- Best Banks in America for 2023-2024
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SEE FULL LIST
Full List of Best Banks 2023 - 2024
- Alliant Credit Union
- Ally Bank
- Axos Bank
- Bank of America
- Bank5Connect
- Barclays
- Bethpage Federal Credit Union
- Bread Financial
- Capital One
- Chase
- Citibank
- Citizens Bank
- Comerica
- Digital Federal Credit Union
- Discover
- EverBank (formerly TIAA)
- First Horizon Bank
- First Technology Federal Credit Union
- Golden1 Credit Union
- GreenState Credit Union
- JP Morgan Chase
- KeyBank
- Lake Michigan Credit Union
- Mountain America Credit Union
- Navy Federal
- PenFed
- PNC
- Quontic
- Regions Bank
- Security Service Federal Credit Union
- SoFi
- TD Bank
- US Bank
- USAA
- Vio Bank
- Wells Fargo
- COMPLETE RANKINGS
- Money’s Methodology
Banks make it possible for everyday Americans to conduct their financial lives. Everyone needs a safe place to stow cash, or a reliable place for an auto or home improvement loan, making banks a critical part of the economy.
The proliferation of national banks where once people only chose their local savings and loan has led to growing competition. Today’s banking customers can choose national or smaller retail banks, credit unions and banks that operate solely online.
Read on to see our picks for the Best Banks in America. Data gathering and fact-checking took place in July, August and September.
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Our Partner
Earn 5.05% APY* with CIT's Platinum Savings Account
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- FDIC insured
*Rate as of 8/1/2023
Our Partner
Earn up to 4.50% APY* with SoFi's Savings Account
- Cash Bonus up to $250 with direct deposit set up (Terms apply)
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*Rate as of 8/1/2023
Our Partner
Earn 4.30% APY* with Discover's Savings Account
- Earn over five times the national average with a high-yield savings account
- No minimum opening deposit
- No monthly fees
- No overdraft fees
- FDIC insured
*Rate as of 8/1/2023
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| Bank
|
Category
|
Best For
|
Minimum Opening Deposit
|
Annual Percentage Yield
|
Monthly Service Fees
|
Alliant Credit Union |
Credit Union | Membership Fees | Yes | 0.25%-3.1%* | $0 |
Ally Bank |
Online Bank | Customer Service | Yes | 4.25% | $0 |
Axos Bank |
Online Bank | Relationship Rewards, Seniors | Yes | 0.1%-3.3% | $0 |
Bank of America |
National Bank | Mobile Banking, Seniors, Students | Yes | 0.01%-0.04%* | $8-$12^ |
Bank5Connect |
Online Bank | High Yield Checking | Yes | 2.7% | $0 |
Barclays |
Online Bank | Low Fees | Yes | 4.35% | $0 |
Bethpage Federal Credit Union |
Credit Union | Mobile Banking, Students | Yes | 0.1%-0.4%* | $0 |
Bread Financial |
Online Bank | High Yield Savings | Yes | 5% | $0 |
Capital One |
National Bank | Overall, Students, Military | Yes | 4.3%-4.85%* | $0 |
Chase |
National Bank | Customer service, Students, Seniors | Yes | 0% | $12^ |
Citibank |
National Bank | Relationship Rewards | Yes | 0%-4.35%* | $12^ |
Citizens Bank |
National Bank | Low Fees | Yes | 0% | $0 |
Comerica |
National Bank | Checking/savings Combo | Yes | 0% | $13 |
Digital Federal Credit Union |
Credit Union | High Yield Savings Account | Yes | 3.56% | $0 |
Discover |
Online Bank | Overall | Yes | 0%-4.3%* | $0 |
EverBank (formerly TIAA) |
Online Bank | Best Interest Rates | Yes | 0.25%-5% | $0 |
First Horizon Bank |
National Bank | Best Rate (Savings) | Yes | 0.3% | $5^ (quarterly) |
First Technology Federal Credit Union |
Credit Union | Best Checking/Savings Combo | Yes | 0.1%-4%* | $0 |
Golden1 Credit Union |
Credit Union | Rates | Yes | 0.05%-3.5% | $0 |
GreenState Credit Union |
Credit Union | Rewards Checking | Yes | 2% (5% introductory rate for first 6 months) | $0 |
JP Morgan Chase |
National Bank | Customer Satisfaction | Yes | 0%-0.01%* | $5-$12^ |
KeyBank |
National Bank | Promoted Savings | Yes | 0% | $0 |
Lake Michigan Credit Union |
Credit Union | High Yield Checking Account, Seniors | Yes | 3% | $0 |
Mountain America Credit Union |
Credit Union | High Yield Money Market Account, Seniors | Yes | 0.50%-4.25%* | $0-$7 |
Navy Federal |
Credit Union | Overall | Yes | 0.05% | $0 |
PenFed |
Credit Union | Overall, Military | Yes | 0.15%-4.90%* | $0-$10^ |
PNC |
National Bank | Checking/Savings Account, Students | Yes | 0.01%-03% | $7-$25^ |
Quontic |
Online Bank | Most Innovative | Yes | 1.1%-4.5%* | $0 |
Regions Bank |
National Bank | Checking Perks, Students, Seniors | Yes | 0% | $8^ |
Security Service Federal Credit Union |
Credit Union | Perks, Military | Yes | 0.05%-2.5%* | $0-$9 |
SoFi |
Online Bank | Combo Checking/Savings Account | Yes | 0.5% checking, 4.5% savings | $0 |
TD Bank |
National Bank | Conventional Checking | Yes | 0.01% | $10^ |
US Bank |
National Bank | Low Fees, Military | Yes | 0.01%-0.05% | $4-$6.95^ |
USAA |
National Bank | Sign-up Bonus | Yes | 0.01% | $0 |
Vio Bank |
Online Bank | Money Market Account | Yes | 5.25% | $0 |
Wells Fargo |
National Bank | Best Rate (Checking) | Yes | 0.05%-0.10%* | $5-$10^ |
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* APY for deposit accounts varies depending on balance, type of account and/or area
# Membership in a credit union is obtained by opening a savings account with a $5 deposit in many cases. However, some credit unions may have higher or lower opening deposit requirements. The minimums quoted here are to become a member of the credit union.
^ Monthly fee can be waived
Note: APYs are valid as of 9/26/2023
