Your Best Bank, 2022

If you’re looking for better banking, see our 6th annual ranking of the best financial institutions among national banks, internet banks, and credit unions, as well as the best institutions for three customer profiles: high net worth clients, retirees and families with children.

We enlisted the help of financial data provider Curinos, which collected information about interest rates, fees, and other features at the 39 institutions we studied. To better reflect recent changes in banking policies, we added data on grace periods for overdrafts (along with other overdraft data we’ve been checking for years) and early availability of checking account funds as criteria in our rankings. Compared with previous years, we adjusted how students and senior staff members were evaluated in ratings of national banks, credit unions, and Internet banks, shifting the focus to whether institutions assigned accounts to those groups.

The interest rates listed here are as of early June. Before you commit to a bank, check their current returns. As overall rates rise, it is likely that some returns will be adjusted after our publication date.

How do we choose the best financial institutions?

Using data from Curinos, the financial data provider, as well as from financial institutions and other sources, we evaluated 13 major national and regional banks, 13 online banks (including online accounts from brokerages) and 13 credit unions. We reviewed checking accounts, savings accounts, money market deposit accounts, and certificates of deposit from each institution. We looked at interest rates. minimum deposit and balance requirements; Monthly maintenance fee and easily waived. ATM benefits, such as exempt or reimbursed fees for out-of-network withdrawals; Free or discounted benefits, such as personal checks, cashier’s checks, paper statements and overdraft protection transfers; overdraft fees and perks, such as pillows and slack periods; and online and mobile banking features, such as the availability of peer-to-peer payment services.

Data is obtained from public sources; Accuracy and completeness not guaranteed. Curinos is not responsible for reliance on data.