What Are The Best Banks In The United States 2022

What are the best banks in the United States? When you are looking to open a savings account, you want to make sure you deposit your money with banking leaders that provide you with personalized service, ease of access, a wide network of branches, ATMs or the best interest rates. 

That is why here we are going to show you a list of the best banks in the USA to keep your money safe and you can access it when you need it most.

5 Best Banks in the United States and Their Advantages

1. Bank Of America

If instead of looking for high-interest rates for your savings, you are just looking for a bank to deposit your money, with a wide range of branches and ATMs, as well as the best in online banking, then Bank Of America is for you.

Advantages:

  • A large number of branches: It has about 4,300 branches and 17,000 ATMs in total, spread over 35 states.
  • Easy Access: Just pay $100 or less to open a savings account.
  • Loan Discounts: You can purchase higher rates and loan discounts through Preferred Rewards.

2. Chase Bank

Chase Bank has about 4,900 branches and 16,000 ATMs. Ideal for customers who can maintain a high enough bank account balance to avoid paying monthly fees.

Advantages:

  • Waive Checking Fees: Waive monthly fees by using direct deposit, maintaining a minimum balance, or linking eligible accounts.
  • Bonuses: Offer bonuses for new users to open accounts with Chase.
  • Popular credit cards:  Choose from 27 credit cards, 22 personal and 5 small businesses.
  • Withdraw without extra costs: Withdraw your money at 16,000 ATMs without additional charges.

3. Discover Bank

Discover Bank was the 2021 Nerdwallet Winner for Best Checking Account with No Monthly Fee. This bank is ideal for those looking for competitive rates and stands out for being the best in APY (Annual Percentage Yield), with an APY of 0.40%. It also offers high-yield savings accounts.

Advantages:

  • Extensive ATM network: Access more than 60,000 ATMs without additional charges.
  • Send or receive without charges: Through Zelle, you can send or receive money without extra costs.
  • Refunds: Receive a 1% refund with your checking account.

4. Alliant Credit Union

Alliant Credit Union is the best in ATMs. It is an online credit union that offers competitive interest rates, low rates, and a wide variety of services.

Advantages:

  • Free of extra charges: Online account opening and checks without additional costs, as well as access to more than 80,000 ATMs free of withdrawal fees.
  • CDs: You can earn with a Bank Certificate of Deposit (CDs) without paying high penalties for early withdrawal.
  • Free Card and Checks: This allows you to open a checking account for online bill payments with cards and checks totally free.

5. Ally Bank

In our list, Ally Bank is the best in customer service. In addition to offering solutions for personal online banking, it also allows you to request your car loan, and mortgage and offers options to invest.

Advantages:

  • Free of charges in deposit accounts: Access savings accounts, checks, and certificates of deposit online without paying monthly fees.
  • High-interest rate on savings accounts and CDs: Access 0.50% annual interest in earnings with your savings account at Ally. Earn more with your CD account compared to other traditional banking entities in the market.
  • No balance requirements: It does not require you to have a minimum balance to earn an interest rate as in other banks.
  • Fee-Free ATMs: Access an extensive network of more than 43,000 fee-free ATMs throughout the United States.

Conclusion

Choose among the best banks in the USA, the one that best suits your needs, whether it is a higher interest rate, simply opening a savings account, accessing several branches or ATMs, or accessing options for investors.


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FAQ About The Best Banks In The United States

What are the best US banks?

  1. Bank of America.
  2. Chase Bank.
  3. Discover Bank.
  4. Alliant Credit Union.
  5. Ally Bank.

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