We are independent & ad-supported. We may earn a commission for purchases made through our links.

Advertiser Disclosure

Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.

How We Make Money

We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently from our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

How do I Compare Online Bank Rates?

By Amanda Lacasse
Updated May 17, 2024
Our promise to you
WiseGeek is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At WiseGeek, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

Checking bank rates online is perhaps the quickest and most convenient way to shop for the best rates on checking and savings accounts, certificates of deposit (CDs), and other investment products, as well as mortgages and other loans. With a click of the mouse, anyone can compare online bank rates at any time, day or night. Whereas bank interest rates published in newspapers are often no longer current by the time the customer sees them, online rates are refreshed often, making comparisons much more meaningful. Starting an online comparison of bank rates generally can start at several banks’ websites and expand from there.

Most, if not all banks have web sites these days, even local, small-town institutions. A person primarily interested in keeping his banking local should check out the sites of banks in his community. The home page will most likely have an easily navigable layout, allowing him to click directly on the bank rates for which he is looking. A person can easily compare the rates of several banks by opening a tab for each institution and comparing each banking product in its turn. As long as a person knows the names of the banks in his area, he can perform an Internet search and find the banks’ websites.

To find the best rates offered among national and international banks, use a search term such as "online bank rates" to find sites that will show offerings from scores of institutions. The navigation may be a bit more complicated on these sites compared to those of local banks, but they offer the same information on a larger scale. The products and services available for comparison are usually laid out clearly at the top of the home page, and users are often given the choice between comparing the online bank rates of local or national banks. The advantage is that all the information is presented on one page for easy viewing.

When checking rates outside of a particular locality, a person may also see rates for online only, or virtual, banks. These institutions claim to be able to offer better rates than typical bricks-and-mortar banks, because they have lower overhead. All of their services and products are offered online only, which is somewhat limiting when compared to banks that offer both conventional and online banking. While some consumers may be leery of online banks, they are regulated just the same as conventional banks, at least in the United States.

An advantage of comparing online bank rates in this manner is that most of the larger sites have much additional information about the various banking products, and that may make a decision easier. These sites often have pertinent news items regarding finances and banking accessible from the home page, as well as basic information concerning mortgages, CDs, money market accounts and other investment instruments. Many also include rankings and reviews of the banks themselves, giving a person insight into important deciding factors such as customer service.

WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.

Discussion Comments

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.