on your deposits? Chances are, it’s not a lot. In fact, most banks offer very low interest rates on savings accounts, especially if you’re only depositing a small amount of money each month. But what if there was a way to earn significantly more interest on your savings without having to switch banks or invest in high-risk stocks? Believe it or not, there is: by opening an online savings account. Here are the seven best online savings accounts of 2024, based on interest rates and other features. Check them out and see if one might be right for you!
1.CitBank
If you’re looking for a great interest rate on your savings, look no further than CIT Bank. This online bank offers a Savings Builder Account that currently earns 1.55% APY on all balances. Plus, there are no monthly fees to worry about and you can open an account with as little as $100. CIT Bank also offers a great mobile app, making it easy to track your account balance and transactions on the go.
2.Ally Bank
If you’re looking for an online savings account with no monthly fees and no minimum balance requirements, Ally Bank is a great option. This bank offers a competitive interest rate of 0.50% APY on all balances, plus there are plenty of helpful features like automatic transfers and mobile check deposit. And if you ever need to reach customer service, you can do so 24/7 by phone, chat, or email.
3.Capital One 360
If you’re looking for an online savings account that offers a high interest rate and plenty of features, Capital One 360 is a great option. This bank offers a competitive interest rate of 0.75% APY on all balances, plus there are no monthly fees and no minimum balance requirements. You’ll also enjoy helpful features like automatic transfers and mobile check deposit. Plus, you can reach customer service 24/7 by phone, chat, or email.
4.Goldman Sachs Bank USA
If you want an online savings account with a great interest rate and plenty of helpful features, Goldman Sachs Bank USA is a great option. This bank offers a competitive interest rate of 1.00% APY on all balances, plus there are no monthly fees and no minimum balance requirements. You’ll also enjoy helpful features like automatic transfers and mobile check deposit. Plus, you can reach customer service 24/7 by phone or chat.
5.HSBC Direct
If you’re looking for an online savings account with no monthly fees and no minimum balance requirements, HSBC Direct is a great option. This bank offers a competitive interest rate of 0.50% APY on all balances, plus there are plenty of helpful features like automatic transfers and mobile check deposit. And if you ever need to reach customer service, you can do so 24/7 by phone or chat.
6.Discover Bank
If you’re looking for an online savings account with no monthly fees and no minimum balance requirements, Discover Bank is a great option. This bank offers a competitive interest rate of 0.50% APY on all balances, plus there are plenty of helpful features like automatic transfers and mobile check deposit. And if you ever need to reach customer service, you can do so 24/7 by phone or chat.
Conclusion
Choosing the right online savings account is important if you want to make the most of your money. Be sure to compare interest rates, fees, and features before deciding which account is right for you.
