Continuing our examination of Internet-based banks, today we look at Nexity. Based in Birmingham, Alabama, Nexity Bank has been doing business for a little over a decade. That may not be a long time compared to other, more traditional brick-and-mortar banks, but in online banking years, it’s considerable.

Nexity has been a mainstay on our BankShout best-of lists, particularly in annual percentage yields for CDs. Nexity’s slogan is “Banking Where You Are,” a tidy tagline that describes the efficiencies of banking online. Nexity’s website has some small, simple touches like a running “ticker” of its deposit rates as well as daily stock market info. The bank divides its business into a Banking Center, a Lending Center, and an Investment Center.

On the Banking Center page, customers can open a checking account, or enroll in online banking and online bill pay. Nexity also has something called Express Deposit, which is a slick web form that allows customers to transfer money from other financial institutions, either to make deposits to your Nexity accounts or to make a loan payment.

The Lending Center has home equity loans and lines of credit (Nexity doesn’t do first mortgages, apparently), as well as a Demand Deposit Line of Credit which basically works as overdraft protection for a Nexity checking account.

The Investment Center lists all the different CD rates, money markets, and savings accounts, plus Individual Retirement Account options.

If you want to check out Nexity Bank, visit the website here. If you have used Nexity is some capacity, let BankShout know by commenting below, and thanks for reading.