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Best Banks and Credit Unions
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The Best Credit Unions and Banks
We have compiled a list of the best credit unions and banks which can assist you in managing and increase your money effectively.
By Ruth Sarreal Content Management Specialist bank accounts, bank account bonuses Ruth Sarreal is a content management specialist covering consumer banking topics at NerdWallet. She has more than a decade of experience writing and editing for consumer websites. She was previously editor of articles on personal finance topics at GOBankingRates. Her work has been featured by Nasdaq, MSN, TheStreet and Yahoo Finance.
Updated 17 March 2023
Edited by Yuliya Goldshteyn Assistant Banking Yuliya Goldshteyn is a banking editor for NerdWallet. She has previously worked as an editor, writer and a research analyst across a range of industries from healthcare as well as market research. She graduated with a bachelor's degree in history from the University of California, Berkeley and a master's degree of social science from the University of Chicago, with the focus on Soviet culture and history. She lives in Portland, Oregon.
A majority of the products featured here are provided by our partners who compensate us. This influences which products we feature and where and how the product is featured on the page. However, this does not affect our assessments. Our opinions are entirely our own. Here is a list of and .
The best institution or bank will depend on what you're the market for whether it's a savings or a checking account or both. Whatever you're searching for, NerdWallet will have you covered.
Here's a look at the most reputable institutions and accounts of 2023. APYs shown are current at the time of March 17, 2023. All other information is accurate at the time of Jan. 13 2023.
+ See a summary of NerdWallet's top-rated credit unions and banks of 2023
Best-of-2023 Banking Winners:
Alliant Credit Union: Best credit union.
Ally Bank: Best bank and the most reliable Money market accounts.
Capital One 360: Best online banking experience.
Charles Schwab Bank: Best bank or credit union to get ATM access.
Chase: Excellent for signing up bonus offers and branches acces (tie).
Discover Bank: Best savings account.
SoFi: The best savings and checking account the best checking account for all; top checking account for high-interest; the best checking account that has no monthly cost; top checking account for to avoid overdraft charges.
Synchrony Bank: Best bank or credit union to purchase CDs.
Wells Fargo Bank: Best bank or credit union for branch access (tie).
Other great accounts:
Axos Bank: Great for interest checking on the amount of $50,000.
Connexus Credit Union: Great for checking interest on the amount of $25,000 or more.
LendingClub Bank: Best for cash back.
Marcus from Goldman Sachs: Best for immediate, high-limit transfers.
Quontic Bank: Most domestic ATMs.
The best credit unions and banks
NerdWallet has spent more than 200 hours comparing and grading more than 80 financial institutions, including banks, neobanks and credit unions, in order to select winners across more than ten categories. Find out more about the institutions and accounts that were awarded the top spot this year.
Alliant Credit Union: Best credit union
More than 80,000 ATMs for free and interest checking options.
2.70% APR on savings.
Read more in our .
Ally Bank: Best bank and the most reliable money market account
No overdraft fees as well as more than 43,000 ATMs
3.75% APY on savings and 3.80% APY on all balances in the money market account.
Learn more about our .
Capital One 360: Best online banking experience
More than 70,000 ATMs for free provide tools like Virtual assistance as well as virtual numbers teens can check their accounts.
3.40 Savings APY of 3.
Find out more about us in our .
Charles Schwab: Best for ATM access
Unlimited all-inclusive worldwide ATM cost reimbursements.
0.45% checking APY.
Learn more about our .
Chase: Great for signing-up bonuses as well as branch access (tie)
No minimum direct deposit required to receive cash bonus on the opening of a new checking account.
More than 4,700 branches spread across 49 states.
Learn more about our .
Discover Bank: Best savings account
No monthly charges and 3.60 percent APY.
Find out more about us in our .
SoFi: Great for savings and checking and high interest checking Overdraft fee reduction, and much more.
Up to 4.00% APY for savings balances and up to 1.20% APY on the balances of checking accounts (APY is variable and subject to changes).
There are no overdraft charges and there is no cost for coverage for overdrafts.
Read more in our .
Synchrony Bank: Great for CDs
Highly affordable CD rates.
Bump-up CDs and 11-month no-penalty CDs are also available.
Find out more about us in our .
Wells Fargo Bank: Best for branch access (tie)
About 4,700 branches throughout the United States.
Find out more about us in our .
Some other great stories from 2023
You may also want to consider opening an account for savings or a checking account with one of the banks listed below. The savings accounts offer rates that are higher than the national average of 0.37% and checking accounts offer perks like interest on the balance of your checking account or ATM fee reimbursements. (Read further about the different kind of bank account by reading our articles regarding and .)
Axos Bank: Great for interest checking up to $50,000
up to 3.30% APY on the checking of balances to $50,000.
Unlimited ATM fee reimbursements.
Learn more in our .
Connexus Credit Union: Great for checking the interest rate of up to $25,000
Up to 1.75% APY on checking balances that exceed $25,000.
More than 67,000 fee-free ATMs.
Learn more in our .
Saves CD Management Checking Money Market
Member FDIC
SoFi Checking and Savings
The APY is 4.00% SoFi members who make direct deposit are eligible to earn up to 4.00 percent annually-percentage yield (APY) on savings balances (including Vaults) and 1.20 percent APY on their checking balances. No minimum direct deposit amount needed to earn the 4.00% APY for savings. Direct deposit members will earn 1.20 percent APY on their total account balances , including checking and savings (including Vaults). Rates of interest are subject to change and subject to change at any point. These rates were last updated on 03/17/2023. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet
Min. balance to APY $0
Member FDIC
Marcus from Goldman Sachs Online Savings Account
APR 3.75% 3.75% APR (annual per cent yield) with $0 minimum balance to earn stated APY. Accounts must be in an active balance in order to remain open. APY is valid until 02/14/2023.
Min. balance required for APY $0
Member FDIC
CIT Bank Platinum Savings
APY 4.75 percent
Min. balance required for APY $5,000
These cash accounts combine services and features that are similar to savings, checking and/or investment accounts in one product. The cash management account is typically offered by non-bank financial establishments.
The cash accounts offer services and features similar to checking, savings or investment accounts into one account. These accounts for managing cash are usually provided by non-bank financial institutions.
on the Wealthfront website.
The Wealthfront Cash Account
APY 4.30%
Min. balance required for APY $1
on Betterment's website
Betterment Cash Reserve - Paid non-client promotion
APY 4.20 percent Annual percentage yield (variable) is at 03/27/2023.
Min. balance to APY $0
CDs (certificates of deposit) are a kind of savings account with the option of a fixed rate and time generally, they offer higher rates of interest than regular savings accounts.
CDs (certificates of deposit) are a kind of savings account with the option of a fixed rate and time, and usually have higher rates of interest than regular savings accounts.
Member FDIC
Marcus from Goldman Sachs High-Yield 10-Month CD
APY 5.05 percent 5.05% APY (annual percentage yield) as of 03/28/2023. Special Offer Ends 09/15/2023.
Ten months of term
CIT Bank No-Penalty CD
APY 4.80%
Term : 11 months
Checking accounts are used for cash deposits on a regular basis as well as withdrawals.
Checking accounts are utilized to deposit cash on a daily basis and for withdrawals.
The deposits are FDIC Insured
Current Account
APY N/A
Monthly fee: $0
Chime Checking Account
APR N/A
Monthly fee of $0
Member FDIC
Axos Bank(r) Rewards Checking
APY 3.30 percent The annual percentage yield could be as high as 3.30% according to the following rate rewards Direct deposits (not including transfers between banks from an account) totaling $1,500 or more each month will earn 0.40 percent. A qualifying direct deposit is required to satisfy the remaining interest rate requirements to be eligible. Ten (10) transactions at the point of sale each month with the Rewards Checking Visa(r) debit card to make normal everyday purchases with minimum $3 per transaction, or enrolling in Account Aggregation/Personal Finance Manager (PFM) will earn 0.30 percent; and maintaining your average balance per day of at least $2,500 within an Axos self-directed trading Invest account will earn 1.00 percent; and maintaining an average daily balance of at least $2,500 on An Axos managed Portfolio Invest account will earn 1.00%; and making a monthly payment for an existing Axos Bank consumer loan (commercial as well as business loans excluded) by transfer from your Rewards Checking account can earn the maximum amount of 0.60%.
Monthly fee $0
The money market accounts have rates similar to savings accounts, and come with some checking features.
Market accounts for money pay interest rates that are similar to savings accounts, and come with certain features for checking.
Member FDIC
The Discover Bank Money Market Account
APY 3.50 percent
Min. balance required for APY $1
LendingClub Bank: Best for cash back
Unlimited cash-back of 1% when you purchase debit cards if you meet the minimum monthly account balance, or direct deposit requirements.
Unlimited worldwide ATM cost reimbursements.
Learn more in our .
Return to the top
Marcus is a product of Goldman Sachs: Best for the same-day, high-limit transfer
Same-day external transfers online with a maximum of $125,000.
3.75% APY (annual percent yield) with $0 minimum balance to earn the stated APY. Accounts must be in a positive balance to remain open. APY is valid until 02/14/2023.
Find out more about us in our .
Quontic Bank: Most domestic ATMs
More than 90,000 ATMs in-network.
1.10% APY on your checking in the event that you meet minimum expenditure requirements for debit cards.
Read more in our .
Looking for other great alternatives? Explore our selections of and
Do you have some other idea in particular? If so, take a look at these articles:
Compare the best cash-back and savings accounts
Back to top
Compare the best CD accounts
Return to the top
Compare the best checking accounts
From top to bottom
Find the top institutions, banks and credit unions, and cash management accounts
Return to the top
Check out the best accounts for bank accounts for students and kids
A list of the top institutions, including credit unions and banks in 2023
Financial institution
Ideal option for ...
NerdWallet's ratings are determined by the editorial staff. The scoring formulas are based on many data points for every financial service and product.
The best credit union in general.
The NerdWallet ratings are made by our editorial team. The scoring formulas are based on several data points associated with each financial product and service.
The best bank overall.
The best money market account.
NerdWallet's ratings are determined by our editorial team. The scoring formulas consider several data points associated with every financial product or service.
The best online banking experience.
The ratings of NerdWallet are formulated through our team of editors. The scoring formulas are based on many data points for every financial service and product.
Best bank or credit union to use for ATM access.
The ratings of NerdWallet are formulated by the editorial staff. The scoring formulas are based on many data points for every financial product or service.
The best credit union or bank to get sign-up bonuses.
The best credit union or bank to access branch locations (tie).
NerdWallet's ratings are determined through our team of editors. The scoring formulas are based on multiple data points for each financial service and product.
Best savings account.
NerdWallet's ratings are determined by our editorial team. The scoring formulas consider many data points for each financial service and product.
The best savings and checking combination.
The best checking account overall.
Best checking account for high-interest.
Best checking account with no monthly cost.
Best checking account for overdraft fee avoidance.
NerdWallet's ratings are made by our editorial team. The scoring formulas are based on several data points associated with every financial product or service.
The best credit union or bank for CDs.
NerdWallet's ratings are determined through our team of editors. The scoring formulas take into account multiple data points for each financial service and product.
The best credit union or bank for branch access (tie).
Other great accounts of 2023
The NerdWallet ratings are made by the editorial staff. The scoring formulas are based on multiple data points for each financial service and product.
Ideal for checking interest for up to $50,000.
The ratings of NerdWallet are formulated by the editorial staff. The scoring formulas consider multiple data points for each financial product and service.
Excellent for interest-checking of as much as $25,000.
NerdWallet's ratings are determined through our team of editors. The scoring formulas take into account multiple data points for each financial service and product.
Best for cash back.
NerdWallet's ratings are made by the editorial staff. The scoring formulas take into account several data points associated with each financial product and service.
The best option for high-limit and same-day transfer.
NerdWallet's ratings are made by the editorial staff. The scoring formulas consider multiple data points for each financial product and service.
The majority of ATMs in the United States.
Are you looking for the biggest banks in the country?
We took a closer look at more than 80 financial institutions and service companies, which include the biggest U.S. banks based on assets, internet traffic, and more; the nation's largest credit unions by membership and assets; and other prominent and/or emerging players in the field. We evaluated them based on the basis of annual percentage yields and minimum balances, charges, digital experience, and other factors.
The survey of providers and financial institutions are: the following are and , , , , the (, ) , the the , Liberty Bank, , , (by Axos), and (by Axos) Scarlet , . and as well as and .
The author's bio: Ruth Sarreal is a content management specialist at NerdWallet. She has been writing and editing articles on personal financial issues for more than five years.
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