(PRWEB) October 02, 2013
Today, banking experts from Creditnet.com, a leading banking and credit card website that allows users to compare online savings accounts, announced their choices for the top three best online savings accounts of the year. With the global recession having a negative impact on interest rates, the experts at Creditnet tried to come up with a list of the best online savings accounts based on interest rates, minimum deposit amount, fees, customer reviews, and their own expert opinion.
Here are the best online savings accounts of the year, according to Creditnet.com:
1) GE Capital Bank Online Savings Account – The Online Savings Account from GE Capital Bank is this year’s choice for the best online savings account. With GE Capital Bank, Online Savings Account customers get an APY rate of 0.90% compounded daily, as of October 1st, 2013. There is no minimum deposit required to open the account, and there are no monthly fees to use the account. GE Capital Bank is rated 5 out of 5 stars by Bankrate.
2) Ally Bank Online Savings Account – The Online Savings Account product from Ally Bank is another great choice. With the Ally Bank Online Savings Account, customers get a 0.84% APY compounded daily, as of October 1st, 2013. There is no minimum deposit required to open the account, and no monthly fees are required. Ally Bank is rated 4 out of 5 stars by Bankrate.
3) Discover Bank – Discover Bank’s online savings account offers a 0.80% APY, compounded daily as of October 1st, 2013. There is a $500 minimum deposit to open the account, but there are no fees required to use the account.
People interested in comparing bank account products including online savings accounts, checking accounts, money market accounts, investment accounts, CD accounts, and more can do so using Creditnet’s tool located here: http://www.Creditnet.com/banking.