Best Banks in New York
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
New York is home to some of the best banks, credit unions and financial institutions in the world. From global giants like Citi® to regional standouts such as KeyBank, the state offers both nationwide accessibility and community-focused options. Whether you’re looking for everyday checking, certificates of deposit (CDs) or high-yield savings, the Empire State’s diverse banking landscape has plenty to choose from.
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TOP NEW YORK BANKS AT A GLANCE
Bank/Institution
Savings APY
Notable Features
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Detailed Reviews of the Best Banks in New York
Here are GOBankingRates’ top picks for the best banks in New York for 2025.
Gold Winner: Citizens Bank
Citizens Bank has over 1,100 branches across 14 states in New England, the Midwest and the Mid-Atlantic States. Some top banking highlights include three checking accounts, a savings account that requires no minimum deposit and competitive CD rates. The Citizens Bank app is rated highly in both the Apple App Store and Google Play. 
Best For
Mobile App
No Minimum Deposit
Wealth Management
Loan Options
Credit Cards
The More You Save, the More You Earn
Citizens Bank stands out for its blend of nationwide reach in key regions and perks for loyal customers. Whether you're managing everyday banking, planning a major purchase or running a business, the bank's wide product lineup and personalized guidance make it a versatile choice for a variety of financial needs.
Total Branch Locations
More than 1,100
Mobile App Rating
4.7 on the Apple App Store and Google Play
Other Products Offered
Checking, savings, credit cards, home loans, student loans, wealth management, business accounts, investment management
Pros
- Many branch and ATM locations
- CitizensPlus loyalty program offers benefits for your checking account if you have a larger balance
- Complimentary personalized guidance from a Citizens Bank professional
Cons
- Low APYs for Citizens Bank's savings accounts
- High $25,000 minimum deposit requirement to get the highest CD rates, and they aren't the most competitive
- Branches aren't spread throughout the country
Why We Like Citizens Bank
Citizens Bank has a vast footprint in the New England, Mid-Atlantic and Midwest regions with more than 1,100 branches and 3,400 ATMs. The CitizensPlus loyalty program opens a lot of opportunities to save money, such as with mortgage discounts, home equity line of credit discounts, a credit card fee reduction, student loan discounts and personalized financial advice.
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Silver Winner: Citi
Citi has over 70,000 fee-free ATMs across the nation. They will sometimes offer bonus cash when you sign up for new accounts during promotional periods. You’ll also find a variety of CDs with a choice of several different terms. The app ranks high in the Apple Store and Google Play. 
Best For
Home Loans
National Banking
Investment Management
Personal Loans
Credit Cards
Earn APY on Any Balance
Citi offers several diverse products, from everyday banking to investments to personal and home loans. There are also more than 70,000 fee-free ATMs across the country.
Total Branch Locations
Over 600
Mobile App Rating
4.9 on the Apple App Store and 4.8 on Google Play
Other Products Offered
Checking, savings, investment management, credit cards, personal and home loans, CDs
Pros
- No overdraft fees
- Diverse product offerings
- Extensive ATM and branch network
Cons
- Monthly maintenance fees
- High balance requirements for fee waivers
- Limited availability of high-yield requirements
Why We Like Citi
Citi has several consumer products, a vast network of ATMs and no charges on overdraft fees.
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Bronze Winner: KeyBank
KeyBank offers thousands of ATMs across the country and has a comprehensive line of financial products. Many of the KeyBank accounts don’t require monthly maintenance fees and you can open a savings account with just $10. KeyBank also offers short-term CDs with terms of seven days to less than six months.  
Best For
Mobile Banking
Low Monthly Fees
Personal Loans
Credit Cards
Interest Checking
Low-Fee Savings and No-Fee Checking Accounts
KeyBank stands out for its impressive selection of checking and savings accounts with benefits smaller banks rarely offer. Key Select checking customers enjoy a APY plus a $100 annual bonus with qualifying direct deposits.
Total Branch Locations
Over 1,000
Mobile App Rating
4.7 on the Apple App Store and 4.6 on Google Play
Other Products Offered
Checking, savings, CDs, credit cards, personal loans and lines of credit
Pros
- Comprehensive selection of accounts
- Bonus and rewards programs
- Low- and no-fee options
- Large network of ATMs
Cons
- High fees on some accounts
- Only one interest-bearing checking account
- Branch access is limited
- High overdraft fee
Why We Like KeyBank
KeyBank offers a well-rounded selection of checking and savings accounts with perks like automatic savings, early pay and overdraft forgiveness for overdrafts of $20 or less. Customer service for online and mobile banking is available by phone seven days per week, and you can make an appointment at your local branch to meet face-to-face with a representative.
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Best Banks
Best Checking Accounts
Best Savings Accounts
Best CD Account Rates
Best 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 Sept. 2, 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 New York
When picking from the best banks in New York, think about what matters most for your financial goals and daily needs. Here are a few things to keep in mind:
- Local vs. national banks: Local banks offer personalized attention while national banks give access to branches and ATMs. Decide which is more important for you.
- Digital banking: Many New Yorkers prefer mobile and online banking for convenience. Check ratings in the Apple Store and Google Play to see how user-friendly a bank’s platform is.
- Branch and ATM access: If in-person service or a wide ATM network is important, you may want a national bank. Regional banks often have smaller networks but strong community ties.
- Fees and waivers: If you have trouble keeping up with minimum balances, then check for banks that do not require minimums. If they have minimums, see if you qualify for a waiver. 
- Community involvement: If supporting local initiatives matters to you, check the bank’s website to see how it contributes to New York communities.
Conclusion 
Choosing the right bank in New York depends on your priorities — whether it’s high APYs, local branches or mobile banking. Explore GOBankingRates’ picks for the best banks in New York and start your application today.
FAQs About Banking in New York
Here's more information to help you find the best New York bank for your needs.- What is the best bank for high-yield savings in New York?
- Citizens Bank and Citi both offer competitive savings options, with no minimum deposit requirements which make it easy to start earning interest.
- Which banks have the most ATMs in New York?
- Citi stands out with access to more than 70,000 fee-free ATMs nationwide. KeyBank also offers thousands of ATMs across the country, making cash access convenient.
- Are there any banks in New York with no monthly fees?
- KeyBank offers accounts with no monthly maintenance fees.
More Resources for Banking
Best Banks
Best Checking Accounts
Best Savings Accounts
Best CD Account Rates
Best Money Market Accounts
Caitlyn Moorhead contributed to the reporting for this article.
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