The Best Online Savings Accounts for 2021

Introduction

With interest rates at an all-time low, finding the best online savings account is crucial for maximizing your savings. Online banks often offer higher interest rates and lower fees compared to traditional brick-and-mortar banks. Here are some of the top online savings accounts to consider in 2021.

Ally Bank

Ally Bank is a popular choice for online savings accounts due to its competitive interest rates and no monthly maintenance fees. They also offer a user-friendly online platform and 24/7 customer support.

Features of Ally Bank:

• High-yield savings account with competitive interest rates
• No monthly maintenance fees
• User-friendly online platform
• 24/7 customer support

Discover Bank

Discover Bank is another top contender for online savings accounts, offering competitive interest rates and no minimum balance requirements. They also provide a mobile app for easy access to your savings account on the go.

Features of Discover Bank:

• Competitive interest rates
• No minimum balance requirements
• Mobile app for easy access
• No monthly maintenance fees

CIT Bank

CIT Bank is known for its high-yield savings accounts and variety of savings options, including CDs and money market accounts. They also offer a savings builder account that rewards you for making regular deposits.

Features of CIT Bank:

• High-yield savings accounts
• CDs and money market accounts available
• Savings builder account with rewards for regular deposits
• No monthly maintenance fees

Conclusion

When choosing an online savings account, it’s important to consider factors such as interest rates, fees, and customer service. The best online savings account for you will depend on your individual financial goals and preferences. Consider these top options and compare them to find the account that best suits your needs.