10 Best Banks for Students

One of the items on the back-to-school checklist is finding the best banks for students. Parents and their kids search hard for banks that provide checking accounts for students. Young adults who are going to college are particularly excited about finding a bank to open a checking account with. There are many banks that are considered in this quest including online banks, credit unions, community banks, and huge commercial banks. Of the ten largest banks in the US, six of them provide free checking accounts after verification of the students’ enrollment status. Some banks may charge monthly fees and one bank does not care for enrollment status.
List of Top Rated 10 Best Banks for Students in 2013

Best Bank for Savings Account

This list of 10 best bank for savings account will be of invaluable help when you learn that online banks offer way higher interest rates than conventional brick and mortar banks. It will be of much help especially if you are looking to keep your money in a safe place where it will earn a considerable amount of interest. It wouldn’t hurt if you would get several other value addition services from the bank. Everything is now going digital and banks are not being left behind. There is a group of companies, some of them with massive resources, operating online only banks.

Best Bank for College Students

Parents and their kids are frequently embarking on quests to find the best bank for college students before the kids go to college. As if college tuition fees are not enough, parents have to grapple with the fact that their children need bank accounts to enable them to spend money on what they need. Bank accounts for college students are not exactly conventional accounts. This is mainly because they are temporary accounts and that the students do not have a consistent revenue stream. This article will shed light on a question that plagues parents and that is, “what is the best bank for college students?”

Best Online Banks 2013

In this article we shall review some of the best online banks 2013 has in store for Internet savvy users. With the Internet at such an advanced stage, almost every other thing is going online and it makes sense, therefore, for bankers to allow people complete control of their finances over the Internet. The convenience of round-the-clock banking from anywhere is too hard to ignore. Online banks have vastly different packages but the most important ones include: loans, savings, checking, and other value addition services. The following are some of the best online only banks 2013 has to offer.

Five Great Internet Banks

Bothersome bank fees can add up, which only encourages desperate financial institutions to try to collect even more of them. For example, Bank of America recently announced plans to charge a $5 monthly fee for debit card use. Thankfully, a customer revolt put a stop to that, and similar plans by Chase and Wells Fargo, to name but two.

Updated Online Savings Account Rates

I am a big proponent of online high-yield sa vings accounts, because they offer much better savings rates than most traditional savings accounts, and they are a little harder to access. You might think ease of access is a good thing, but it’s not a good thing if it’s too easy to tap into your emergency fund or short-term savings.

Finding The Best Online Bank

Online banks are the place to bank these days. Everyone is looking for the bank that is paying the absolute highest interest rate on savings accounts. However, finding the best online bank is not just a matter of determining who is paying the highest interest rate. While a high interest rate is important, there are a number of different factors to take into consideration. For example, you have to look at the operations of the entire bank and see if it is the best place for your money. Here are 5 things to look for when opening your new savings account:

Ally Bank Review – Online Bank With No Minimum Balance Required

Ally Bank was started in 2009 by a bank holding company, Ally Financial, as an online retail bank. Ally Financial states that when it launched Ally Bank, the intention was to offer low fees by reducing the costs of maintaining a physical location.

Furthermore, the bank set out to provide customers with 24/7 support, as well as the flexibility to move their money at any time. Since its inception, Ally has quickly grown to become a well-respected financial institution by many customers, and was even hailed as one of the “five great Internet banks” in 2011 by PC Magazine.

Best Online Banks

Recent consumer-friendly credit-card legislation limiting pesky fees and new rules that put a lid on overdraft charges have put a damper on banks' bottom lines. The downside: Banks used those revenues from fees to subsidize free checking. Now when you open a checking account, you'll likely pay a monthly service charge unless you keep a minimum balance, use your debit card a certain number of times each month or meet some other condition.

Top Reasons to Use an Online Only Bank

Cha-ching! That's the sound of money. It's also the top reason to use an online only bank.

Online only banks can offer better interest rates because they don't have to pay for brick-and-mortar operations. They pass the savings on to you. The best online banks sometimes offer as much as four times the interest rates of traditional banks, at least in this protracted low-interest environment spawned by the Great Recession. Rates are subject to change daily, but at times can remain stable for six months or longer.