Looking for new online bank

[LobbyMonster]

Hello! I am looking for a new online bank that has good interest rates. I may also consider getting CDs through them as well. I do not need checks, atm, mobile deposit, etc.

I have Capital 360 (formerly known as ING Direct) for many years already and it may be time to find another. I was looking around and "Ally Bank" seems to be the best I could find that seems reputable. Does anyone have any better suggestions? Thank you!

[Making Cents]

I've been very happy with Ally for small amounts of savings that need to be fully liquid and easy to transfer elsewhere.

[realityinabox]

You should check out LMCU.  They are a Michigan based credit union, but I believe you can still enroll if you are out of state if you donate $10 to a specific charity (details on their website).  You get 3% interested on up to $15k in your checking account, plus no weird hidden fees. They're pretty great.

[tj]

I use Alliant Credit Union. They are Chicago based and you can get in by donating a small amount to a charity.

You can use a lot ot credit union and US Bank ATMs for check deposits, Ive never had an issue. They alos rebate the $3 fee for out of network ATMs up to a certain amount per month.

[MDM]

See http://www.magnifymoney.com/blog/earning-interest/best-online-savings-accounts275921001 for five options.

[Jack]

I was looking around and "Ally Bank" seems to be the best I could find that seems reputable.

You say that as if you don't quite believe it.

FYI, Ally Bank is a subsidiary of Ally Financial, which is the rebranded name of GMAC, which is the spun-off finance arm of General Motors. It's a relatively new brand, but it's actually a big established company (almost 100 years old).

[Another Reader]

www.depositaccounts.com

Best comprehensive surveys of rates, account types, and institutions I have found.  If a deal for a CD comes along, you will likely find it there.

I use Ally, Sallie Mae, Synchrony Bank, and GE Capital.  Goldman Sachs just bought GE Capital, so I just paid a lot of annual bills out of that account and will close it if the pickpockets start messing with the structure and fees.

[Eric222]

I really like Ally - but I only used it for savings (For awhile there I had to quarantine savings from myself).  Their phone apps and online presence are easy to use and their interest rates were comparatively good (I don't think that's changed). 

It is really easy to open an account.  Transfer $20 in and see if you like it....sort of like a try before you buy!

[kittenwhiskers]

Barclay's has 1% rate on savings; I don't know if it's the same elsewhere, but it typically takes several days to transfer $ to another bank.

[Zebra]

Ally is going to be announcing new tiered interest rates on Nov. 7, so you might want to wait a couple of days to see what that looks like.