GOBankingRates

The 29 Best Banks of 2017

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You shouldn't settle for just any bank. After all, it's your money. You don't want to see your account balance eaten away by excessive fees or barely growing because the yields are lower than what you can get elsewhere. You also want to ensure your money is easily accessible and being held by an institution that's financially sound.

To help you find the right bank for your needs, GOBankingRates evaluated 100 banks to pinpoint which ones offer the best values. For the Best Banks of 2017 study, GOBankingRates compiled a list of 72 national banks by asset size according to the FDIC and 28 online-only banks that offer products nationally. The study used a variety of factors — including fees, account yields, financial strength and customer service — to determine the top 10 in five categories:

GOBankingRates also chose two editors' picks from the finalists in each category. These banks excelled in a certain area over the rest of the finalists. Click through to see the 29 best banks of 2017.

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Ally Bank

Ally Bank returns to the top spot in the best online bank category for the third year in a row. It's also a finalist in the best checking account category and an editors' pick for best savings account and best CD account.

Ally offers no-fee checking and savings accounts with some of the highest yields in the GOBankingRates study. Plus, it's one of only two online banks that offers a live customer service chat feature on its website. Its CD accounts stand out because they have no minimum deposit requirements, and the yields are among the highest in the study.

Read: Ally Bank Is the Best Online Bank of 2017

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AloStar Bank of Commerce

AloStar Bank of Commerce is an editors' pick for best savings account. What makes the account stand out is its interest rate of 1.05% APY — the highest on GOBankingRates' list along with Synchrony Bank. It doesn't have a service fee, but there is a $50 minimum deposit requirement.

AloStar Bank of Commerce also is a finalist in the Best Online Bank category because of its high yields and no-fee checking account. It's a finalist for Best CD Account with a 12-month CD that offers a 1.05% APY and a 60-month CD that has a 1.61% APY.

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American Express Bank

American Express Bank is a finalist in the Best Savings Account category. It has no minimum deposit or balance requirements. And there is no monthly service fee, which means you can put more money toward your savings or emergency fund with Amex.

Check Out These Insider Tips for How to Choose the Best Bank

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Bank of America

Bank of America is a finalist in the Best National Bank category. It offers a full range of financial products, from loans to investment services to insurance. But its $12 monthly checking account fee is one of the highest among the top 10 national banks. On the plus side, it offers free online financial education in partnership with Khan Academy at BetterMoneyHabits.com.

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Bank of Internet USA

Bank of Internet USA is a finalist in the Best Online Bank category. It offers no-fee checking and savings accounts that don't have minimum deposit or balance requirements, so you can start building an emergency fund with just a few dollars. Plus, the yields on its savings and CD accounts are relatively high.

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Bank5 Connect

Bank5 Connect earned the top spot in the study for best checking account. It's also an editors' pick for best online bank.

Its High Interest Checking offers a 0.76% APY — the highest in the study. There's no monthly service fee or minimum balance requirement. A $10 minimum deposit is required, though. Its no-fee accounts and relatively high yields make Bank5 Connect one of the best online banks. Plus, it's one of only two online banks in the top 10 to offer live chat with customer service.

See: Bank5 Connect Offers Best Checking Account of 2017

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Barclays Bank Delaware

The Online Savings Account at Barclays Bank Delaware is an editors' pick for best savings account. The account stands out because it has no monthly service fee and no minimum deposit or balance requirements. Plus, it has a 1.50% APY.

Barclays Bank Delaware also is a finalist in the Best Online Bank and Best CD Account categories. It's one of only two banks in the top 10 that doesn't have a minimum deposit requirement for its CD account. The yield on the 12-month CD is 2.05% APY, and the yield on its 60-month CD is 2.65% APY.

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Branch Banking and Trust Company

BB&T is a finalist in the Best National Bank category. It offers one of the highest savings yields among the top 10 national banks — 0.03% APY. And its $5 monthly checking account fee on its basic account is the second lowest in the top 10. BB&T offers a full range of products — including auto and mortgage loans, credit cards, investment services and insurance — in 15 states and the District of Columbia.

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Capital One

Capital One is an editors' pick for best checking account. Its 360 Checking account has the lowest non-sufficient funds fee — just $9 — among the top 10 accounts. There's no monthly service fee or minimum deposit or balance requirements. And 360 Checking yields 0.20% APY to 0.90% APY, depending on the account balance.

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Charles Schwab Bank

Charles Schwab Bank is a finalist in the Best Checking Account category. Its High Yield Investor Checking account offers a 0.06% APY. It has no monthly service fee and no minimum deposit or balance requirements.

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Chase Bank

Chase Bank is an editor's pick for best national bank. It stands out for its variety of cash-back and travel rewards credit cards. Chase also offers a range of other financial products — including auto and mortgage loans and investment services. Unlike several other banks among the top 10 national banks, it doesn't offer insurance. It also has one of the highest checking account fees — $12.

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CIT Bank

CIT Bank is an editors' pick for best CD account. Its 12-month CD has a 1.22% APY, and its 60-month CD offers a 1.70% APY. Both require a minimum deposit of $1,000.

CIT Bank also is a finalist in the Best Online Bank and Best Savings Account categories. Its High Yield Savings Account offers a 0.95% APY and has no monthly service fee. But it requires a minimum deposit of $100. Its relatively high yields make it stand out among online banks.

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Citibank

Citibank is an editors' pick for best national bank because of its excellence of products. It offers a range of investments — including stocks, bonds and mutual funds — annuities, insurance, retirement savings, education savings, and trusts and estate planning. Citibank has more than 1,000 branches in the U.S. and 4,000 overseas. However, its $12 checking account fee is one of the highest in our survey.

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Discover Bank

Discover Bank is an editors' pick for best checking account and best online bank. Its Cashback Checking account stands out because account holders can earn 10 cents every time they make a debit card purchase, pay a bill online or write a check that clears. It's one of the best online banks because of its no-fee accounts and relatively high yields.

Discover Bank also is a finalist in the Best Savings Account and Best CD Account categories. Discover's Online Savings Account offers a 0.95% APY and doesn't charge a monthly service fee. It does require a minimum deposit of $500, though. The Discover 12-month CD has a 1.15% APY, and the 60-month CD offers a 1.76% APY. Both require a minimum deposit of $2,500.

See: Credit Card Companies That Offer High-Yield Savings Accounts

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Everbank

Everbank offers the best CD accounts because the yields are the highest in the GOBankingRates study. The 12-month CD offers a 2.10% APY, and the 60-month CD has a 2.70% APY. Both require a minimum deposit of $5,000.

Everbank also is a finalist in the Best Checking Account category. Its Yield Pledge Checking account offers a 0.25% APY and has no monthly service fee. But there is a $5,000 minimum deposit requirement.

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First Internet Bank

First Internet Bank is a finalist in the Best CD Account category. Its 60-month CD has the second highest yield among the top 10 accounts — 1.92% APY. And its 12-month CD offers a 1.16% APY. Both require a minimum deposit of $1,000.

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FNBO Direct

FNBO Direct is a finalist in the Best Checking Account and Best Savings Account categories. Its Online Checking account offers the second highest yield on the GOBankingRates list — 0.65% APY. There's no minimum balance requirement or monthly service fee, and the minimum deposit to open an account is $1.

FNBO Direct's Online Savings Account offers a 1.60% APY, has a minimum deposit requirement of $1 and charges no monthly service fee.

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HSBC Bank USA

HSBC Bank USA is a finalist in the Best National Bank category. It has the lowest monthly checking account fee — a mere $3 — of the top 10 best national banks and has no minimum balance requirement. It doesn't offer auto loans, but has a range of other products, including mortgages, credit cards, investment services and insurance.

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iGObanking.com

iGObanking.com is a finalist in three categories: Best Checking Account, Best Savings Account and Best Online Bank. The iGOchecking account offers a 0.25% APY, requires a $1 minimum deposit and charges no monthly service fee. Its High Interest Savings account has a 1.00% APY, no monthly service fee and a $1 minimum deposit requirement.

iGObanking.com is one of the best online banks because of its relatively high yields and no-fee accounts.

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Incredible Bank

Incredible Bank is a finalist in the Best Online Bank and Best Checking Account categories. Its checking account stands out for its relatively high yield — 0.59% APY. However, it requires a minimum deposit of $1,000 and levies a $15 monthly fee if the average account balance falls below $300.

Among the top 10 online banks, Incredible Bank offers the highest savings account yield — 1.11% APY.

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Nationwide Bank

Nationwide Bank is a finalist in the Best CD Account category. It has one of the lowest minimum deposit requirements — $500 — among the top 10 best CD accounts. Nationwide's 12-month CD has a 1.86% APY, and its 60-month CD has a 2.51% APY.

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PNC Bank

PNC Bank is a finalist in the Best National Bank category. It operates in 19 states, primarily on the East Coast. In addition to banking services, PNC offers wealth management, insurance, investment products and retirement accounts. The $7 monthly service charge on its checking account is waived for customers who maintain an average monthly balance of $500, have $500 in monthly direct deposits or are age 62 or older.

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Regions Bank

Regions Bank is a finalist in the Best National Bank category. This full-service bank that offers consumer banking accounts, loans, wealth management and insurance products operates in the South and Midwest. Its savings account offers a 0.01% APY, and its Life Green Checking account has an $8 monthly service fee that can be waived if customers have direct deposit or maintain an average monthly balance of $1,500.

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Sallie Mae Bank

Sallie Mae Bank is a finalist in the Best Savings Account and Best CD Account categories. Its Money Market Savings account offers a 0.90% APY, has no minimum deposit or balance requirements and has no monthly service fees.

Its CD yields are among the highest of the finalists for GOBankingRates' Best Banks study. The 12-month CD offers a 1.25% APY, and the 60-month CD has a 1.80% APY. Both require a $2,500 deposit.

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Synchrony Bank

Synchrony Bank was one of GOBankingRates' 10 Best Savings Accounts in 2016 and has moved to the top spot for 2017 because it no longer charges a monthly service fee. Its savings account offer the highest yield on our list — 1.05% APY — along with AloStar Commerce Bank. Unlike Alostar's account, Synchrony's savings account doesn't have a minimum deposit requirement.

Synchrony Bank also is a finalist in the Best CD Account category and Best Online Bank category. Its 12-month CD has a 1.25% APY, and its 60-month CD has a 1.80% APY.

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TD Bank

TD Bank takes the top spot for the Best National Bank award. Although the yields on its interest-bearing accounts are lower than the accounts offered by the best online banks, TD Bank offers the highest savings account interest rate — 0.05% APY — and the second highest CD interest rate — 0.30% APY — on GOBankingRates' list of the top 10 national banks.

It offers a full range of financial products — including auto and mortgage loans, credit cards, investment services and insurance. TD Bank's checking account monthly maintenance fee of $5.99 is lower than the fee charged by most of the other top 10 national banks and has no minimum daily balance requirement.

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TIAA Direct

TIAA Direct is a finalist in the Best Checking Account category because it's one of only 11 banks surveyed that has an interest-bearing checking account. The yield isn't high — 0.05% APY — but a little is better than nothing. Plus, it doesn't charge a monthly service fee or impose a minimum balance requirement. A minimum deposit of $100 is required, though.

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U.S. Bank

U.S. Bank offers a full range of financial products — from loans to credit cards to insurance. Its savings account yield is on par with most of the other best national banks: 0.01% APY. But its checking account fee of $6.95 is lower than most of the monthly service fees charged by the other top 10 banks on GOBankingRates Best Checking Accounts list.

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Wells Fargo

Wells Fargo was named the Best National Bank in GOBankingRates' Best Banks of 2016 study. Despite the fact that the bank is recovering from scandal for opening accounts without customers' permission, it's a finalist this year because GOBankingRates assessed the banks on their products, rates and customer service offerings.

The bank offers a range of products — including loans, credit cards and investment services — and provides 24/7 customer service. Like many other large, national banks, Wells Fargo charges a monthly service fee on its checking account — $10 if account holders don't meet certain requirements.

Best Savings Account Category Methodology:

To compile its list of the top 100 banks, GOBankingRates surveyed the FDIC's list of banks sorted by asset size, excluding non-active institutions, investment banks and any institutions that require customers to use investment services to access commercial bank accounts. This list of 100 banks includes 72 brick-and-mortar banks and 28 online-only banks according to the GOBankingRates database. No asset threshold was consulted for online-only banks.

Criteria for ranking: To determine its Best Savings Accounts category ranking, GOBankingRates scored each bank's basic, personal savings account from most to least favorable on the following factors: (1) minimum deposit to open the savings account, (2) monthly maintenance fee, (3) minimum balance to avoid a fee and (4) annual percentage yield. APY was weighted more heavily than other ranking factors, and accounts were then ranked by overall score.

Data was compiled from and verified against the individual institutions' websites between Oct. 11 and Oct. 26, 2016. Rates, terms and conditions are subject to change at the discretion of the individual financial institutions. APY was based on the minimum deposit required to open the account. Some interest rates might be short-term or promotional offers only, and it is possible additional terms and conditions must be met in order to obtain the interest rates listed. Rates and availability might vary by region. Please verify terms and conditions before opening an account.

Best Checking Account Category Methodology:

To compile its list of the top 100 banks, GOBankingRates surveyed the FDIC's list of banks sorted by asset size, excluding non-active institutions, investment banks and any institutions that require customers to use investment services to access commercial bank accounts. This list of 100 banks includes 72 brick-and-mortar banks and 28 online-only banks according to the GOBankingRates database. No asset threshold was consulted for online-only banks.

Criteria for ranking: To determine its Best Checking Accounts category ranking, GOBankingRates scored each bank's basic, personal checking account from most to least favorable on the following factors: (1) minimum deposit to open the checking account, (2) monthly maintenance fee, (3) minimum balance to avoid a fee, (4) annual percentage yield and (5) nonsufficient funds fee. Monthly maintenance fee and APY were weighted more heavily than other ranking factors, and accounts were then ranked by overall score.

Data was compiled from and verified against the individual institutions' websites between Oct. 11 and Oct. 26, 2016. Rates, terms and conditions are subject to change at the discretion of the individual financial institutions. APY was based on the minimum deposit required to open the account. Some interest rates might be short-term or promotional offers only, and it is possible additional terms and conditions must be met in order to obtain the interest rates listed. Rates and availability might vary by region. Please verify terms and conditions before opening an account.

Best CD Account Category Methodology:

To compile its list of the top 100 banks, GOBankingRates surveyed the FDIC's list of banks sorted by asset size, excluding non-active institutions, investment banks and any institutions that require customers to use investment services to access commercial bank accounts. This list of 100 banks includes 72 brick-and-mortar banks and 28 online-only banks according to the GOBankingRates database. No asset threshold was consulted for online-only banks.

Criteria for ranking: To determine its Best CD Accounts category ranking, GOBankingRates evaluated each institution's 12-month certificate of deposit product and five-year CD product. If the bank did not offer a 12-month or five-year CD, then the next-closest CD term length was selected for evaluation. GOBankingRates scored the CD accounts from most to least favorable on the following factors: (1) minimum deposit to open a CD, (2) annual percentage yield for a 12-month CD and (3) APY for a five-year CD. APY for a 12-month CD and APY for a five-year CD were weighted more heavily than other ranking factors, and accounts were then ranked by overall score.

Data was compiled from and verified against the individual institutions' websites between Oct. 11 and Oct. 26, 2016. Rates, terms and conditions are subject to change at the discretion of the individual financial institutions. APY was based on the minimum deposit required to open the account. Some interest rates might be short-term or promotional offers only, and it is possible additional terms and conditions must be met in order to obtain the interest rates listed. Rates and availability might vary by region. Please verify terms and conditions before opening an account.

Best Online Banks Category Methodology:

To determine its Best Online Banks ranking, GOBankingRates examined 28 online-only banks that offer products nationally according to the GOBankingRates and FDIC databases, excluding online products offered by institutions with a physical, retail banking presence. No asset threshold was consulted for online-only banks.

Criteria for ranking: GOBankingRates scored each online-only bank from most to least favorable on the following factors: (1) checking account fee, (2) savings account annual percentage yield, (3) 12-month certificate of deposit APY and (4) BauerFinancial Star Rating for overall financial strength. Banks were then scored according to whether they offered the following services, all of which contributed to a single weighting: (5) 24/7 customer service available by phone, (6) live chat service via website with a person, (7) mobile app and (8) remote check deposit. Banks were ranked according to their overall score.

Data was compiled from and verified against BauerFinancial and the individual institutions' websites between Oct. 11 and Oct. 26, 2016. Rates, terms and conditions are subject to change at the discretion of the individual financial institutions.

Best National Banks Category Methodology:

To determine its Best National Brick-and-Mortar Banks category ranking, GOBankingRates examined the top 72 national banks by asset size according to the FDIC, excluding non-active institutions, investment banks and any institutions that require customers to use investment services to access commercial bank accounts.

Criteria for ranking: GOBankingRates scored the banks from most to least favorable on the following factors: (1) checking account fee, (2) savings account annual percentage yield, (3) 12-month certificate of deposit APY and (4) BauerFinancial Star Rating for overall financial strength. Banks were then scored according to whether they offered each of the following services, all of which contributed to a single weighting: (5) auto loans, (6) mortgage loans, (7) credit cards, (8) investment services and (9) insurance services. Next, banks were scored according to accessibility factors: (10) overall geographic presence, (11) mobile banking and (12) 24/7 customer service with a live person. Banks were then ranked according to their total score and then by the specific number of states they have physical branches in.

Data was compiled via the GOBankingRates interest rate database and verified against the individual institutions' websites between Oct. 11 and Oct. 26, 2016. Rates, terms and conditions are subject to change at the discretion of the individual financial institutions.

Editors' Picks Category Methodology:

To determine the two editors' picks for each category, the nine finalistsin the savings, checking, certificate of deposit, online bank, and national brick-and-mortar bank categories were reviewed for standout factors. The editors' pick symbolizes that that bank excelled in a certain area over the rest of the nine finalists.

Data was compiled via the GOBankingRates interest rate database and verified against the individual institutions' websites between Oct. 11 and Oct. 26, 2016. Rates, terms and conditions are subject to change at the discretion of the individual financial institutions.

GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack, Inc., an online marketing company serving top-tier banks, credit unions, and other financial services organizations. Some banks mentioned in the Best Banks of 2017 survey are clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions. Rankings are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement.