Winner

Ally Bank

A+ MyBankTracker Rating

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

Best Feature: One Stop Banking

If you’re like many American’s and have seen your time standing in branches disappear; it may be time to go with an online bank. Ally Bank is a great do-it-all bank to make the switch. It is also a three-time winner for our pick of Best Online Bank. With strong online and mobile banking, along with consistent competitive rates when compared to other online banks, but that absolutely decimate today’s biggest banks you can’t go wrong with making Ally your main day to day bank. Now it is worth pointing out that in the past year, Ally has been making a few changes to their perks, which do point to signs of this scrappy bank becoming more mainstream. 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 just introduced tiered rates to their Savings and CD products, which could be a sign of needing high balances to score those competitive rates. But even with these changes, Ally’s no maintenance fees, and $0 minimum balances have allowed it to keep its A+ rating with MyBankTracker and position as Best Online Bank.

Honorable Mentions

Simple Bank

Mobile First, Great Customer Service, Not Rate Focused

Best Feature: Mobile Banking
B+

Those who use Simple absolutely love it. This mobile first bank is definitely for those who prefer a full digital experience. If you are expecting strong rates, Simple isn’t for you. They also hold your money a little long than we would like when making transfers, and their purchase management features only work if you use their debit card. That said, if customer experience is a priority, you wouldn’t find a better online bank. Simple really is the banking relationship to manage your money thanks to their features to pause your debit card and in-app messaging. Additionally, now that they are backed by BBVA Compass, Simple no longer charges fees for Overdraft, Non-ATM when using BBVA ATMs domestic and international, Card Replacement among others.

MyCBB

Do It All Banking with Checking, Money Market and CDs

Best Feature: Absolutely No Fees
A+

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.