10 Best Online Banks of 2023: Top Digital Banking Options

Explore the Top Online Banks of 2023 and Choose the Best Option for Your Financial Needs

Navigating the world of online banking can be daunting, especially with so many options available. To help you make an informed decision, we’ve compiled a list of the 10 best online banks of 2023. These digital banking platforms cater to a wide range of users, from tech-savvy teenagers to busy professionals and retirees seeking convenience and flexibility.

Ally Bank

Ally Bank has established itself as a top contender in the online banking world. They offer a range of products, including high-yield savings accounts, checking accounts, and competitive CD rates. With no monthly maintenance fees and 24/7 customer support, Ally Bank is a solid choice for those seeking a comprehensive online banking experience.


Chime is a mobile-first banking platform that’s perfect for those always on the go. They offer fee-free banking, automatic savings features, and early direct deposit, allowing you to access your paycheck up to two days early. Chime also provides a user-friendly mobile app, making it easy to manage your finances from anywhere.

Axos Bank

Axos Bank is known for its high-yield savings and checking accounts, with industry-leading interest rates. They offer a range of account options, including cash-back checking accounts that reward you for everyday spending. Axos Bank is also a great option for small businesses, offering specialized accounts and services tailored to their needs.


As the name suggests, Simple aims to simplify banking for its customers. With an intuitive mobile app, budgeting tools, and no hidden fees, Simple makes it easy to manage your money. They also offer a high-yield savings account called Simple Protected Goals, which helps you save money effortlessly.

Marcus by Goldman Sachs

Marcus is an online bank backed by the renowned investment firm Goldman Sachs. They offer high-yield savings accounts, personal loans, and CDs at competitive rates. Marcus focuses on helping customers grow their savings and offers helpful financial tools, such as their savings calculator, to assist in reaching your financial goals.

Discover Bank

Discover Bank is not only a credit card issuer but also a top online bank. They offer a range of banking products, including high-yield savings accounts, checking accounts, and CDs. With no minimum balance requirements, no monthly fees, and 24/7 customer support, Discover Bank is an excellent option for individuals seeking a hassle-free banking experience.

Varo Bank

Varo Bank is a mobile-first banking platform designed for convenience and ease of use. They offer fee-free banking, high-yield savings accounts, and early direct deposit. Varo Bank also provides various financial tools, such as a built-in budgeting tool, to help you manage your finances effectively.

SoFi Money

SoFi Money is a hybrid account that combines the best features of checking and savings accounts. They offer high-yield interest, no account fees, and free ATM access worldwide. SoFi Money is also known for its extensive suite of financial products, including loans and investment options, making it a one-stop-shop for your financial needs.


Aspiration is an eco-friendly online bank that promotes sustainable practices. They offer a Spend & Save account with competitive interest rates and cash-back rewards for spending at socially-conscious businesses. Aspiration also pledges to offset carbon emissions by planting a tree for every round-up transaction made through its platform.

CIT Bank

CIT Bank offers a variety of high-yield savings accounts, checking accounts, and CDs to meet your financial needs. With competitive interest rates, no monthly fees, and low minimum deposit requirements, CIT Bank is an excellent choice for individuals looking to grow their savings. Additionally, they provide a user-friendly mobile app and online platform, allowing you to manage your accounts effortlessly.


The best online bank for you depends on your unique financial needs and preferences. By considering factors such as interest rates, account fees, mobile app features, and additional financial products offered, you can find the perfect fit for your banking needs. The 10 best online banks of 2023 highlighted in this article offer a variety of options, from high-yield savings accounts to eco-friendly banking platforms.

Keep in mind that online banks are constantly evolving, so it’s essential to stay up-to-date with the latest offerings and features. As you explore these top online banks, remember to compare their services and choose the one that aligns with your financial goals and lifestyle. With the right online bank, managing your finances can be a seamless and enjoyable experience.

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