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Top-Rated Banks To Choose In March 2023

We ask a lot of banks. We rely on them to provide us with safe and convenient banking services. Convenience and simplicity are what we want. Many people are turning to technology to achieve their goals. We want both security and freedom. We need to find a balance between security and freedom in order to feel safe. The best banks go above and beyond when it comes to delivering these needs. The top banks strive to provide tailored services that meet individual customer needs.

Let’s talk about some of my favorite banking options. I like online banking because it offers an easy and convenient way to manage my finances. Convenient mobile and online banking is offered by the banks on this list. No matter what your banking needs are, these banks are here to help.

All of these banks are insured by the FDIC, the federal government’s insurance company that guarantees your deposits will be safe.

If you are considering another bank or credit union, make sure it is a member of the NCUA.

16 Best Banks for 2023

Here are the best banks you can open an account with today:

  1. CIT Bank
  2. Chase Bank
  3. Chime
  4. Bank of America
  5. Discover Bank
  6. Alliant Credit Union
  7. Betterment
  8. Aspiration
  9. Ally Bank
  10. CapitalOne Bank
  11. Axos Bank
  12. Charles Schwab
  13. Marcus by Goldman Sachs
  14. US Bank
  15. PNC Bank
  16. Huntington Bank

1. CIT Bank

Best Overall

CIT Bank, now a division of First Citizens Bank, is an online bank that offers good rates with no monthly service fees – and with that alone, it definitely ticks a lot of the boxes for millennials.

It is a top choice for anyone looking to earn interest on their savings because of the competitive rates. A range of other features is provided by CIT Bank.

CIT Bank operates primarily as an online bank offering checking and savings accounts, CDs, and MMAs.


  • Online Access
  • No Monthly Fees on Most Accounts
  • Competitive Interest Rates
  • ATM Fee Reimbursement


  • Limited physical branches


2. Chase Bank

Best Traditional Bank

Chase is the biggest bank in the nation, and it has an impressive lineup of checking and savings accounts, credit cards, mortgages, and investment products.

Chase is the first bank in the nation to have locations in all 48 of the contiguous United States. Chase is one of the largest banks in the United States and a leader in providing convenient banking services to its customers. Customers have access to over 16,000 ATMs.

The bank has sleek online and mobile banking features. Chase also offers eight different checking accounts, ranging from starter accounts for kids to premium interest-bearing accounts.


  • Account fees can be waived
  • Massive network of branches and ATMs
  • Often offers bonuses on new accounts
  • Highly reviewed online banking platform


  • No ATM reimbursements for basic checking account
  • Lower CD and savings rates
  • Steep monthly fees


*must setup direct deposit within 90 days to earn bonus cash.

3. Chime

Best Bank for Millennials

Chime offers another streamlined banking option for millennials looking for convenience and flexibility.

Chime suggests rounding up checking transactions and depositing the difference in savings. Saving is easy and pain-free because of this. You can program your account to save money. This is a great way to make sure that you are saving money on a regular basis.

They recently promoted a significant increase in their high-yield savings account and it’s definitely competitive with other banks.

Chime doesn’t charge overdrafts and the bank doesn’t allow them if the money isn’t in your account. Chime can help you stay on top of your spending.


  • Competitive high-yield savings interest rate
  • Solid app and text alerts
  • No fees of any kind
  • More open to applicants with lower credit


  • Cash and check deposits can be difficult


4. Bank of America

Best Sign-Up Bonus

Similar to Chase, Bank of America is a major national bank, touting more than 4,000 locations and 16,000 ATMS.

There are dozens of investment, lending, business, and personal banking products to choose from. With competitive rates and secure online banking, you can manage your finances conveniently and confidently. Bank of America’s interest rates don’t stack up to the competition of online banks, but its user experience does. Bank of America has a wide range of products and services to meet the needs of its customers.

The Better Business Bureau has customer reviews on the bank and its app. Overall, customers have had a positive experience using the bank and its app, which has led to its high ratings across various third-party sites.

Bank of America also stands out for its signup bonus on new checking accounts. When you receive $1,000 of direct deposits within 90 days of opening your account, you can earn a $100 signup bonus. There is no minimum balance requirement to maintain the account.


  • Accessible customer service
  • Solid mobile app and banking tools
  • Compatible with Zelle
  • Reduced overdraft fee of $10


  • Less competitive APY than online banks
  • Monthly maintenance fee

5. Discover Bank

Best for Cash Back

Discover Bank uses Ally Bank’s low-fee, high-interest approach, and I like Discover’s 1-percent cash back option when you use your checking account.

If you use the debit card associated with your checking account, you could get up to $30 a month in cash back. There are no fees associated with the debit card, so you won’t have to worry about any hidden costs. If you spend the money, you can claim the automatic reward which has no service fees. You can use this reward to save money on future purchases, making it a great investment for your wallet.

Direct the 1 percent cash back into savings. You can use the money to build an emergency fund or save for a big purchase. Discover Bank has good savings rates. Discover Bank has a wide selection of financial products. You can save an extra $360, plus interest, a year if you max out the reward.

Discover Bank allows account holders to use Allpoint and MoneyPass. Discover Bank will not charge you any ATM fees when you use their ATMs. Every bank on this list has an app and mobile deposit options. The mobile deposit feature on the bank’s app allows customers to conveniently manage their finances on-the-go.


  • Simple account options
  • 1-percent cash back on debit card transactions
  • 24/7 customer service even on social media


  • $30 overdraft fee
  • Can’t deposit cash


6. Alliant Credit Union

Best Credit Union

If you are looking for a credit union, Alliant is the best choice.

Anyone can join with a $5 donation to FosterCare to Success, even if they are not a member of the credit union. The tax-deductible donation helps foster youth transition to successful adulthood.

There are a lot of credit cards, loans, checking and savings accounts. No matter what your financial goals may be, you can find a financial product to fit your needs. $20 of monthly ATM fee reimbursements is given to account holders.

Alliant has a competitive APY on checking accounts, savings accounts, and CDs. You can get loans and investments from Alliant to help you manage your finances. There are low minimum deposit requirements and minimal fees in these accounts. Investments and tools that can help you build wealth can be found in these accounts.


  • Competitive interest rates
  • Easy membership requirements
  • Large ATM network and fee reimbursements
  • No overdraft fees


  • Doesn’t have physical branches
  • Customer service gets mixed reviews


7. Betterment

Best Bank for Robo-Investors

I have been looking forward to this for a while. Betterment, the innovative robo-advisor, has now officially launched Betterment Checking.

Money can be moved back and forth in and out of your account. It’s a safe and secure way to manage your investments. It’s no longer necessary to wait a couple of days for money to be transferred. The process has become more reliable with the advent of new digital technologies.

Betterment Bank is a solid choice even if you don’t use Betterment.


  • No monthly fees
  • Mobile-first design
  • ATM fees reimbursed worldwide
  • No minimum balance required
  • No overdraft fees


  • No branches
  • No cash deposits
  • Bank can pull from your investment account if you overdraw checking


8. Aspiration

Best for Rewards Checking

Aspiration offers a lot: an interest-earning checking account with no fees and a cashback rewards program attached to your checking account. They donate 10 percent of their profits to charities, and reimburse one out-of-network fee per month.

So why didn’t Is aspiration higher on this list? It helps to break down the overall goal and track towards it if you set realistic, achievable goals. The company has grown quickly over the past few years and customer service has been an issue. To improve response times, the company has implemented a customer service system.

It is more difficult to give an unqualified recommendation. Before making a decision, it is important to consider the pros and cons. Aspiration is worth a closer look if you don’t anticipate needing to call for help very often. It’s an excellent option for people who don’t want to pay traditional banking fees.


  • Up to 10% cashback on debit card transactions
  • APY up to 5%
  • No fees
  • Solid mobile app
  • Great savings rate (for customers who deposit every month)


  • Potential for customer service delays
  • Does not offer CDs
  • No cash deposits
  • The debit card doesn’t always work internationally


9. Ally Bank

Best Bank for Customer Service

I like online banks because they can pay higher-than-average interest on your savings account and sometimes even on your checking account. You can find a wide variety of services and tools at online banks.

Ally Bank sets a high standard for online banks. Ally has great savings rates, low fees, and a wide variety of account options. Ally has a variety of digital tools to help customers manage their accounts.

It is easier to find higher interest rates at other online-only banks than it is at Ally. Ally has an exceptional customer service experience that makes banking with them enjoyable.

You can either use the bank’s app or Allpoint ATM fee-free. Fee-free ATMs are offered by the Allpoint ATM network. If you use another bank’s Ally will pay the bank’s ATM fees up to $10 a month.


  • Variety of accounts
  • Low fees on standard checking
  • 24/7 customer service


  • No physical branches
  • Can’t deposit cash

10. CapitalOne Bank

Best Online Bank

CapitalOne Bank offers a hybrid approach: It’s an online bank with around 350 brick-and-mortar branches.

If you don’t live near a branch, that’s OK: You’ll still get one of the best online banking experiences out there, including customer service via chat or Twitter and nice budgeting tools.

CapitalOne is betting that you won’t need to use an ATM since its online tools perform so well. The bank has over 39,000 Allpoint ATMs across the country.

CapitalOne has interest rates that are higher than the national average. CapitalOne is a great choice for people who want to maximize their savings returns. The savings rates of the bank can be beaten. It’s a good idea to shop around to find the best rates. CapitalOne can beat most other banks when it comes to certificates of deposit. It is important to compare the interest rates of various banks before you commit to a certificate of deposit, so you can ensure that you’re getting the best possible return.


  • 70,000+ fee-free ATMs
  • Great CD rates
  • A great option for small businesses
  • Occasional bonuses for opening money market savings accounts


  • Online-only banks can offer better savings rates
  • Only has branches in 9 states

11. Axos Bank

Best Variety of Checking Accounts

Formerly the Bank of Internet USA, Axos is another of our favorite online banks.

It is not possible to go to a physical branch to meet with a representative. You can use the bank’s virtual chat assistant. Check your account balance, make payments, and more are some of the things that Evo can help you with.

Our list of business checking accounts features an impressive suite of business banking products from Axos. It’s a great choice for businesses looking for a reliable banking partner, because Axos is committed to providing exceptional customer service.

We like that Axos has checking accounts that meet a range of needs. The perfect option for anyone looking for an easy and convenient way to manage their finances is Axos’ checking accounts, which are tailored to provide a variety of features depending on the customer’s needs. You can choose from a kid’s account, essential checking account with two-day pay advances, rewards checking, and an account for seniors ages 55 and older.


  • Competitive checking rates
  • Over 90,000 ATMs and reimbursements
  • No monthly account fee
  • Highly rated app


  • $250 opening minimum balance for savings
  • Mediocre CD rates

12. Charles Schwab

Best for Minimal Fees

Charles Schwab is arguably known best for its investment products, but that’s not all it has to offer.

High-yield Investor Checking and Savings accounts are offered by the bank. Competitive interest rates and exclusive banking benefits can be found in the bank’s High-yield Investor Checking and Savings accounts. You can manage your bank accounts and investments in one place with these accounts. The interest on these accounts is not as high as online banks.

The cake is for the lack of fees. The go-to choice for investors who want to save on trading costs is Schwab. Most banks charge foreign transaction fees, but they don’t. Cash back on certain purchases is one of the great rewards that come with their debit cards. There are no account minimums or monthly management fees at the bank. It is easy to see why the bank has become a popular choice among customers looking for an affordable banking solution.

You can get unlimited rebates for ATM fees. You can access your account with online and mobile banking. Most banks cap reimbursements. It’s important that you don’t spend more than you’re comfortable losing.


  • Unlimited ATM fee reimbursements
  • No minimum opening deposit
  • No monthly account fee
  • High J.D. Power customer satisfaction ratings


  • Limited physical locations
  • Less competitive savings rates

13. Marcus by Goldman Sachs

Best for Rewards Savings

Goldman is a well-known name on Wall Street. It also offers personal banking products. Its personal banking products are tailored to meet the needs of its clients, providing them with a secure and convenient banking experience.

Most banks on this list offer checking, but Sachs doesn’t. While you can’t open a checking account with Marcus, you can sign up for a CD or savings account. There are no fees, no minimum balance requirements, and a competitive interest rate on the Marcus CD.

The savings rate is low. The current savings rate could be an opportunity to save more money in the future. There are no account fees or minimum deposit requirements. There are no hidden fees in this account and it is an excellent way to grow your savings. Its CD rates are always competitive. The bank’s rates will remain attractive over time.

Marcus doesn’t have physical locations, but its app is easy to use. The online application process makes it easy to open an account with Marcus.


  • Competitive savings and CD rates
  • No minimum opening deposit
  • Allows up to $100,000 in transfers
  • Highly reviewed mobile app


  • No checking account
  • No mobile check deposits

14. U.S. Bank

Best Mobile App

U.S. The bank has more than 2,700 branches in 25 states. Bank is an industry leader in terms of product innovation, offering customers a range of services to meet their financial needs. It offers the best of both worlds, with the accessibility of a traditional bank and the technology of an online bank. This makes it easier to manage your finances.

U.S. The bank’s app is highly rated, thanks to its Smart Assistant, an artificial intelligence tool that you can type or talk to when you have questions that need quick answers or you want to carry out tasks like paying off your credit card balance. You can get help when you need it the most with the Smart Assistant.

US Bank has a wide range of commercial, small business, and personal banking products. US Bank offers a wide range of services, such as financial planning and wealth management.

CDs stand out the most. The quality of the music in its CDs is exceptional, making them stand out from the rest. You can find more competitive rates in the U.S. U.S. Bank is an excellent choice for those looking for a reliable banking partner. There are many short-term CD options and CD specials at the bank. If you want to take advantage of these CD specials, you need to act quickly.


  • 24/7 phone support
  • Excellent mobile app
  • Over 2,700 physical branches
  • Versatile CD options


  • Difficult to waive account fees
  • Less competitive savings rates


15. PNC Bank

Best East Coast Bank

The bank has a traditional approach to banking. It has a wide range of products and services to meet the needs of both individuals and businesses. The bank pioneered online banking in the early years of the century. This innovation in banking technology has allowed customers to securely access their accounts 24/7.

The Virtual Wallet app gives real-time, visual analysis of your accounts while also giving customers access to some nice budgeting tools. It helps customers make better financial decisions and keep track of their money.

There are branded ATMs and branches throughout the East Coast market. convenience features such as online banking and mobile banking make it easier to access your finances from any location.

Monthly fees are similar to a traditional bank, but you can avoid them by maintaining a combined $500 balance. Online banking and mobile banking are some of the same services that a traditional bank offers.

The convenience of an online bank does not mean that it can compete with online-only banks for high-yield savings rates. Competitive interest rates can be found on a variety of financial products.


  • Virtual Wallet a pioneer in online and mobile banking
  • Wide network of branded ATMs and branches
  • Wide variety of banking products and loans


  • High overdraft fees of $36 up to four times a day
  • Monthly fees can not be easily waived

16. Huntington Bank

Best Bank for the Midwest Region

Younger customers are looking for higher interest on savings and Huntington Bank has a growing presence in the Midwest.

Huntington pays out a good interest rate on its Money Market accounts, which is better than some online banks. Adding convenience and security to banking with a physical network adds to the already competitive interest rate offered by Huntington. Of course, along with better-than-average interest on savings, the bank also offers a full online experience and an impressive array of loans, checking accounts, and budgeting tools.

You won’t find a There is a Huntington Bank branch in the Midwest. A new branch in a different part of the country is one of the ways the Huntington Bank is looking to expand its services. You can have a checking account with no fees or excessive overdraft policies within that region. You’ll be able to use online and mobile banking services with ease, making managing your money even simpler.

Huntington offers a 24 hour grace period for most overdraft charges, giving you time to make a deposit before facing a cascade of insufficient funds fees. It’s important to make a deposit as soon as possible in order to avoid the fees.

You will pay up to three times per day if you incur an overdraft fee. It’s important to keep track of your bank account balance.


  • Competitive savings rate on Money Market accounts
  • Strong presence within its region
  • Low/no fees on basic checking accounts


  • Physical branches in only 8 states
  • Extended overdraft fees ($25 every 5 days account is overdrawn)

Frequently Asked Questions

Should I choose a brick-and-mortar bank or an online bank?

It depends. If you prefer the convenience of banking on the go and want the highest interest rates and lowest fees, an online bank is your best bet. Online banks offer higher interest rates because they don’t have the overhead costs associated with running physical branches.

If you prefer to do business in person at a local bank, a traditional brick-and-mortar bank is more appropriate. When dealing with complex banking issues, face-to-face customer service can be beneficial. If you need to make cash deposits frequently, this is a better option.

What is the number one bank in America?

The largest bank in the US is JP Morgan Chase. A leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity, the bank has more than 240,000 employees around the world. It is one of the highest-recommended banks. It’s a great choice for people looking for a full-service bank.

Are there banks for freelancers?

Yes, there are some really great banks out there that cater to freelancers and their specific financial needs.

How do I choose a bank?

Follow these steps to choose the right bank:

  1. Consider the type of account you need. It’s important to research different banks and financial institutions to find out which account is best for you.
  2. There are pros and cons to online and traditional banks. It is important to consider all of the factors before making a decision so that you can find the best option for you.
  3. Fees and account minimums should be paid attention to. It’s important to be aware of the fees and account minimums that can affect your investment performance.
  4. You can check out account features.
  5. There are interest-bearing accounts. Take into account the fees associated with each account in order to get the best rate.
  6. The digital banking experience should be taken into account. Digital banking offers convenience and flexibility that can greatly enhance the customer experience.
  7. The bank has a reputation. Before making any decisions, do some research to make sure the bank is trustworthy.
  8. Read customer reviews.
  9. Before opening an account, read the fine print. Before you sign up, make sure you understand the fees and charges associated with the account.

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