Criteria such as annual percentage yield (APY), monthly maintenance fees, minimum balance requirements and BauerFinancial Star Ratings for overall financial strength were considered. (gobankingrates.com)
After evaluating dozens of online banks, GOBankingRates found the 10 best online banks based on checking account fees, savings account yields, one - year certificate of deposit interest rates, customer service features and BauerFinancial Star Ratings, which indicate overall financial strength. (gobankingrates.com)
It does not take into consideration debts, reserves, or overall financial strength as indicated by the major credit agencies, A.M. Best, Fitch, Moody's or Standard & Poor's. (bestliferates.org)