Winner

Ally Bank

A+ MyBankTracker Rating Valid as of April 4th, 2016

Consistent Competitive Rates, Minimal to No Fees, Reimburses Some ATMs, Checking, Savings and CDs

Best Feature: One Stop Banking

Ally Bank has been MyBankTracker’s pick for Best Online Bank for the past year. Their ability to continually offer a combination of no maintenance fees, consistent competitive rates and a always improving digital banking experience makes them a great option as your day to day bank. When it comes to rates, Ally has actually increased their rates over the past few months, now offering a 1.00% APY on their online savings account and 1.05% APY on its 12-month CD. Additionally, if you have over $15,000, their no fee checking account has a competitive rate of 0.60% APY (0.10% below). As an online bank, customer service is important when you lack physical locations. Thankfully, Ally offers 24/7 telephone customer support, live online chat and a mobile app that has remote check deposit. As mentioned in past reviews, it is worth pointing out that Ally has been making a few changes to their perks. From the cut to use any ATM without paying fees; to only reimbursing up to $10 when you use ATMs outside the All Points Network and their 60,000+ ATMs. They also introduced tiered rates, but it seems it has only benefited those with higher deposits, with minimums staying the same. As mentioned at the top of this review, Ally continues to be the perfect one stop banking solution. This has allowed it to keep its A+ rating with MyBankTracker and position as Best Online Bank.

Honorable Mentions

MyCBB

Do It All Banking with Checking, Money Market and CDs

Best Feature: Absolutely No Fees
A+Valid as of April 4th, 2016

As a recent winner of best Money Market Account, MyCBB is a great alternative to Ally Bank. As a bank with competitive online rates and absolutely no fees, not even Overdraft on their Checking, you can bank confidently with MyCBB knowing your money is with a bank that wants you to earn, not lose. Their mobile and online banking could use an improvement, but they offer the necessary features to meet your day-to-day banking needs. This all in one bank is a great an option if earning money with your checking account is a main focus.

Capital One 360

No Fee Checking, Strong Rates and Loan Products

Best Feature: Solid Savings & Checking Combo
AValid as of April 4th, 2016

If you want an online bank that has a great connecting to a traditional bank, you can’t go wrong with Capital One 360. As one of the only online banks that also offers a strong selection of Banking and Loan products, Capital One 360 can really be your all in one bank for those who are looking to only interact with one institution. With a MyBankTracker rating of A and a 3 out 5 in customer reviews, you can be confident you're partnering with a bank that understands how to service its customers. The competitive deposit rates are a bonus as well.