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Online Banks
Banks that are based online offer excellent incentives and Interest
rates not typically found at local banks. Online Savings Accounts tend
to have a higher APY (Annual Percentage Yield) allowing you to earn
more from your savings. It is fast and simple to open an account with
an online bank (no
deposit required).
Saving
Account
An online savings account is the
very similiar to a savings account at
your local bank. The difference is an online savings account is managed
and funded primarily on the Internet. Since online savings accounts are
accessible from anywhere they are popular and can offer great deals and
much better Interest rates.
Local Banks
Online Banking is extremely popular. Local banks nationwide now provide
access to your bank accounts and allow online transactions.
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