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Savings Accounts FAQ

Frequently Asked Questions about Savings Accounts

    How do I deposit money in an online savings account?

    Deposit methods vary depending on the particular online bank, but there are several different methods of transferring funds electronically. Most banks will allow you to conduct transfers online. You can set up direct deposit or automatic transfers. You can also send a check or wire money. Some online savings accounts include an ATM card, which allows you to deposit or withdraw funds from any ATM.

    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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