Best National Banks for 2027

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: 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
• SoFi: Best for Low Fees

*Rates and APYS are subject to change. All information provided here is accurate as of Oct. 9, 2026.

If you're looking for a new bank, Ally 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.

American Express 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.

Axos 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.

Although BMO 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.

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 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.

Capital One 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.

If your priority is low fees, SoFi 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.

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 studies, 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.

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