Online Banks: Best of the Breed

What would you rather do: Stand in line or go online? Money Magazine gives you three reasons to say so long to your teller.

EverBank
EverBank
YIELD ON SAVINGS:
5.01%, $1,500 minimum balance required
YIELD ON CHECKING:
3.41% and up, $800 minimum balance required to avoid fees
ATM REIMBURSEMENT:
Up to $6 a month
CHECK WRITING: Yes
EverBank pledges that its yield will be within 5% of other national competitors'.

Deposits are made via prepaid envelopes supplied by the institution, or through a network of 13,000 ATMs that are enabled to credit deposits to your account.

The downside? You have to mail in your ATM reimbursement claims - not very high-tech for a Web-only outfit.

E-Trade

HSBC Direct

EverBank
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.