Best Online Banks of 2024

Higher Yields, Lower Fees, and Lower Minimums

Online banks continue to offer competitive advantages over traditional brick-and-mortar banks. In 2024, the best online banks are raising the bar even higher, offering the highest APYs (annual percentage yields) and lowest fees across their product lines, while also lowering minimum balance requirements.

Key Findings

• Online banks are paying higher yields on savings accounts than ever before, with some accounts offering APYs over 3%.
• Many online banks have eliminated monthly service fees and minimum balance requirements for their checking and savings accounts.
• Online banks offer a wide range of features and services, including mobile banking, online bill pay, and remote deposit capture.

If you're looking for a new bank, it's worth considering an online bank. They offer a number of advantages over traditional banks, including higher yields, lower fees, and lower minimums. Plus, they're just as convenient and secure as traditional banks.