High APY online banking rates are a great way to earn high interest rates when investing your money in online bank accounts.
These online savings accounts and online checking accounts provide some of the highest interest rates available from any bank.
Online banking accounts offer higher interest rates than most brick-and-mortar bank accounts, because they have less operating costs.
Most online bank accounts are also free, so you can really earn great interest rates with no fees from these free online accounts.
These Internet banking accounts are fully FDIC-insured, so your money is completely secure when deposited in online savings and checking accounts.
Take advantage of these high-interest bank accounts to earn a great interest rate when you deposit your money into a safe online bank account.
High APY Online Bank Rates
Get high banking rates with no fees from these online deposit accounts.
Ally Online Savings Account – 0.85% APY (effective as of November 12, 2013)
The Ally Bank Online Savings Account offers a high APY with no minimum balance requirements, no monthly maintenance fees, and no minimum opening balance requirement.
Read our Ally Bank Account Review for more details on Ally Bank online bank accounts.
Read our Ally Bank Interest Checking Account Review to earn interest on your checking account deposits with no banking fees.
You may also be interested in SEP IRAs from Ally Bank to invest your self-employment income into a tax-deductible IRA.
American Express Personal Savings
American Express High-Yield Savings Account – .85% APY
American Express personal savings accounts include online high-yield savings accounts with no monthly fees and no minimum balance requirements as well as certificate of deposit accounts with high interest rates.
Bank of Internet
Bank of Internet High Yield Savings Account – .61% APY
The Bank of Internet High Yield Savings Account offers a high APY with no minimum balance requirements, no monthly maintenance fees, and a low $100 minimum opening deposit requirement.
Read our Bank of Internet Account Review for more details on Bank of Internet online bank accounts.
Barclays Online Banking
Barclays Online Savings – 0.90% APY
Barclays Online Banking offers competitive interest rates on savings accounts with no monthly maintenance fees and no minimum balance requirements.
Capital One 360
360 Savings Account – 0.75% APY
360 Checking Account – up to 0.85% APY
Capital One 360 offers online bank accounts including the 360 Savings account with a great APY, no fees, and no minimums as well as the 360 Checking account. The 360 Checking account does require higher balances to receive the full interest rate.
Read our Capital One 360 Review for more information about Capital One 360 online banking services.
Check out the Capital One 360 Referral Program to earn new account bonuses and extra cash when you refer your friends.
CIT Savings – Up to 0.85% APY
Open a CIT Savings account with only $100 and a .80% APY interest rate, plus get a 0.85% APY when you deposit $25,000 or more. There is no monthly maintenance fee and your CIT Savings account has full FDIC protection up to at least $250,000.
Discover Bank Online Savings Account – .80% APY
Discover Bank offers a free online savings account with high interest rates as well as money market accounts, CDs, and IRA CDs with great rates.
AAA members can get AAA Preferred Discover Bank Account Rates for a 5 basis points increase on your APY.
Dollar Savings Direct
Dollar Savings Account – .55% APY
Dollar Savings Direct, a division of Emigrant Bank, offers a high-interest rate online savings account with no fees and no service charges, plus this FDIC-insured online bank account is completely secure.
AmericanDream Savings Account – .50% APY
Emigrant Direct, a division of Emigrant Bank, offers the AmericanDream Savings Account with a great interest rate, no minimum balance requirements, and no banking fees.
EverBank Yield Pledge Checking Account – 1.10% APY (6-month bonus rate) / 0.78% APY (1st-Year APY)
EverBank Yield Pledge Money Market Account – 1.10% APY (6-month bonus rate) / 0.86% APY (1st-Year APY)
The EverBank high yield checking and high yield money market accounts offer a high APY with a special 6-month bonus rate, although the checking account does require higher balances to receive the full interest rate after the 6-month bonus period ends. Both of these EverBank online accounts have a $1,500 minimum opening balance requirement. The checking account has no maintenance fees and no minimum balance requirements while the money market account requires a $5,000 minimum balance to avoid the $8.95 monthly maintenance fee.
Review this EverBank Satisfaction Guarantee promotion before you open an account.
Read our EverBank Checking Review for additional details.
FNBO Direct Online Savings Account – .85% APY
FNBO Direct offers the Online Savings Account with no fees, no minimum balance requirements, a low $1 minimum opening deposit requirement, and a high rate APY.
Read our FNBO Direct Banking Review for more details on FNBO Direct Online Savings Accounts and the ExtraEarnings Visa Card that offers a 2% cash rebate on purchases for your first year with no annual fee.
iGOsavings High Interest Savings Account – .25% APY
The iGOsavings account from iGObanking.com is a high interest online savings account with no monthly maintenance charges and a low $1 minimum balance requirement. iGObanking offers high interest checking accounts, savings accounts, and CDs that are fully FDIC insured, so your money is safe in iGObanking online accounts.
Sallie Mae Bank
Sallie Mae Online High-Yield Savings Account – .90% APY
The Sallie Mae Online High-Yield Savings Account is a free online savings account with no monthly maintenance fees and no minimum balance requirement, plus you’ll receive a high interest rate on your deposited funds.
Read our Sallie Mae Online Savings Account Review for more details on earning 10% in Upromise matching funds with your Sallie Mae savings account.
TIAA Direct High Yield Savings Account – 0.76% APY
The TIAA Direct savings account offers a high APY with no monthly maintenance fees and no minimum balance requirements.
Read our TIAA Direct Online Savings Account Review for more details about this free online bank account from TIAA Direct.
Urban Partnership Bank
Urban Partnership Bank Online Savings Account – .70% APY
Urban Partnership Bank (formerly ShoreBank) offers the Direct Online Savings Account with a high interest rate and no fees, plus Urban Partnership Bank contributes to community services. You’ll receive a .75% APY with a minimum balance of $100,000, or a .70% APY with balances between $1 and $99,999.99.
Read our ShoreBank Review for more details on this online savings account.
VirtualBank eMoney Market Accounts – up to 0.78% APY
VirtualBank offers online savings accounts, checking accounts, and the free eMoney Market account with a great interest rate, although higher balances are required to earn the full interest rate with the eMoney Market account.
Zions Bank Internet Savings Account – .50% APY
Zions Bank Internet Money Market Account – .50% APY
The Zions Internet Savings Account has no monthly fees with a low $100 minimum opening balance requirement, but a $1,000 minimum balance is required to receive the high interest rate. The Internet Money Market Account has no monthly fees as well, but a $2,500 minimum balance is required to earn the full interest rate. Both of these Zions Bank deposit accounts are FDIC-insured free online bank accounts.
Take advantage of these online bank accounts to get the best interest rates with no banking fees for fully FDIC-insured online checking accounts and online savings accounts that provide high-interest Internet banking.