ⓘ Last updated at 10/16/2025
The Best Online Banks of October 2025

Take control of your financial future today! Compare online accounts with exclusive deals & 24/7 access.
Which account are you looking for?
Which account are you looking for?
Our Best Choice
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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
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9.7

5 out of 5 stars

Exceptional
Cash App: Direct Deposit
Get paid up to 2 days early*
Earn up to 4% interest on Savings**
Get up to $200 in free overdraft coverage***
$0 overdraft fees
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9.5

4.5 out of 5 stars

Outstanding
AlumniFi
Up to 4.50% APY
Minimum to Open Account: $0
Monthly fees: $0.00
Federally Insured by NCUA
Free financial wellness coaching with the AlumniFi FinLife app
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9.3

4.5 out of 5 stars

Excellent
Alliant: Checking
Apply to open an account online in minutes
Enjoy Early Payday on eligible direct deposits for up to 2 days
Monthly fees: $0.00
Federally insured by NCUA
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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
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Perfectly Safe
Your funds are fully FDIC/NCUA insured and secured by top banking platforms


Compare Our Best Online Savings Accounts
Choose our Top High-Yield Interest Account & Start Saving
Earn up to $300 with qualified direct deposit
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9.9

5 out of 5 stars

Exceptional
SoFi Savings Account
Up to 4.50% APY
$0.00 Monthly Fees
$0.00 Min Deposit to Earn APY
The savings account to help you reach your financial goals
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9.7

5 out of 5 stars

Exceptional
American Express®: High Yield Savings Account
Variable annual percentage yield: 3.50% as of 10/16/2025¹
Monthly fees: $0 ²
Min to obtain APY: $0²
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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
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9.3

4.5 out of 5 stars

Excellent
Western Alliance: Savings Account
$1000 New Customer Bonus: code EASY
Annual percentages yield: 4.20%
Maintenance fees: $0.00
Min to earn APY: $0.01
Member FDIC

Open an account today

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Fund your account

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Enjoy seamless banking

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Our Top Offer
Discover key differences that make SOFI the smarter choice for online checking or savings.
Earn up to $300 with qualified direct deposit
1
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9.9

5 out of 5 stars

Exceptional
SoFi : Checking and Savings
Up to 4.50% APY
$0.00 Monthly Fees
$0.00 Min Deposit to Earn APY
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Member FDIC
More Info

Our Best Online Bank Accounts

We use our banking expertise to evaluate the features, fees, and reliability of top banks. By assessing security, accessibility, and customer experience, we deliver clear, trustworthy insights to users seeking the right account. Our goal is to make opening an online bank account simple and assured.
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Open Your Bank Account in minutes

Opening an online bank account makes managing money secure and convenient. Our best online banks offer low fees, easy access, and modern tools. With PickYourBank, you can open a bank account in minutes and enjoy seamless online banking—check balances, pay bills, and transfer money anytime.
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Online Banking benefits you should know

Modern online banking goes beyond storing money—it offers bonuses, strong rates, and tools to manage finances efficiently. The best banks make opening an account simple with sign-up perks and lasting benefits. The right account helps you reach goals faster and manage your financial life with ease.
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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!
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David Holmes
Buckhead, Atlanta GA
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.