With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank reviews is updated regularly. Our editorial team reviews each bank on customer service, savings accounts, checking accounts, money market accounts (MMAs) and certificates of deposits (CDs.) Sort banks by overall rating, or individual category and find the right bank for you.
Although Comenity is well-known as the bank behind many branded retail credit cards, it also offers competitive yields on savings accounts and CDs. Minimum opening balance requirements are low. Comenity Direct is insured by the FDIC.
NBKC offers competitive rates on deposit accounts for business and personal customers. It is a good option for customers who want a safe place to park and grow their cash and be able to access it and manage it online.
CIT Bank is an online bank that offers competitive annual percentage yields (APYs) on its savings accounts, with its Savings Builder in the top tier of APYs. CIT Bank began offering a checking account in Nov. 2019. It also offers a money market account, though the MMA doesn’t offer check-writing privileges or a debit or ATM card.
Nationwide bank customers have been transitioned to Axos Bank. Axos Bank, a federally chartered savings bank, offers a broad range of financial products. This includes checking, savings, money market accounts, CDs, mortgages, and personal loans.
This bank is good for people looking for a solid online bank, with a wide network of no-fee ATMs. People looking for a full suite of loan products or the highest available rates should look elsewhere.
HSBC Direct accounts are available across the U.S. The accounts are through HSBC Bank USA, N.A. If you have an account, you can make a deposit or withdrawal at one of the HSBC locations in the U.S.
HSBC Direct's savings account offers a competitive APY, while its checking account doesn’t charge monthly maintenance fees.
WebBank is primarily an industry bank that serves commercial partners with working capital, branded credit cards and loans. Its offerings for consumers are limited to CDs and a savings account. It is a good option for serious savers who do not plan to spend or withdraw their funds.
Transportation Alliance Bank is mostly an online bank that offers deposit accounts for individuals and businesses, as well as commercial loans. Its mobile app is highly rated by Apple and Android users. With roots in the trucking industry, it still serves the transportation sector, as well as individual consumers.
Customers Bank requires a large minimum balance to open and earn the APY on its High-Yield Savings Account. If you're looking to deposit $25,000 or more into a savings product, this may be the right bank for you. But other online banks offer a higher yield on savings accounts.
Quorum Federal Credit Union is based in Purchase, New York, and serves members nationwide. Members of the credit union will have access to a variety of products, as well as digital and in-person banking.
The Federal Savings Bank offers mortgages, personal loans and deposit products. The bank emphasizes mortgage lending, but the deposit products are worth considering for consumers who like to earn interest on everyday bank accounts like checking and savings.