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Best Credit Unions and banks
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Best Credit Unions and banks
We have compiled a list of the best banks and credit unions to help you manage and grow your funds more efficiently.
Written by Ruth Sarreal Content Management Specialist bank accounts, bank account bonuses Ruth Sarreal is a content management specialist covering subjects related to banking for consumers on NerdWallet. She has over 10 years of experience writing and editing for consumer websites. She has previously edited content on personal finance topics for GOBankingRates. Her work has been featured by Nasdaq, MSN, TheStreet and Yahoo Finance.
Updated 17 March 2023
Edited by Yuliya Goldshteyn, Assistant Assigning Banking Yuliya Goldshteyn is a banking editor with NerdWallet. She has previously worked as an editor, writer and a research analyst in industries ranging from healthcare as well as market research. She earned a bachelor's degree in the field of history at the University of California, Berkeley and a master's degree of social science from the University of Chicago, with a focus on Soviet culture and history. She is located in Portland, Oregon.
Many or all of the products featured here are from our partners who compensate us. This affects the products we review and the location and manner in which the product is displayed on the page. But, it doesn't affect our assessments. Our opinions are entirely our own. Here's a list and .
The ideal bank or credit union is based on what you're in looking for whether it's a savings or an account for checking or both. Whatever you're searching for, NerdWallet has it covered.
Here is an overview of the most reputable institutions and accounts from 2023. The APYs listed are up to date on March 17 2023. The other information is up-to-date at the time of Jan. 13, 2023.
Read the summary of NerdWallet's top-rated credit unions and banks in 2023
Best-of-2023 Bank Winners:
Alliant Credit Union: Best credit union.
Ally Bank: Best bank; best Money market accounts.
Capital One 360: Best online banking experience.
Charles Schwab Bank: Best credit union or bank for ATM access.
Chase: Great for signing-up bonus offers and Branch acces (tie).
Discover Bank: Best savings account.
SoFi: Best checking and savings combo; best checking account in general; the top checking account for high interest; best checking account with no monthly fees; the best checking account for the prevention of overdraft fees.
Synchrony Bank: Best bank or credit Union for CDs.
Wells Fargo Bank: Best bank or credit union for branch access (tie).
Other great accounts :
Axos Bank: Great for interest-checking up to $50,000.
Connexus Credit Union: Great for checking interest on as much as $25,000.
LendingClub Bank: Best for cash back.
Marcus by Goldman Sachs: Best for same-day, high-limit transfers.
Quontic Bank: Most domestic ATMs.
Best credit unions and banks
NerdWallet has spent more than 200 hours comparing and rating over 80 financial institutions including banks, neobanks , and credit unions, to pick 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 are free; interest checking available.
2.70% APR on savings.
Find out more about us in our .
Ally Bank: Best bank and the best money market account
There are no overdraft charges and more than 43,000 ATMs
3.75% APY on savings and 3.80% APY for all balances within the cash market accounts.
Read more in our .
Capital One 360: Best online banking experience
More than 70,000 free ATMs provide tools like virtual assistance and virtual card numbers; teen checking available.
3.40% savings APY.
Read more in our .
Charles Schwab: Best for ATM access
Unlimited all-inclusive worldwide ATM cost reimbursements.
0.45% checking APY.
Learn more about our .
Chase: Best for sign-up bonuses and for branches access (tie)
No minimum direct deposit requirement to earn cash bonuses for the opening of a new checking account.
More than 4,700 branches across 49 states.
Find out more about us in our .
Discover Bank The best savings account
There are no monthly fees and 3.60% APY.
Find out more about us in our .
SoFi: Best for savings and checking, high interest checking, Overdraft fee reduction, and much more.
up to 4.00% APY on savings balances. Up to 1.20% APY on the balances of checking accounts (APY is variable and subject to changes).
No fees for overdrafts and no fee for overdraft coverage.
Learn more in our .
Synchrony Bank: Ideal for CDs
Very competitive CD rates.
Bump-up CDs, and a no-penalty 11-month CD available.
Read more in our .
Wells Fargo Bank: Best branch access (tie)
Around 4,700 branches spread across the country.
Find out more about us in our .
Some other great stories from 2023
You may also want to consider opening a savings or checking account at one of the banks listed below. The savings accounts provide APRs that are much greater than the average national rate of 0.37 percent, and the checking accounts have benefits like interest on the balance of your checking account or ATM fee reimbursements. (Read details about every kind of account in our article on and .)
Axos Bank: Great for interest-checking up to $50,000
The rate can be as high as 3.30% APY when the checking of balances to $50,000.
Unlimited ATM fee reimbursements.
Learn more in our .
Connexus Credit Union: Great for checking the interest rate for up to $25,000
up to 1.75% APY on checking balances as high as $25,000.
More than 67,000 ATMs that are fee-free.
Read more in our .
Savings Cash Management CD Checking Money Market
Member FDIC
SoFi Checking and Savings
The APY is 4.00% SoFi members with direct deposit are eligible to receive up 4.00 per cent annual 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 percent APY on savings. Direct deposit members will receive 1.20 percent APY on all account balances , including checking and savings (including vaults). The rates of interest are variable and can change at any time. The rates listed are current as of 03/17/2023. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet
Min. balance required for APY $0
Member FDIC
Marcus from Goldman Sachs Online Savings Account
APR 3.75 percentage 3.75% Annual percentage yield (annual percent yield) with $0 minimum balance to earn the stated APY. Accounts must have an active balance in order to remain open. APY valid as of 02/14/2023.
Min. balance required for APY $0
Member FDIC
CIT Bank Platinum Savings
APY 4.75 percent
Min. balance for APY $5,000
These cash accounts combine features and services similar to checking, savings and/or investment accounts into one account. Cash management accounts are generally provided by non-bank financial institutions.
The cash accounts offer features and services that are similar to savings, checking and/or investment accounts in one product. These accounts for managing cash are usually offered by non-bank financial institutions.
on the Wealthfront website.
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 percent yield (variable) is at 03/27/2023.
Min. balance required for APY $0
CDs (certificates of deposit) are a kind of savings account that comes with an interest rate fixed and a term generally, they offer higher interest rates than regular savings accounts.
CDs (certificates of deposit) are a kind of savings account that has a fixed rate and term generally, they offer higher interest rates than traditional savings accounts.
Member FDIC
Marcus is a Goldman Sachs High-Yield 10-Month CD
APY 5.05 percent 5.05 5 % APY (annual percentage yield) as of 03/28/2023. Special Offer Ends 09/15/2023.
Ten months of term
The CIT Bank no-penalty CD
APY 4.80%
The term is 11 months
Checking accounts can be used for cash deposits on a regular basis as well as withdrawals.
Checking accounts are used for day-to-day cash deposits and withdrawals.
They are FDIC Insured
Current Account
APY N/A
Monthly fee $0
Chime Checking Account
APY N/A
Monthly fee: $0
Member FDIC
Axos Bank(r) Rewards Checking
APY 3.30 percent Your annual percentage yield may be as high as 3.30% depending on the following combination rate of rewards: direct deposits (not including transfers between banks from another account) with a total of $1,500 or more each month will earn 0.40%. A direct deposit that is eligible for a qualifying amount is required to fulfill to meet the other interest rate requirements to apply. Ten (10) transactions at the point of sale each month with your Rewards Checking Visa(r) Debit Card for ordinary purchases that have at least $3 for each transaction, or enrolling in Account Aggregation/Personal Finance Manager (PFM) will earn 0.30 percent; and maintaining the average of at least $2,500 per month in your Axos self-directed trading Invest account will earn 1.00%; maintaining the average balance per day of $2,500 a month on An Axos Managed Portfolio Invest account will earn 1.00 percent; and making a monthly payment to an open Axos bank consumer loan (commercial as well as business loans exempted) by transfers from the rewards checking account can earn up to 0.60 percent.
Monthly fee $0
Money market accounts pay rates that are similar to savings accounts. They also have some features for checking.
Money market accounts pay rates similar to savings accounts and have certain features for checking.
Member FDIC
The Discover Bank Money Market Account
APY 3.50 percent
Min. balance to APY $1
LendingClub Bank: Best for cash back
Unlimited cash-back of 1% for debit card transactions if you meet an annual minimum account balance, or direct deposit minimum.
Unlimited all-inclusive worldwide ATM fee reimbursements.
Find out more about us in our .
From top to bottom
Marcus from Goldman Sachs: Best for the same-day, high-limit transfer
Same-day external transfers online with a maximum of $125,000.
3.75% APR (annual percentage yield) with a minimum balance of $0 to earn stated APY. Accounts must be in a positive balance to remain open. APY valid as of 02/14/2023.
Read more in our .
Quontic Bank: Most domestic ATMs
More than 90,000 ATMs in-network.
1.10% APY on your checking when you meet the minimum debit card spending requirements.
Read more in our .
Looking for other excellent alternatives? Check out our top picks and
Do you have something more specific in mind? If so, you should check out these articles:
Compare the best cash-back and savings accounts
From top to bottom
Compare the top CD accounts
From top to bottom
Check out the top checking accounts
From top to bottom
Find the top banks, credit unions and cash management accounts
Return to the top
Find the top accounts for bank accounts for kids and students.
A summary of the top banks and credit unions in 2023
Financial institution
Ideal for ...
The ratings of NerdWallet are formulated by our editorial team. The scoring formulas consider multiple data points for each financial product and service.
Best credit union overall.
The NerdWallet ratings are made by the editorial staff. The scoring formulas take into account several data points associated with each financial product and service.
Best bank overall.
The best money market account.
The NerdWallet ratings are made by the editorial staff. The scoring formulas are based on multiple data points for each financial service and product.
The best online banking experience.
The NerdWallet ratings are made by our editorial team. The scoring formulas are based on multiple data points for every financial product or service.
The best credit union or bank with ATM access.
The ratings of NerdWallet are formulated through our team of editors. The scoring formulas consider several data points associated with every financial product or service.
The best credit union or bank for signing-up bonus.
The best credit union or bank for branch access (tie).
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 savings account.
NerdWallet's ratings are determined through our team of editors. The scoring formulas take into account several data points associated with every financial product or service.
The most efficient savings and checking account combo.
Best checking account overall.
The best checking account to earn high interest.
Best checking account for checking with no monthly cost.
The best checking account for overdraft fee avoidance.
The ratings of NerdWallet are formulated by the editorial staff. The scoring formulas take into account multiple data points for every financial product or service.
Best bank or credit union for CDs.
The ratings of NerdWallet are formulated through our team of editors. The scoring formulas are based on many data points for each financial product and service.
Best bank or credit union to access branch locations (tie).
Some other great stories from 2023
The NerdWallet ratings are made through our team of editors. The scoring formulas are based on many data points for each financial service and product.
Excellent for interest-checking for up to $50,000.
NerdWallet's ratings are determined through our team of editors. The scoring formulas are based on several data points associated with each financial product and service.
Excellent for interest-checking for the amount of $25,000 or more.
The ratings of NerdWallet are formulated through the editorial staff. The scoring formulas are based on several data points associated with each financial product and service.
Best option for cash back.
NerdWallet's ratings are determined by the editorial staff. The scoring formulas take into account multiple data points for every financial product or service.
Best for same-day, high-limit transfers that are available on the same day.
NerdWallet's ratings are made by our editorial team. The scoring formulas take into account several data points associated with each financial product and service.
The majority of ATMs in the United States.
>> Looking for the biggest banks in the country?
We looked closely at over 80 financial institutions as well as financial service providers, including the biggest U.S. banks based on the amount of assets, web search traffic, and more as well as the country's top credit unions in terms of the number of members and assets; as well as other notable and/or emerging players in the field. We assessed them based on a variety of the basis of annual percentage yields as well as minimum balances, fees, digital experience and more.
The survey of providers and financial institutions are: ( ) , the the (, ) , and (, ) , , , , Liberty Bank, , , (by Axos), , , , , (by Axos) Scarlet , , , , , , , as well as , and .
About the author: 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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