subject: 7 On the net Banking Success Stories [print this page] 7 On the net Banking Success Stories 7 On the net Banking Success Stories
You've got seen their ads and you may possibly have wondered if they're worth a second look. What am I talking about? On the internet banks! Also identified as world wide web banks, these are financial institutions who supply the majority of their banking services over the world wide web. Normally, on-line banks provide consumers high savings rates, low loan charges, and a mix of other providers. Let's appear at 7 winners in this quick growing field:
1. E Trade Bank Component of E Trade Fiscal, the discount web stockbroker. E Trade Financial institution provides checking accounts, cash markets, and certificates of deposits as well as a VISA credit card. 2. Netbank Along with offering checking and funds marketplace accounts, Netbank supplies mortgage and home equity lines of credit to clients. With tie-ins to affiliated firms Netbank also presents Auto, Homeowners, Condo/Co-op & Renters Insurance and Life, Health, Long Term Care & Dental Insurance.
3. Virtual Bank VirtualBank, a division of Lydian Private Financial institution, is a federally chartered bank regulated by the Office of Thrift Supervision. The bank presents checking, savings, and credit card services to consumers.
4. Ever Bank This leading web provider of banking services gives the most extensive, and varied solutions of any on the net institution. Ever Financial institution offers business and personal checking accounts, mortgages, property equity loans/lines of credit, reverse mortgages, a VISA credit card, and world currency accounts. This latter category is for investing in Deposit accounts and CDs denominated in any major world currency.
5. Emigrant Direct Component of Emigrant Savings Financial institution which traces its roots back to 1850 as a service provider to Irish immigrants. Emigrant has $10 billion in assets and more than $1 billion in net worth. It operates as a full service bank through 36 branches in the New York metropolitan area, and through EmigrantDirect.com. Emigrant presents only consumer providers on the net; their high paying savings account is a chief investment vehicle.
6. ING Direct ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in more than 50 countries. ING offers mortgages, loans/lines of credit, savings accounts, certificates of deposit, and income market mutual funds through another division.
7. MetLife Bank Yes, MetLife. A division of insurance powerhouse Metropolitan Life, MetLife Financial institution delivers savings accounts, certificates of deposit, cash marketplace accounts, mortgages, and IRAs to customers.
If you are banking exclusively with a "brick and mortar" institution you might be missing out on high paying investment options or competitive loan charges that easily undercut many traditional banking entities. These on the net banking success stories are only part of a growing number of savvy providers, some of whom are definitely worth a closer look by you, the consumer.
