What is the best online bank out there?

Source: ©iStock.com/LincolnRogers

Ally Bank is the top financial institution for those who prefer to do their transactions on the web, according to GOBankingRates. The website looked at 30 online-only banks and determined the 10 best ones out there.

The selection is based on the following factors: checking account fee, savings account APY, one-year CD APY, BauerFinancial Star Rating, and each bank’s accessibility.

Here’s the full top 10:

Ally Bank
Bank5 Connect
Discover Bank
GE Capital Bank
Synchrony Bank
CIT Bank
Sallie Mae Bank
TIAA Direct
First Internet Bank
Barclays Bank

Read more about GOBankingRates’ list here.

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