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Best Credit Unions and banks
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The Best Credit Unions and Banks
See our lists of the best banks and credit unions which can assist you in managing and grow your funds more effectively.
by Ruth Sarreal Content Management Specialist Banking accounts and bank account bonuses Ruth Sarreal is a content manager who covers the topics of banking for consumers at NerdWallet. She has over 10 years of experience in writing and editing content for consumer websites. She previously edited articles on personal finance topics for GOBankingRates. The work she has written for her was highlighted in Nasdaq, MSN, TheStreet and Yahoo Finance.
Updated Mar 17, 2023
Edited by Yuliya Goldshteyn, Assistant Assigning Bank Yuliya Goldshteyn is a banking editor at NerdWallet. She was previously an editor, researcher and writer in industries ranging from health care as well as market research. She earned a bachelor's degree in history from the University of California, Berkeley and a master's of social science from the University of Chicago, with a focus on Soviet cultural history. She is based in Portland, Oregon.
Many or all of the products featured here come from our partners who pay us. This influences which products we review as well as the place and way the product is displayed on the page. But, it doesn't affect our opinions. Our opinions are entirely our own. Here is a list of and .
The ideal bank or credit union is based on what you're in looking for such as a savings account, an account for checking or both. Whatever you're looking for, NerdWallet will have you covered.
This is a summary of the most reputable institutions and accounts from 2023. APYs shown are up to date on March 17, 2023. All other information is current as of Jan. 13th, 2023.
+ See a summary of NerdWallet's top credit unions and banks in 2023.
Best-of 2023 Banking Winners:
Alliant Credit Union: Best credit union.
Ally Bank: Best bank with the best cash market bank account.
Capital One 360: Best online banking experience.
Charles Schwab Bank: Best bank or credit union for ATM access.
Chase: Best for sign-up bonuses as well as branches access (tie).
Discover Bank: Best savings account.
SoFi: Best savings and checking combo; best checking account in general; the best checking account for high interest; best checking account that has no monthly fees; the best checking account to avoid to avoid overdraft charges.
Synchrony Bank: Best bank or credit union for CDs.
Wells Fargo Bank: Best bank or credit union to get Branch access (tie).
Other great accounts :
Axos Bank: Perfect for interest-checking as much as $50,000.
Connexus Credit Union: Great for checking interest on as much as $25,000.
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 spent over 200 hours of comparing and grading nearly 80 financial institutions, including banks, neobanks and credit unions, in order to select winners in more than 10 categories. Read on for more information about the institutions and accounts that took top honors this year.
Alliant Credit Union: Best credit union
More than 80,000 ATMs for free Interest checking is available.
2.70% APR on savings.
Find out more about us in our .
Ally Bank: Best bank and the best money market account
No overdraft fees and more than 43,000 ATMs
3.75% rate of APY on savings. 3.80% APY for all accounts within the cash market accounts.
Find out more about us in our .
Capital One 360: Best online banking experience
More than 70,000 ATMs are free provide tools like virtual help and card number virtualization; teens can check their accounts.
3.40 Savings APY of 3.
Learn more in our .
Charles Schwab: Best for ATM access
Unlimited all-inclusive worldwide ATM cost reimbursements.
0.45% checking APY.
Read more in our .
Chase: Excellent for signing up bonuses and for branch access (tie)
No minimum direct deposit requirement to earn cash bonuses for opening a new checking account.
There are more than 4700 branches spread across 49 states.
Learn more about our .
Discover Bank Best savings account
There are no monthly fees and 3.60% APR.
Read more in our .
SoFi: Great for checking and savings combo, high interest checking, the ability to avoid fees for overdrafts and more.
Up to 4.00% APY for savings balances, and up to 1.20 percent APY on checking balances (APY is subject to changes).
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 CD available.
Read more in our .
Wells Fargo Bank: Best for branch access (tie)
About 4,700 branches across the nation.
Read more in our .
Some other great stories from 2023
You may also want to consider opening an account for savings or a checking account at one of the institutions below. Savings accounts have APYs much higher than the average national rate of 0.37 percent, and checking accounts offer advantages like the possibility of earning interest on your checking balances or reimbursement of ATM fees. (Read further about the different type accounts in the articles on and .)
Axos Bank: Great for interest checking up to $50,000
Up to 3.30% APY on checking balances up to $50,000.
Unlimited ATM fee reimbursements.
Learn more in our .
Connexus Credit Union: Great for interest checking on up to $25,000
Up to 1.75 percent APY on checking balances up to $25,000.
More than 67,000 fee-free ATMs.
Find out more about us in our .
Savings Cash Management CD Checking Money Market
Member FDIC
SoFi Checking and Savings
The APY is 4.00% SoFi members who make direct deposit receive up 4.00% annual percentage yield (APY) on savings balances (including Vaults) and 1.20 percent APY on their checking balances. The minimum amount of direct deposit required to qualify for the 4.00% APY for savings. Customers who do not deposit direct deposits will receive 1.20 percent APY on all balances of their checking accounts and savings (including vaults). The rates of interest are variable and can change at any point. 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 to APY $0
Member FDIC
Marcus is a product of Goldman Sachs Online Savings Account
APY 3.75% 3.75% APR (annual per cent yield) with $0 minimum balance to earn stated APY. Accounts must have a positive balance to remain open. APY valid as of 02/14/2023.
Min. balance to APY $0
Member FDIC
CIT Bank Platinum Savings
APY 4.75%
Min. balance to APY $5,000
They combine the features and services similar to checking, savings or investment accounts into one product. The cash management account is generally provided by non-bank financial institutions.
These cash accounts combine features and services similar to checking, savings and investment accounts into one product. The cash management account is generally offered by non-bank financial institutions.
on Wealthfront's website
Cash Account at Wealthfront
APY 4.30%
Min. balance required for APY $1
on the Betterment 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 form of savings account with the option of a fixed rate and time typically, they have higher interest rates than standard savings accounts.
CDs (certificates of deposit) are a type of savings account with a fixed rate and term typically, they have higher interest rates than traditional savings accounts.
Member FDIC
Marcus by Goldman Sachs High-Yield 10-Month CD
APY 5.05 percent 5.05% APY (annual percentage yield) as of 03/28/2023. Special Offer Expires 09/15/2023.
Term 10 months
CIT Bank No-Penalty CD
APY 4.80%
The term is 11 months
Checking accounts are utilized for day-to-day cash deposits and withdrawals.
Checking accounts are utilized for day-to-day cash deposits and withdrawals.
Deposits are FDIC Insured
Current Account
APR N/A
Monthly fee of $0
Chime Checking Account
APR N/A
Monthly fee: $0
Member FDIC
Axos Bank(r) Rewards Checking
APY 3.30% The annual percentage yield could be up to 3.30 percent according to the following rate of rewards: direct deposits (not including intra-bank transfers from another account) with a total of $1,500 or more every month earn 0.40%. A direct deposit that qualifies as a direct deposit is required for any remaining rate eligibility to apply. Ten (10) transactions at the point of sale each month, using your Rewards Checking Visa(r) debit card to make normal everyday purchases with minimum $3 per transaction, or by enrolling in Account Aggregation/Personal Finance Manager (PFM) will earn 0.30 percent. Maintaining an average daily balance of at least $2,500 for an Axos Self-Directed Trading Invest account earns 1.00 percent; and maintaining an average of at least $2,500 a month on An Axos Managed Portfolio Invest account will earn 1.00%; 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 earns up to 0.60 percent.
Monthly fee of $0
Money market accounts pay rates that are similar to savings accounts, and come with certain checking features.
The money market accounts have rates similar to savings accounts and have certain checking features.
Member FDIC
The Discover Bank Money Market Account
APY 3.50%
Min. balance to 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 all-inclusive worldwide ATM fee reimbursements.
Read more in our .
Return to the top
Marcus by Goldman Sachs: Best for the same-day, high-limit transfer
Online transfers on the same day with a maximum of $125,000.
3.75% APR (annual percentage yield) with $0 minimum balance to earn the stated APY. Accounts must have an open balance to stay open. APY current as of 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 when you meet minimum debit card spending requirements.
Find out more about us in our .
>> Looking for other excellent options? Check out our top picks and
Do you have something else in your mind? If so, check out these articles:
Find the top account for savings or money market.
From top to bottom
Compare the best CD accounts
Return to the top
Compare the best checking accounts
Return to the top
Compare the best banks, credit unions, and cash management accounts
From top to bottom
Find the top bank accounts for students and kids
A summary of the top institutions, including credit unions and banks of 2023
Financial institution
Ideal for ...
The NerdWallet ratings are made by our editorial team. The scoring formulas take into account many data points for each financial product and service.
Best credit union overall.
The ratings of NerdWallet are formulated by the editorial staff. The scoring formulas take into account many data points for each financial service and product.
Best bank overall.
The best accounts for money markets.
NerdWallet's ratings are determined by the editorial staff. The scoring formulas consider multiple data points for each financial product and service.
Best bank experience online.
The ratings of NerdWallet are formulated by the editorial staff. The scoring formulas take into account many data points for each financial product and service.
Best bank or credit union for ATM access.
The ratings of NerdWallet are formulated by the editorial staff. The scoring formulas take into account many data points for every financial product or service.
Best bank or credit union for signing-up incentives.
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 each financial product and service.
The best savings account.
NerdWallet's ratings are made by the editorial staff. The scoring formulas take into account many data points for every financial product or service.
The best savings and checking combo.
The best checking account overall.
Best checking account for high-interest.
Best checking account with no monthly cost.
The best account for checking to avoid overdraft fees.
NerdWallet's ratings are made by our editorial team. The scoring formulas are based on multiple data points for each financial product and service.
Best credit union or bank for CDs.
NerdWallet's ratings are determined by our editorial team. The scoring formulas consider multiple data points for each financial service and product.
Best bank or credit union to access branch locations (tie).
Some other great stories from 2023
NerdWallet's ratings are determined by the editorial staff. The scoring formulas are based on several data points associated with every financial product or service.
Ideal for checking interest for up to $50,000.
NerdWallet's ratings are made by our editorial team. The scoring formulas consider multiple data points for each financial product and service.
Ideal for checking interest on the amount of $25,000 or more.
NerdWallet's ratings are determined through our team of editors. The scoring formulas consider many data points for each financial product and service.
Best option for cash back.
The ratings of NerdWallet are formulated by the editorial staff. The scoring formulas take into account several data points associated with each financial service and product.
Best for same-day, high-limit transfers.
NerdWallet's ratings are made by the editorial staff. The scoring formulas take into account many data points for each financial product and service.
The majority of ATMs in the United States.
Are you trying to find the most powerful banks in the country?
We took a close look at nearly 80 financial institutions and services, such as the biggest U.S. banks based on assets, internet search traffic, and other aspects and the largest credit unions in terms of assets and membership; and other noteworthy and/or new players in the field. We rated them on criteria including annual percentage yields as well as minimum balances as well as fees, digital experience and many more.
The financial institutions and providers that are surveyed are: ( ) , the , , , , the , , , , , , , (, ) , and , Liberty Bank, , , (by Axos), (by Axos) the , , Scarlet, , , , , , , , in,.. , and .
About the author: Ruth Sarreal is a content management specialist at NerdWallet. She has edited and written articles on personal finance topics for more than five years.
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