Best banks and credit unions of 2021

The best bank, credit union, or non-bank for you depends on what you’re looking for: a savings account, a checking account, or both.

NerdWallet has spent over 200 hours comparing and rating dozens of financial institutions, including banks, nonbanks, and credit unions, to identify which ones have the best deposit accounts. (Nonbanks provide many of the same services as traditional institutions, but are not technically banks themselves.)

General top: Seven financial service providers achieved top marks in our chequing and savings categories. If you want to keep your checking and savings accounts at the same institution, choose one of these options.

Our list includes a few credit unions. Generally speaking, credit unions place more emphasis on customer service than banks and pay higher interest rates – although online accounts, like the ones on this list, also tend to pay higher interest rates. advantageous rate. Read our article to learn more about credit unions vs banks.

Main savings accounts: If you want to share your accounts between different providers, consider one of these savings accounts. They have much higher annual percentage returns than the national average of 0.05%. This is important because people typically use savings accounts to put money aside for purposes, like a trip or a down payment on a house. Your savings will grow faster with one of these accounts. Find out more in our article on savings accounts.

EXPLORE MORE ACCOUNTS

Main control accounts: If you are more interested in checking accounts, these providers offer perks, such as interest or reimbursement of ATM fees. And, most importantly, they have large ATM networks and don’t charge monthly fees. Since chequing accounts hold most people’s money, they should be easy to access and inexpensive to maintain. Find out more in our article on verify accounts.

Best Banks and Credit Unions:

  • Better overall, better for customer service: Allied bank

  • Better overall, better for cash rewards: Discover Bank

  • Better overall, better for ATM availability: Alliant Credit Union

  • Better overall, better for overdraft options: One Finance

  • Better overall, better for the rates: Bank Varo

  • Better overall, better for tools: Chime

  • Better overall, better for checking interest: Connexus Credit Union

  • Ideal for savings, 0.50% APY (annual percentage return) as of 11/17/2020: Marcus by Goldman Sachs

  • Ideal for savings, 0.40% APY: Barclays

  • Ideal for checking, 0.25% APY: FNBO Direct

  • Ideal for checking, 0.15% APY: NBKC Bank

  • Ideal for checking, up to 1.25% APY: Axos Bank

Some of our best global institutions

4.5

NerdWallet Rating

  • More than 55,000 free ATMs; rewards for using the auto-save feature.

4.5

NerdWallet Rating

  • More than 38,000 free ATMs; up to $ 100 overdraft at no charge.

4.5

NerdWallet Rating

  • Over 60,000 free ATMs, cash rewards.

4.5

NerdWallet Rating

  • Over 55,000 free ATMs, no foreign transaction fees.

  • Until 3.00% APY on savings.

4.5

NerdWallet Rating

4.5

NerdWallet Rating

  • Over 43,000 free ATMs, solid customer service.

4.5

NerdWallet Rating

  • More than 54,000 free ATMs; interest checking available.

Some of our best savings accounts

4.5

NerdWallet Rating

4.5

NerdWallet Rating

Some of our best chequing accounts

5.0

NerdWallet Rating

5.0

NerdWallet Rating

5.0

NerdWallet Rating

Did you have something more specific in mind? If so, check out these articles:

Savings and money market accounts

Check accounts

Banks, credit unions and cash management accounts

Best Banks and Credit Unions

Overall customer service

Overall, cash rewards

Overall availability of ATMs

Global and flexible overdraft options

Overall, interest in checking

Savings, 0.50% APY (annual percentage return) as of 11/17/2020

Verification, 24/7 telephone support

Understand how APY works

Find out how compound interest works in this quick, comprehensive guide to annual percentage return.


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