- BEST Banks 2023
-
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
- U.S. Bank
- USAA
- Vio Bank
- Wells Fargo
- COMPLETE RANKINGS
-
REGIONAL RANKINGS
- Best Banks and Credit Unions in the Southeast of 2023-2024
- Best Banks and Credit Unions in the Midwest of 2023-2024
- Best Banks and Credit Unions in the Northeast of 2023-2024
- Best Banks and Credit Unions in the West of 2023-2024
- Best Banks and Credit Unions in Texas for 2023-2024
- Best Banks and Credit Unions in California for 2023-2024
- Best Banks and Credit Unions in New York for 2023-2024
- Best Banks and Credit Unions in Florida for 2023-2024
- VIEW ALL
- Money’s Methodology
For the 2023 edition of Best Banks, Money evaluated 293 financial institutions, including national banks, direct or online banks, and credit unions. We looked at hundreds of data points covering minimum deposits, rates, fees, and other features like customer service and convenience.
Of those 293 institutions, we established Money's top picks in the following categories: best national banks, best online banks, best credit unions, best banks for students, best banks for seniors, and best military banks and credit unions.
We also looked at four regions: Northeast, Southeast, Midwest and West. Finally, we examined California, Texas, Florida and New York in this year's edition.
Data analyzed was provided by Curinos in summer 2023.
Money's Best Banks is one of the publication's oldest franchises, providing readers an annual analysis of the institutions best for everyday banking needs.
Ads by Money. We may be compensated if you click this ad.Ad
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$100 minimum balance for APY
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*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.
| 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 | 4.5% | $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, 4.6% savings | $0 |
TD Bank |
National Bank | Conventional Checking | Yes | 0.01% | $10^ |
U.S. 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
