Best Banks and Credit Unions in Florida

From its beaches to its amusement parks, it's easy to see why so many people flocked to Florida in the recent past. In fact, it's one of the fastest-growing states in the country; only South Carolina has had a higher growth rate.

There are several top notch financial institutions within the state. To help you find the best ones, we researched their accounts, annual percentage yields (APYs) and fees. Here is our list of the best banks and credit unions in Florida for 2024-2025:

• PNC - Best Overall
• Fifth Third Bank - Best for CDs
• Regions - Best for Digital Banking
• TD Bank - Best for Low Fees
• Truist - Best for Money Market Accounts

*Rates and APYs are subject to change. All information provided was accurate as of Oct. 8, 2024.

PNC operates over 180 locations in Florida, and it has a variety of account options available, including interest-bearing checking accounts and high-yield CDs. If you're a new PNC customer, you could be eligible for special promotional offers; if you meet certain deposit requirements, you could qualify for hundreds of dollars in bonuses.

PNC's accounts do have monthly fees, so you may have to pay a fee if you don't qualify for service charge waivers. And, its APYs tend to be relatively low on savings accounts.

If you're looking to grow your money, you can take advantage of Fifth Third Bank's promotional CD rates to earn a higher-than-average APY. Fifth Third Bank has several checking account options, including interest-bearing checking accounts, and the bank is highly-rated for customer satisfaction. In fact, J.D. Power awarded Fifth Third Bank the top spot in the U.S. Retail Banking Satisfaction Study for the state of Florida.

However, it charges fees for money market and savings accounts. Additionally, though it offers APYs that are substantially higher than the national average for CDs, the higher rates only apply to select terms.

Although Regions Bank operates several branches in Florida, it has some standout digital and mobile banking features. With Regions Offers, you can activate merchant offers through your online or mobile banking account and earn cash back on debit card purchases. Regions also offers its eAccess Account, a digital account with low fees for those who rarely need physical checks.

Although Regions boasts higher-than-average rates on CDs, it has limited CD term options. And, most of its checking and savings accounts require monthly fees.

Although TD Bank charges monthly fees for its savings and checking accounts, it has several fee waiver opportunities that are more achievable than most banks offer. By maintaining a relatively low balance, completing a number of deposits or meeting age restrictions, you can qualify for a waiver of monthly fees. With some accounts, you can qualify for overdraft fee reversals and ATM fee refunds.

TD Bank has an extensive branch and ATM network in the Sunshine State; it operates over 160 locations and over 250 ATMs within the state. Besides its account options with low fees, it also offers higher-than-usual rates on CDs, allowing you to lock in your APY. The best APYs require a TD Bank checking account, and the bank has fewer term options than other banks; the maximum CD term is just five years.

Truist operates over 200 physical branches in Florida, and it's an excellent choice if you want to open a CD. It has a relatively low minimum deposit requirement of $1,000, and you can earn an APY that is substantially higher than the national average.

Unfortunately, Truist doesn't allow customers to open CDs online; you have to schedule an appointment with a banker. Truist has lower ratings for customer satisfaction; J.D. Power placed Truist in the last spot for Florida in the U.S. Retail Banking Satisfaction Study.

How we chose the Best Banks of 2024-2025

To determine our list of best banks for 2024-2025, Money evaluated hundreds of the largest retail banks, credit unions, regional and state banks and online banks ranked by assets. We then compared opening balance requirements, interest paid, fees and features to determine our top picks.

To identify the best banks and credit unions in Florida for 2024, we evaluated their bank account options, deposit minimums, interest rates and fees. We also considered their digital banking tools, customer satisfaction ratings and branch and ATM networks.

You can read our full methodology here.

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