ⓘ Last updated at 07/17/2025
The Best Online Banks of July 2025
Take control of your financial future today! Compare online accounts with exclusive deals & 24/7 access.
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Our Best Choice
1
9.9
5 out of 5 stars
Exceptional
SoFi: Checking and Savings
Earn up to $300 with qualified deposits
Earn 0.50% APY on your checking balance and watch your money grow
$0.00 Monthly fees or balance min
FDIC insured; coverage available up to $3 million with partner banks
SoFi: Checking and Savings
Earn up to $300 with qualified deposits
Earn 0.50% APY on your checking balance and watch your money grow
$0.00 Monthly fees or balance min
FDIC insured; coverage available up to $3 million with partner banks
Member FDIC
9.9
5 out of 5 stars
Exceptional
2
9.7
5 out of 5 stars
Exceptional
Chime®: Checking
$0 monthly fees
$0 overdraft fees
Get paid up to 2 days early
Chime®: Checking
$0 monthly fees
$0 overdraft fees
Get paid up to 2 days early
FDIC Insured
9.7
5 out of 5 stars
Exceptional
3
9.5
4.5 out of 5 stars
Outstanding
Up to 4.75% APY
Minimum to Open Account: $0
Monthly fees: $0.00
Federally Insured by NCUA
Free financial wellness coaching with the AlumniFi FinLife app
Up to 4.75% APY
Minimum to Open Account: $0
Monthly fees: $0.00
Federally Insured by NCUA
Free financial wellness coaching with the AlumniFi FinLife app
9.5
4.5 out of 5 stars
Outstanding
Compare top banking offers handpicked by our financial experts. Discover competitive rates and trusted institutions, with full FDIC/NCUA protection for your funds
647,250+
Customers used pickmybank.com in 2024 to make better & smarter financial decisions
Customers used pickmybank.com in 2024 to make better & smarter financial decisions
Perfectly Safe
Your funds are fully FDIC/NCUA insured and secured by top banking platforms
Your funds are fully FDIC/NCUA insured and secured by top banking platforms
Compare Our Best Online Savings Accounts
Choose the Right High-Yield Interest Account and Start Growing Your Savings!
Earn up to $300 with qualified direct deposit
1
9.9
5 out of 5 stars
Exceptional
SoFi : Savings Account
Up to 3.80% APY
$0.00 Monthly Fees
$0.00 Min Deposit to Earn APY
The savings account to help you reach your financial goals
Member FDIC
More Info
More Info
2
9.7
5 out of 5 stars
Exceptional
American Express® High Yield Savings Account
Variable annual percentage yield: 3.60% as of 07/17/2025¹
Monthly fees: $0 ²
Min to obtain APY: $0²
Member FDIC
More Info
More Info
3
9.5
4.5 out of 5 stars
Outstanding
Barcalys Tiered Savings
APY begins at 4.00%
Earn more as your balance grows
No monthly fees or opening minimums
Access your funds 24/7
Barcalys Tiered Savings
APY begins at 4.00%
Earn more as your balance grows
No monthly fees or opening minimums
Access your funds 24/7
Member FDIC
9.5
4.5 out of 5 stars
Outstanding
Open an account today
Fund your account
Enjoy seamless banking
Our Top Offer
Discover key differences that make SOFI the smarter choice for checking or savings.
Earn up to $300 with qualified direct deposit
1
9.9
5 out of 5 stars
Exceptional
SoFi : Checking and Savings
Up to 3.80% APY
$0.00 Monthly Fees
$0.00 Min Deposit to Earn APY
Member FDIC
More Info
More Info
How do we pick the best banking options for you?
Choosing a bank account is an important financial decision, and you deserve peace of mind that your money and personal information are protected. That’s why we carefully research and review top banking products to ensure they offer strong security, reliable customer service, and trustworthy digital platforms. We prioritize banks and financial institutions that help keep your finances safe from fraud and online threats.
Why should I open a bank account?
Opening a bank account provides essential tools for managing your money securely and conveniently. From checking accounts for everyday spending to savings accounts for growing your funds, banking services offer lower fees, easy access, and modern technology that lets you handle your finances anytime, anywhere. With mobile apps and online services, you can monitor balances, pay bills, and transfer money with just a few clicks.
Banking benefits you should know
Modern banking goes beyond simply storing your money. Many banks offer exclusive deals, competitive interest rates, and advanced digital tools that help you save, budget, and manage your money more efficiently. Choosing the right banking products can help you keep you reach your goals faster, and enjoy greater peace of mind. The right banking partner makes managing your financial life easier and more rewarding.
Start Banking Smarter with the Right Checking Account
Earn up to $300 with qualified direct deposit
1
9.9
5 out of 5 stars
Exceptional
SoFi : Checking and Savings Account
Up to 3.80% APY
$0.00 Monthly Fees
$0.00 Min Deposit to Earn APY
The savings account to help you reach your financial goals
SoFi : Checking and Savings Account
Up to 3.80% APY
$0.00 Monthly Fees
$0.00 Min Deposit to Earn APY
The savings account to help you reach your financial goals
Member FDIC
9.9
5 out of 5 stars
Exceptional
2
9.7
5 out of 5 stars
Exceptional
Cash App: Direct Deposit
Earn up to 4% interest*
No hidden fees, minimum balance, or account fees
24/7 fraud monitoring, advanced encryption, and dual authentication
Free transfers between Cash and savings balances
Cash App: Direct Deposit
Earn up to 4% interest*
No hidden fees, minimum balance, or account fees
24/7 fraud monitoring, advanced encryption, and dual authentication
Free transfers between Cash and savings balances
9.7
5 out of 5 stars
Exceptional
Easy to manage. Easy to understand.
Sharing knowledge from our experts is what we believe make our customers trust us
- Access your account anytime, anywhere with online and mobile banking, making it easy to manage your finances on the go.
- Many online banks offer reduced fees or no fees at all, helping you save on monthly maintenance costs and other charges.
- Online banks often offer competitive interest rates on checking accounts, allowing your money to grow more compared to traditional banks.
- Simplify paying bills, setting up direct deposits, and transferring funds between accounts with quick, digital options.
- Many online accounts come with budgeting tools, expense tracking, and financial insights, helping you better manage your spending and savings.
5 out of 5 stars
5 out of 5 stars
With pickyourbank.com, I found the perfect checking account in minutes! No hidden fees, easy online access, and I even got a bonus for signing up!
David Holmes
Buckhead, Atlanta GA
Compare Your Options with Confidence
Discover the key features and benefits that set us apart from the rest in the world of checking accounts.
Earn up to $300 with qualified direct deposit
1
9.9
5 out of 5 stars
Exceptional
SoFi : Checking and Savings Account
Up to 3.80% APY
$0.00 Monthly Fees
$0.00 Min Deposit to Earn APY
The savings account to help you reach your financial goals
SoFi : Checking and Savings Account
Up to 3.80% APY
$0.00 Monthly Fees
$0.00 Min Deposit to Earn APY
The savings account to help you reach your financial goals
Member FDIC
9.9
5 out of 5 stars
Exceptional
2
9.7
5 out of 5 stars
Exceptional
Cash App: Direct Deposit
Earn up to 4% interest*
No hidden fees, minimum balance, or account fees
24/7 fraud monitoring, advanced encryption, and dual authentication
Free transfers between Cash and savings balances
Cash App: Direct Deposit
Earn up to 4% interest*
No hidden fees, minimum balance, or account fees
24/7 fraud monitoring, advanced encryption, and dual authentication
Free transfers between Cash and savings balances
9.7
5 out of 5 stars
Exceptional
5 Things to Pay Attention to When Choosing a Bank Account
Opening a bank account is easy with guidance from our experts and carefully curated listings. We’re committed to helping you make informed decisions, so you know exactly what to look for when comparing different banking options.
Unlock Your Financial Potential
- 24/7 Account Access: Manage your finances anytime, anywhere with online and mobile banking. Check balances, pay bills, and move money quickly and securely..
- Fees: Many banks offer low or even no fees on various accounts, helping you avoid costs for maintenance, transfers, or other services. Always review the fee structure before opening an account.
- Interest Rates: From savings accounts to CDs, competitive interest rates help you grow your money faster. Look for banks offering higher APYs to maximize your earning
- Fast and Easy Transfers: Easily send and receive money, pay bills, and transfer funds between accounts with just a few taps, whether through apps, online banking, or at a branch.
- Enhanced Security Features: Leading banks provide advanced security, including encryption and two-factor authentication, to help keep your personal and financial information safe.
- Customer Service: Look for a bank that offers good customer service. Check online reviews and ratings, and consider contacting the bank's customer service department with any questions or concerns before opening an account.
Advertising Disclosure
Pickyourbank.com may earn a commission when a user completes an action using our links, which will however not affect the review but might affect the rankings. The latter is determined on the basis of product market fit and compensation received. The information contained in pickyourbank.com should not be conceived as legal, financial or investment advice nor as an endorsement of any of the products or services referenced in pickyourbank.com. As disclosed in the Terms and Conditions all information on pickyourbank.com is subject to change. pickyourbank.com does not contain an exhaustive list of all lending or insurance partners in each category.
CashApp:
Cash App is a financial platform, not a bank. Banking services provided by Cash App’s bank partner(s). Overdraft coverage provided by Cash App, a Block, Inc. brand.
With a Cash App Card, your funds are eligible for FDIC pass-through insurance through our Program Banks Wells Fargo Bank, N.A. and/or Sutton Bank, Members FDIC for up to $250,000 per customer when aggregated with all other deposits held in the same legal capacity at each Program Bank above, if certain conditions are met.
*Your first deposit may take longer depending on your employer.
**Cash App will pass through a portion of the interest paid on your savings balance held in an account for the benefit of Cash App customers at Wells Fargo Bank, N.A., Member FDIC. To earn the highest interest rate on your Cash App savings balance, you need to be 18 or older, have a Cash App Card, and deposit at least $300 monthly into Cash App. Sponsored Accounts are not eligible to earn interest. Other exceptions may also apply. Savings yield rate is subject to change
***Actual limit varies based on customer's history with Cash App. Eligibility requirement is that the customer direct deposit at least $300/month to Cash App.
Pickyourbank.com may earn a commission when a user completes an action using our links, which will however not affect the review but might affect the rankings. The latter is determined on the basis of product market fit and compensation received. The information contained in pickyourbank.com should not be conceived as legal, financial or investment advice nor as an endorsement of any of the products or services referenced in pickyourbank.com. As disclosed in the Terms and Conditions all information on pickyourbank.com is subject to change. pickyourbank.com does not contain an exhaustive list of all lending or insurance partners in each category.
CashApp:
Cash App is a financial platform, not a bank. Banking services provided by Cash App’s bank partner(s). Overdraft coverage provided by Cash App, a Block, Inc. brand.
With a Cash App Card, your funds are eligible for FDIC pass-through insurance through our Program Banks Wells Fargo Bank, N.A. and/or Sutton Bank, Members FDIC for up to $250,000 per customer when aggregated with all other deposits held in the same legal capacity at each Program Bank above, if certain conditions are met.
*Your first deposit may take longer depending on your employer.
**Cash App will pass through a portion of the interest paid on your savings balance held in an account for the benefit of Cash App customers at Wells Fargo Bank, N.A., Member FDIC. To earn the highest interest rate on your Cash App savings balance, you need to be 18 or older, have a Cash App Card, and deposit at least $300 monthly into Cash App. Sponsored Accounts are not eligible to earn interest. Other exceptions may also apply. Savings yield rate is subject to change
***Actual limit varies based on customer's history with Cash App. Eligibility requirement is that the customer direct deposit at least $300/month to Cash App.