Forbes' list of the best online banks featuring FDIC insurance, high interest rates, banking apps, low or no fees, and great customer service.
The content is a comprehensive review and comparison of various online banks, focusing on their offerings, features, and customer experiences. This guide, conducted by Forbes Advisor, evaluates 60 online banks based on several factors such as product offerings, annual percentage yields (APYs), fees, ATM networks, and digital banking experiences. The article provides detailed insights into specific banks like Bank5 Connect, Quontic Bank, Ally Bank, Discover® Bank, Synchrony Bank, and several others, highlighting their strengths and weaknesses in terms of fees, interest rates, and customer service.
Elizabeth Aldrich, with eight years of experience in financial journalism, co-authors the piece alongside Michael Benninger, drawing from their extensive expertise in banking and personal finance. They aim to help readers identify the best online banks that offer low fees, high APYs, and good customer service.
For users contemplating switching to online banking, the guide suggests considering factors like fees, digital experience, customer support, and security, emphasizing the competitive edge of online banks in providing higher interest rates compared to traditional banks. Additionally, information about account safety, backed by FDIC insurance, reassures potential customers of the security of online banking.