Three Simple Steps To Finding The Best Online Savings Account For You

Introduction: Why Should I Invest My Money?

Investing money is a responsibility that everyone should take seriously. The benefits of saving and investing are numerous and can be enjoyed in the short term and long term.

The first step to investing is deciding on what type of investment you want to make. There are many types of investments, but it’s important to understand that not all investments are created equal. Some investments have a higher risk, which means they have a higher potential for reward as well.

Step One: What is the Type of Account You Want?

A savings account is a bank account that you deposit your money in and use to save up for the future.

The type of savings account you open depends on how much money you want to save and how often you plan on checking your funds.

There are different types of savings accounts, such as high-interest savings accounts and best interest rates. The best interest rates are usually found with online banks, but some brick-and-mortar banks also offer competitive rates.

Step Two: Where Should I Open the Account?

The first step to opening a bank account is to find a bank that you are comfortable with.

Online banking has become so popular because it offers many benefits like the convenience of banking from your home or office and the ability to access your account 24/7. It also provides you with faster access to your money and better customer service than traditional banking methods.

Step Three : How Much Should I Save Each Month?

With a proper plan, you can save enough for your retirement.

You should start by estimating how much you will need in retirement. You can use an online calculator to estimate your monthly expenses and future expenses. This will help you find out how much you need to save each month in order to reach your goal.

Online Savings Account - Everything you need to know

We did the research and narrowed down to ten sites that will help you get the information you need and make a decision. Keep reading to learn about each one.

We combined over twenty different criteria to establish out rankings with the help of cutting-edge Artificial Intelligence and expert contributors. These criteria include user reviews, content relevance, website reputation score, user votes, and more (We make sure to update these rankings on a regular basis so that the information is always up to date).

We've included the most useful Online Savings Account videos in our review, as well as links to further resources for more information.

Online Savings Account
Online Savings Account

Interest in online savings account over time

According to our data there has been a growing interest in online savings account over the past few years. We estimate that there have been over 108,900 search engine searches in the United States in 2023 alone.

Top 10 Online Savings Account and Online Savings Account websites as ranked by people like you

The Community ranked the best Online Savings Account websites so that you can find what you need. Help improve the ranking by voting too.

Last updated: 2024-05-20

Rank

Provider

Description & Features

Site

1

260

Best Online Savings Accounts of November 2019 | Bankrate.com
Best Online Savings Accounts of November 2019 | Bankrate.com
Here are the best online savings accounts from Bankrate for 2019: If you are looking for a low-risk way to save money over a long period of time, high yield savings accounts may be a good option ...

2

241

10 Best High-Interest Online Savings Accounts of November ...
10 Best High-Interest Online Savings Accounts of November ...
The best online savings accounts offer some of the highest interest rates while providing a safe place to park your money. Because online banks don’t have the expense of maintaining branches ...

3

223

Best High-Yield Online Savings Accounts in October 2019 ...
Best High-Yield Online Savings Accounts in October 2019 ...
Online savings accounts provide consumers with interest rates that are way above those offered by conventional banks. The best online savings accounts can easily earn you an APY of 1.90% or greater, while the average rate offered by a traditional brick-and-mortar bank remains at a paltry 0.28%.

4

207

Online Savings Account: High Interest Savings, Rates ...
Online Savings Account: High Interest Savings, Rates ...
The rate of our Online Savings Account is 20x the national average of 0.09% APY, based on the national average of savings accounts rates published in the FDIC Weekly National Rates and Rate Caps accurate as of 08/26/19.

5

191

Online Savings Account | High Yield Savings Account | Discover
Online Savings Account | High Yield Savings Account | Discover
Grow your money with a savings account interest rate over 5x the National Savings Average. Opens modal dialog. The Annual Percentage Yield (APY) for the Online Savings Account as of XX/XX/XXXX is more than five times the national average APY for interest-bearing savings accounts with balances over $500 as reported by Informa Research Services, Inc. as of XX/XX/XXXX.

6

177

Online Savings Account: 360 Performance Savings | Capital One
Online Savings Account: 360 Performance Savings | Capital One
With 360 Performance Savings, a high-yield savings account, you’ll earn 5X the national average savings rate on all balances, so you earn more with every dollar you save. This online savings account is FDIC-insured up to the allowable limits. Find out more about high-yield savings accounts.

7

164

Best Online Savings Accounts of 2019 | Get The Best Out of ...
Best Online Savings Accounts of 2019 | Get The Best Out of ...
Marcus: By Goldman Sachs specializes in online savings accounts and certificates of deposit. A high-yield online savings account offers 1.90% APY.One major advantage that GS Bank has is that they are backed by one of the most respected financial institutions in the world: Goldman Sachs.

8

152

Best Online Savings Accounts of 2019 [Top 7 High-Interest ...
Best Online Savings Accounts of 2019 [Top 7 High-Interest ...
High yield savings accounts are a great way to get interest on money that you may need in the short term. These great online banks are an awesome place to store your money whether for an emergency fund or waiting for your next investment opportunity.

9

141

The Best Online Savings Accounts Of 2019 – Forbes Advisor
The Best Online Savings Accounts Of 2019 – Forbes Advisor
The best online savings accounts pay 10x or more in interest than traditional banks. Here's the Forbes list of the highest paying savings and money market accounts.

10

130

Best Online Savings Accounts of November 2019 | The Ascent
Best Online Savings Accounts of November 2019 | The Ascent
A traditional savings account averages 0.07% APY whereas our top-rated online savings accounts dish out more than 32x the returns of that, and are insured by the FDIC. Find the right high-yield ...

Top 10 ranking changes over time

Online Savings Account videos considered

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Useful Online Savings Account Resources

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This comparison site is made up of our own opinions and views. The ranking is determined at our discretion and is not to be used for accuracy purposes. We can provide this service at no charges thanks to a combination of referral fees and advertising income we receive from various publishers and service providers. These payments may affect our rankings and the score we assign to websites, products, and vendors. Our ratings do not imply endorsement of any kind. This website's information, rankings, and vendor list is subject to change without notice at any time.

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