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(image: https://freestocks.org/fs/wp-content/uploads/2020/09/french_bulldog_lying_in_the_sun_on_a_hot_day-1024x683.jpg)The Best Credit Unions and Banks
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Best Banks and Credit Unions
We have compiled a list of the top credit unions and banks that can help you manage and increase your money optimally.
by Ruth Sarreal Content Management Specialist bank accounts, bank account bonuses Ruth Sarreal is a content manager who covers the topics of banking for consumers at NerdWallet. She has more than 10 years of experience in creating and editing content for consumer websites. She was previously editor of articles on personal finance topics for GOBankingRates. Her work has been featured by Nasdaq, MSN, TheStreet and Yahoo Finance.
Updated 17 Mar 2023
Editor: Yuliya Goldshteyn, Assistant Assigning Banking Yuliya Goldshteyn works as a banking editor with NerdWallet. She was previously an editor, a writer and a research analyst in a variety of industries, from medical care as well as market research. She graduated with a bachelor's degree in the field of history at the University of California, Berkeley and a master's in social sciences from the University of Chicago, with a focus on Soviet culture and history. She is based at Portland, Oregon.
The majority or all of the items featured on this page are provided by our partners, who pay us. This impacts the types of products we feature as well as the place and way the product appears on the page. But, it doesn't influence our evaluations. Our opinions are entirely our own. Here's a list and .
The most suitable institution or bank will depend on what you're the market for such as a savings account, a checking account or both. Whatever you're searching for, NerdWallet has it covered.
This is a summary of the most reputable institutions and accounts from 2023. The APYs listed are current as of March 17 2023. The other information is up-to-date as of Jan. 13th 2023.
Check out a synopsis of NerdWallet's best credit unions and banks of 2023
Best-of-2023 Bank Winners:
Alliant Credit Union: Best credit union.
Ally Bank: Best bank; best money market account.
Capital One 360: Best online banking experience.
Charles Schwab Bank: Best bank or credit union for ATM access.
Chase: Great for signing-up bonuses as well as Branch access (tie).
Discover Bank: Best savings account.
SoFi: The best savings and checking combo Best checking account overall; top checking account for high interest; the most beneficial checking account that doesn't charge a monthly fees; the top checking account for to avoid overdraft charges.
Synchrony Bank: Best bank or credit union for CDs.
Wells Fargo Bank: Best bank or credit union to get branches with branch accessibility (tie).
Other excellent accounts:
Axos Bank: Perfect to check interest on checks the amount of $50,000.
Connexus Credit Union: Great for interest-checking up to $25,000.
LendingClub Bank: Best for cash back.
Marcus from Goldman Sachs: Best for immediate, high-limit transfers.
Quontic Bank: Most domestic ATMs.
Best banks and credit unions
NerdWallet has spent nearly 200 hours in comparing and rating nearly 80 financial institutions, including banks, neobanks , and credit unions, to pick winners across more than ten categories. Find out more about the accounts and institutions that took top honors this year.
Alliant Credit Union: Best credit union
More than 80,000 free ATMs; interest checking available.
2.70% APR on savings.
Find out more about us in our .
Ally Bank: Best bank and the most reliable money market account
No fees for overdrafts as well as over 43,000 ATMs
3.75% APY on savings and 3.80 percent 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 are free offer tools, such as virtual help and card number virtualization teens can check their accounts.
3.40 percent savings APY.
Read more in our .
Charles Schwab: Best for ATM access
Unlimited worldwide ATM cost reimbursements.
0.45% checking APY.
Read more in our .
Chase: Great for signing-up bonuses and for branch access (tie)
No minimum direct deposit required to earn cash bonuses for new checking account.
Over 4,700 branch locations in 49 states.
Read more in our .
Discover Bank The best savings account
No monthly charges and 3.60 percent APR.
Learn more in our .
SoFi: Great for savings and checking High interest checking, overdraft fee avoidance and more
Up to 4.00 percent APY on savings balances. Up to 1.20% APY for checking balances (APY is variable and subject to change).
No fees for overdrafts and no charge for coverage of overdrafts.
Learn more in our .
Synchrony Bank: Great for CDs
Very competitive CD rates.
Bump-up CDs and 11-month no-penalty CDs are also available.
Read more in our .
Wells Fargo Bank: Best branch access (tie)
About 4,700 branches across the nation.
Learn more about our .
Another great account of 2023
You may also want to consider opening an account for savings or a checking account at one of the institutions listed below. The savings accounts provide APYs much higher than the national average of 0.37% and checking accounts have perks like interest on checking balances or reimbursement of ATM fees. (Read further about the different type of bank account by reading our article on and .)
Axos Bank: Excellent for interest checking on up to $50,000
The rate can be as high as 3.30% APY for the checking of balances to $50,000.
Unlimited ATM fee reimbursements.
Find out more about us in our .
Connexus Credit Union: Great for checking the interest rate for up to $25,000
The possibility of 1.75% APY on checking balances up to $25,000.
More than 67,000 ATMs are fee-free.
Learn more in our .
Savings Cash Management CD Checking Money Market
Member FDIC
SoFi Savings and Checking
The APY is 4.00 Per cent SoFi Members with direct deposit are eligible to receive up 4.00 per cent annually-percentage yield (APY) on savings balances (including Vaults) and 1.20% APY on checking balances. There is no minimum direct deposit amount required to qualify for the 4.00 percent APY on savings. Members without direct deposit will earn 1.20 percent APY on all account balances in checking and savings (including vaults). Rates of interest are subject to change and may 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 for APY $0
Member FDIC
Marcus is a product of Goldman Sachs Online Savings Account
APY 3.75 percentage 3.75% APR (annual percent yield) with $0 minimum balance to earn the stated APY. Accounts must be in an active balance in order to remain open. APY current as of 02/14/2023.
Min. balance for APY $0
Member FDIC
CIT Bank Platinum Savings
APY 4.75 percent
Min. balance for APY $5,000
The cash accounts offer features and services that are similar to savings, checking and/or investment accounts in one account. The cash management account is typically offered by non-bank financial establishments.
The cash accounts offer features and services similar to savings, checking and/or investment accounts in one package. The cash management account is usually provided by non-bank financial institutions.
on Wealthfront's site
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 Percentage of annual percentage yield (variable) is as of 03/27/2023.
Min. balance to APY $0
CDs (certificates of deposit) are a kind of savings account that has an interest rate fixed and a term generally, they offer higher rates of interest than standard savings accounts.
CDs (certificates of deposit) are a form of savings account with a fixed rate and term generally, they offer higher rates of interest than regular savings accounts.
Member FDIC
Marcus by Goldman Sachs High-Yield 10-Month CD
APY 5.05% 5.05% APY (annual percent yield) as of 03/28/2023. Special Offer Expires 09/15/2023.
Term 10 months
The CIT Bank no-penalty CD
APY 4.80 percent
The term is 11 months
Checking accounts can be used to deposit cash on a daily basis and for withdrawals.
Checking accounts can be used to make daily cash deposits as well as withdrawals.
The deposits are FDIC Insured
Current Account
APY N/A
Monthly fee $0
Chime Checking Account
APY N/A
Monthly fee of $0
Member FDIC
Axos Bank(r) Rewards Checking
APY 3.30% The annual percentage yield could be as high as 3.30 percent according to the following rate rewards: direct deposits (not including inter-bank transfers from an account) that total more than $1500 every month earn 0.40 percent. A direct deposit that is eligible for a qualifying amount is required to satisfy the remaining interest rate requirements to apply. Ten (10) points of sale transactions each month, using your Rewards Checking Visa(r) Debit Card to make normal everyday purchases with at least $3 for each transaction, or by enrolling in Account Aggregation/Personal Finance Manager (PFM) will earn 0.30 percent. Maintaining the average of at least $2,500 per month in an Axos Self-Directed Trading Invest account earns 1.00%. Maintaining an average daily balance of $2,500 a month within an Axos managed Portfolio Invest account will earn 1.00 percent. Likewise, making a monthly payment for an existing Axos Bank consumer loan (commercial or business loans excluded) by transfer from your Rewards Checking account can earn up to 0.60%.
Monthly fee: $0
Money market accounts pay rates similar to savings accounts. They also have 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 and back
Unlimited cash back of 1% when you purchase debit cards if you meet a minimum monthly amount or direct deposit requirements.
Unlimited worldwide ATM fee reimbursements.
Learn more in our .
Return to the top
Marcus from Goldman Sachs: Best for same-day, high-limit transfers
Online transfers on the same day with a maximum of $125,000.
3.75% annual percentage yield (annual percent yield) with $0 minimum balance to earn the APY stated. Accounts must have an open balance to stay open. APY is valid until 02/14/2023.
Find out more about us in our .
Quontic Bank: Most domestic ATMs
More than 90,000.00 ATMs that are in-network.
1.10 percent APY on checks in the event that you meet minimum debit card spending requirements.
Read more in our .
Are you looking for more excellent options? Check out our top picks and
Did you have something else in your mind? If so, you should check out these articles:
Find the top account for savings or money market.
Back to top
Compare the best CD accounts
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Find the top checking accounts
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Compare the best bank, credit unions,, and cash management accounts
Back to top
Check out the best bank accounts for students and kids
Summary of the best institutions, including credit unions and banks from 2023
Financial institution
Best to use for ...
NerdWallet's ratings are determined by the editorial staff. The scoring formulas consider multiple data points for each financial product and service.
Best credit union in general.
The NerdWallet ratings are made by the editorial staff. The scoring formulas consider many data points for each financial product and service.
Best bank overall.
Best Money Market Account.
NerdWallet's ratings are determined by the editorial staff. The scoring formulas consider many data points for every financial product or service.
Best bank experience online.
NerdWallet's ratings are determined by the editorial staff. The scoring formulas consider multiple data points for each financial product and service.
Best credit union or bank for ATM access.
NerdWallet's ratings are determined through our team of editors. The scoring formulas take into account many data points for each financial product and service.
Best credit union or bank for sign-up incentives.
The best credit union or bank for branch access (tie).
NerdWallet's ratings are determined through our team of editors. The scoring formulas take into account several data points associated with each financial product and service.
The most efficient savings account.
NerdWallet's ratings are determined by our editorial team. The scoring formulas are based on multiple data points for every financial product or service.
The most efficient savings and checking account combination.
Best checking account overall.
Best checking account for high-interest.
The best checking account that does not charge a monthly cost.
Best checking account to avoid overdraft fees.
The ratings of NerdWallet are formulated by the editorial staff. The scoring formulas take into account several data points associated with every financial product or service.
Best bank or credit union for CDs.
The NerdWallet ratings are made through our team of editors. The scoring formulas consider multiple data points for every financial product or service.
Best bank or credit union for branch access (tie).
Some other great stories from 2023
The NerdWallet ratings are made by our editorial team. The scoring formulas consider several data points associated with each financial service and product.
Excellent for interest-checking on up to $50,000.
NerdWallet's ratings are made by the editorial staff. The scoring formulas are based on several data points associated with each financial product and service.
Ideal for checking interest on the amount of $25,000 or more.
NerdWallet's ratings are made by our editorial team. The scoring formulas consider several data points associated with each financial product and service.
The best option for cash back.
The ratings of NerdWallet are formulated by our editorial team. The scoring formulas consider several data points associated with each financial service and product.
Best for same-day, high-limit transfer.
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for every financial product or service.
The majority of ATMs in the United States.
Are you trying to find the most powerful banks in the country?
We took a closer look at more than 80 financial institutions and financial service companies, which include the most significant U.S. banks based on the amount of assets, web search traffic and other factors and the largest credit unions, based on the number of members and assets; as well as other noteworthy and/or new players in the industry. We assessed them based on a variety of criteria including annual percentage yields as well as minimum balances as well as fees, digital experience and other factors.
The survey of providers and financial institutions are: , , , , , and (, ) , the , , , (, ) , , , , Liberty Bank, , , (by Axos), and (by Axos) Scarlet , , , , the as well as , and .
Author bio Ruth Sarreal is a content management specialist at NerdWallet. She has been writing and editing articles on personal financial topics for over five years.
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