Most of Bankrate’s best regional banks of 2023 offer customers high yields on deposits as well as low account fees, low to reasonable minimum balance requirements, and digital-banking conveniences. Many also offer convenient, user-friendly mobile apps and online banking services.

Some of the top-tier regional banks have very few branches but partner with large ATM networks, which expands customers’ accessibility to their accounts without incurring ATM surcharges.

Bankrate gathered data on the most notable regional banks in the country and scored them on a variety of factors, such as annual percentage yields (APYs), account fees, product selection, digital-banking features and more. Here are Bankrate’s picks for the best regional banks of 2023.

CFG Bank


CFG Bank maintains only a few branches, all in Maryland, although some of its accounts can be opened online. The privately owned bank is also a member of the Allpoint ATM network, which offers more than 55,000 ATMs nationwide.

The bank offers a full range of deposit products, and its money market account and certificates of deposit (CDs) earn competitive yields. The free checking account requires no minimum balance requirement.

In 2021, CFG Bank launched a nonprofit organization that aids individuals who lack opportunity and are interested in pursuing a career in the health care field. The bank also contributes to community organizations that support education, recreation and poverty alleviation.

Highly competitive APYs: CFG Bank’s high-yield money market account and CDs earn top-tier rates.

Digital banking features: CFG’s online and mobile banking features allow you to take care of bill payments, deposit checks, fund transfers and other banking business. Customers have access to a highly rated mobile app as well as person-to-person payments through Zelle.

Checking account options: CFG offers a free checking account that can be opened with as little as a penny and charges no monthly fees. It also offers interest-bearing and student checking accounts.

> Read our full CFG Community Bank review

Banesco USA Bank


Founded in 2006, Banesco USA is based in Coral Gables, Florida. It maintains just a handful of branches in the United States and Puerto Rico, but it’s tied into the large Allpoint ATM network and offers online and mobile banking. Its mobile app gets favorable ratings from Android and Apple device users.

Banesco USA offers enticing APYs on several of its CD terms, as well as yields that are well above national averages on its savings and money market accounts. The bank offers a basic checking and an interest-bearing checking account, and customers have fee-free access to thousands of ATMs.

Broad access to accounts: Banesco USA offers online banking with bill pay and a mobile app that gets high ratings. Residents of South Florida’s Miami-Dade County also have access to several branch locations.

ATM network: Through the Allpoint ATM network, Banesco USA customers have fee-free access to more than 55,000 ATMs worldwide.

Supports low- to moderate-income consumers: Banesco USA is a Minority Depository Institution that supports minority-owned businesses and borrowers in South Florida and Puerto Rico. It received $250 million from the U.S. Treasury for that purpose.

> Read our full review of Banesco USA Bank

Cross River Bank


Cross River Bank, which is based in Fort Lee, New Jersey, and has only two branches, offers fee-free accounts with no minimums and rates that are above national averages. It offers checking, money market and savings accounts as well as CDs. There are no minimum balance requirements, except a reasonable $500 minimum to open a CD.

There are only a handful of Cross River ATMs, but customers also have fee-free access to around 40,000 MoneyPass network ATMs nationwide.

Above-average APYs: If you’re looking for a savings account rate that’s well above the national average, Cross River may be a good fit. Some of the bank’s CDs also earn above-average rates.

No monthly service fees: Cross River offers savings, checking and money market accounts with no monthly service fees to eat into your earnings.

No opening deposit barriers: There are no minimum deposit requirements for checking, savings or money market accounts.

> Read our full Cross River Bank review

Frost Bank


Established in 1868, Frost Bank offers 176 branches throughout the state of Texas. Its perks include a very highly rated mobile app and 24/7 customer service phone support.

Frost offers CD and money market rates that are somewhat competitive, and those with higher balance tiers are rewarded with higher yields. Four checking accounts are offered, which feature early direct deposit, more than 1,700 ATMs throughout Texas and a $100 overdraft cushion.

Frost supports the communities where it has a presence by giving time and resources to nonprofits in the fields of education, economic development, the arts, or health and human services. The bank also provides educational scholarships to Texas students.

Digital banking features: Customers have access to Zelle, digital wallets and  a mobile app that receives stellar ratings in the app stores.

Accessible customer service: Customer support is available by phone on a 24/7 basis, and customers who are logged into online banking or the mobile app can engage in live chat with a representative at any time.

Checking account options: Frost offers four checking accounts, two of which pay some interest. The account designed for those under 25 years of age imposes no service charge. The Personal Account charges a monthly fee that’s somewhat easy to waive through minimum balance or direct deposit requirements.

Huntington National Bank


Huntington National Bank has more than 1,000 branches in 11 states in the Midwest and the South. Founded in 1866, the bank offers deposit accounts, wealth management products and insurance.

Huntington’s deposit products include several savings and money market accounts, CDs in a wide range of terms, and free and interest-bearing checking accounts.

Checking account options: Huntington offers a no-frills, free checking account and two interest-bearing accounts that waive some or all out-of-network ATM fees.

Overdraft forgiveness: Fees aren’t charged on overdrafts of $50 or less, and customers who overdraw on higher amounts are given a 24-hour grace period before a fee is assessed.

Digital banking features: Customers have access to account alerts, and debit cards can be linked to digital wallets to pay for purchases with a smartphone.

> Read our full review of Huntington National Bank

Lone Star Bank


Lone Star Bank is an independent, privately owned community bank based in Houston, with four branches in the area. It is primarily a commercial bank but also offers consumer deposit accounts with competitive APYs, including checking, savings, money market and CDs.

Though Lone Star has few branches, it has a mobile app that rates very highly with Apple and Android device users. It also allows person-to-person electronic payments. Lone Star doesn’t own or operate any ATMs and offers customers unlimited rebates for ATM surcharges.

Highly rated mobile app: The bank’s mobile app scores very highly among users of Apple and Android mobile devices.

Unlimited ATM refunds: Checking and savings account customers can get ATM surcharges refunded when they withdraw money from other banks’ ATMs.

Extra Federal Deposit Insurance Corp. (FDIC) coverage: Lone Star offers access to multimillion-dollar FDIC protection for depositors who need it.

> Read our full review of Lone Star Bank

North American Savings Bank


Founded in 1927, North American Savings Bank (NASB) is a full-service bank that offers deposit accounts and loans. It operates 10 branches in the Kansas City area, and some of its accounts can be opened online from anywhere.

Customers can choose from a large selection of accounts, including eight savings accounts and three checking accounts. The bank offers a “switch kit” to aid customers in transferring funds from another bank.

NASB supports its community by working with local organizations that provide education, health and other services to those in need.

Competitive yields: NASB’s High Rate Savings account earns a competitive APY, as do some of the bank’s CDs. The money market account earns a rate that’s above the national average.

Digital banking features: NASB offers online and mobile banking, and some of the bank’s accounts can be opened online from anywhere. The mobile app’s financial management tool helps you organize your budget and expenses.

ATM access: Through the MoneyPass network, ATM cardholders have fee-free access to more than 40,000 ATMs.

> Read our full North American Savings Bank review

Ridgewood Savings Bank


Ridgewood Savings Bank, based in New York City, offers customers competitive rates along with a wide variety of products and digital features. The bank offers a savings account with a competitive yield, a large ATM network and a rewards debit card.

Ridgewood supports local charities through corporate giving, bank-match employee donations and volunteer hours. The bank also offers a financial literacy program to students and senior citizens across the region.

Competitive APYs: You’ll find a competitive rate on the Smart Move Online Savings Account, which requires just a penny to open and carries no monthly service fee.

Digital leader: Ridgewood offers a highly rated mobile app, as well as digital tools such as Alexa Voice Banking, Money Management for budgeting and person-to-person payments with Zelle.

Large ATM network and debit rewards: Customers have access to more than 90,000 fee-free ATMs worldwide through the Allpoint and MoneyPass networks. Debit card users can also earn cash back or rewards points that can be used for travel, events and other purchases.

> Read our full Ridgewood Savings Bank review

Spring Bank


Spring Bank has only two branch locations, both in the Bronx, New York, but it is a member of the MoneyPass ATM network, which has around 40,000 surcharge-free ATMs nationwide. It also has a highly rated mobile app.

The U.S. Treasury has designated Spring Bank as a Community Development Financial Institution (CDFI), in recognition of the investments and loans the bank makes in low- and moderate-income communities in New York City.

Spring Bank was named the best socially responsible bank by Bankrate in its 2023 “best in banking” list.

The bank offers competitive yields on checking, savings and money market accounts and CDs. Opening deposit requirements are low for most accounts.

Competitive APYs: Spring Bank pays competitive yields on its deposit products.

Broad accessibility: Spring Bank has a tiny physical footprint but a broad digital reach through online banking, its mobile app, and access to person-to-person payment platform Zelle.

No overdraft fees: The paperless Green Checking Account is accessed with a debit card and doesn’t charge overdraft or nonsufficient funds (NSF) fees.

> Read our full Spring Bank review

Texas Capital Bank


Texas Capital Bank maintains branches in the five largest cities in Texas, and it offers deposit products, credit cards and loans.

The bank’s accounts feature relatively low minimum deposit requirements, and rates on CDs are competitive. The standard checking account doesn’t charge monthly fees, and ATM cardholders have fee-free access to more than 55,000 Allpoint ATMs throughout the U.S.

The Texas Capital Bank Foundation invests time and financial resources in nonprofit organizations that support low- and moderate-income families in the markets where the bank operates.

Low minimum deposit requirements: The minimum opening deposit for the checking, savings and money market accounts is low. (However, for the premier checking and money market accounts, you’ll need a relatively high balance to avoid the monthly maintenance fee.)

Competitive CD rates: CD terms range from three months to two years, and all of them pay yields that are competitive or at least above national averages.

Interest-bearing checking: Both of the checking accounts earn some interest and provide some ATM fee rebates. The Capital Interest Checking account doesn’t charge a monthly fee.

> Read our full Texas Capital Bank review