The best online banks are generally associated with high yields savings accounts. Although, offering high interest rates on savings accounts is a significant feature of an online bank, offering additional products and services such as certificates of deposit, checking accounts and good customer service separates the best online banks from a bank that offers just the best online savings account.
Most online banks or online bank divisions of brick and mortar banks offer high yielding deposit accounts because of much lower overhead costs. In today’s competitive banking environment, the best online banks typically offer more conveniences and advantages than just high yields over accounts at traditional neighborhood banks and credit unions. For many consumers shopping for the best online bank however, it still does comes down to finding the best bank interest rates.
For most measures to determine the best online bank, Capital One Bank and their online banking products delivered through Capital One Direct Banking are in the top of the class.
Capital One Bank has one of the highest online savings accounts rates currently on the market. The bank offers a high yield money market account online that is in the top ten percent of bank money market rates. Capital One Bank also offers a free online checking account that earns a very competitive interest rate. In addition to these products, the online bank promotes certificates of deposit and a business money market account.
Online banking should have a deep product mix like that of Capital One and should be simple and quick to work with regarding account activity and management. Capital One Bank does well in this segment as well with easy online bank features such as the ability to transfer funds between a Capital One bank account and from any other bank or brokerage account. Online bank services at Capital One allow for downloading of transaction histories into Intuit Quicken or Microsoft Money software for bank customers that prefer those financial management tools.
Capital One Bank has available mobile banking that offers many of the same features and services available with online banking. The online bank services also include free alerts that provide updates either by phone, e-mail, or a wireless device when essential transactions occur in one of the bank accounts.
Customer service with Capital One Bank is available online or via phone. Capital One Bank is headquartered in McLean, Virginia. The company as a whole offers a broad array of financial products and services to consumers, small businesses and commercial clients and may be best known for their credit card products. Capital One operates approximately 1,000 bank branch locations in New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of Columbia. Capital One is one of the top twenty largest banks in the nation ranked by assets.
All bank deposit accounts are FDIC insured guaranteeing the safety and security of account funds from bank loss.
To find more information on Capital One Bank products see Capital One CDs or the best online savings accounts. To see more information on the top ten best savings account rates and the top ten best money market account rates see savings account rates or money market account rates.
Tags: bank money market rates, best bank interest rates, Best Online Bank, Capital One Bank, certificates of deposit, checking accounts, high yields savings accounts, online bank, online savings accounts
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