You have seen their ads and you may have wondered if they are worth a second look. What am I talking about? Online banks! Also known as internet banks, these are financial institutions who provide the majority of their banking services over the internet. Typically, online banks offer consumers high savings rates, low loan rates, and a mix of other services. Let's look at 7 winners in this fast growing field:
1. E Trade Bank Part of E Trade Financial, the discount internet stockbroker. E Trade Bank offers checking accounts, money markets, and certificates of deposits as well as a VISA credit card.
2. Netbank Along with offering checking and money market accounts, Netbank provides mortgage and home equity lines of credit to customers. With tie-ins to affiliated companies Netbank also offers Auto, Homeowners, Condo/Co-op & Renters Insurance and Life, Health, Long Term Care & Dental Insurance.
3. Virtual Bank VirtualBank, a division of Lydian Private Bank, is a federally chartered bank regulated by the Office of Thrift Supervision. The bank offers checking, savings, and credit card services to customers.
4. Ever Bank This leading internet provider of banking services offers the most extensive, and varied services of any online institution. Ever Bank offers business and personal checking accounts, mortgages, home equity loans/lines of credit, reverse mortgages, a VISA credit card, and world currency accounts. This latter category is for investing in Deposit accounts and CDs denominated in any major world currency.
5. Emigrant Direct Part of Emigrant Savings Bank which traces its roots back to 1850 as a service provider to Irish immigrants. Emigrant has $10 billion in assets and more than $1 billion in net worth. It operates as a full service bank through 36 branches in the New York metropolitan area, and through EmigrantDirect.com. Emigrant offers only consumer services online; their high paying savings account is a chief investment vehicle.
6. ING Direct ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in more than 50 countries. ING offers mortgages, loans/lines of credit, savings accounts, certificates of deposit, and money market mutual funds through another division.
7. MetLife Bank Yes, MetLife. A division of insurance powerhouse Metropolitan Life, MetLife Bank offers savings accounts, certificates of deposit, money market accounts, mortgages, and IRAs to consumers.
If you are banking exclusively with a "brick and mortar" institution you may be missing out on high paying investment options or competitive loan rates that easily undercut many traditional banking entities. These online banking success stories are only part of a growing number of savvy providers, some of whom are definitely worth a closer look by you, the consumer.
Matt writes extensively about business, health, and web management issues when not managing his busy sites including the Corporate Flight Attendant Community at http://www.cabinmanagers.com
Networking is probably the best way to build a profitable... Read More
Many people find it really hard to write for business... Read More
Your business card is a valuable piece of real estate... Read More
What follows is a bold statement, but sometimes it takes... Read More
If you are like me, you are living some distance... Read More
1. Locks and Padlocks ? Locks on all outside entrances... Read More
How's your business going to keep growing with the holidays... Read More
Studies have proven that there is one reason why people... Read More
What is Choice Theory (CT)? CT is a theory of... Read More
1. Admit there is a problem.The very first step in... Read More
One way links will help you gain better rankings in... Read More
Leadership, leadership development and leadership training are "Hot" issues in... Read More
Talking is the least important half of any conversation. Listening... Read More
Whether you are self employed or you work for someone... Read More
Part Two of Cash to Cash Cycle SeriesNext: SalesWe've already... Read More
This is a quick checklist of a few things that... Read More
Proofreading may not be terribly fun, but it's one of... Read More
Let's put to rest the fallacy that success, in sales... Read More
1. Get to know people. First meet those people in... Read More
In building and runnng an independent private practice or small... Read More
I'm sure you've seen it happen every year: your business... Read More
mistake #1: rely just on financial statementsProfit and loss, revenue... Read More
Here are seven excellent ways to earn income from international... Read More
The lack of strong boundaries is one of the chief... Read More
It is possible for small companies and individual business people... Read More
Cross cultural differences can and do impede upon communication and... Read More
Authors/publishers are great at getting their books written. Entrepreneurs know... Read More
While some new business owners face the issue of not... Read More
Email etiquette is the key to help calm down anxious... Read More
1. Use subheads throughout your ad copy.Subheads are great to... Read More
There are lots of benefits for some businesses to import... Read More
The Ten Commandments of Goal Setting While it's good to... Read More
Use the checklist below to make sure your article, tip,... Read More
What is a niche business? A niche business is one... Read More
With today's technology and people's need for more information it... Read More
So you have set up your company, fairly established and... Read More
The 2004 election is over--at least in the minds of... Read More
Email etiquette is the key to help calm down anxious... Read More
1. Great Things Take Time ? Three years passed between... Read More
10 Ways to Boost your ProfitabilitySo many business owners work... Read More
Never in history have more entrepreneurs launched more new businesses!... Read More
Use the checklist below to make sure your article, tip,... Read More
So how do you eliminate your competition without bloodshed? You... Read More
For most business owners and entrepreneurs, preparing, and communicating the... Read More
If you have a business on the Internet you should... Read More
Many people find it really hard to write for business... Read More
Leadership, leadership development and leadership training are "Hot" issues in... Read More
Here are a few ideas to get you started, all... Read More
Proofreading may not be terribly fun, but it's one of... Read More
Creating a website is one thing, making it better is... Read More
1. Maintain regular working hours and stick to them.2. Get... Read More
Part Two of Cash to Cash Cycle SeriesNext: SalesWe've already... Read More
1. Make a clear, specific commitment to what you want.... Read More
Web Site Blues? Need one, don't know where to start?... Read More
How much is your data worth to you? In this... Read More
What is Choice Theory (CT)? CT is a theory of... Read More
Clarity is an absolutely essential ingredient for you to achieve... Read More
I have some good news and I have some bad... Read More
It has been said you can lift the Rock... Read More
Do you find great joy in being a coach? If... Read More
Does your business have a money tree you can shake... Read More
Good Speakers need good listening skills to become Great CommunicatorsSpeakers... Read More
Talk to Your People Often By building a great... Read More
1. Get to know people. First meet those people in... Read More
If you are like me, you are living some distance... Read More
Every event you hold can be extremely successful. Apply these... Read More
Top Quick Tips |