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Checking and savings
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Before you continue
Common questions about banking
Is my money safe at an online bank?+
If it is FDIC-insured, deposits are protected up to $250,000 per depositor, per institution, per ownership category, exactly as at a branch bank.
Why are online rates so much higher?+
No branch network means far lower overhead, and online banks compete for deposits on rate rather than on location.
Should I pick a CD or savings?+
A CD locks the rate but also locks the money. Savings stays liquid but the rate can fall. Match the choice to when you actually need the cash.