We analyze the top bank accounts in the nation to uncover which have the best earnings and benefits at the lowest fees. Learn more about our methodology here. Bank awards methodology | Previous Award Winners

1. Best Online Bank for Hybrid Checking/Savings Account

Radius Bank

A+ MyBankTracker Rating

High yield checking. Free ATM access worldwide.

Radius Bank is one of the newer online banks that keeps impressing us with its outstanding hybrid account that combines the convenience of a checking account and the interest rate of a high-yield savings account. The online bank also has other accounts with great features, including no monthly fees on checking accounts, high interest rates, and unlimited ATM fee rebates.

  • Earn

    Earn 0.90% APY on balances of $2,500 and up in the Hybrid Account

    Earn 1.00% APY on balances of $2,500 and up in the High-Yield Savings Account

  • Fees

    Unlimited fee rebates for out-of-network ATMs

    Avoid overdraft fees with an overdraft line-of-credit

    No monthly maintenance fee on checking accounts

  • Benefits

    Live chat available with a customer service agent

    Radius Pay a Friend feature allows you to send money with ease

    Mobile app available on the Apple App Store and Google Play

2. Best Online Bank with Physical Branches

Capital One 360

A+ MyBankTracker Rating

No monthly fees on all accounts. Strong rates and loan products.

Capital One 360 continues to hold its place in the group of the top online banks. It offers accounts with low costs and competitive interest rates. As a division of one of the nation’s biggest banks, you’ll also have free access to the Capital One ATM network for cash and check deposits (hard to find with other online banks). This is a great all-in-one option to try out online banking with access to a trusted, physical bank network.

  • Earn

    Capital One 360 Money Market account offers 1.00% APY on balances of at least $10,000

  • Fees

    Free access to 38,000 Allpoint ATMs and 2,000 Capital One ATMs

    No overdraft fees if you get the optional overdraft line of credit

    No monthly fees with all Capital One 360 deposit accounts

  • Benefits

    Great customer service

    Person2Person feature allows you to send money to friends with ease

    Mobile app available on the Apple App Store and Google Play

    My Savings Goal Feature to keep track of your savings progress

    Integrates with Capital One for more options and flexibility

3. Best Comprehensive Online Banking

Ally Bank

A+ MyBankTracker Rating

Consistently high savings and CD rates. Minimal to no fees. (Limited) ATM reimbursement.

For the 7th quarter in a row, Ally Bank receives top honors among online banks. Ally provides a full suite of deposit accounts don’t charge monthly fees and they come with impressive interest rates. These are the two most consistent traits that has helped Ally to grow into one of the largest online banks today. Ally is a great choice for someone looking to replace branch banking with a comprehensive online banking platform.

  • Earn

    Ally Online Savings Account has a high 1.00% APY on all balances

    Ally Interest Checking Account offers up to 0.60% APY (depending on the balance)

  • Fees

    No monthly fees on any Ally deposit accounts

    Get $10 in ATM fees refunded per month

    Surcharge-free access to more than 43,000 Allpoint ATMs

  • Benefits

    Great customer service

    Popmoney feature allows you to send money to friends with ease

    Mobile app available on the Apple App Store and Google Play

Ask a Question

Saturday, 19 Nov 2016 5:02 PM
<p>I need to transfer funds from one account to another in the same branch. What do I need to do?</p>
MyBankTracker
Wednesday, 02 Nov 2016 8:57 PM
<p>It sounds like the representative was trying to push you to open a checking account as well... You should not have to open a checking account just to get a savings account. This is especially the case for the Capital One 360 division.</p><p>I would suggest revisiting the branch another time or another branch. You may also want to call the branch before making trip to confirm that you can open a savings account without a checking account.</p>
Saturday, 29 Oct 2016 11:16 PM
<p>I was told by a representative at the Capital One Bank in Lufkin, Texas, that in order to establish a savings account I would first have to establish a checking account; why is this necessary: I had a checking account for years at the Capital One bank in Chireno, Texas, but it is closing.</p>

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