The three main types of banks (Traditional, Credit Union, Online or Online-Only) have many tradeoffs with respect to technology, convenience, personal experience, fees and savings rates. For this question, put aside all of the trade-offs and look only at savings rate offered on savings accounts. Rank the following from highest to lowest on the interest rates they offer to consumers on savings accounts
So from a little research, I've found what I'm almost certain should be the answer you're looking for. This is the order I came up with (from highest to lowest interest rates): 1.) Traditional Banks 2.) Online Banks 3.) Credit Unions Although traditional banks sometimes carry a higher interest rate, online banks can me managed more freely with less hassle. Hope this helps!