Unforgettable 7 Online Banking Success Stories
You've seen their ads and maybe wondered if they're worth a second look. What am i talking about Online banks! Also known as internet banks, these are financial institutions that provide the majority of their banking services over the internet. Typically, online banks offer consumers high savings rates, low lending rates, and a mix of other services. Let's look at 7 winners in this fast growing area:
1. E Trade Bank Part of E Trade Financial, the discount internet stockbroker. E Trade Bank offers current accounts, money markets and certificates of deposit as well as a VISA credit card.
2. Netbank In addition to offering current accounts and money market accounts, Netbank provides customers with mortgage and home equity lines of credit. With affiliate links, Netbank also offers auto, homeowner, condominium and tenant insurance, as well as life, health, long-term care and dental insurance.
3. Virtual Bank VirtualBank, a division of Lydian Private Bank, is a government-chartered bank regulated by the Office of Thrift Supervision. The bank offers customers check, savings and credit card services.
4. Ever Bank This leading internet banking service provider offers the most extensive and varied services of any online institution. Ever Bank offers business and personal checking accounts, mortgages, home equity / 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 a major world currency.
5. Emigrant Direct Part of the Emigrant Savings Bank, which traces its roots back to 1850 as a service provider to Irish immigrants. The expatriate is worth $ 10 billion and net worth more than $ 1 billion. It operates as a full-service bank with 36 branches in the New York metropolitan area and through EmigrantDirect.com. Emigrant only offers consumer services online. Your high-paying savings account is an important investment vehicle.
6. ING Direct ING is a global financial institution of Dutch origin providing 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 funds through a different division.
7. MetLife Bank Yes, MetLife. MetLife Bank is a division of the Metropolitan Life insurance powerhouse and offers consumers savings accounts, certificates of deposit, money market accounts, mortgages and IRAs.
If you work exclusively with a brick and mortar institution, you may be missing out on high-paying investment options or competitive loan rates that can easily undercut many traditional banking firms. These online banking success stories are just part of a growing number of savvy providers, some of which are definitely worth a closer look by you, the consumer.

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