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.
GTE Financial is a federally insured credit union that serves individual members and member businesses in Florida’s Tampa Bay area. Founded in 1935 during the Great Depression, it holds assets of more than $2.2 billion. Its 228,299 members own nearly $2 billion in shares with the credit union.
GTE is a full-service credit union offering checking, savings and money market accounts, CDs, IRAs and a host of other services and benefits to its members.
BBVA opened its first branch in 1964 and now has 645 branches. This includes 332 branches in Texas and locations in Alabama, Arizona, California, Florida, Colorado and New Mexico. The bank also has an international presence, with accounts available in more than 30 countries.
PNC is a regional bank that operates in parts of the Northeast, South and Midwest. Its virtual wallet suite of products is intended to help people balance daily spending with short-term and long-term savings goals.
If you have at least $25,000 you’d like to stash in a high-yield CD, Merrick Bank is a good fit for you. If you’re looking for a place to handle all your deposit needs — checking, savings, etc. — you will want to consider other options.
NASB is a midsize Kansas City bank with brick-and-mortar branches, but its online banking services, digital wallets and mobile app broaden its reach and appeal. It offers attractive yields on CDs, checking, savings and money market accounts. It has a “switch kit” that helps ease the transition of funds from other banks.
If you live in the 11 states where it has branches, Citizens is a good option if you’re looking for a checking account with an easily avoidable monthly fee. If you live in the other 39 states or if you’re looking for high-yielding deposits, look elsewhere.
Umpqua Bank has branches, or "stores" as Umpqua calls them, in California, Idaho, Nevada, Oregon and Washington. It provides customers with the Umpqua Go-To app, which lets them pick a banker and text them questions through the app.