Bank Professor

Everything you wanted to know about Banks

Comprehensive Online Bank Reviews: Value and Features

The Bank Professor constantly reviews financial institutions of all shapes and sizes. This category specifically focuses on online banks.

Our goal is to give a comprehensive review of each online bank including:

  • State availability
  • Account fees
  • Account benefits
  • Disadvantages we discover
  • Competing offers from other banks
  • Status of FDIC membership
  • How to open an account
  • How to access the account online
  • Links to related mobile banking apps
  • Bank History

First Foundation Bank – Review – Current Offers

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(image source: First Foundation Bank) First Foundation Bank : Overview It wasn't long ago that banking could only be done by visiting physical branches or using an ATM. But in today's fast-paced world, consumers want helpful, dedicated banking support, higher than average returns on their investments, and the option to bank online as well as in person. Like most … [Read more...] about First Foundation Bank – Review – Current Offers

CIBC Agility Online Savings Account – Review

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(image source; CIBC) Are you looking for an online-only savings account with a higher interest rate than a traditional savings account?  If so, you may want to check out Agility online savings offered by Canadian Imperial Bank of Commerce (CIBC). As of January 2020, CIBC Bank USA has set the rate of its Agility Savings account 1.85% APY... which means that CIBC USA's … [Read more...] about CIBC Agility Online Savings Account – Review

American Express Personal Savings – Review

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Did you know that American Express does more than just issue credit cards? Since 1989, American Express (Amex) has offered the option of a high-yield personal savings account to consumers that were wanting to grow their savings separate from their traditional banking methods. As of January 2020, the current annual percentage yield (APY) for the American Express Personal … [Read more...] about American Express Personal Savings – Review

Citi Accelerate – High-Yield Online Savings – Review

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(image source; citibank.com) Whether you’re saving up to make a large purchase, or you just like to have a solid amount of emergency funds in case of any unexpected situations that life may decide to throw your way - a high-yield savings account can help you hit your savings goals faster and make extra funds available to you when you need them most.  In February 2019, … [Read more...] about Citi Accelerate – High-Yield Online Savings – Review

Discover Online Savings Account – Review

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(image source; discover.com) Discover Card may be the fourth largest credit card brand in the U.S., behind Visa, MasterCard and American Express, but did you know that Discover actually does more than just offer credit cards - and offers online savings in addition to other helpful financial products? In fact, Discover Bank provides online home banking products such as … [Read more...] about Discover Online Savings Account – Review

CIT Savings Builder – Online Savings Account – Review

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(image source; CIT.com) Looking into opening a CIT Savings Builder account? Online savings accounts are a rapidly growing trend that help people save money faster and smarter. Arguably, some of the greatest features of online accounts include ease of access, higher interest rates as well as the ability to set up notifications and automatic transfers. Needless to say, … [Read more...] about CIT Savings Builder – Online Savings Account – Review

Ally – Online Savings Account – Review

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(image source; Ally Bank) Saving money for big one-time purchases or to have in case of an emergency is an important part of money management that everyone should be taking part of to help secure a solid financial future for themselves or their family. A high-yield savings account can be a useful in these cases, offering a larger annual percentage yield (APY) than a just a … [Read more...] about Ally – Online Savings Account – Review

MySavingsDirect Online Savings Account – Review

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(image source; mysavingsdirect.com) If you are looking for a no-frills, no fee, high-yield online savings account experience - you may want to check out the latest offering from Emigrant Bank:  MySavingsDirect. What Is A MySavingsDirect Account ? MySavingsDirect is an online savings account program offered by Emigrant Bank. The bank is currently offering an … [Read more...] about MySavingsDirect Online Savings Account – Review