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Savings Accounts FAQ

Frequently Asked Questions about Savings Accounts

    Are online savings accounts insured?

    All of the online savings accounts reviewed on NextAdvisor.com are FDIC insured up to $250,000 per depositor.

    Return to Savings Accounts FAQs


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Top Savings Accounts

ING Direct
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Bottom line: Feature-rich, reliable, and fast
Ally
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Bottom line: Good, high-yield option with $0 minimum balance and $0 start up deposit
HSBC Advance
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Bottom line: Great choice, particularly for those who want ATM access
Discover Online Savings Account
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Bottom line: Good choice with comparable APY; has opening deposit requirement but $0 minimum balance
EverBank
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Bottom line: Good for those who will maintain a balance above $5,000

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