The 4 Most Recognized Online Banks
Marcus by Goldman Sachs
Marcus, the online banking arm of Goldman Sachs, offers high Savings and No Penalty CD rates with no transaction fees ever. Throughout its existence, Marcus has been consistently interest rate competitive and offered super fast ACH transfers (although you can also deposit by check or wire transfer), easy web access and strong customer service. While the FDIC only insures an individual’s account balances to $250,000, you can maintain up to $1 million in a Marcus account.
Citizens Bank
![Citizens logo](https://www.bestcashcow.com/images/ads/citizens_logo.jpg)
Citizens Bank N.A. is one of the oldest and most established banks in the US and has now been in the online banking space for several years. Accounts here have been consistently competitive and Citizens never charge any fees so long as you maintain a $5,000 balance.
Ally Bank
Ally Bank is the former GMAC bank but its strong advertising campaign has built an independent name recognition over the last decade. The bank today is known for its great customer service, user-friendly mobile apps, and low CD early withdrawal penalties. Once you open an Ally account, you also have access to offers on their suite of other products, including Ally Invest, a recently launched online trading platform.
Synchrony Bank
Synchrony Bank, formerly GE Capital Retail Bank, has offered very competitive online savings and CD rates for some time and is well recognized for its strong customer service. A Synchrony account gives access to a travel discount program and an ATM card for easier access to your cash. However, the bank lacks a mobile app and the website can be frustrating.
That signature card that they email you and require that you upload a jpeg of your signature. pay close attention to it. It has your account number on it. If you submit the jpeg signature before you wri... More Reviews