At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.
The best bank or credit union for you depends on what you’re in the market for: a savings account, a checking account, or both.
NerdWallet spent more than 200 hours comparing and rating dozens of financial institutions to identify those with the best deposit accounts. Skip ahead to our top picks.
Top Overall Banks: Three financial institutions earned spots in both our best checking and best savings accounts lists. If you want to keep your checking and savings accounts at the same bank, go with one of these options.
Our list includes a credit union. Generally speaking, credit unions emphasize customer service more than banks do and pay higher interest rates — although online accounts, like the ones on this list, tend to pay great rates, too. Read our article for more on credit unions vs. banks.
Top Savings Accounts: If you’d like to split your accounts between different banks, consider one of these savings accounts. They have annual percentage yields above 2% — much higher than the national average of 0.09%. This is important because people typically use savings accounts to set money aside for goals, such as a trip or a down payment on a house. Your savings will grow faster with one of these accounts. Read more in our article about savings accounts.
Top Checking Accounts: If you’re more interested in checking accounts, these banks offer perks, such as interest or ATM fee reimbursements. And, crucially, they have large ATM networks and don’t charge monthly fees. Since checking accounts hold most people’s daily spending money, they should be easy to access and cheap to maintain. Read more in our article about checking accounts.
+ See a summary of NerdWallet's best banks and credit unionsBest banks and credit unions:
- Best overall, best for customer service: Ally Bank
- Best overall, best for cash-back rewards: Discover Bank
- Best overall, best for ATM availability: Alliant Credit Union
- Best for savings, 2.20% APY: HSBC
- Best for savings, 2.00% APY: Marcus by Goldman Sachs
- Best for savings, 2.00% APY: Barclays
- Best for checking, flexible overdraft options: Capital One 360
- Best for checking, interest, worldwide ATM reimbursements: Charles Schwab Bank
Top Overall Banks
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at Discover,
Member, FDIC
Discover Bank
- Over 60,000 free ATMs, cash-back rewards
- 2.00% savings APY
- Read more in our Discover review
Read Review
Ally Bank
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- Over 43,000 ATMs, strong customer service
- 1.90% savings APY
- Read more in our Ally review
Read Review
Alliant Credit Union
- Over 80,000 free ATMs, interest checking available
- 2.10% savings APY
- Read more in our Alliant review
» Looking for more excellent savings options? Browse our best savings accounts
Top Checking Accounts
Read Review
Capital One 360
- Flexible overdraft options, APYs starting at 0.20%
- Read more in our Capital One 360 review
Read Review
Charles Schwab Bank
- Unlimited ATM reimbursements worldwide, 0.31% APY
- Read more in our Charles Schwab review
» For more checking options, take a look at our best checking accounts
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