With the fast-paced and digitally-driven world we are living in today, banking has evolved to meet the needs of modern consumers. Gone are the days when you have to physically go to a bank or wait in long lines just to perform transactions or check your account balance. Digital banking has made everything easier and more convenient, especially for those who are always on the go.
But with so many digital banking options available in the US, it can be challenging to choose the best one that suits your financial needs. To help you make an informed decision, we’ve rounded up the top digital banks in the US that offer great features and benefits.
1. Ally Bank
Ally Bank is a popular digital bank that offers high-interest savings accounts, checking accounts, money market accounts, and CDs. It has no monthly maintenance fees, minimum balance requirements, and ATM fees, making it a great option for those who want to save more money. Ally Bank also has a mobile app that allows you to deposit checks, pay bills, and transfer funds with ease.
2. Chime
Chime is a digital bank that offers a spending account and a savings account with no hidden fees. It also has a feature that allows you to get paid up to two days early with direct deposit. Chime also offers automatic savings tools, such as round-ups and save when you get paid, to help you save more money effortlessly.
3. Discover Bank
Discover Bank is a full-service online bank that offers checking accounts, savings accounts, money market accounts, and CDs. It has no monthly fees and offers cashback rewards for debit card purchases. Discover Bank also has a mobile app that allows you to manage your accounts and deposit checks.
4. Capital One 360
Capital One 360 is an online bank that offers checking accounts, savings accounts, money market accounts, and CDs. It has no monthly fees and offers a high-interest rate on its savings account. Capital One 360 also has a mobile app that allows you to manage your accounts and deposit checks.
5. Simple
Simple is a digital bank that offers a checking account and a high-yield savings account. It has no overdraft fees and no monthly fees. Simple also offers budgeting tools and automatic savings features to help you manage your money better. Its mobile app also allows you to track your spending and savings goals.
6. Varo Bank
Varo Bank is a digital bank that offers a checking account and a savings account with no monthly fees and no minimum balance requirements. It also offers early direct deposit, cashback rewards, and automatic savings tools. Varo Bank also has a mobile app that allows you to deposit checks, pay bills, and transfer funds with ease.
7. Axos Bank
Axos Bank is an online bank that offers checking accounts, savings accounts, money market accounts, and CDs. It has no monthly fees and offers a high-interest rate on its savings account. Axos Bank also offers cashback rewards for debit card purchases and a mobile app that allows you to manage your accounts and deposit checks.
8. Marcus by Goldman Sachs
Marcus by Goldman Sachs is a digital bank that offers high-yield savings accounts, CDs, and personal loans. It has no monthly fees and offers a competitive interest rate on its savings account. Marcus by Goldman Sachs also has a mobile app that allows you to manage your accounts and deposit checks.
9. Aspiration
Aspiration is a digital bank that offers a checking account and a savings account with no monthly fees. It also offers cashback rewards for debit card purchases and donates a portion of its earnings to charity. Aspiration also has a mobile app that allows you to manage your accounts and track your spending.
10. Bank of America
Bank of America is a traditional bank that also offers online banking services. It offers checking accounts, savings accounts, money market accounts, and CDs. Bank of America also has a mobile app that allows you to manage your accounts, deposit checks, and pay bills.
Choosing the best digital bank for your financial needs depends on your preferences and priorities. Consider the fees, interest rates, features, and benefits of each bank before making a decision. With the right digital bank, you can manage your finances more efficiently and conveniently than ever before.
So, what are you waiting for? Start exploring your options and find the best US digital bank that suits your needs today!