Best National Banks of 2024 - NerdWallet (2024)

Best national banks

Financial Institution

Savings APY

Minimum deposit to open savings

Best National Banks of 2024 - NerdWallet (1)

NerdWallet rating

4.20%.

$0.

Best National Banks of 2024 - NerdWallet (2)

NerdWallet rating

0.48%.

$0.

Best National Banks of 2024 - NerdWallet (3)

NerdWallet rating

0.01% effective as of 02/10/2023. Interest rates are variable and subject to change.

$0.

Best National Banks of 2024 - NerdWallet (4)

NerdWallet rating

4.60% with direct deposit; 1.20% without.

$0.

Best National Banks of 2024 - NerdWallet (5)

NerdWallet rating

5.25%.

$0.

» COMPARE: See our list of best banks and credit unions

Keep in mind that having branch access usually means paying more in fees and earning less interest. If you're curious what you'd be giving up in returns by storing your money in a brick-and-mortar bank, run your balance through our savings calculator.

National banks FAQs

What does it mean to be a national bank?

For this roundup, national banks are financial institutions with a presence in at least 15 states. This includes banks with physical branches as well as those that are online-only. Accounts at the online banks are available to people living in almost every state. For banks with branches, we considered only those that had at least 1,000 locations.

What makes big banks different from smaller banks?

Big, national banks serve more of the country than regional or community banks do. A regional bank might serve only a few neighboring states; a community bank might serve only one city within a state.

National banks tend to have more technological resources and a wider variety of products than smaller banks; on the other hand, smaller banks can offer more personalized service.

How much interest do the best big banks pay?

The best national brick-and-mortar banks don't always pay the highest interest rates on savings products. Like other brick-and-mortar banks, they might pay around the national average for savings — 0.46% — or less.

And like other online banks, the best national online banks often have higher APYs than their brick-and-mortar counterparts.

» SEE: the best high-yield online savings accounts

Are national banks better than other kinds of banks?

That depends on what you're looking for. If your biggest priority is in-person accessibility, a national, brick-and-mortar bank might be a good fit. You're more likely to find a branch no matter where you live. If you're interested in the best rates and large ATM networks, one of the best national online banks might be a good fit. Consider the pros and cons of different banking institutions in our guide to choosing a bank.

If having access to a branch when you're far from home isn't a priority and you value in-person, personalized service, a regional or community bank might be better for you.

Are the best national banks brick-and-mortar banks?

Not necessarily. Many of NerdWallet's picks for best national bank are online, because they often offer better deposit interest rates than brick-and-mortar banks do. But some brick-and-mortar banks stand out for other reasons, such as solid sign-up bonuses or customer service.

» Find out what sign-up bonuses banks are offering this month

Many online banks allow people to sign up from almost anywhere in the U.S., while most brick-and-mortar banks have some states they don't serve. For example, Chase has branches across the country but doesn’t serve all 50 states.

What makes the best national brick-and-mortar banks different from the best national online banks?

The best national brick-and-mortar banks and the best national online banks have different pros and cons. Brick-and-mortar banks are more likely to offer promotions or welcome bonuses for new accounts, while online banks are more likely to pay higher rates on savings.

While both are available to many people in the U.S., brick-and-mortar banks offer in-person accessibility. Online banks can offer large third-party ATM networks, though.

Is my money safer in a national bank vs. a regional bank (or a national credit union vs. a regional credit union)?

Your money is equally safe in any bank that's insured by the Federal Deposit Insurance Corp. As long as your bank has this protection — and most banks do — you're insured for up to $250,000 per person, per ownership category, per bank.

Similarly, your money is equally safe in any credit union that’s insured by the National Credit Union Administration. Credit unions that have this protection insure your money for up to $250,000 per person, per account, per credit union.

» Read up on FDIC insurance

What is the No. 1 bank in America?

Currently, the largest bank in America by asset size is Chase Bank. It has branches in nearly all states (there are no branches in Alaska) and about 16,000 ATMs, as well as extended hours for customer service via phone.

That doesn't necessarily mean Chase is the bank you should choose, though. Weigh its interest rates, fees and additional factors against other options in your area before making a choice.

» Learn more: How to choose a bank

Which bank is the best rated in America?

There are many ways of rating a bank, but customer satisfaction is an important one. According to the J.D. Power 2023 U.S. Retail Banking Satisfaction Study℠, Chase won in three regions, more than any other bank.

Chase is the best-rated bank for customer satisfaction in the Upper Midwest, Mid-Atlantic region and Florida, and U.S. Bank is the best-rated bank for customer satisfaction in California.

What are the top 10 banks in the United States?

According to the most recent Federal Reserve data, the top 10 retail banks in the U.S. by assets are:

  1. Chase Bank.

  2. Bank of America.

  3. Wells Fargo.

  4. Citibank.

  5. U.S. Bank.

  6. PNC Bank.

  7. Goldman Sachs.

  8. Truist Bank.

  9. Capital One.

  10. TD Bank.

These banks typically have large branch and ATM networks and offer many different products. But before signing up with one, you should consider your priorities, including interest rates and accessibility.

Which is better: Chase vs. Wells Fargo? Wells Fargo vs. Bank of America?

The best bank for you depends on which services you use the most and which bank has the most branches and ATMs nearby, so it’s worth digging into the details.

You can read more in NerdWallet’s head-to-head comparisons of the country’s biggest banks:

  • Wells Fargo vs. Chase.

  • Chase vs. Bank of America.

  • Wells Fargo vs. Bank of America.

Which national banks will pay me a bonus?

Many national banks consistently offer sign-up bonuses for new customers who open accounts. These days, it’s not unusual to find bonuses of between $100 and $200.

You can learn more about bonuses in NerdWallet’s list of the best bank promotions.

Best National Banks of 2024 - NerdWallet (2024)

FAQs

Which bank is giving 7% interest in savings accounts? ›

Currently, no banks are offering 7% interest on savings accounts, but some do offer a 7% APY on other products. For example, OnPath Federal Credit Union currently offers a 7% APY on average daily checking account balances up to and under $10,000.

Where can I get 7% interest on my money online? ›

Banks that offer 7% interest on savings accounts
  • Landmark Credit Union Premium Checking (7.50% APY) ...
  • Digital Credit Union Primary Savings (6.17% APY) ...
  • Popular Direct High-Yield Savings (5.20% APY) ...
  • TAB Bank High Yield Savings (5.27% APY) ...
  • High-yield savings accounts. ...
  • Certificates of deposit (CDs) ...
  • Money market accounts (MMAs)
Mar 8, 2024

What is the strongest national bank? ›

Summary of the Largest Banks in the U.S.
RankingBankTotal Assets
1JPMorgan Chase$3.3 trillion
2Bank of America$2.4 trillion
3Wells Fargo$1.7 trillion
4Citibank$1.6 trillion
6 more rows
Mar 27, 2024

Which is the No. 1 bank of the USA? ›

Chase Bank

Where can I get 5% interest on my savings account? ›

Nationally Available High Interest Account Rates from Our Partners
Account NameAPY (Annual Percentage Yield) Accurate as of 4/26/2024
EverBank Performance℠ Savings5.15%
CIT Bank Platinum Savings5.05% (with $5,000 minimum balance)
Wealthfront Cash Account5.00%
Barclays Online Savings Account4.35%
2 more rows
Apr 23, 2024

Which bank gives 8% interest? ›

Top 20 Scheduled Banks offering Best FD Rates
BanksHighest FD rate (% p.a.)Additional interest rate for senior citizens (% p.a.)
AU Small Finance Bank8.000.50
Fincare Small Finance Bank8.000.50
DCB Bank8.000.50-0.60
IDFC First Bank8.000.50
16 more rows

How can I get 10% interest on my money? ›

Where can I get 10 percent return on investment?
  1. Invest in stocks for the short term. ...
  2. Real estate. ...
  3. Investing in fine art. ...
  4. Starting your own business. ...
  5. Investing in wine. ...
  6. Peer-to-peer lending. ...
  7. Invest in REITs. ...
  8. Invest in gold, silver, and other precious metals.

Where can I get 12% interest on my money? ›

Where can I find a 12% interest savings account?
Bank nameAccount nameAPY
Khan Bank365-day, 18-month and 24-month Ordinary Term Savings Account12.3% to 12.8%
Khan Bank12-month, 18-month and 24-month Online Term Deposit Account12.4% to 12.9%
YieldN/AUp to 12%
Crypto.comCrypto.com EarnUp to 14.5%
6 more rows
Jun 1, 2023

Where can I earn 12% interest? ›

Here are five easy-to-understand investment options that have the potential to generate a steady 12% returns on investment:
  • Stock Market (Dividend Stocks) ...
  • Real Estate Investment Trusts (REITs) ...
  • P2P Investing Platforms. ...
  • High-Yield Bonds. ...
  • Rental Property Investment. ...
  • Way Forward.
Jul 20, 2023

What is the most stable bank in America? ›

Summary: Safest Banks In The U.S. Of April 2024
BankForbes Advisor RatingLearn More
Chase Bank5.0Learn More Read Our Full Review
Bank of America4.2
Wells Fargo Bank4.0Learn More Read Our Full Review
Citi®4.0
1 more row
Jan 29, 2024

What are the 10 weak banks? ›

The banks in the 'red zone' are AB, National, Bangladesh Commerce, Padma, BASIC, National Bank of Pakistan, Janata, Agrani, and Rupali, according to the latest edition of the "Banks Health Index and HEAT Map", a biannual report prepared by the Financial Stability Department of the Bangladesh Bank.

What bank do the richest use? ›

The Most Popular Banks for Millionaires
  1. JP Morgan Private Bank. “J.P. Morgan Private Bank is known for its investment services, which makes them a great option for those with millionaire status,” Kullberg said. ...
  2. Bank of America Private Bank. ...
  3. Citi Private Bank. ...
  4. Chase Private Client.
Jan 29, 2024

What is the best and safest bank in USA? ›

10 Safest Banks in the U.S.
BankAssetsFDIC Insured?
JP Morgan Chase$3.40 trillionYes
Bank of America$2.54 trillionYes
Wells Fargo$1.73 trillionYes
Citi$1.68 trillionYes
6 more rows
Mar 29, 2024

What is the best bank in America right now? ›

Full List of Best Banks 2023 - 2024
  • Regions Bank.
  • Security Service Federal Credit Union.
  • SoFi.
  • TD Bank.
  • U.S. Bank.
  • USAA.
  • Vio Bank.
  • Wells Fargo.

How many bank accounts should I have? ›

Money coach and certified financial planner Ohan Kayikchyan says it can make sense for a household to maintain four accounts: one checking account for monthly recurring bills and another for variable expenses, plus one savings account for emergency funds and a second for other savings goals.

How do I get 7 percent interest on my savings account? ›

6 banks offering up to 7% interest rate on savings accounts
  1. 1/8. Savings account. ...
  2. 2/8. DCB Bank savings account interest rate. ...
  3. 3/8. IDFC FIRST Bank savings account interest rate. ...
  4. 4/8. Suryoday Small Finance Bank savings account interest rate. ...
  5. 5/8. ESAF Small Finance Bank. ...
  6. 6/8. Other Small Finance Banks. ...
  7. 7/8. save-idea-getty.
  8. 8/8.
Jul 13, 2023

What bank currently has the highest savings interest rate? ›

10 best savings accounts of April 2024
Account typeBest for:APY
LendingClub High-Yield SavingsATM access5.00%
Credit Karma Money SaveIncreased FDIC coverage5.10%
TAB Bank: TAB SaveMultiple account types with great rates5.27%
Newtek Bank High-Yield SavingsThose who want a well-established industry name5.25%
6 more rows
5 days ago

Where can I get 7% on a CD? ›

What banks are offering 7% interest on CDs? Currently, no U.S. banks or credit unions are offering 7% APY on CDs. During August 2023, a few credit unions were offering 7% interest on CDs, but those were limited-time offers that are no longer available.

Which bank pays the highest interest on a savings account? ›

Best High-Yield Online Savings Accounts of May 2024
  • BrioDirect High Yield Savings Account: 5.35% APY.
  • Ivy Bank High-Yield Savings Account: 5.30% APY.
  • TAB Bank High Yield Savings: 5.27% APY.
  • UFB Secure Savings: Up to 5.25% APY.
  • EverBank Performance℠ Savings: 5.15% APY.
  • Bask Interest Savings Account: 5.10% APY.

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