What’s the Number One Bank in America? Which Bank is the Safest in the USA? Which Banks Are Rated in Our Top Five?

So how do you choose the best financial institution?

Choosing a bank or credit union could mean that selecting the branch closest to your home or office might not provide the best set of services and rates you can find. To really hone in on the best bank or credit union for you and your needs, it pays to search completely and do your homework.

What you’re looking for is a bank or credit union that offers the whole spectrum of checking account, savings account, money market options, online banking functionality, low fees and savings account which actually return something for your money.

The Best Banks in America This Year

BanksBestRates.com collects and sifts through an enormous amount of data from banks and credit unions to present you with hard numbers to make the right choice to meet your requirements and fit for your unique circumstances.

Our List of the Top Five Banks – Online, Nationwide and Local

Capital One

Capital One pretty much does it all well: with excellent checking and savings account features, useful credit cards and competitive auto loan rates, they cover the waterfront.

Leading their list of options and offerings, Capital One features deposit products which are entirely free of fees. The “360” brand choices from Capital One feature accounts with no minimum balance or deposit requirements – and they charge no fees on their checking and savings accounts.

Capital One also offers CD, savings account returns which regularly fall in a higher range than the other large banks offer, and even checking account holders earn interest on their balances.

With tons of branches and ATMs across the nation, Capital One offers access to a total north of 39,000 ATMs – via the Allpoint network – and the bank operates more than 700 branches in the US.

Radius Bank – Online Banking Options

You probably haven’t heard of them, yet, but Radius Bank comes in at the top spot on our list of online banks.

With feature-rich mobile banking app offerings, ATM fee rebates and paybacks from checking and savings accounts, Radius is angling to get you to sign on with them.

Radius also offers cash back on debit purchases, and that’s an innovation not available from many banks. This online bank pays 1 percent cash back – and sometimes slightly more – on some debit card purchases.

Another interesting and relatively rare feature from Radius is their rebate program for ATM surcharges. They also offer an unlimited number of ATM fee rebates for transactions outside their network.

Radius also offers low minimums to open accounts and no minimum balances but there are minimums to open a checking or savings account at Radius are fairly low. Just $100 to open, and no minimum balance requirement after that, means their products are very attractive.

Our Choice for the Best Regional Bank

Western State Bank

Though limited to branch locations in North Dakota and Arizona, our BanksBestRates’s analysis rates Western State Bank as the top regional bank.

Offering a free checking account and access to thousands of MoneyPass ATMs, Western State Bank also kicks in $20 per month refunds on ATM fees.

Their mobile app gets high marks from Android and iOS device users.

Our Selection for the Best Credit Union

Operating out of Chicago, Alliant Credit Union offers an extremely competitive High-Rate savings account which pays, and this is truly exceptional payout, 1.65 percent APY. That number clocks in at nearly half a point higher than most bank savings accounts.

Alliant also offers their High-Rate checking account (which charges no monthly service fee and offers a no minimum balance requirement).

As if that’s not enough, Alliant also gets kudos from users for their online digital banking features and a particularly useful mobile app.

How BanksBestRates.com Rates Banks and Credit Unions

We use our proprietary API to gather checking and savings account data from hundreds of local banks, online financial institutions and credit unions. We analyze fees, account charges and deposit rates for all account types.

How We Categorize These Institutions

  • We classify “big banks” as those who operate 500 or more branches and serve multiple regional areas and states.
  • Our “regional bank” listings are applied to institutions which operate less than 500 branches and are licensed in a state or across a smaller region.
  • We classify “online banks” as those who do not operate brick and mortar locations and offer digital financial services to a nationwide customer base.
  • Our listing of “credit unions” refers to membership-based institutions which are regulated according to National Credit Union Administration rules.

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