Best Banks and Credit Unions in the Northeast for 2026
Earn up to 4.30% APY*
- Limited Time Offer - New accounts earn a 0.70% APY boost to 4.30% for up to 6 months with eligible direct deposit*
- $0 min. balance to earn APY
- Open Checking & Savings Accounts with 1 Sign Up
- Up to 2-Day-Early Paycheck3
- FDIC Insured up to $250k plus up to $3M in supplemental insurance4
- No Account Fees5 & No-fee Overdraft Coverage6
*Terms Apply
1. Up to $300 Bonus Tiered Disclosure
New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.
SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time.
These rates are current as of 11/12/25. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
2. APY disclosures
Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 1/24/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet
3. Fee Policy
We do not charge any account, service or overdraft fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.
4. Additional FDIC Insurance
SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.
5. ATM Access
We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.
6. Early Access to Direct Deposit Funds
Early access to direct deposit funds is based on the timing of the funding which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
7. Overdraft Coverage
Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with Eligible Direct Deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The 30-Day Evaluation Period means the 30 consecutive calendar days between the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. SoFi reserves the right to withdraw this benefit at any time, including instances of non-repayment of negative balances or misuse of the benefit. Please see full eligibility for Overdraft Coverage.
8. 0.70% Savings APY Boost
Earn up to 4.30% Annual Percentage Yield (APY) on Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus by 1/31/26. Rates variable, subject to change at any time. https://www.sofi.com/banking/#2. SoFi Bank, N.A., Member FDIC.
Earn 3.90% APY* with Barclays' Tiered Savings Account
- $0 Min. Balance to Earn APY on Barclays' Tiered Savings
- No Monthly Maintenance Fees
- Easy Direct Deposits & Online Transfers
- Deposits are FDIC Insured
*Rate as of 6/18/2025
* Barclays Tiered Savings Annual Percentage Yields (APYs) are accurate as of 01/13/2025 and may change at any time without prior notice, before or after the account is opened. The APYs are determined by the Balance Tiers (Tiers) and the amount deposited. The same rate may apply to multiple Tiers and Tiers may change without notice. APY is calculated based on the Tier into which the end of day account balance falls. Fees could reduce the earnings on the account. No minimum balance to open, but for interest to post to your account you must maintain a minimum balance that would earn you at least $0.01. Please see the Compare Account Page for current Tier and APY information. The APY for the Barclays Tiered Savings account for balance tiers greater than $250,000 are currently 10X the national average of 0.46% APY, based on the national average of savings account rates published in the FDIC's National Rates and Rate Caps, accurate as of 09/16/2024.
Earn 3.85% APY* with Platinum Savings
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With a Balance of $5,000 or More*
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Earn 0.25% APY with a Balance of Less than $5k*
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$100 Minimum Deposit to Open Account
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No Account Opening or Monthly Service Fees
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CIT Bank Account is FDIC Insured
*Rate as of 9/23/25
*For complete list of account details and fees, see our Personal Account disclosures
*Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance.
*APYs — Annual Percentage Yields are accurate as of September 23, 2025: 0.25% APY on balances of $0.01 to $4,999.99; 3.85% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
*Based 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.
Earn 3.40% APY* with a Discover™ Savings Account
- Earn Over 5X the National Savings Average¹
- $0 Min. Balance to Earn APY
- $0 Monthly Fees & No Min. Opening Deposit
- No Overdraft Fees
- Deposits are FDIC-insured up to $250,000²
*Rates as of 9/30/2025
*The Annual Percentage Yield (APY) for the Online Savings Account as of 04/25/2025 is more than five times the national average APY for interest bearing savings accounts with a balance of $500 as reported by Curinos as of 04/25/2025. National average is based on information regarding the top 50 banks (by deposit size) and may not include information from variations in regional pricing at such banks or information from products that may not be widely available to their customers. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed. APYs are subject to change at any time.
Enjoy hassle-free banking and earn 4.20% APY* with no more hidden fees.
- Enjoy free monthly maintenance
- Watch your savings grow with daily compounded interest.
- Deposit anytime, anywhere with unlimited mobile check deposits.
- Deposits are FDIC-insured up to $250,000
*Rate as of 10/10/2025
The Northeast encompasses nine states: Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont. These states are home to thousands of banks and credit unions, so finding the right accounts can feel overwhelming.
We researched leading financial institutions that operate within these states and evaluated them based on their accounts, interest rates, fees, deposit requirements and customer satisfaction. Based on that information, we identified the five best banks in the Northeast for 2026:
- Capital One - Best Overall
- Bank of America - Best for CDs
- KeyBank - Best for Interest-Bearing Checking
- Liberty - Best for Free Checking
- TD Bank - Best for Customer Satisfaction
*Rates and fees were current as of Oct. 14, 2025.
Best Overall: Capital One
As an online and traditional bank, Capital One operates branches in 16 states, including Massachusetts, New Jersey and New York in the Northeast. The bank's ATM network includes more than 70,000 locations, and it offers checking accounts, savings accounts and CDs. The bank's Auto Navigator helps customers find vehicles, get pre-approved for auto loans and adjust things like down payments, term length and more to build a deal that's the right fit for them.
Its 360 Checking account doesn't charge monthly maintenance fees, doesn't require a minimum opening balance and provides early paycheck access. Meanwhile, its 360 Performance Savings account currently offers 3.40% APY while also not requiring a minimum balance or charging monthly fees. Capital One's CDs offer competitive rates with terms ranging from six months to six years, but the bank does not offer money market accounts.
- Early paycheck access
- No minimum balance requirements
- No monthly maintenance fees
- No money market accounts
- Branches aren’t available in all Northeast states
- No reimbursement for out-of-network ATMs
Best for CDs: Bank of America
Bank of America is the second largest U.S. bank by assets and the third largest by branch locations with 3,857 supplemented with 15,000 ATM locations. The bank has a solid presence in the Northeast, and it offers checking accounts, savings accounts, student accounts and CDs.
Its CDs are where the bank stands out. With terms ranging from 28 days to 10 years and APYs as high as 3.51%, the Bank of America's CDs have high-yielding options for short- and long-term savers. They do, however, require a minimum deposit of $1,000. This year, Bank of America ranked highest in the J.D. Power 2025 U.S. Retail Banking Advice Satisfaction Study.
- 3,857 branch locations
- J.D. Power score of 8 out of 9
- High APY CDs
- $1,000 CD minimum
- Monthly fees for checking and savings
- No money market accounts
Best for Interest: KeyBank
KeyBank offers several checking account options, including a free checking account with no monthly maintenance fees. The Key Smart Checking account includes benefits like free paper checks, and you can open an account with as little as $10. With many banks, only the accounts with monthly fees are eligible for new customer promotions. But with KeyBank, customers can qualify for hundreds in promotional offers with its free checking options. Additionally, KeyBank has checking accounts for seniors and students without monthly fees.
However, KeyBank has unusually high deposit minimums for its money market accounts and CDs, so those with limited funds available may find its deposit minimum to be a significant obstacle. And its savings accounts tend to have lower-than-average APYs. KeyBank operates branches in 15 states, including Connecticut, Maine, New York, Pennsylvania and Vermont in the Northeast.
- Checking accounts without monthly fees available
- Senior and student checking options
- Free checking options eligible for promotional offers
- High minimum deposit for money market accounts
- High minimum deposit for CDs
- Lower-than-average rates on savings accounts
Best for Free Checking: Liberty Bank
Liberty Banks offers savings, checking, money market and student accounts as well as CDs. There are two different checking accounts available through Liberty Bank. Its Quarter Back Checking account lets you earn 25 cents on debit card purchases over $25, while its Payback checking account provides up to $15 per month in out-of-network ATM fees reimbursement. Both accounts feature no minimum balance requirements and no monthly maintenance fees.
The bank receives a Trustpilot rating of 3.8 stars out of a possible 5, but it only has 55 branch locations, the majority of which are in Connecticut. In order to open a checking account, Liberty Bank requires a minimum opening deposit of $25.
- No monthly maintenance fees
- No minimum balance requirements
- Out-of-network ATM fee reimbursement
- $25 minimum opening deposit requirement
- Must enroll in eStatements to avoid $2 monthly paper statement fee
- Only 55 branch locations
Best for Customer Satisfaction: TD Bank
Despite its national footprint, TD Bank's core service area is the Northeast, where it operates branches in Connecticut, Delaware, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont. It has multiple savings accounts to choose from, with no minimum deposit requirements and the potential for a higher-than-average APY. With TD Bank, there are options for savings, checking and student accounts as well as CDs. However, the bank doesn't offer money market accounts and its checking account has a $15 monthly fee.
Where TD Bank separates itself from the pack is customer satisfaction. According to the J.D. Power 2025 U.S. Retail Banking Satisfaction Study, the bank holds the highest score for Trust and Problem Resolution and was ranked first in online banking satisfaction among national banks in last year's U.S. Online Banking Satisfaction Study. Additionally, TD Bank's call center is recognized for its outstanding customer service.
- Multiple savings account options
- Free accounts for seniors and those under 18
- Those with high balances can qualify for high APYs
- Not everyone will qualify for fee waivers
- Highest APY requires large balances
- Limits on withdrawals per month
Compare Savings Accounts rates today
Up to 2-day-early paycheck
Earn up to 4.30% APY*
- Limited Time Offer - New accounts earn a 0.70% APY boost to 4.30% for up to 6 months with eligible direct deposit*
- $0 min. balance to earn APY
- Open Checking & Savings Accounts with 1 Sign Up
- Up to 2-Day-Early Paycheck3
- FDIC Insured up to $250k plus up to $3M in supplemental insurance4
- No Account Fees5 & No-fee Overdraft Coverage6
*Terms Apply
No monthly maintenance fees
Earn 3.90% APY* with Barclays' Tiered Savings Account
- $0 Min. Balance to Earn APY on Barclays' Tiered Savings
- No Monthly Maintenance Fees
- Easy Direct Deposits & Online Transfers
- Deposits are FDIC Insured
*Rate as of 6/18/2025
Member FDIC
Earn 3.75% APY* with CIT's Savings Connect Account
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$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.
No minimum opening deposit
Earn 3.40% APY* with a Discover™ Savings Account
- Earn Over 5X the National Savings Average¹
- $0 Min. Balance to Earn APY
- $0 Monthly Fees & No Min. Opening Deposit
- No Overdraft Fees
- Deposits are FDIC-insured up to $250,000²
*Rates as of 9/30/2025
No hidden fees
Enjoy hassle-free banking and earn 4.20% APY* with no more hidden fees.
- Enjoy free monthly maintenance
- Watch your savings grow with daily compounded interest.
- Deposit anytime, anywhere with unlimited mobile check deposits.
- Deposits are FDIC-insured up to $250,000
*Rate as of 10/10/2025
How we chose the Best Banks for 2026
To determine our list of best banks for 2026, 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.
We researched leading banks and credit unions that operate in the Northeast, vetting their accounts, rates, fees and customer service options to select the top institutions in that region for 2026. We placed particular emphasis on banks and credit unions with broad branch networks and ATM networks in the Northeast, as well as online offerings that expand accessibility.
You can read our full methodology here.