Alternatives to Capital One: 12 Best Online Banks in 2024

4. SoFi Bank

Insider Monkey Score: 5.02

SoFi offers several different savings products and seamless services, making it one of the best online banks in 2024. Its APY of 4.60% can only be attained by customers who set up direct deposits or who deposit at least $5,000 every 30 days into their account. For users without direct deposits, the APY drops to just 1.20%. Users can also boost savings using its Roundup feature, creating sub-accounts called Vaults, or achieving a referral bonus.