Which national bank will be the best fit for your particular financial needs and goals, given the abundance of aspects to take into account, such as fees, services, and locations? It could affect your financial situation in the future.

Having a secure location to hide money is essential, as opposed to hiding it in the garden or, worse, beneath your mattress.

There are hundreds of options available to you if you’re searching for a new bank, but it seems like more institutions are joining the market every year.

We also understand that each bank is unique. They will all have various benefits, financial goods, and account choices.

Who would you pick? Let’s examine every item on our list.

 

Top National Banks in 2024

• Bank CIT

• BBVA

• ally Bank

• Huntingdon

• Citibank

• PNC

• American Bank

• TD Bank

• Fargo Wells

• TIAA Bank

The list of top banks was compiled based on a number of criteria, including interest rates, fees, financial products, customer service, and branch count.

While these banks tend to be the most well-known, it’s vital to keep in mind that they might not be the ideal option for you and your finances as you browse my list.

 

1. CIT Bank – Best Savings Rates 

When it comes to savings, money market, and certificate of deposit interest rates, CIT Bank routinely ranks among the best banks.

 

They feature an 11-month no-penalty CD with 4.90% APY that allows you to make withdrawals after one week of account ownership. They also have incredibly flexible CD options.

In situations where checking accounts is preferable. They don’t even provide a checking account, in fact.

The CIT Bank money market accounts do provide six free transactions each month if you just need to make a small number of transactions.  This might be effective for those with straightforward budgets and high cash usage.

Nonetheless, CIT Bank will always be there if you’re wanting to get the best interest rates on your money. See our in-depth analysis of CIT Bank to learn more.

 

2. Best Money Market Rates – BBVA

Even though BBVA isn’t the most well-known bank on our list, you should nonetheless look into them. They are at the top of my list for a few reasons, including their CD, free checking account, and money market account.

 

 

The 12-month CD offered by BBVA (previously BBVA Compass) currently carries an APY of 4.30%. There is a $25 opening cost for their free checking account, but there are no monthly service fees or ATM fees at BBVA ATMs.

The ability to open a BBVA account online is an extra advantage. Both that and account management are quick and simple.

With BBVA Wallet, you may use the app to track your transactions, activate new cards, make payments, report stolen cards, modify pins, and get rewards for your purchases.

 

3. Ally Bank: An Excellent Online Bank Overall

You’ve certainly heard of Ally Bank because of their recent marketing campaign, but you might not be aware that they’re among the top online banks available. One of the main things that sets them apart from the competition is their prices.

 

 

There are just three account options available to them:

Checking Interest for Allies Online Savings.

 

The Ally Money Market

They provide an APY of 0.45% on all balance tiers with their Online Savings Account, which is far better than what you would get from a regular bank.

They also don’t charge maintenance fees or need a minimum balance for their online savings account.

We go into more detail in our Ally Bank review, but Ally is a great choice for anyone looking to switch banks—as long as you don’t mind that there aren’t any physical locations to visit or that you have to meet in person.

 

4. The town of Huntington

Huntington offers excellent banking goods and services, despite its relatively unknown status.

Huntington provides a range of commercial and business choices in addition to banking, borrowing, investing, and insurance solutions for personal banking.

 

Huntington is distinguished for its affordable costs, first-rate customer support, and lucrative CD accounts.

It’s worthwhile to think about the Huntington Asterisk-Free Checking account. The account has no fees at all, yet it doesn’t earn interest.

With its APY and minimal, simple-to-avoid costs, Huntington 5 Checking may be worth considering if you’re seeking for a return.

Their savings accounts also have manageable costs and fair interest rates.

 

5. Citibank 

on contrast to several other banks on our list, Citi specialises on one particular area. If you currently have a loan or credit card from Citi, have a lot of funds, or have substantial investment accounts, Citibank is a great option. Citibank provides bonuses for new account openings, but there are high standards that must be fulfilled beforehand.

 

To qualify for their $300 bonus, you must deposit a minimum of $15,000 into a Citibank Account package. Alternatively, you can establish a Citi Priority relationship and receive P30,000 in Power Mac Centre eGCs.

ThankYou Points can be accrued through increased usage of your Citi credit card and services. These are a component of their reward programme, and you may shop, get gift cards, get money off flights, and do a lot more with the points you earn.

You may even get advanced exclusive access to concerts and sporting events with the Citi Private Pass.  Your points will be worth more if you possess a Citi Prestige Card or Citi ThankYou Premier Card.

 

6. PNC Bank

PNC is now firmly regarded as one of the top banks in the country because to its financial instruments.

Virtual Wallet, a handy service from PNC, is among the greatest banking solutions available. One of the many helpful features of the virtual wallet is the ability to divide your accounts into three categories:

 

 

Spending Reserve Increase

This tool can help you understand your finances and provide you with a different perspective on your money. Limited-time promotions are frequently offered by Virtual Wallet, so you can earn points simply by utilizing the service.

The funds in the reserve section come with free overdraft protection and can be utilized for short-term savings. The higher savings go into the growth category.

You can use the Virtual Wallet to do a lot of other things, like make budgets and use their bill calendar.It’s important to keep in mind that PNC charges a $7 monthly fee, which you can avoid if your spend and reserve categories total $500 or if you receive at least $500 in direct deposits into your spend category each month.

 

7. American Bank

Among the largest banks on our list is Bank of America. There is a Bank of America branch close to you no matter where you reside because the company has about 4,500 branches nationwide.

 

 

Their customer service is the main reason they are on my list. Their contact centres are open from 8 a.m. to 11 p.m. on weekdays and from 8 a.m. to 8 p.m. on weekends. In addition to calling, you can also contact them via online chat or on Twitter if you have any questions.

Additionally, you may set up notifications for account events, such as unexpected card usage or insufficient money, with Bank of America’s useful Mobile Banking app.

Bank of America is a great option if you want a bank that’s constantly open and has a lot of ATMs.

 

8. TD Bank

The place to go if you’re looking for a simple checking account with excellent customer support is TD Bank.

 

 

You can select from three primary varieties of checking accounts offered by them. Their TD Simple checking account has no minimum balance requirements and is exactly what it sounds like.

Their TD Premier account offers free ATM access anywhere you travel along with the potential to earn money if your balance exceeds $2,000.

Customers can also get a variety of services from TD, including house and personal loans. Travellers can take advantage of one of TD Bank’s special incentives.

There are no foreign debit card fees with TD Bank. Furthermore, there are no additional costs while using TD Canada Trust ATMs if you frequently travel to Canada.

TD Bank is going to be among the greatest banks for you whether you’re travelling for work or pleasure.

 

9. Fargo wells 

A number of periodicals and associations have named Wells Fargo the “Best Bank.” They actually won the best bank survey from GOBankinRates for two years running. Having been in operation for more than 150 years, they have had ample time to hone their business.

 

 

Wells Fargo excels in a number of areas, including fees and balances.

All you’ll need to open an account is a $25 or $50 initial deposit. Some accounts have higher rates at $30 per month, but those are the higher accounts. Their monthly costs are as low as $5.

In addition to their costs, Wells Fargo’s abundance of ATMs and locations is another factor contributing to its popularity.

They have more than 6,500 walk-in branches and 12,000 ATMs spread throughout the United States. This surpasses the capabilities of nearly all other national banks.

Look no further than Wells Fargo if you’re looking for access to the majority of locations and entry points.

 

10. The Best Investment Bank, TIAA Bank

A bank should be more than just a place to keep money, according to some customers. TIAA, previously Everbank, offers investment options if you would like to allocate a portion of your funds to your bank. They offer some of the market’s finest CD rates.

 

 

Each of them has a somewhat distinct function and set of advantages. Their flagship Yield Pledge CD demands a $5,000 down payment when opened, but their basic CD may be opened with just $1,000.

One of their best investing options, bump rate CDs, lets you raise your interest rate once in response to a TIAA interest rate hike.

 

11. SunTrust: Top Student Bank

While there are many banks that provide student accounts, not all of them are made equal.

 

 

One of the greatest student accounts is offered by SunTrust. There are no monthly costs as long as you or your child is enrolled in high school.

These accounts come with a tonne of other features, like mobile banking, account balance alerts, and online banking with bill pay.

This account is aware of how busy students are all the time. It’s simple to educate your kids the value of banking with SunTrust.

 

12. Chase

In terms of total assets, Chase is the biggest bank in the country. They draw a lot of new clients by providing sign-up bonuses, for example.

 

 

You may be able to get up to $200 if you choose to create a new checking account at Chase. If you have a savings account, you will receive $150.

It’s simple to meet the requirements for the bonuses. All you need to do is create a direct deposit and a Chase Total Checking account. You will receive the $150 bonus cheque for the Chase Deposit account if you deposit $10,000 within 20 business days and keep the money there for 90 days.

In addition, Chase provides CDs and savings accounts, auto and home loans, investment tools, and credit scores. In summary, Chase offers a one-stop shop for managing most of your financial needs and earning bonus points.

 

13.The Barclays

Barclays Bank is a long-standing company. The British Bank was established in 1690, and it is still operating today for good reason.

 

 

Despite being based in Great Britain, Barclays is a global bank with excellent products and services that include wealth management, corporate and investment banking, and credit cards.

With an APY of 4.35% right now, Barclays’ online savings account is among their top products.

Barclays functions exclusively as a savings platform. This indicates that certain standard banking services, such checking accounts and consumer loans, are not provided by them. Nevertheless, that doesn’t stop their 45 million+ clients from using their other offerings.

Barclays has been a trusted financial partner for decades, providing stability and peace of mind to its customers.

 

BANK NAME	MONTHLY FEE	ATM FEES	INTEREST RATE	MINIMUM BALANCE	ADDITIONAL FEATURES
CIT Bank	$0	No Fees for In-Network ATMs	4.90% APY	$0	11-Month No-Penalty CD
BBVA	$0	No Fees for In-Network ATMs	4.30% APY	$0	BBVA Account Online
Ally Bank	$0	Up to $10 Reimbursement per Statement Cycle	0.45% APY	$0	No Minimum Balance or Maintenance Fees
Huntington	$0	No Fees for In-Network ATMs	0.02% to 0.06% APY	$0	No Minimum Balance or Maintenance Fees
Citibank	$0	No Fees for In-Network ATMs	3.40% APY	$0	No Minimum Balance or Maintenance Fees
PNC Bank	$0	No Fees for In-Network ATMs	4.65% APY	$0	Virtual Wallet
Bank of America	$0	No Fees for In-Network ATMs	0.03% – 0.06%	$0	Always Available
TD Bank	$0	No Fees for In-Network ATMs	4.00% APY	$0	No Foreign Debit Card Fees
Wells Fargo	$5	Unlimited ATM fee reimbursements	0.15% – 2.00% APY	$0	Accessible to Most Locations and Access Points
TIAA Bank	$0	No fees for in-network ATMs	4.25% APY	$0	Bump Rate CDs
SunTrust	$12	No fees for in-network ATMs	Up to 0.15% APY	$0	No Monthly Fees for Students
Chase	$12	No fees for in-network ATMs	0.01% – 0.02% APY	$0	Bonuses
Barclays	Vary	No fees for in-network ATMs	4.35%	$0	Consistency

 

Since each person is unique, and everyone has different banking needs..

These seven banks—plus a few more—are a terrific place to start, but I can’t guarantee they will be the greatest choice for you. I hope my research has provided you with a starting point to establish your own bank, as there are many of them in existence.

 

The Verdict: Selecting the Appropriate National Bank

Considerations for investigating national banks should include several things. These include of reading client testimonials, examining the bank’s safety and financial standing ratings, enquiring about fees and charges, and being aware of the many services that are provided.

In addition, take into account whether the national bank has branches in your area for convenience and simple access.

In conclusion, it is crucial to go over the terms of any deposit accounts in order to comprehend the terms and how they could affect your banking experience.

You may choose the best national bank for you and your financial needs by doing your homework and taking these things into account. Search for institutions that satisfy your specific banking needs and provide competitive rates and services.

After you’ve decided which bank is best for you, you should create and keep an account to enjoy all of the perks and privileges that come with being a valued client. Over time, bank accounts can assist you in managing your money, saving, and establishing credit.

For this reason, picking the best national bank is crucial to your entire financial well-being.