Online Banking
The lure of online banks’ low fees, high interest rates, and great rewards have led to shift in how banking is being done these days.
However, this shift has left many people wondering where they should look and who they should trust.
Below are some of the online banks that I highly recommend and a couple of them are places that I personally have accounts with.
PerkStreet Financial
Features:
- FDIC-insured Deposits up to $250,000
- Free Online Banking and Bill Pay
- No annual fee and no monthly fee as long as you use your account
- 2% Rewards on $2500 worth of online purchases and $2500 worth of in-store purchases (capped for the year)
- 1% Rewards on all Purchases beyond initial 2% offer
- 5% Rewards on selected monthly “PowerPerks” – limited to $5,000 in yearly purchases
- Unlimited amount on total rewards earned; the average American family earns $600/year in rewards!
- 24/7 customer support
- Easy electronic transfers between bank accounts
ING Direct
Features:
- .19% Interest Rate on Checking Accounts and .80% on Savings Accounts (variable rates)
- No annual or monthly fees
- Free Online Bill Pay
- Free access to 35,000 ATMs
- FDIC-insured
- No minimum deposits
Ally
Features:
- Interest-earning Checking Accounts
- No annual or monthly fees
- Free Online Bill Pay
- Great interest rates on CDs and Savings Accounts
- FDIC-insured
- No minimum deposits
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