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Whether you’re looking for a high savings account interest rate, an affordable mortgage, comprehensive banking services, a bank loan with low loan rates, or a checking account with the best interest rates from a bank in Florida, you’ll find it here in the GOBankingRates list of best Florida banks.
GOBankingRates selected the top banks in Florida based on the number of branches, checking account fees, savings account interest rates and available products. Find out what each bank has to offer to see if there’s one that’s worth a second look.
To help people choose the best Florida credit unions and banks, GOBankingRates evaluated banks based on:
Customer service
Account fees
Savings account and CD yields
Overall financial strength
All of the best Florida banks and credit unions excel when it comes to service, competitive rates, low fees and significant assets. One of these institutions might be the right bank for you:
Amerant
Where It Is Located: Headquartered in Coral Gables with branches throughout the greater Miami and Fort Lauderdale areas
Why Consumers Like It: Friendly service, local expertise and digital services
Products Offered: Checking, savings, loans, credit cards, business banking and wealth management services
Benefits:
Personal service
Referral bonuses
Rewards for having multiple products
Drawbacks:
Relatively limited service area
Fees:
$5 per month for Value Checking (can be waived if you enroll in online statements)
$15 per month for Interest Checking (can be waived with a $2,500 average balance per statement cycle)
$35 per month for Relationship Interest Checking (can be waived with a $50,000 combined balance across accounts and monthly direct deposit or 10 transactions per cycle)
Choosing the right bank for you is simple once you review a few different points of reference. Low fees are an obvious draw, and higher-yields for your checking and savings accounts will also be a great indicator that you’ll enjoy banking with that institution. Look for generous account offerings or rewards and promotions. Those can indicate the institution has a strong financial health standing, which is important for long-term assurance.
If you aren’t ready to do all your banking online and prefer a personal touch, be sure the bank you’re considering has branch locations near you. Similarly, search the bank’s ATM locations — you’ll want at least one nearby for convenience.
When you’re not concerned with fees and you know your money is earning interest in a healthy financial institution, you can spend your time on things that will help grow your worth, like advancing your investment portfolio.
Rates and fees are accurate as of April 3, 2020, and subject to change.
This article has been updated with additional reporting since its original publication.
This content is not provided by the financial institutions mentioned. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by the financial institutions.
GOBankingRates bases its assessment of “best” and “top” products on the above-stated parameters to create a baseline for comparison. This assessment is an approximation of “best” and “top” designed to help consumers find products that might be appropriate for them. There could be other options available as well. Consumers should consider various options appropriate for their circumstances.
Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Chase.
