--- title: Best Banks and Credit Unions of the Northeast for 2027 description: Money looked at dozens of financial institutions to find the 2027 best banks and credit unions of the Northeast. authors: - name: Kat Tretina role: Contributor url: https://money.com/author/kat-tretina/ education: B.A in English and Communications from Elizabethtown College, M.A. in Communications from West Chester University at_money_since: 2025 articles: 31 covers: - Banking - Insurance - Loans former_staff: true editors: - name: Jordan Chussler role: Editor, Investing and Banking url: https://money.com/author/jordan-chussler/ bio: Jordan is an investment editor who specializes in topics ranging from traditional equities, retirement savings and income investing to alternative assets and commodities, specifically focusing on gold and other precious metals. He combines his personal interests and professional experience in finance and education to help readers increase their financial literacy and make better investment choices. Jordan is a Certified Personal Finance Counselor. education: Lynn University certifications: Certified Personal Finance Counselor at_money_since: 2023 articles: 133 covers: - Banking - Credit - Credit Cards - Economy and Politics - Housing - Identity Theft - Insurance - Investing - Loans - Mortgages - Personal Finance - Professional Services - Retirement also_seen_in: - Weiss Ratings - 24/7 Wall Street - Better Investing - Yahoo Finance - Nasdaq - Investing.com - Marketbeat - MSN Money social: - https://www.linkedin.com/in/jordan-chussler-b3597811/ published: '2026-10-14T14:47:32.000Z' modified: '2026-10-14T17:50:23.000Z' section: Banking tags: - best banks word_count: 725 canonical: https://money.com/best-banks-and-credit-unions-northeast/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Best Banks and Credit Unions of the Northeast for 2027](https://img.money.com/2025/10/Best-Banks-2026-Northeast-States-mbci_9st04__8ot54y.jpg?quality=85&w=1012&h=569&crop=1) ## Our Partners ### TOP PARTNER ![See Offer](https://s3.consumersadvocate.org/prd/image/image/19227/medium_5c3a0d96-3da5-45d8-8e99-d58f043e9433.png) Our Partner [See Offer](https://money.com/go/fe223b288651?ap_referrer=%2Fbest-banks-and-credit-unions-northeast%2F&bidid=4222502498&pmeta=p129-c561-u34227&ptid=683240129&ptoken=58b377ba3606105697bda6fcf2786d17&ua=Mozilla%2F5.0+AppleWebKit%2F537.36+%28KHTML%2C+like+Gecko%3B+compatible%3B+ClaudeBot%2F1.0%3B+%2Bclaudebot%40anthropic.com%29&zip=43215) **Up to 3.30% APY² with eligible direct deposit or $5,000 or more in qualifying deposits during the 31-day evaluation period.** - Limited Time Offer - +0.90% Boost on Savings APY to up to 4.20% for up to 6 months on new accounts. Terms apply.8  - $0 min. balance to earn APY - Open Checking & Savings Accounts with 1 Sign Up - Up to 2-Day-Early Paycheck3 - Access additional FDIC insurance up to $3M on deposits4 - No Account Fees5 & No-fee Overdraft Coverage6 \*Terms Apply **\[AFFILIATE LINK: Open SoFi Account Today\]** * * * ![See Offer](https://s3.consumersadvocate.org/prd/image/image/40232/medium_cfa5e5b0-4ccd-4dc6-814f-910bb4151eb3.webp) Our Partner [See Offer](https://money.com/go/4e436865019e?ap_referrer=%2Fbest-banks-and-credit-unions-northeast%2F&bidid=4222502500&pmeta=p129-c561-u34227&ptid=683240129&ptoken=9a2ec3f12f99981e1403801708c734a7&ua=Mozilla%2F5.0+AppleWebKit%2F537.36+%28KHTML%2C+like+Gecko%3B+compatible%3B+ClaudeBot%2F1.0%3B+%2Bclaudebot%40anthropic.com%29&zip=43215) **Earn 4.25% APY\* for 6 months with $5k min. balance when you open a Platinum Savings Account** - $5,000 min. balance to earn top APY - $100 minimum deposit to open an account - No account opening or monthly service fees - Member FDIC \*Boosted rate for 6 months; 3.75% APY after. \*Enter promo code BOOST50 for APY bonus. Rate as of 9/29/2026. **\[AFFILIATE LINK: View CIT Bank Offer\]** * * * ![See Offer](https://s3.consumersadvocate.org/prd/image/image/40546/medium_c4df0da9-32d5-4f39-9172-e02e18571a8d.webp) Our Partner [See Offer](https://money.com/go/0d89b11c4939?ap_referrer=%2Fbest-banks-and-credit-unions-northeast%2F&bidid=4222502502&pmeta=p129-c561-u34227&ptid=683240129&ptoken=e734787ff7ae06efa89a3625dfcd28bd&ua=Mozilla%2F5.0+AppleWebKit%2F537.36+%28KHTML%2C+like+Gecko%3B+compatible%3B+ClaudeBot%2F1.0%3B+%2Bclaudebot%40anthropic.com%29&zip=43215) **Earn Up to 4.35% APY (inclusive of 0.35% APY Boost)\*\*** - $500 minimum opening deposit - Keep more of your money with no fees - Trusted device security with quick face or fingerprint login - Member FDIC, Santander Bank, N.A. Rates as of 10/14/2026 \*\*New Customers only. Terms Apply. Santander Bank, N.A. Member FDIC. The APY Boost will apply for (6) months from the date the account is opened. **\[AFFILIATE LINK: View Openbank Offer\]** ## Quick Summary - Capital One claims the top spot as the best overall bank in the Northeast. Money recognizes the bank for its top JD Power customer satisfaction score in the region, the higher-than-average APY offered by its 360 Performance Savings account and its fee-free youth savings accounts. - Other winners are recognized for their higher rates, ease of access and specific accounts. Citi is highlighted for its high-yield Accelerate Savings account with low-balance fee waivers, Chase for unmatched branch and ATM accessibility, Citizens Bank for competitive CD rates and KeyBank for high-yield money market accounts. - Money's 2027 rankings of best banks and credit unions in the Northeast evaluated major regional, community and national financial institutions across nine states based on account fees, interest rates, physical footprints and JD Power regional retail satisfaction scores. The Northeast region encompasses nine states: Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont. This area of the country is also home to many national, regional and community banks and credit unions. But choosing the right bank can be challenging. To help, Money researched leading financial institutions in the Northeast and evaluated their account options, annual percentage yields (APYs), fees and customer satisfaction ratings. Here are our picks for the best banks and credit unions in the Northeast for 2027: - **[Capital One](#capone):** Best Overall - **[Citi](#citi):** Best for Savings Accounts - **[Chase](#chase):** Best for Checking Accounts - **[Citizens](#citizens):** Best for CDs - **[KeyBank](#keybank):** Best for Money Market Accounts *\*Rates and APYs are subject to change. All information provided was accurate as of Oct. 9, 2026.* ## Open a High-Yield Savings Account today and start earning interest ### Take advantage of an FDIC insured, High-Yield Savings Account from SoFi®. Click on your state and find out more. [SEE OFFER](https://money.com/pr/b6d40efa5682?ap_referrer=%2Fbest-banks-and-credit-unions-northeast%2F) ## Best Overall: Capital One ![](https://s3.consumersadvocate.org/prd/image/image/10557/large_faa620b8-68bc-44fa-9370-2f0937de3bab.png) [SEE OFFER](https://money.com/pr/zda7158e5d25?ap_referrer=%2Fbest-banks-and-credit-unions-northeast%2F&url=) For the second year in a row, [Capital One](https://money.com/pr/u5095cbeadab?data-trk-company=capital-one-savings-accounts-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=u5095cbeadab&encoded_id=) ranks as the best overall bank in the Northeast. To help you grow your money, the bank offers useful savings tools. Its 360 Performance Savings account has no minimum balance requirement, nor does it charge monthly maintenance fees. With your savings account, you can earn 3.1% APY, a rate that is nearly 10 times higher than the national average. Capital One also has savings accounts for kids that do not charge monthly fees or maintenance fees, and parents can use online banking tools to monitor the accounts to help their children build financial literacy skills. JD Power ranked Capital One first out of nine banks in the Mid-Atlantic region in its U.S. Retail Banking Satisfaction Study. **Pros** - Higher-than-average APYs on savings accounts - No minimum deposit requirement or monthly fees - Top-rated for customer satisfaction in the JD Power study **Cons** - No money market accounts - Limited CD terms - Few branch locations ## Best for Savings Accounts: Citi ![](https://s3.consumersadvocate.org/prd/image/image/31815/large_12757c71-6755-4cda-b042-bf133ad7065e.webp) [SEE OFFER](https://money.com/pr/me5ead5a02d4?ap_referrer=%2Fbest-banks-and-credit-unions-northeast%2F&url=) [Citi](https://money.com/pr/r30962eb44b8?data-trk-company=citi-savings-account&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=r30962eb44b8&encoded_id=) offers savings accounts that pay an APY that is significantly higher than the national average. You can open a Citi Accelerate Savings Account entirely online, and there's no limit on the number of withdrawals you make. Additionally, there is no minimum deposit to open the account, though there is a $4.50 monthly service fee. However, you may be eligible for a fee waiver if you maintain an average monthly balance of $500 or more. Citi doesn't have money market accounts, but its CDs offer competitive rates with terms ranging from three months to five years along with a $1,000 minimum deposit requirement. **Pros** - Significantly higher-than-average APY on savings accounts - Low monthly balance to qualify for fee waivers - Bonus for new checking customers **Cons** - Lower ranking in the J.D. Power study - Maintenance fees on checking and savings accounts - No money market accounts ## Best for Checking Accounts: Chase ![](https://s3.consumersadvocate.org/prd/image/image/40459/large_31853ecb-e791-49bb-be96-bb2f04daa90d.webp) [See Offer](https://money.com/pr/h174cd8bf051?ap_referrer=%2Fbest-banks-and-credit-unions-northeast%2F&url=) [Chase](https://money.com/pr/i7be8f252370?data-trk-company=chase-savings-accounts-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=i7be8f252370&encoded_id=) is the largest traditional bank in the U.S., and it operates 5,000 branch locations and over 14,000 ATMs nationwide, making it a good option for checking account customers who want the option of visiting a local branch. You can deposit cash at Chase branches or ATMs, so the bank is particularly useful if you have a cash-based job. JD Power ranked Chase highly in its U.S. Retail Banking Satisfaction Study for the region. And although Chase doesn't necessarily have high APYs on its savings accounts, it does offer some higher-than-average APYs on select CD terms. **Pros** - Highly rated in the JD Power study - Extensive network of branches and ATMs - Specialty accounts available for teens and kids **Cons** - Checking accounts have monthly fees - No interest-bearing checking options - No rewards or added perks ## Best for CDs: Citizens ![](https://s3.consumersadvocate.org/prd/image/image/18823/large_884d4584-2a39-4f4d-8441-ef12107169fd.png) [SEE OFFER](https://money.com/pr/c988fe180d15?ap_referrer=%2Fbest-banks-and-credit-unions-northeast%2F&url=) [Citizens Bank](https://money.com/pr/qf022f0eb798?data-trk-company=citizens-savings-account-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=qf022f0eb798&encoded_id=) operates 1,000 branches and has a large network of 3,100 ATMs. The bank offers some of the highest APYs on CDs. Depending on the term you choose and deposit amount, you could earn up to 4% APY. Additionally, Citizens Bank has higher-than-usual rates on money market accounts. Its Citizens Quest Money Market Account has no monthly fee if you have a Citizens Quest Checking Account. ​​ **Pros** - Among the highest rates for CDs in the region - High APYs on money market accounts - Some fee-free money market options available **Cons** - Lower ranking in the JD Power Retail Banking Satisfaction Study - Some CDs have $2,500 minimum requirements - Must be a Citizens Quest or Citizens Private Client Checking customer to open a CD ## Best for Money Market Accounts: KeyBank ![](https://s3.consumersadvocate.org/prd/image/image/40824/large_c046f131-19e1-4018-ba5f-a353550cb4ac.webp) [SEE OFFER](https://money.com/pr/w58ce53d0ae2?ap_referrer=%2Fbest-banks-and-credit-unions-northeast%2F&url=) [KeyBank](https://money.com/pr/l1ec16abeffb?data-trk-company=keybank&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=l1ec16abeffb&encoded_id=) is a regional bank with a large physical presence in the Northeast region. It operates over 900 branches and 1,600 ATMs in the Northeast. Its money market accounts boast significantly higher-than-average APYs. Depending on your account balance, you can earn up to 3.75% with your money market account. Although the money market account has a monthly fee, you can qualify for a fee waiver if you meet average daily balance requirements or have a qualifying KeyBank checking account. **Pros** - 900 branches in the region - Higher-than-average APYs - Unlimited withdrawals or transfers on money market accounts **Cons** - Mixed customer service ratings - Fees on most deposit accounts - $5,000 minimum requirement for money market accounts ### Up to 2-day-early paycheck ![View Rates](https://s3.consumersadvocate.org/prd/image/image/19227/medium_5c3a0d96-3da5-45d8-8e99-d58f043e9433.png) Our Partner [View Rates](https://money.com/go/1d191e73abf2?ap_referrer=%2Fbest-banks-and-credit-unions-northeast%2F&bidid=4222502504&pmeta=p129-c561-u39720&ptid=683240131&ptoken=0d4e01fc43acd66213144df57bf35fea&ua=Mozilla%2F5.0+AppleWebKit%2F537.36+%28KHTML%2C+like+Gecko%3B+compatible%3B+ClaudeBot%2F1.0%3B+%2Bclaudebot%40anthropic.com%29&zip=43215) ### Open an account in 5 minutes ![View Rates](https://s3.consumersadvocate.org/prd/image/image/40232/medium_cfa5e5b0-4ccd-4dc6-814f-910bb4151eb3.webp) Our Partner [View Rates](https://money.com/go/19f7b69ff726?ap_referrer=%2Fbest-banks-and-credit-unions-northeast%2F&bidid=4222502505&pmeta=p129-c561-u39720&ptid=683240131&ptoken=235d00d2d99539611a23f19fd5464058&ua=Mozilla%2F5.0+AppleWebKit%2F537.36+%28KHTML%2C+like+Gecko%3B+compatible%3B+ClaudeBot%2F1.0%3B+%2Bclaudebot%40anthropic.com%29&zip=43215) ### $500 minimum opening deposit ![View Rates](https://s3.consumersadvocate.org/prd/image/image/40546/medium_c4df0da9-32d5-4f39-9172-e02e18571a8d.webp) Our Partner [View Rates](https://money.com/go/ca4d4929e3cf?ap_referrer=%2Fbest-banks-and-credit-unions-northeast%2F&bidid=4222502506&pmeta=p129-c561-u39720&ptid=683240131&ptoken=06c57bfcab2e6a036f3fcb84ac29e9bd&ua=Mozilla%2F5.0+AppleWebKit%2F537.36+%28KHTML%2C+like+Gecko%3B+compatible%3B+ClaudeBot%2F1.0%3B+%2Bclaudebot%40anthropic.com%29&zip=43215) ## FAQs ### What is a regional bank, and how does it differ from a national or online bank? A regional bank operates within a specific geographic area or multi-state region, sitting in the sweet spot between small community banks and massive national institutions. Unlike national banks, which maintain thousands of branches across the country, regional banks focus their resources locally. Unlike online banks, which have lower overhead due to no physical locations, regional banks offer full-service physical branches alongside modern digital platforms. ### Why would I choose a regional bank over an online bank with higher interest rates or a national bank with branches across the country? Regional banks offer a balance of personalized service and competitive terms. Compared to national banks, regional banks feature localized underwriting, lower average account fees and bank officers who understand regional economic conditions. Compared to online banks, regional banks provide physical locations for cash deposits, notary services and face-to-face banking services, while still providing access to competitive APYs and modern mobile apps. ### Are my deposits as safe at a regional bank as they are at a giant national bank? Yes, your deposits are just as safe in a regional bank as they are in a national bank. Reputable regional banks are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, per ownership category. ## How we chose the best banks and credit unions of the Northeast We identified the best banks and credit unions in the Northeast by researching banks with a large presence in the region encompassing Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont. We compared banks' account options, minimum deposit requirements, monthly fees and interest rates. We also considered how banks ranked in the JD Power Retail Banking Satisfaction Study and prioritized banks with higher-than-average APYs. AI was not used in the sourcing of Best Banks data, the analysis of that data or the content subsequently produced by Money's editorial team. 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