Putting your money in an Online Savings Account is one of the best ways to save, especially because these online banks do not incur the expenses of maintaining physical branch locations, thus offering you better rates. In our Online Savings Account reviews, we compare each service's APYs, fees, access options and other account features so you can choose the right online savings account for you and start saving.
NextAdvisor Savings Accounts Blog Headlines
Study Shows 51% of U.S. Adults Bank Online
Aug 12, 2013 - The Pew Research Center has released a study that shows 51% of U.S. adults, or 61% of Internet users, bank online. According to the data, it is apparent that younger Internet users, those that are 18 to 29, report the most significant increases for online banking. These findings, that are based o...
Save More With Online Savings Accounts
Jul 2, 2013 - These days, people aren't saving as much as they should be. In fact, 25% of US families had no savings in 2012. With all of life's needs, saving money can be tough, but with higher interest rates and zero fees, online savings accounts can help. Online banks like Ally and Everbank do not have all ...
Save More Money: Get The Highest Interest Rate
May 31, 2013 - It's not news that online savings accounts offer highest interest rates than traditional, brick-and-mortar banks. This is because online banks don't have the same branch upkeep and employee expenses, thus passing their savings to their customers via higher interest rates. Currently, Everbank is o...
Do Online Banks Have Physical Branches?
May 1, 2013 - Q: I noticed that online savings accounts have much higher interest rates, but I still like going into bank branches and speaking with someone in person. Do any online banks have physical branches? A: Some of the online savings accounts we review, like Capital One 360 and HSBC, belong to banks th...
APR vs. APY: What's The Difference?
Mar 22, 2013 - While most consumers know that APR stands for "Annual Percentage Rate" and APY stands for "Annual Percentage Yield," there is still confusion pertaining to what these are used for. When applied to loans and savings accounts, APRs are interest rates that require you to pay extra money, and APYs in...
Did you know?
We all know how important it is to save money, but did you know that many banks offer a significantly higher return on money saved than others? If you are simply signing up for a savings account with your bank without shopping around for the best rates, you may be costing yourself lots of money over the lifetime of the account. There are many important factors to consider when selecting a savings account. You need to understand the fees associated with the account and whether or not there are minimum balances you must maintain in the account. We have reviewed a number of savings accounts from a mixture of offline and Internet only banks to help you discover the best savings account for your needs. All of the savings accounts we have reviewed are insured by the FDIC. This means that no matter which savings account that you choose, you can rest assured that the money in your savings account is protected by the United States government.
Learn more by visiting our savings account reviews and comparison.
Disclosure: NextAdvisor.com is a consumer information site that offers free, independent reviews and ratings of online services. We receive advertising revenue from most of the services we review. Our editors thoroughly research and whenever possible test each service we review and offer their honest opinions about each one. We are independently owned and operated and all opinions expressed on this site are our own.