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 December 2019, CIBC Bank USA has set the rate of its Agility Savings account 1.85% APY... which means that CIBC USA's savings rates are currently … [Read more...] about CIBC Agility Online Savings Account – Review
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
Capital One 360 Savings – Review
Samuel L. Jackson and Jennifer Garner have been asking us for years: "What's in your wallet?" - and while that phase has become synonymous with Capital One and their line of credit cards - did you know that that Capital One also offers a fully-online banking experience with checking, savings, money market and certificates of deposit (CDs)? They've coined this branch of their … [Read more...] about Capital One 360 Savings – Review
American Express Personal Savings – Review
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 December 2019, 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
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, Citibank announced their newest … [Read more...] about Citi Accelerate – High-Yield Online Savings – Review
Discover Online Savings Account – Review
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? In fact, Discover Bank provides online home banking products such as checking, savings, money market, certificates of deposit, and IRAs. Furthermore, Discover Bank currently … [Read more...] about Discover Online Savings Account – Review
CIT Savings Builder – Online Savings Account – Review
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, the competition of online … [Read more...] about CIT Savings Builder – Online Savings Account – Review
Ally – Online Savings Account – Review
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 'regular' savings account … [Read more...] about Ally – Online Savings Account – Review
Barclays Online Savings Account – Review
Barclays Bank has been in business since the 1600s, mainly in the United Kingdom, and over the centuries has received worldwide notoriety for their retail banking and credit card services. In 2012, they branched into their newest venture of offering easy, low fee, high-yield online savings for their customers around the globe. As a newer player in the online banking world, … [Read more...] about Barclays Online Savings Account – Review
MySavingsDirect Online Savings Account – Review
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 impressive 2.00% annual percentage yield (APY) for … [Read more...] about MySavingsDirect Online Savings Account – Review
Synchrony Bank High-Yield Savings Account – Review
Looking for a high-yield savings account to grow your money? If so, you may want to check out this newcomer to the online banking world: Synchrony Bank. Synchrony currently offers one of the highest APYs in online savings at an impressive 1.80%, with no minimum opening deposit, no minimum balance and no associated maintenance fees on the account. What Is A Synchrony Bank … [Read more...] about Synchrony Bank High-Yield Savings Account – Review