I run a website that lists the nation's best cd rates. In addition I do reviews on savings accounts and checking account promotions. I handle all the best deals in the online banking world.

An online bank account only operates in the online world. There's no branches, not much customer service, they deal in just online accounts. So if you're looking to open an online account you should be internet savvy.

Since online banks don't have real world locations they can offer a higher Annual Percentage Yield (APY). This is because the banks saves money by not having any branches and they pass these savings along to their customers. They can offer higher savings and cd rates. Feel free to ask me for any sort of financial advice.