EmailBest Reviewed
Online Banking
- Most flexible online banking Bank of America *Est. $0
- Best online checking account Schwab Bank High Yield Investor Checking *Est. $0
- Best online savings account FNBO Bank *Est. $0
- Online savings for special occasions, events SmartyPig *Est. $0
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Specifications
- Features
- Best Reviewed Account Type(s)
- Savings
- APY as of 04/07/09
- 3.05 percent APY
- Parent Bank
- West Bank (Des Moines, Iowa)
- BankRate.com Stability Rating
- 3 stars
- Liability Protection
- No
- Min. Balance to Open
- $25
- Special Requirements
- One savings goal of at least $250 per account, funded by monthly direct deposit
- Monthly Fees
- No
- Min. Balance to Avoid Fees
- None
- Direct deposit required?
- Yes, min. $25/month per goal
- Physical Branches in U.S.?
- No
- How to Deposit
- Electronic transfer from another bank, or mail check, or online gift card. Credit card can be used to entails a 2.99-percent fee
- How to Withdraw
- At close of savings goal, by debit card or gift card (with bonus) at participating retailer
- Withdrawal Fees?
- No
- Transfer Between Accounts?
- N/A
- Transfer Between Banks?
- Yes
- Limit to Daily Transfer Between Banks
- $1,500
- Estimated Transfer Days Between Banks
- 5 to 7 days
- Write Checks?
- No
- Debit Cards?
- Only at close of account
- Online Bill Paying?
- No
- Reimburse ATM Fees?
- N/A
- Number of ATMs in U.S.
- No
- International ATMs
- No
- Live Phone Support
- M-Sat (but prefer email)
- Optional Overdraft Protection?
- N/A
- Mobile Banking?
- No
- Social Networking?
- Yes: can make a goal private or public, decide what data to share, invited friends; others can contribute to savings goal or make comments
- Integration with Financial Management Tools?
- Yes: online sites like Mint, Geezeo, Wesabe, Rudder, Yodlee, Buxfer, and Expensr
- Notable Features
- Separate account for each savings goal with online progress tracking. Gift cards to "give someone the gift of savings"
