 What's happening? It's Shane again. So I'm doing the online bank account tier list. I'm going to test out a different style of doing the tier list. I'm just going to do this one super, super fast. I'm really not going to explain my choices very much at all. I'm trying to get through this video super fast and see if you guys prefer that kind of content. You know, when it comes to a tier list, it's really just my opinion in the first place. So I don't think most people care that much about the stats, but rest assured, I did do a lot of research in order to come up with these rankings. As always, don't forget to smash the living daylights out of the YouTube algorithm. Appreciate that. And let's jump right in. All right. So we're starting off with the A's. Ally Bank is a very solid choice overall. This bank, it just, you know, every single area you look, it just, it checks the box. It checks the box everywhere. It's cheap, easy to use, great app, really good interest rates. It's just really solid. Overall, this one is going to go into S tier. Next one on the list is going to be Alliant Credit Union. Very similar to an online bank account, except it's a credit union. You can look up the differences between those two, but basically they're very similar. The credit union is like a bank, but if you are part of one, you actually own part of it. And it's technically a nonprofit credit unions generally give lower fees, better customer service, better interest rates when you compare them to brick and mortar banks. And then this one, of course, is an online credit union and it also has over 80,000 ATMs available. This is a super good one. It's going in S tier. Charles Schwab's going to be next on the list. And this one's especially good if you're someone who likes to do a lot of international traveling. And the reason for that is because they basically waive all ATM fees. You'll know what I'm talking about. Even if you've ever just gone to Vegas, how they have crazy ATM fees there, or if you've gone out of the country to certain places that are kind of tourist traps, a lot of the time they're going to charge really ridiculous ATM fees. I have several friends who traveled the world all the time before the current situation that has stopped everyone from traveling happened. And they recommend Charles Schwab. This one goes in S tier. Geez, I'm doing all the S tiers first. I swear I didn't set it up like this. Next one on the list is going to be Capital 1360. So this one, there's about 38,000 ATMs available. So that's really good. There are some physical locations with this one, depending on where you live, but it's so few that it doesn't really affect the overall costs that much. And just to explain what I mean by that, online banks don't have physical locations. So their overhead cost is much lower and they're able to pass a lot of that savings on to the customers. So this one's a really good option overall. All the statistics are really good. If you look it up online, it's got great reviews. This one goes in A tier. Next one on the list is technically a savings account. They don't actually have a checking account, but it's CIT bank. So for a while there, they were the one that had the best savings account that I could find. I'm not sure where it's at right now. The interest rates on saving accounts are just super wacky right now. There's one that dropped from like 2.2% to 0.3%. For instance, I'm sure they're going to rebound after all of this is over. So I'm not even going to mention the interest rates, but CIT bank for a long time was above 2%. They had probably the best savings account out there. Overall, this one's a really good option, especially if you're just looking for an online savings account or maybe you're trying to make an emergency fund. This one goes in A tier. Next one on the list is going to be the Fidelity Cash Management account. So technically, this is not a bank account. However, it functions exactly the same as a bank account would. And I made sure that all of the ones that I put on this list are FDIC insured to at least $250,000. And that means that the company goes under or something happens, the bank burns down, your money burns, you're going to get your money back up to $250,000 at least. And this Fidelity account is no exception to this. They are FDIC insured as well. So the catch with this one is you do have to open up an investment account with them. And then basically the money that you put in the investment account, a part of that you can use basically just the same way that you would use a checking account. So you can't take out all of it, but you can take out a good portion of it. And you probably wouldn't need to take out all of it unless you're trying to make like a down payment on your house. Overall Fidelity is a great company. I really like Fidelity. I also like Ally and I also like Charles Schwab. Those three companies are fantastic. It seems like all the products that they make are really good. And so for that reason, I'm going to go ahead and put Fidelity in A tier. Next one on the list is going to be Wealthfront. And this is one that I used as a high interest savings account for a while, kind of similar to Fidelity. It's a cash money management account technically, but they were offering 2.57% interest rate on their savings account. And it's FDIC sure up to a million dollars. When this whole pandemic thing happened in the world, they dropped it from 2. something percent all the way down to I think 0.3%. So I'm not very happy about that right now. Hopefully they raise it back up in the future. But because of the fact that they did that, I'm going to go ahead and put this one in C tier. Next one on the list is going to be Navy Federal Credit Union. And this is a really good one if you are in the service, if you're in the military, or if you are affiliated with someone who's in the military, you can apply for this one. This is basically an online credit union for service members. They've got great reviews online. Everything I've read about them has been really fantastic. So for that reason, I'll go ahead and put them in A tier. Next one on the list is going to be Veo Bank. And I've heard pretty good things about them. It's just the thing is, is that the other ones on the list are just a little bit better in my opinion. So for that reason, I'm going to put this one in B tier. Next one on the list is going to be Chime. I see the advertisements for this one all the time. Yeah. So Chime, there's a lot of advertisements for it. Kind of surprises me how many that you see. There's a few reviews online that I've seen. And overall, I'm just not very impressed with the reviews are not that great. So for that reason, I'm going to go ahead and put it in D tier. Next one on the list is going to be SoFi. This is a company that does a lot of student loan stuff. They do some investing stuff as well. This is another one that's a cash management account technically. And right now, it only offers about 0.2%. So for that reason, I'm going to go ahead and put SoFi in C tier. Now the next one on the list, I actually didn't include it in this list, but I just want to mention it is any of the physical banks that offer an online banking option. So when a physical bank offers an online banking option, they still have to pay for all of those overhead costs that they have. It's not like it's a separate entity or something. So they're generally not going to be as good as the pure online options. Now I'm not saying you shouldn't have a physical bank. I talked about this in other videos, how it actually is advantageous for you to have one sometimes. But I also think that you should have an online only bank as well. So you should have at least one of each in my opinion. So a physical bank that has an online option, that's going to go in F tier. I guess I'll like Photoshop it on there because I didn't screen cap it. Anyways, check out my other videos right here. I made them just for you. Go ahead, smash the like button, hit the subscribe button, ring the notification bell, comment down below any thoughts, comments, criticisms, et cetera that you have on the video. Thank you so much for watching and bye for now.