5 Best Online Checking Accounts of 2014

Personal finance and interest rate resource GOBankingRates released its ranking of the five most competitive checking accounts of the year

Jan 21, 2014, 07:00 ET from GOBankingRates

LOS ANGELES, Jan. 21, 2014 /PRNewswire/ -- An estimated 90 percent of Americans have a checking account1, and with online banking becoming increasingly prominent, more depositors are turning to the conveniences that online checking accounts can provide. 

To help depositors find the best online checking accounts today, GOBankingRates ranked the top online checking accounts of 2014.

RELATED: 5 Best Online Savings Accounts of 2014

"People are used to banking like their parents did 20 years ago; it's time to stop thinking of your checking account as a receptacle for your paycheck, and expect more from it," said Jennifer Calonia, senior editor at GOBankingRates. "There's a reason other industries are jumping onboard with online services -- it's smarter. I foresee online checking accounts becoming a standard in the financial market very soon."  

GOBankingRates' Top-Ranked Online Checking Accounts of 2014

5. EverBank - Yield Pledge Checking

4. Capital One - 360 Checking

3. Bank of Internet - Rewards Checking

2. Ally Bank - Interest Checking

To see which bank's product placed No. 1, go to:

More About the Top-Rated Accounts

"Capital One 360 Checking is more than an account with no hidden fees or minimums. Our checking product and its features empower customers to stay on track to reach their dreams and achieve financial peace of mind," said Laura DiLello for Capital One 360.

"Customers love Rewards Checking because it saves them money every month. It's convenient, hassle-free banking," said Kyle Kolsky, SVP Head of Consumer Deposits for Bank of Internet.

About These Rankings

GOBankingRates evaluated online checking account products from online banks, weighing interest rates, convenience, customer service and fees, to determine the best options for depositors today. Online checking accounts offered by brick-and-mortar institutions were not considered.

1 See "2011 FDIC National Survey of Unbanked and Underbanked Households" (Dec. 26, 2012). Available at: fdic.gov/householdsurvey

About GOBankingRates

GOBankingRates (http://www.gobankingrates.com/) is a personal finance and consumer interest rate website owned by ConsumerTrack, Inc., an online marketing company serving top-tier banks, credit unions and other financial services organizations.

GOBankingRates connects consumers with the best interest rates nationwide on deposit products and loans. Its editors have been featured on several major media outlets, including U.S. News, Yahoo! Finance, Forbes, The Street, and more. Some of the banks listed in this ranking are clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions.

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Connie Lundegard
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SOURCE GOBankingRates