Listed below are some of the Top Online Savings Accounts that offfers higher interest rate with lower fees, compared with traditional savings accounts. Many of these high-yield accounts have no minimum balance. Online banks offer an online application and money can be transferred into the account via an electronic transfer, check or wire transfer.
ING Direct – ING’s Online Orange Savings Account is an FDIC insured national bank offering one of the highest savings rates with no fees and no minimums.
Discover Bank – Discover Online Savings Account(formally E-Trade Savings) offers one of the best high-yield online savings account in the nation. Discover Bank has no minimum deposit requirement and charges no monthly account maintenance fees.
HSBC Direct – HSBCs online savings account offers competitive rates. It allows you to connect your HSBC Online Savings Account to as many checking accounts as you want, regardless of what bank they are with. FDIC-insured to the maximum permitted by law.
WTDirect – WTDirect was one of the first high-yield online savings accounts, and is a division of Wilmington Trust FSB, part of the Wilmington Trust family of financial companies over 105 years strong. FDIC insured. More ways to move your money, including Wire Transfers and Treasurer’s Checks. To open an account or for more information visit WTDirect.
Ally Bank – Ally savings account that gives you a better return on your investment. It requires no minimum deposit to open an account, and there are no monthly fees. Earn a higher rate than traditional savings and get free online banking transactions. Visit Ally Bank here for more information.
FNBO Direct – With an FNBO Direct Online Savings Account, there are no monthly fees or minimum balance requirements and you can open an account with as little as a $1. Free yourself from the hassle of check writing and bank visits. Visit FNBO Direct to open an account or for more information.