PickedFinance
Comparison guide

Best online banks

Rates, fees and ATM access differ more than you’d expect between online banks. We read each bank’s checking and savings pages on Nov 10, 2026 and confirmed each charter on FDIC BankFind.

By PickedFinance Editorial TeamLast updated Rates checked Nov 10, 2026

Disclosure: links on this page currently go straight to each provider’s own site, and we don’t earn a commission from them. If we join a provider’s affiliate program later, that will never change which products we include or how we order them. How we make money.

How this page was made: it’s built from each provider’s own terms, rate and fee pages and from regulator sources, all listed at the bottom. We haven’t opened these accounts or products to test them, and we don’t give scores. Every rate shows the day we checked it. Our methodology.

Quick answer

Short answer: for checking and savings together, Ally (3.20% APY savings, no monthly or overdraft fees, 75,000+ no-fee ATMs) and SoFi (0.50% APY checking, 3.30% savings base rate) led on Nov 10, 2026. Capital One 360 adds branches and Cafés. Marcus paid the most on savings, 3.50% APY, but has no checking account.

Last updated Rates checked Nov 10, 2026

Key facts at a glance

Key facts (each rate shows the day we checked it on the provider’s page)
PickProductBest forKey terms
Best all-around online bankAlly Bank Spending AccountChecking and savings with good tools and no feesSavings 3.20% APY (savings; variable; all balance tiers) as of Nov 10, 2026
Most interest on checkingSoFi CheckingInterest on checking and a direct-deposit boost on savingsChecking 0.50% APY (checking; no minimum balance) as of Nov 10, 2026
Online accounts plus branchesCapital One 360 CheckingPeople who want online banking and a branchSavings 3.20% APY (360 Performance Savings; all balances) as of Nov 10, 2026

We read each bank’s checking and savings pages on Nov 10, 2026, and looked up each bank on the FDIC’s[8][9][10] BankFind. Rates are variable. Promotional boosts and sign-up bonuses are mentioned but not used to rank. Axos Bank’s savings and checking pages returned an error when we checked, so it isn’t included. We have no affiliate relationship with any bank here.

Our picks

Best all-around online bank
Ally Bank Spending Account
Savings 3.20% APY (savings; variable; all balance tiers) as of Nov 10, 2026; no monthly, overdraft or minimum-balance fees.
Visit Ally (opens in a new tab)
Most interest on checking
SoFi Checking
Checking 0.50% APY (checking; no minimum balance) as of Nov 10, 2026.
Visit SoFi (opens in a new tab)
Online accounts plus branches
Capital One 360 Checking
Savings 3.20% APY (360 Performance Savings; all balances) as of Nov 10, 2026; 70,000+ fee-free ATMs.
Visit Capital One (opens in a new tab)

How do they compare?

Each bank’s pages, Nov 10, 2026
BankSavings APYChecking APYMonthly feesFee-free ATMsFDIC cert
Ally Bank3.20% APY (savings; variable; all balance tiers) as of Nov 10, 20260.10%–0.25% APY (checking; 0.25% at $15,000+) as of Nov 10, 2026$0; no overdraft fees75,000+; up to $10 per statement cycle reimbursed elsewhere57803
SoFi Bank3.30% APY (savings base rate; SoFi’s footnote dates it Oct. 20, 2026) as of Nov 10, 20260.50% APY (checking; no minimum balance) as of Nov 10, 2026$0; no overdraft or minimum-balance fees55,000+ (Allpoint)26881
Capital One3.20% APY (360 Performance Savings; all balances) as of Nov 10, 20260.10% APY (360 Checking; all balance tiers) as of Nov 10, 2026$0; no overdraft fees70,000+ (Capital One, MoneyPass, Allpoint)4297
Marcus (Goldman Sachs Bank USA)3.50% APY (savings; maximum balance limits apply) as of Nov 10, 2026No checking accountNo feesNot applicable33124

The picks in detail

Best all-around online bank

1. Ally Bank Spending Account

Best for: Checking and savings with good tools and no fees

Ally’s Spending Account (checking) pays 0.10%–0.25% APY (checking; 0.25% at $15,000+) as of Nov 10, 2026 and has $0 monthly maintenance, overdraft and low-balance fees, 75,000+ no-fee ATMs, and up to $10 per statement cycle in reimbursements for other ATMs. Its Savings Account pays 3.20% APY (savings; variable; all balance tiers) as of Nov 10, 2026 with buckets, round ups and automatic transfers. Ally is online only. FDIC[8][9][10] BankFind lists Ally Bank, cert 57803.

Key terms: Savings 3.20% APY (savings; variable; all balance tiers) as of Nov 10, 2026 Ally terms

Pros

  • No monthly or overdraft fees
  • Large no-fee ATM network plus reimbursements
  • Savings buckets

Cons

  • No branches
  • Savings limited to 10 withdrawals per statement cycle
Visit Ally (opens in a new tab)
Most interest on checking

2. SoFi Checking

Best for: Interest on checking and a direct-deposit boost on savings

SoFi Checking pays 0.50% APY (checking; no minimum balance) as of Nov 10, 2026 with no minimum balance, and SoFi charges no monthly, overdraft or minimum-balance fees. Opening one opens the other: SoFi Checking and Savings come together. Savings pays a 3.30% APY (savings base rate; SoFi’s footnote dates it Oct. 20, 2026) as of Nov 10, 2026 base rate; new accounts with eligible direct deposit can get a 1.10% boost for up to six months. SoFi also offers a $50 or $400 bonus with $1,000+ in eligible direct deposits (terms apply), 55,000+ Allpoint ATMs, and up to $3 million in FDIC[8][9][10] coverage through partner banks. FDIC BankFind lists SoFi Bank, N.A., cert 26881.

Key terms: Checking 0.50% APY (checking; no minimum balance) as of Nov 10, 2026 SoFi terms

Pros

  • Highest checking APY here
  • Expanded FDIC coverage through partner banks

Cons

  • Savings base rate is dated Oct. 20, 2026 on SoFi’s page
  • Best rates tied to direct deposit
Visit SoFi (opens in a new tab)
Online accounts plus branches

3. Capital One 360 Checking

Best for: People who want online banking and a branch

Capital One 360 Checking has no fees, no minimums and no overdraft fees, and pays 0.10% APY (360 Checking; all balance tiers) as of Nov 10, 2026. 360 Performance Savings pays 3.20% APY (360 Performance Savings; all balances) as of Nov 10, 2026 with no fees or minimums. You get 70,000+ fee-free ATMs, and you can open accounts or withdraw savings at branches and Cafés. Capital One says Discover Bank deposit accounts opened since May 18, 2025 count with your Capital One deposits for FDIC[8][9][10] coverage. FDIC BankFind lists Capital One, N.A., cert 4297.

Key terms: Savings 3.20% APY (360 Performance Savings; all balances) as of Nov 10, 2026 Capital One terms

Pros

  • Branches and Cafés
  • No overdraft fees

Cons

  • Lower checking APY than SoFi
  • No ATM withdrawals directly from savings
Visit Capital One (opens in a new tab)
Best for The highest savings rate here, if you don’t need checking

4. Marcus Online Savings Account

Best for: The highest savings rate here, if you don’t need checking

Marcus’s Online Savings Account paid 3.50% APY (savings; maximum balance limits apply) as of Nov 10, 2026 (as of Nov 10, 2026), with no fees, no minimum deposit, and same-day transfers of $100,000 or less to and from other banks when requested by 12 p.m. ET on a business day. Marcus doesn’t offer checking, so pair it with a checking account elsewhere. FDIC[8][9][10] BankFind lists Goldman Sachs Bank USA, cert 33124.

Key terms: 3.50% APY (savings; maximum balance limits apply) as of Nov 10, 2026 Marcus terms

Pros

  • Highest savings APY on this page
  • Same-day transfers up to $100,000

Cons

  • No checking account
  • Maximum balance limits apply
Visit Marcus (opens in a new tab)

Are online banks safe?

Each bank on this page is an FDIC-insured institution on BankFind. FDIC[8][9][10] insurance covers up to $250,000 per depositor, per bank, for each ownership category. A brand isn’t always a separate bank: Marcus is Goldman Sachs Bank USA, and Discover Bank accounts now count with Capital One for coverage. See FDIC insurance limits.

Who should skip this

  • You want in-person banking. Ally says it has no branches; of the banks here, only Capital One lists branches and Cafés.
  • You only want the top savings rate. Compare more banks on best high-yield savings accounts.

Frequently asked questions

Which online bank pays the most on savings?
Of the banks on this page, Marcus at 3.50% APY on Nov 10, 2026. SoFi’s base rate was 3.30% (dated Oct. 20, 2026 on its page), and Ally and Capital One both paid 3.20%.
Do online banks charge overdraft fees?
Ally, SoFi and Capital One all say they don’t charge overdraft fees on these accounts.
Can I use ATMs with an online bank?
Yes. Ally lists 75,000+ no-fee ATMs, Capital One 70,000+, and SoFi 55,000+ in the Allpoint network.
Is my money insured at an online bank?
Yes, at FDIC-insured banks, up to $250,000 per depositor, per bank, per ownership category. Each bank here is listed on FDIC[8][9][10] BankFind.
Do you earn money from these banks?
No. We have no affiliate relationship with any bank on this page.

Sources

Every source below was opened and read for this page (rates last checked Nov 10, 2026). Providers’ own pages are labeled with the provider’s name; regulator pages are labeled with the agency. Rates and terms change often, so confirm on the provider’s site before you apply.

  1. Ally Bank: Spending Account (ally.com, checked Nov 10, 2026)
  2. Ally Bank: Savings Account (ally.com, checked Nov 10, 2026)
  3. SoFi: Checking Account (sofi.com, checked Nov 10, 2026)
  4. SoFi: Savings Account (sofi.com, checked Nov 10, 2026)
  5. Capital One: 360 Checking (capitalone.com, checked Nov 10, 2026)
  6. Capital One: 360 Performance Savings (capitalone.com, checked Nov 10, 2026)
  7. Marcus by Goldman Sachs: Online Savings (marcus.com, checked Nov 10, 2026)
  8. FDIC BankFind: Ally Bank (banks.data.fdic.gov, checked Nov 10, 2026)
  9. FDIC BankFind: SoFi Bank, N.A. (banks.data.fdic.gov, checked Nov 10, 2026)
  10. FDIC BankFind: Capital One, N.A. (banks.data.fdic.gov, checked Nov 10, 2026)
  11. FDIC BankFind: Goldman Sachs Bank USA (banks.data.fdic.gov, checked Nov 10, 2026)
  12. FDIC: Understanding Deposit Insurance (fdic.gov, checked Nov 10, 2026)
comparison

Ally vs. Capital One 360 Performance Savings

On Nov 10, 2026, both paid 3.20% APY on every balance with no monthly fees or minimums. The choice comes down to savings tools versus in-person access.

best of

Best free checking accounts

All four accounts here have no monthly maintenance fee, no minimum balance and no overdraft fees, per each bank’s page on Nov 10, 2026. They differ on ATM access, whether you can deposit cash, interest, and what optional services still cost.

best of

Best high-yield savings accounts

Every account here is at an FDIC-insured bank, charges no monthly maintenance fee and paid 3.20% APY or more on the bank’s own page on Nov 10, 2026, versus the FDIC’s 0.38% national average for savings. The differences are tiers, minimums and how you move money.