Best Banks in America

Best Banks in America

For the 2026 edition of Best Banks in America, Money evaluated more than 275 financial institutions, including national, online and regional banks and credit unions. We looked at hundreds of data points covering minimum deposit requirements, annual percentage yields, fees and other features like customer service and convenience.

Among those more than 275 institutions, we established Money's top picks in the following categories: best national banks, best online banks, best banks for digital investing, best credit unions, best banks for students, best banks for seniors, best banks for members of the military, best banks for digital investing and the best banks for CD rates, high-yield savings accounts and money market accounts.

We also looked at five regions: the Northeast, Mid-Atlantic, Southeast, Midwest and West.  

Money's Best Banks is one of the publication's oldest franchises, providing readers with an annual analysis of the best financial institutions for everyday banking needs.

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Oct. 15, 2025 | Read the full methodology here.

CIT Bank Savings Account Logo
Our Partner
See Offer
Rates as of: 9/23/2025
FDIC Insurance: $250,000.00

Earn 3.75% APY* with CIT's Savings Connect Account

  • $100 minimum balance for APY

  • No account opening or monthly service fees
  • Deposit checks online with the CIT Bank mobile app
  • FDIC Insured

*Rate as of 9/23/2025 1See Site For Details

*For complete list of account details and fees, see our Personal Account disclosures

*Annual Percentage Yield is accurate as of September 23, 2025. Interest Rates for the Savings Connect Account are variable and may change at any time without notice. The minimum to open a Savings Connect account is $100. Fees could reduce earnings on the account.

2Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of September 15, 2025.

Savings Account with up to 3.80% APY* (read their website to see terms)

SoFi High Yield Savings Logo
Our Partner
See Offer
FDIC Insurance: $250,000.00
  • Cash Bonus up to $300 with direct deposit set up (Terms apply)
  • No monthly fees 
  • Up to 2-day-early paycheck
  • FDIC Insured up to $250k plus up to $3M in supplemental insurance

*Rate as of 1/24/2025

* Interest rates are subject to change at any time. Terms and conditions may apply.

Get paid up to 2 days early with direct deposit

Chime® Logo
Our Partner
See Offer
FDIC Insurance: $250,000.00

Get Paid Up To 2 Days Early with Direct Deposit Set Up

  • No minimum balance fees
  • 47k+ Fee-free ATMs³ at Walgreens®, 7-Eleven®, CVS® & more**
  • No foreign transaction fees
  • 24/7 live support

*Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A.

**.Out-of-network ATM withdrawal and over the counter advance fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.

Savings Account with up to 3.80% APY* (read their website to see terms)

SoFi High Yield Savings Logo
Our Partner
See Offer
FDIC Insurance: $250,000.00
  • Cash Bonus up to $300 with direct deposit set up (Terms apply)
  • No monthly fees 
  • Up to 2-day-early paycheck
  • FDIC Insured up to $250k plus up to $3M in supplemental insurance

*Rate as of 1/24/2025

* Interest rates are subject to change at any time. Terms and conditions may apply.

Get paid up to 2 days early with direct deposit

Chime® Logo
Our Partner
See Offer
FDIC Insurance: $250,000.00

Get Paid Up To 2 Days Early with Direct Deposit Set Up

  • No minimum balance fees
  • 47k+ Fee-free ATMs³ at Walgreens®, 7-Eleven®, CVS® & more**
  • No foreign transaction fees
  • 24/7 live support

*Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A.

**.Out-of-network ATM withdrawal and over the counter advance fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.

CIT Bank Savings Account Logo
Our Partner
See Offer
Rates as of: 9/23/2025
FDIC Insurance: $250,000.00

Earn 3.75% APY* with CIT's Savings Connect Account

  • $100 minimum balance for APY

  • No account opening or monthly service fees
  • Deposit checks online with the CIT Bank mobile app
  • FDIC Insured

*Rate as of 9/23/2025 1See Site For Details

*For complete list of account details and fees, see our Personal Account disclosures

*Annual Percentage Yield is accurate as of September 23, 2025. Interest Rates for the Savings Connect Account are variable and may change at any time without notice. The minimum to open a Savings Connect account is $100. Fees could reduce earnings on the account.

2Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of September 15, 2025.

Slide Table to Compare
Bank
Category
Best For
Minimum Opening Deposit
Annual Percentage Yield (APY)
Number of ATMs
Monthly Service Fees

Ally Bank

National Bank, Online Bank Best for Overall Rates Yes 3.50% 75,000 $0

American Express

National Bank, Online Bank Best for Perks, Best for Low Fees Yes 3.50% 70,000 $0

Axos

National Bank, Online Bank Best for Overall Yes 4.00% 91,000 $0

Capital One

National Bank Best for Low Fees Yes 3.50% 70,000+ $0

Chase

National Bank Best for Customer Satisfaction Yes 0.02% 15,000 $25

Citi

National Bank, Online Bank Best for Customer Service Yes 3.50% 60,000 $4.50

Discover

National Bank, Online Bank Best for Innovation, Best for Rewards Yes 3.50% 60,000+ $0

Everbank

National Bank Best for Money Market Accounts Yes 4.30% 80,000 $0

SoFi

National Bank, Online Bank Best for Savings, Best for High-Yield Savings Yes 4.60% 55,000 $0

Alliant Credit Union

Credit Union Best Overall Yes 3.10% 80,000 $0

Best Banks Rankings

Here are our picks for the best banks in these categories: National, Online and Credit Unions.

We’ve also picked the best banks for students, seniors and members of the armed forces.

America First Credit Union

Credit Union Best for Membership Perks Yes 0.05% 30,000 $0

Golden 1 Credit Union

Credit Union Best for Seniors Yes 0.20% 30,000 $0

Greenstate Credit Union

Credit Union Best for Rewards Yes 1.75% 30,000 $0

Lake Michigan Credit Union

Credit Union Best for Share Certificates Yes 4.05% 55,000 $0

Mountain America Credit Union

Credit Union Best for Innovation Yes 0.05% 30,000 $0

Navy Federal Credit Union

Credit Union Best for Members of the Military Yes 0.25% 1.7 million $0

Quontic

Online Bank Best for Money Market Accounts Yes 3.75% 90,000 $0

Redneck

Online Bank Best for High-Yield Checking Yes 4.10% Not disclosed $0

Acorns

Online Bank Best for Innovation Yes 4.05% 55,000 $3–$12
No results match.
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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 10/14/2025