Best Banks in Maryland
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
Maryland offers a wide range of banking options, from regional banks to national financial institutions — giving residents plenty of choices to meet their financial needs.
In this guide, GOBankingRates highlights the Best Banks by State of 2025, with a closer look at the top banks in Maryland. The breakdown will cover how their checking, savings and CD accounts compare to hep you find the best fit for your goals.
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GOBankingRates' editorial team is committed to bringing you unbiased bank reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our in-depth bank review methodology.
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TOP STATE BANKS AT A GLANCE
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Savings APY
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Detailed Reviews of the Best Banks in Maryland
Some banks consistently offer the top options for residents of the Free State. Here are the three best banks in Maryland.
Gold Winner: Capital One
Capital One offers Maryland residents a wide array of financial products. On the savings front, you’ll find competitive APYs and no monthly maintenance fees. The bank also offers attractive rewards credit cards that could help you stretch your dollars further.
Best For
Business Banking
National Banks
Credit Cards
Auto Loans
Great APYs
Fee-Free Checking and Savings
Capital One stands out for its fee-free checking and savings options as well as its extensive ATM network. The checking account earns a APY no matter what your balance and the 360 Performance Savings account has a APY.
Total Branch Locations
Over 250
Mobile App Rating
4.9 on the Apple App Store and 4.5 on Google Play
Other Products Offered
Checking and savings accounts, CDs, credit cards, business banking and auto loans
Pros
- No minimum deposit or monthly maintenance fees
- Competitive APYs
Cons
- Cash deposit limitations
- Customer service limitations
Why We Like Capital One
Capital One offers fee-free checking and savings accounts, competitive interest rates and access to over 70,000 fee-free ATMs nationwide. Capital One also offers a credit card with cash back rewards. 24/7 customer service is available, along with Eno, the mobile assistant chat service.
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Silver Winner: First National Bank of Pennsylvania
While First National Bank of Pennsylvania is based in Pennsylvania, its reach extends into seven other states, including Maryland. With over 30 physical branches in the Free State, residents can find plenty of in-person banking opportunities with this financial institution.
Best For
Mobile App
Low Monthly Fees
Auto loans
Investment Services
Home loans
Wide Variety of Deposit Accounts and Loan Options
First National Bank of Pennsylvania stands out for a big selection of checking, savings, CDs and loan products. The Freestyle Checking doesn’t come with a monthly maintenance fee and the CDs offer relatively competitive APYs.
Total Branch Locations
Over 300
Mobile App Rating
4.8 on the Apple App Store and 4.5 on Google Play
Other Products Offered
Checking, savings, CDs, HSAs, home loans, auto loans, insurance, investments
Pros
- CD specials come with attractive rates
- Extensive selection of loan options
Cons
- APY on checking accounts is not very competitive
- You must meet certain restrictions to waive monthly fees
Why We Like First National Bank of Pennsylvania
First National Bank of Pennsylvania offers a range of accounts and products, which can make it easy to manage multiple financial needs in a single place. Additionally, the extensive physical footprint within the Free State makes in-person access an option when handling your banking tasks.
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Bronze Winner: Wells Fargo
Wells Fargo offers a nationwide footprint, including several branches in Maryland, which makes in-person banking accessible. Wells Fargo’s access might offset some of the relatively lackluster APYs available through the bank’s savings account options. Additionally, the wide breadth of financial products could make it easy to conduct most of your money management needs under one roof.
Best For
Credit Cards
National Banks
Home Loans
Auto Loans
Investments
Everyday Banking and a Variety of Services
Wells Fargo has several banking products for everyday banking as well as options for mortgages, auto loans and credit cards. The app is user-friendly and the wide network of ATMs makes it easy to withdraw cash without paying a fee.
Total Branch Locations
Over 4,300
Mobile App Rating
4.9 on the Apple App Store and 4.8 on Google Play
Other Products Offered
Credit cards, home loans, auto loans, investments
Pros
- Extensive branch and ATM network
- Diverse product offerings
- User-friendly digital interface
Cons
- Minimum deposit requirements and monthly maintenance fees
- High overdraft fees
- Low interest rate on savings accounts
Why We Like Wells Fargo
Wells Fargo offers one-stop everyday banking and financial planning services. There are several products for consumers and accessibility to branches and ATMs.
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Best Banks
Checking Accounts
Savings Accounts
CD Account Rates
Money Market Accounts
Research Methodology
To discover the Best Banks by state, GOBankingRates analyzed the top institutions (excluding online banks and neobanks) by state branch locations. To determine rankings, GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) were weighed 0.5 times, factor (5) was weighed 2.5 times and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Nov. 8, 2024, to be considered.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of July 30, 2025.
To qualify as one of the Best Banks in the state, the institution needed at least five branch locations in the respective state, with some exceptions for larger and/or smaller states.
How To Choose the Right Bank in Maryland
Regional banks can be a good option for Maryland residents who value in-person service but prefer a more personal feel than what large national banks provide. Many regional banks in the mid-Atlantic offer a wide array of products, but it’s still important to watch out for account and service fees, which can be higher than those at online banks. While APYs may complete with national banks, they often can’t match the rates offered by online-only banks.
Here are some of the most important factors to consider when choosing the best bank for your needs in Maryland:
- Location: Regional banks only operate in certain areas of Maryland, so be sure the bank you’re interested in has a nearby location.
- Availability: Check the operating hours, including holidays, of the bank you have in mind to make sure it matches up with your needs. Marylanders often commute across state lines, so also confirm whether mobile banking and online services are reliable enough to handle your needs on the go.
- Bank health: Some regional banks in Maryland stay intentionally small to focus on local relationships. Others may be limited in growth due to financial constraints. Look into your bank’s financials to be sure it’s stable enough for long-term banking.
- Rewards and promotions: Regional banks in Maryland may offer attractive new-customer perks. Compare these offers with other banks in the state to make the most of your money.
- Account offerings: Some Maryland banks are limited in terms of their product lines, so be sure that the bank you’re considering offers everything you’ll need.
- Community engagement: Some Maryland credit unions and banks invest in the local community through education programs and outreach. If you want to work with a bank that gives back, check into their community involvement before opening an account.
Conclusion
The right bank for you will vary based on your unique situation. But, generally, some of the best Maryland checking accounts and savings accounts can be found through First National Bank of Pennsylvania, Capital One and Wells Fargo. Explore all of your options before applying for a new account today.
FAQs About Banking in Maryland
Here’s more information to help you find the best Maryland bank for your needs.- What is the best bank for high-yield savings in Maryland?
- Capital One offers some of the most attractive APYs for savers in Maryland.
- Which banks have the most ATMs in Maryland?
- Many credit unions and banks offer access to an ATM network, which allows for access to thousands of ATMs. For example, SECU, one of the largest credit unions in Maryland, offers access to a network of over 50,000 ATMs.
- Are there any banks in Maryland with no monthly fees?
- Yes, some banks offering accounts with no monthly fees in Maryland include Capital One and First National Bank of Pennsylvania.
More Resources for Banking
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Checking Accounts
Savings Accounts
CD Account Rates
Money Market Accounts
Sarah Sharkey contributed to the reporting for this article.
*Capital One interest rates accurate as of 9/11/2025. See website for all current rates.
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