To determine the best available online bank and neobank savings accounts, GOBankingRates ranked 35 online bank accounts based on a number of factors, including:Total assetsMinimum deposit to open an accountMonthly saving fee ratioMinimum balance needed in account to earn APYSavings APYMobile app ratingsGOBankingRates’ Best Online and Neobank Savings Accounts of 2023Best for excellent APY Salem Five Direct 4.9 Review GOBankingRates scores and rankings are objectively determined by our research/editorial team. READ FULL REVIEW Why we like the GO2bank Savings Account The GO2bank Savings Account offers 4.50% APY on all balances up to $5,000. Marcus by Goldman Sachs offers one savings account: its online, high-yield savings account offering 3.30% APY. READ FULL REVIEW Why we like the TAB Bank High Yield Savings Account TAB Bank’s High Yield Savings account has no minimum deposit to open. What To Know About Online and Neobank Savings AccountsOnline savings accounts operate much like a traditional savings account, except there are no physical locations where you can do your banking.
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