iGObanking is the online arm of Flushing Bank, a publicly traded (FFIC: NASDAQ) company based in New York City. It accepts deposits from anyone with a U.S. address, offering checking, savings, and money market accounts, as well as CDs, retirement options, and value-added features like free person-to-person transfers and mobile check deposit.iGObanking's savings and checking accounts come with few restrictions - no monthly fees or balance requirements, and just a token opening deposit of $1 in the case of the checking account. Yields for the savings and money market accounts are quite good, … [Read more...]

Bank5 Connect is the online-only arm of Fall River, Massachusetts-based BankFive, a small outfit that has about a dozen branches in southeastern New England. Don't worry: as long as you have a U.S. address, you're eligible to open a Bank5 Connect account.Bank5 Connect's distinguishing characteristics include a high-yield, highly flexible checking account and a solid savings account. The bank also has a novel Investment CD that accepts multiple deposits over the life of its term. Like almost all U.S.-based banks, Bank5 Connect provides depositors with FDIC insurance up to $250,000 per … [Read more...]

Salem Five Direct is the online banking arm of Salem Five, a regional bank with about 30 branches in the Boston area. Thanks to a convenient online application process, anyone with a U.S. address can open a checking, savings, or CD account here.Salem Five Direct sets itself apart from the pack in a few key ways. For starters, it offers all depositors (including those who live outside the Bay State) access to Massachusetts's DIF insurance, a program that protects deposit account balances above the FDIC's standard $250,000 limit. Every Massachusetts bank participates in DIF, meaning Salem … [Read more...]

UFB Direct is a subsidiary of BofI Federal Bank, a diversified financial services firm that administers deposit accounts and credit products for everyday consumers, small businesses, and commercial enterprises. Consumers are most likely to interact with BofI Federal Bank through Bank of Internet USA, another online banking subsidiary. Anyone with a U.S. address can make deposits and apply for loans.UFB Direct has a limited but distinctive lineup of deposit accounts, including a checking, savings, and money market option. The most distinctive is definitely Airline Rewards Checking. When you … [Read more...]

Bank of Internet USA (often referred to simply as "BoI" or "BofI") is an online-only bank that offers a variety of deposit accounts and credit products for consumers and businesses. As is usually the case for U.S.-based deposit institutions, funds held in BoI's checking, savings, money market, and CD accounts are covered by FDIC insurance, up to $250,000 per account.BoI has a number of notable features, including an attractive Rewards Checking Account that can yield up to 1.25% and a full suite of business banking resources, which often aren't available at consumer-facing online banks. BoI … [Read more...]

First Internet Bank (previously known as First Internet Bank of Indiana, and commonly referred to as, simply, "First IB") has a legitimate claim to its boastful name - it has been offering a full suite of online-only banking services since the days of dial-up. Founded in the late 1990s, this publicly traded (NASDAQ: INBK), Indianapolis-based company features consumer checking, savings, money market, CD, and IRA CD accounts, as well as credit cards, personal loans, student loans, mortgages, and home equity lines of credit.First IB also has a business banking arm that features checking, … [Read more...]