The Best Regional Banks in the East North Central States

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The East North Central part of the United States encompasses the Midwest’s Great Lakes region and is home to the states of Michigan, Wisconsin, Illinois, Indiana and Ohio. It stands out as one of the rare sections of the country where not a single top 10 best bank or credit union is a local institution exclusive to the region. Those that did make the list range from regional names with fewer than three dozen branches to some of the biggest banks in the world.

GOBankingRates’ Top Picks: Best Regional Banks of 2022
More: Best National Banks of 2022

In the East North Central region of America, 10 banks and credit unions stand out above the rest. To identify them, GOBankingRates examined factors like each bank’s service and product lines, which include credit cards, investment services, mortgage and vehicle loans and insurance.

The most important elements, however, were the number of branch locations, each bank’s checking fees and their current APY for both savings and 12-month CDs. Those four primary factors are listed in the rankings below. The list also factored in Apple and Android reviews for each bank’s app and whether or not they offer 24-hour customer service and human live chat.

A Better Way to Bank

Read on to discover the top 10 banks and credit unions in the East North Central region of America.

JP Morgan Chase

  • Branch locations: 4,960
  • Checking fee: $12
  • Savings APY: 0.01%
  • 12-month CD APY: 0.02%

Read more about this financial institution in our full review about it.

Learn: One-Third of People Have $100 or Less in Their Checking Accounts, Survey Shows — Here’s How Much Experts Say You Should Actually Have

Navy Federal Credit Union

  • Branch locations: 298
  • Checking fee: $0
  • Savings APY: 0.25%
  • 12-month CD APY: 0.55%

Read more about this financial institution in our full review about it.

Bank of America

  • Branch locations: 4,215
  • Checking fee: $12
  • Savings APY: 0.01%
  • 12-month CD APY: 0.03%

Read more about this financial institution in our full review about it.

Get Going: 6 Steps You Should Take To Increase Your Financial Confidence

Wells Fargo

  • Branch locations: 5,024
  • Checking fee: $10
  • Savings APY: 0.01%
  • 12-month CD APY: 0.01%

Read more about this financial institution in our full review about it.

American Airlines Credit Union

  • Branch locations: 38
  • Checking fee: $4.75
  • Savings APY: 0.40%
  • 12-month CD APY: 0.50%

Read more about this financial institution in our full review about it.

A Better Way to Bank

Helpful: 50 Easy Things You Should Do To Save Money

KeyBank

  • Branch locations: 1,046
  • Checking fee: $0
  • Savings APY: 0.01%
  • 12-month CD APY: 0.05%

Read more about this financial institution in our full review about it.

Wings Financial

  • Branch locations: 31
  • Checking fee: $0
  • Savings APY: 0.15%
  • 12-month CD APY: 0.45%

Read more about this financial institution in our full review about it.

Control Your Money: 35 Useless Expenses You Need To Slash From Your Budget Now

Fifth Third Bank

  • Branch locations: 1,110
  • Checking fee: $0
  • Savings APY: 0.01%
  • 12-month CD APY: 0.01%

Read more about this financial institution in our full review about it.

U.S. Bank

  • Branch locations: 2,319
  • Checking fee: $6.95
  • Savings APY: 0.01%
  • 12-month CD APY: 0.05%

Read more about this financial institution in our full review about it.

Psychology: 16 Effective Ways To Trick Yourself Into Saving Money

Citizens Equity First

  • Branch locations: 33
  • Checking fee: $0
  • Savings APY: 0.05%
  • 12-month CD APY: 0.25%

Read more about this financial institution in our full review about it.

More From GOBankingRates

A Better Way to Bank

Methodology: To discover the Top 100 Best Banks, GOBankingRates looked at all institutions with available published data (National, Regional, Local, and Online) from the 2021 Best Banks categories as well as all Credit Unions with over $1 billion in total assets and accessible to a wide audience. GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC and NCUA; (2) number of branch locations as sourced from the FDIC and NCUA; (3) checking account annual fee; (4) savings account APY rate; (5) 12-month CD APY rate; (6) customer service products offered (24/7 customer service and live chat with a human); (7) Bauer rating (out of 5 stars); (8) products/services offered (auto loans, mortgage loans, credit cards, investment services, and insurance); and (9) the average mobile app rating between the android and apple stores. All factors were then scored and combined, with the lowest score being best. Factors (1) and (4) were weighted 1.5 times in final scoring, factor (2) was weighted 2 times, factor (6) was weighted 0.5 times, and factor (8) was weighted 2.5 times. For all Savings and Checking Account data only the basic accounts/products offered at each institution was analyzed. All data is up to date as of 12/8/21, rates and fees subject to change.

Editorial Note: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.

About the Author

Andrew Lisa has been writing professionally since 2001. An award-winning writer, Andrew was formerly one of the youngest nationally distributed columnists for the largest newspaper syndicate in the country, the Gannett News Service. He worked as the business section editor for amNewYork, the most widely distributed newspaper in Manhattan, and worked as a copy editor for TheStreet.com, a financial publication in the heart of Wall Street's investment community in New York City.

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