--- title: Best National Banks for 2027 description: For Money's Best Banks for 2027, we analyzed hundreds of national, regional, direct and online banks and credit unions. 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: '2026-10-14T14:16:44.000Z' modified: '2026-10-14T18:09:18.000Z' section: Banking tags: - best banks word_count: 1148 canonical: https://money.com/best-national-banks/ 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 National Banks for 2027](https://img.money.com/2024/10/Best-Banks-2024-National-mbci_9st04__8ot54y.png?w=1012&h=569&crop=1) ## Our Partners ### TOP PARTNER ![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/a38d28b0d6ec?ap_referrer=%2Fbest-national-banks%2F&bidid=4222797500&pmeta=p129-c561-u42650&ptid=683286285&ptoken=b80d81eb449e945233f18929387c8cbb&ua=Mozilla%2F5.0+AppleWebKit%2F537.36+%28KHTML%2C+like+Gecko%3B+compatible%3B+ClaudeBot%2F1.0%3B+%2Bclaudebot%40anthropic.com%29&zip=43215&apxa1=physical-bank-branches-comeback) **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 **\[AFFILIATE LINK: Open SoFi Account Today\]** * * * ![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/1437166d6045?ap_referrer=%2Fbest-national-banks%2F&bidid=4222797503&pmeta=p129-c561-u42650&ptid=683286285&ptoken=b416f1e687edff0ea4fdb2de46dc2569&ua=Mozilla%2F5.0+AppleWebKit%2F537.36+%28KHTML%2C+like+Gecko%3B+compatible%3B+ClaudeBot%2F1.0%3B+%2Bclaudebot%40anthropic.com%29&zip=43215&apxa1=physical-bank-branches-comeback) **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. **\[AFFILIATE LINK: View CIT Bank Offer\]** * * * ![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/8e2f2e8e6186?ap_referrer=%2Fbest-national-banks%2F&bidid=4222797508&pmeta=p129-c561-u42650&ptid=683286285&ptoken=7a6e1e58a65060633ba9f1336d674c93&ua=Mozilla%2F5.0+AppleWebKit%2F537.36+%28KHTML%2C+like+Gecko%3B+compatible%3B+ClaudeBot%2F1.0%3B+%2Bclaudebot%40anthropic.com%29&zip=43215&apxa1=physical-bank-branches-comeback) **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. **\[AFFILIATE LINK: View Openbank Offer\]** ## Key Takeaways - Money evaluated the nation's largest financial institutions for 2027 and found seven standouts: Ally (Best Overall), American Express (Best for Checking Accounts), Axos Bank (Best for Savings Accounts), BMO (Best for Money Market Accounts), EverBank (Best for CDs), Capital One (Best for Customer Satisfaction) and SoFi (Best for Low Fees). - Online and national banks significantly outperform traditional brick-and-mortar alternatives, offering low-to-no monthly fees and higher-than-average APYs while providing customers with FDIC protection. - Money's rankings analyzed over 115 retail banks, credit unions and regional institutions based on asset size, account fees, deposit minimums, ATM accessibility and customer satisfaction ratings from JD Power, Trustpilot and the BBB. The days of being limited to the bank around the corner are now a distant memory. Today, you can choose from large national banks and digital financial institutions that provide customers with superior options. With such a competitive landscape, you can find checking accounts, savings accounts, money market accounts and certificates of deposit (CDs) with low fees and higher annual percentage yields (APYs) than those offered by their brick-and-mortar counterparts. To help you find the right bank, Money researched the largest banks and financial institutions in the country. We evaluated each bank on their fees, account options, APYs and customer satisfaction ratings. Based on our analysis, these are the best national banks of 2027: - **[Ally](#ally):** Best Overall - **[American Express](#amex):** Best for Checking Accounts - **[Axos Bank](#axos):** Best for Savings Accounts - **[BMO](#bmo):** Best for Money Market Accounts - **[EverBank](#everbank):** Best for CDs - **[Capital One](#capone):** Best for Customer Satisfaction - **[SoFi](#sofi):** Best for Low Fees *\*Rates and APYS are subject to change. All information provided here is 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-national-banks%2F&apxa1=physical-bank-branches-comeback) ## Best Overall: Ally ![](https://s3.consumersadvocate.org/prd/image/image/7436/large_ad73ce2a-f481-474c-8467-e5f498ff9498.png) [View Rates](https://money.com/pr/v85ee7a67797?ap_referrer=%2Fbest-national-banks%2F&url=&apxa1=physical-bank-branches-comeback) If you're looking for a new bank, [Ally](https://money.com/pr/rd6ec80e9e3e?data-trk-company=ally-bank-savings-accounts-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=rd6ec80e9e3e&encoded_id=&apxa1=physical-bank-branches-comeback) stands out from the competition due to its low fees, high APYs and strong customer satisfaction ratings. In its U.S. Direct Banking Satisfaction Study, JD Power ranked Ally second out of 22 savings account providers for customer satisfaction, while ranking Ally third out of 25 checking account providers. Ally doesn't charge monthly fees on its checking accounts, savings accounts, money market accounts or CDs. Although the bank doesn't operate physical branches, it has an ATM network of over 75,000 ATMs. And if you don't have an in-network ATM near you, Ally will reimburse you up to $10 in ATM fees per statement cycle. **Pros** - No monthly fees - Higher-than-average APYs - Highly rated in the JD Power Direct Banking Satisfaction Study **Cons** - Cash deposits only possible through a Walmart Money Center or customer service desk - Limits on savings account withdrawals - No physical branches ## Best for Checking Accounts: American Express ![](https://s3.consumersadvocate.org/prd/image/image/40586/large_df8e509a-d8ab-4cd8-ba01-00679878e532.webp) [SEE OFFER](https://money.com/pr/tcaa31f3b45e?ap_referrer=%2Fbest-national-banks%2F&url=&apxa1=physical-bank-branches-comeback) [American Express](https://money.com/pr/z231eb2454c0?data-trk-company=american-express-personal-savings-accounts-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=z231eb2454c0&encoded_id=&apxa1=physical-bank-branches-comeback) may be known for its credit cards, but customers can also take advantage of its banking products. Its checking accounts have no monthly fees or minimum balance requirements. The account is also interest-bearing, so you can earn up to 1.00% APY on your balance. American Express is also one of the few financial institutions that offers checking account rewards. You can earn membership reward points on debit card purchases. There's an added perk to the American Express checking account. New customers can earn $300 if they open an account by February 2027 and receive $7,500 or more in qualifying direct deposits within 90 days of account opening. **Pros** - No monthly fees or account minimums - Customers can earn rewards on debit card purchases - Highly ranked in the JD Power Direct Banking Satisfaction Study **Cons** - No money market accounts - Limited CD terms available - Must have an existing Amex account to open a checking account ## Best for Savings Accounts: Axos Bank ![](https://s3.consumersadvocate.org/prd/image/image/8770/large_7622d591-2ee6-4691-ad6e-602776940e14.png) [SEE OFFER](https://money.com/pr/i77fa2502361?ap_referrer=%2Fbest-national-banks%2F&url=&apxa1=physical-bank-branches-comeback) [Axos](https://money.com/pr/k36d0c04d5a4?data-trk-company=axos-bank-high-yield-savings-account-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=k36d0c04d5a4&encoded_id=&apxa1=physical-bank-branches-comeback) has multiple savings account options. Axos ONE is a combination checking and savings bundle. When you open this account, you can earn up to 4.21% on your savings account balance, up to a maximum of $249,999.99. Axos doesn't charge monthly fees on its savings accounts, nor does it have any minimum balance requirements. Additionally, the bank offers specialized account options for teens, including checking and savings accounts. Its teen savings accounts have an APY of 0.25% with no monthly fees. These accounts also have parental controls, so parents can receive account alerts. **Pros** - Among the highest APYs on savings accounts - No monthly fees - Teen accounts available **Cons** - No physical locations - No CDs - No money market accounts ## Best for Money Market Accounts: BMO ![](https://s3.consumersadvocate.org/prd/image/image/27221/large_76542624-019d-4108-a323-6063273cd535.png) [SEE OFFER](https://money.com/pr/tbc3425780db?ap_referrer=%2Fbest-national-banks%2F&apxa1=physical-bank-branches-comeback) Although [BMO](https://money.com/pr/p435d4a99995?data-trk-company=bmo-savings-builder-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=p435d4a99995&encoded_id=&apxa1=physical-bank-branches-comeback) only operates in 23 states, it has digital bank account options that are available nationwide. Among those account options is BMO's money market account. BMO's money market accounts earn an APY that is more than four times the national average, and you can open an account with as little as $25. While the account does have a monthly fee, you can qualify for a fee waiver by maintaining an account balance of $25. The bank also has digital checking and savings account options. With its savings account, you can earn a $5 reward for every month you grow your account balance by $200 or more for the first year. **Pros** - Fee waiver available on money market accounts - Higher-than-average APY on money market accounts - Savings account reward available for the first year **Cons** - Fees on savings and checking accounts - Limited branch network - Limited CD terms ## Best for CDs: EverBank ![](https://s3.consumersadvocate.org/prd/image/image/40472/large_d38812d7-81b3-4a6f-b058-75c0cc0ad2dc.webp) [View Rates](https://money.com/pr/zd40f2fad3c5?ap_referrer=%2Fbest-national-banks%2F&url=&apxa1=physical-bank-branches-comeback) CDs can be a great way to lock in a high APY for months or even years, helping your money grow faster than it would in a traditional savings account. [EverBank](https://money.com/pr/s29a677d8864?data-trk-company=everbank-savings-accounts&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=s29a677d8864&encoded_id=&apxa1=physical-bank-branches-comeback) has one of the highest APYs available on CDs. EverBank also offers Certificate of Deposit Account Registry Service (CDARS) CDs, which are a good option for those with larger amounts of cash. These CDs split your money into multiple accounts so that your funds are protected well beyond the FDIC standard of $250,000. In addition to its CDs, EverBank also offers checking accounts, savings accounts and money market accounts (though money market accounts are only available in some areas). Its accounts have low fees, and you can qualify for out-of-network ATM fee reimbursement with an EverBank checking account. **Pros** - CDARS CDs available - Higher-than-average APYs on CDs - Out-of-network ATM fee reimbursement **Cons** - Money market accounts not available nationwide - Mixed customer reviews - Some perks require a $5,000 account balance ## Best for Customer Satisfaction: Capital One ![](https://s3.consumersadvocate.org/prd/image/image/10557/large_faa620b8-68bc-44fa-9370-2f0937de3bab.png) [Sign Up](https://money.com/pr/c86478c379ff?ap_referrer=%2Fbest-national-banks%2F&url=&apxa1=physical-bank-branches-comeback) [Capital One](https://money.com/pr/u91741f18ec3?data-trk-company=capital-one-kids-savings-account-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=u91741f18ec3&encoded_id=&apxa1=physical-bank-branches-comeback) is one of the 10 largest banks in the county based on consolidated assets. The bank has a strong reputation for customer service. JD Power rated Capital One in the top five for both checking and savings accounts in its U.S. Direct Banking Satisfaction Study, and the bank receives an A+ rating from the Better Business Bureau. You can open a checking or savings account without fees through Capital One, and the bank also has specialized accounts for kids and teens. Notably, the bank’s APYs on savings accounts and CDs are significantly higher than the national average, and Capital One has an extensive ATM network. **Pros** - No fees on checking or savings accounts - Highly rated by JD Power for checking and savings accounts - Kid and teen accounts available **Cons** - Limited CD terms - No money market accounts - Limited branch and financial center access ## Best for Low Fees: SoFi ![](https://s3.consumersadvocate.org/prd/image/image/19227/large_5c3a0d96-3da5-45d8-8e99-d58f043e9433.png) [View Rates](https://money.com/pr/r1c2f9558287?ap_referrer=%2Fbest-national-banks%2F&url=&apxa1=physical-bank-branches-comeback) If your priority is low fees, [SoFi](https://money.com/pr/o3a4f32fe650?data-trk-company=sofi-savings-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=o3a4f32fe650&encoded_id=&apxa1=physical-bank-branches-comeback) could be a good choice. You can open a combined checking and savings account without monthly fees, minimum balance fees or overdraft fees. A SoFi checking account comes with perks like the ability to receive your paycheck up to two days sooner, and SoFi checking accounts earn interest. As of October 2026, you can earn 0.5% APY on checking account balances. With SoFi's savings account, you can earn up to 4.2% APY on your account, with zero account fees. Plus, you can earn between $50 and $400 by opening a new account and completing qualifying direct deposits. Although SoFi doesn't operate physical branches, it does have an ATM network of over 55,000 ATMs, so you can likely find a machine near you. **Pros** - No monthly fees or minimum balance requirements - No overdraft fees - Higher-than-average APYs on checking and savings accounts **Cons** - No money market accounts or CDs - No physical branches - Cannot open just one account ## FAQs ### What qualifies a bank as a national bank? A national bank is a large financial institution that operates across multiple states with an extensive physical footprint, often featuring thousands of branches and nationwide ATM networks alongside comprehensive online and mobile banking capabilities. They typically offer a full suite of products, including checking, savings, investing, mortgages, credit cards and personal loans. ### What are the benefits of choosing a national bank over a regional bank? The primary advantages are convenience, accessibility and technology. National banks offer extensive branch and fee-free ATM networks across the country, 24/7 customer support, advanced mobile apps and full-service financial product suites. ### How do interest rates at national banks compare to online-only banks? Brick-and-mortar national banks typically offer lower APYs on standard savings accounts compared to online banks. Because traditional banks incur heavy overhead costs to maintain physical branches and ATMs, their base savings rates are often lower. ### Are deposits at national banks FDIC-insured? Yes, deposits at federally chartered national banks are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, per account category (e.g., single, joint, IRA). ## How we chose Money's Best Banks for 2027 To identify the best banks of 2027, Money evaluated over 115 retail banks, regional banks, state banks and credit unions. The financial institutions we evaluated were selected based on their asset sizes and customer bases. We researched each institution's bank account options, fees, deposit minimums and customer service ratings. We considered Trustpilot customer reviews, Better Business Bureau ratings and ratings in JD Power's Retail and Direct Banking **s**tudies, while also focusing on institutions with widespread ATM networks for convenient cash access. We prioritized banks and credit unions that had low fees and higher-than-average APYs on core checking accounts, savings accounts, money market accounts and CDs. For comparison, we looked at the national average APYs according to data from the FDIC: - **Savings:** 0.38% - **Interest-bearing checking:** 0.07% - **Money market:** 0.63% - **12-month CD:** 1.71% 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. You can [read our full methodology here](https://money.com/best-banks/methodology/). ## Save money the right way with a High-Yield Savings Account ### For an easy and effective way of saving money, a High-Yield Savings Account is a good bet. Just click below and open your account today. [Open an Account Today](https://money.com/pr/z29348bd92e7?ap_referrer=%2Fbest-national-banks%2F&apxa1=physical-bank-branches-comeback) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/best-national-banks/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Banking", "item": "https://money.com/banking/" }, { "@type": "ListItem", "position": 3, "name": "Banks", "item": "https://money.com/banks/" }, { "@type": "ListItem", "position": 4, "name": "Best National Banks for 2027" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/best-national-banks/#webpage", "url": "https://money.com/best-national-banks/", "name": "Best National Banks for 2027", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2026-10-14T14:16:44.000Z", "mainEntity": { "@id": "https://money.com/best-national-banks/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/best-national-banks/#breadcrumb" }, "dateModified": "2026-10-14T18:09:18.000Z" }, { "@type": "Article", "headline": "Best National Banks for 2027", "articleSection": "Banking", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2024/10/Best-Banks-2024-National-mbci_9st04__8ot54y.png", "width": 2880, "height": 1920 } ], "author": [ { "@type": "Person", "name": "Kat Tretina", "url": "https://money.com/author/kat-tretina/", "@id": "https://money.com/author/kat-tretina/#author", "image": "https://img.money.com/2022/01/a_kat-tretina.jpg?quality=85&w=400&h=440&crop=1", "alumniOf": "B.A in English and Communications from Elizabethtown College, M.A. in Communications from West Chester University" } ], "publisher": "https://money.com/#organization", "datePublished": "2026-10-14T14:16:44.000Z", "description": "For Money's Best Banks for 2027, we analyzed hundreds of national, regional, direct and online banks and credit unions.", "abstract": "For Money's Best Banks for 2027, we analyzed hundreds of national, regional, direct and online banks and credit unions.", "@id": "https://money.com/best-national-banks/", "inLanguage": "en-US", "dateModified": "2026-10-14T18:09:18.000Z", "editor": [ { "@type": "Person", "name": "Jordan Chussler", "url": "https://money.com/author/jordan-chussler/", "@id": "https://money.com/author/jordan-chussler/#author", "description": "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. 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