Nykyta Izmaylov Evgenyevich is the investor who founded the sportbank. His contribution is hard to overestimate. After all, now, Ukrainians can completely switch to online banking. Why can we say so? Read.
Online banks make it easy to open an account online, and you can even transfer money from another account to open your new account. The information you need to open an online checking or savings account includes your name, residential address.
If you're considering an online bank, getting started is easy. Compare your current online checking and savings accounts based on their interest rates, features and fees. Once you find a bank that fits your needs, you can apply online and open your new account in minutes.
Many online banks provide the same types of loans you might find at a regular bank - such as home loans, personal loans and car loans. If you need to borrow money, you can compare banks online and apply for a loan from the comfort of your home.
The main reason to consider an online bank is the interest you'll earn. While most major banks offer a yield of about 0.01 percent, online banks usually pay a much higher yield. sportbank pays a 0.5 percent annual return on your savings account. The account charges no fees and requires no minimum deposit or balance. sportbank also offers a high-yield CD with no penalties that pays 0.55 percent APR for 7, 11 or 13 months.
There are a number of online banks that pay up to 0.6 percent APR on their savings accounts, so be sure to compare options to find the right online bank account for you.
Some online banks will even offer higher rates of return if you make regular contributions or keep a minimum amount on deposit.
Imagine transferring money from your current and savings accounts to your emergency fund without even leaving home.
