Best National Banks of 2024 - NerdWallet (2024)

Best national banks

Financial Institution

Savings APY

Minimum deposit to open savings

Best National Banks of 2024 - NerdWallet (1)

NerdWallet rating



Best National Banks of 2024 - NerdWallet (2)

NerdWallet rating



Best National Banks of 2024 - NerdWallet (3)

NerdWallet rating

0.01% effective as of 02/10/2023. Interest rates are variable and subject to change.


Best National Banks of 2024 - NerdWallet (4)

NerdWallet rating

4.60% with direct deposit; 1.20% without.


Best National Banks of 2024 - NerdWallet (5)

NerdWallet rating



» COMPARE: See our list of best banks and credit unions

Keep in mind that having branch access usually means paying more in fees and earning less interest. If you're curious what you'd be giving up in returns by storing your money in a brick-and-mortar bank, run your balance through our savings calculator.

National banks FAQs

What does it mean to be a national bank?

For this roundup, national banks are financial institutions with a presence in at least 15 states. This includes banks with physical branches as well as those that are online-only. Accounts at the online banks are available to people living in almost every state. For banks with branches, we considered only those that had at least 1,000 locations.

What makes big banks different from smaller banks?

Big, national banks serve more of the country than regional or community banks do. A regional bank might serve only a few neighboring states; a community bank might serve only one city within a state.

National banks tend to have more technological resources and a wider variety of products than smaller banks; on the other hand, smaller banks can offer more personalized service.

How much interest do the best big banks pay?

The best national brick-and-mortar banks don't always pay the highest interest rates on savings products. Like other brick-and-mortar banks, they might pay around the national average for savings — 0.46% — or less.

And like other online banks, the best national online banks often have higher APYs than their brick-and-mortar counterparts.

» SEE: the best high-yield online savings accounts

Are national banks better than other kinds of banks?

That depends on what you're looking for. If your biggest priority is in-person accessibility, a national, brick-and-mortar bank might be a good fit. You're more likely to find a branch no matter where you live. If you're interested in the best rates and large ATM networks, one of the best national online banks might be a good fit. Consider the pros and cons of different banking institutions in our guide to choosing a bank.

If having access to a branch when you're far from home isn't a priority and you value in-person, personalized service, a regional or community bank might be better for you.

Are the best national banks brick-and-mortar banks?

Not necessarily. Many of NerdWallet's picks for best national bank are online, because they often offer better deposit interest rates than brick-and-mortar banks do. But some brick-and-mortar banks stand out for other reasons, such as solid sign-up bonuses or customer service.

» Find out what sign-up bonuses banks are offering this month

Many online banks allow people to sign up from almost anywhere in the U.S., while most brick-and-mortar banks have some states they don't serve. For example, Chase has branches across the country but doesn’t serve all 50 states.

What makes the best national brick-and-mortar banks different from the best national online banks?

The best national brick-and-mortar banks and the best national online banks have different pros and cons. Brick-and-mortar banks are more likely to offer promotions or welcome bonuses for new accounts, while online banks are more likely to pay higher rates on savings.

While both are available to many people in the U.S., brick-and-mortar banks offer in-person accessibility. Online banks can offer large third-party ATM networks, though.

Is my money safer in a national bank vs. a regional bank (or a national credit union vs. a regional credit union)?

Your money is equally safe in any bank that's insured by the Federal Deposit Insurance Corp. As long as your bank has this protection — and most banks do — you're insured for up to $250,000 per person, per ownership category, per bank.

Similarly, your money is equally safe in any credit union that’s insured by the National Credit Union Administration. Credit unions that have this protection insure your money for up to $250,000 per person, per account, per credit union.

» Read up on FDIC insurance

What is the No. 1 bank in America?

Currently, the largest bank in America by asset size is Chase Bank. It has branches in nearly all states (there are no branches in Alaska) and about 16,000 ATMs, as well as extended hours for customer service via phone.

That doesn't necessarily mean Chase is the bank you should choose, though. Weigh its interest rates, fees and additional factors against other options in your area before making a choice.

» Learn more: How to choose a bank

Which bank is the best rated in America?

There are many ways of rating a bank, but customer satisfaction is an important one. According to the J.D. Power 2023 U.S. Retail Banking Satisfaction Study℠, Chase won in three regions, more than any other bank.

Chase is the best-rated bank for customer satisfaction in the Upper Midwest, Mid-Atlantic region and Florida, and U.S. Bank is the best-rated bank for customer satisfaction in California.

What are the top 10 banks in the United States?

According to the most recent Federal Reserve data, the top 10 retail banks in the U.S. by assets are:

  1. Chase Bank.

  2. Bank of America.

  3. Wells Fargo.

  4. Citibank.

  5. U.S. Bank.

  6. PNC Bank.

  7. Goldman Sachs.

  8. Truist Bank.

  9. Capital One.

  10. TD Bank.

These banks typically have large branch and ATM networks and offer many different products. But before signing up with one, you should consider your priorities, including interest rates and accessibility.

Which is better: Chase vs. Wells Fargo? Wells Fargo vs. Bank of America?

The best bank for you depends on which services you use the most and which bank has the most branches and ATMs nearby, so it’s worth digging into the details.

You can read more in NerdWallet’s head-to-head comparisons of the country’s biggest banks:

  • Wells Fargo vs. Chase.

  • Chase vs. Bank of America.

  • Wells Fargo vs. Bank of America.

Which national banks will pay me a bonus?

Many national banks consistently offer sign-up bonuses for new customers who open accounts. These days, it’s not unusual to find bonuses of between $100 and $200.

You can learn more about bonuses in NerdWallet’s list of the best bank promotions.

Best National Banks of 2024 - NerdWallet (2024)


Which bank gives 7% interest on savings accounts? ›

As of May 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions have high-interest checking accounts: Landmark Credit Union Premium Checking with 7.50% APY and OnPath Credit Union High Yield Checking with 7.00% APY.

Which is the No. 1 bank of the USA? ›

JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs. With generous bonuses and promotions and a variety of products, Chase is a popular choice for consumers across the country.

Where can I get 5% interest on my savings account? ›

Nationally Available High Interest Account Rates from Our Partners
Account NameAPY (Annual Percentage Yield) Accurate as of 5/1/2024Minimum Account Opening Balance
CIT Bank Platinum Savings5.05% (with $5,000 minimum balance)$100
Wealthfront Cash Account5.00%$1
Barclays Online Savings Account4.35%$0
3 more rows
Apr 23, 2024

Where can I get 6% interest on my money? ›

These 6% Checking Accounts Are Available Nationwide
  • Pelican State Credit Union - 6.05% APY on balances up to $10,000. ...
  • Credit Union of New Jersey - 6.00% APY on balances up to $25,000. ...
  • Fitness Bank - 6.00% APY on balances up to $25,000. ...
  • Orion Federal Credit Union - 6.00% APY on balances up to $10,000.
Oct 20, 2023

Which bank gives 8% interest? ›

Top 20 Scheduled Banks offering Best FD Rates
BanksHighest FD rate (% p.a.)1-year FD rate (% p.a.)
SBM Bank8.257.10
ESAF Small Finance Bank8.256.00
RBL Bank8.007.50
AU Small Finance Bank8.006.50
16 more rows

How can I earn 7% interest on my money? ›

Banks that offer 7% interest on savings accounts
  1. Landmark Credit Union Premium Checking (7.50% APY) ...
  2. Digital Credit Union Primary Savings (6.17% APY) ...
  3. Popular Direct High-Yield Savings (5.20% APY) ...
  4. TAB Bank High Yield Savings (5.27% APY) ...
  5. High-yield savings accounts. ...
  6. Certificates of deposit (CDs) ...
  7. Money market accounts (MMAs)
Mar 8, 2024

What is the most stable bank in America? ›

Summary: Safest Banks In The U.S. Of May 2024
BankForbes Advisor RatingProducts
Chase Bank5.0Checking, Savings, CDs
Bank of America4.2Checking, Savings, CDs
Wells Fargo Bank4.0Savings, checking, money market accounts, CDs
Citi®4.0Checking, savings, CDs
1 more row
Jan 29, 2024

What is the most trusted bank in us? ›

Following one of the most successful years in United's long history, United Bank has been named the Most Trustworthy Bank in America by Newsweek for 2023. Across 23 industries evaluated, United joined the list of the “Most Trustworthy Companies in America,” earning the No.

What is the strongest bank in the United States? ›

J.P. Morgan Chase is the number one bank in America in terms of total assets held, according to the Federal Reserve.

How can I get 10% interest on my money? ›

Where can I get 10 percent return on investment?
  1. Invest in stocks for the short term. ...
  2. Real estate. ...
  3. Investing in fine art. ...
  4. Starting your own business. ...
  5. Investing in wine. ...
  6. Peer-to-peer lending. ...
  7. Invest in REITs. ...
  8. Invest in gold, silver, and other precious metals.

Which bank pays the highest interest on CDs? ›

The best CD rates: our top picks*
  • EverBank: Rates up to 5.05%
  • Synchrony: Rates up to 5.25%
  • Marcus by Goldman Sachs: Rates up to 5.00%
  • MYSB Direct: Rates up to 5.20%
  • TAB Bank: Rates up to 5.27%
  • Capital One 360: Rates up to 4.80%
  • Discover: Rates up to 4.70%
  • Prime Alliance Bank: Rates up to 5.30%

How much will $10,000 make in a high yield savings account? ›

The Bankrate promise
Type of savings accountTypical APYInterest on $10,000 after 1 year
Savings account paying competitive rates5.25%$539
Savings account paying the national average0.58%$58
Savings accounts from various big brick-and-mortar banks0.01%$1
Apr 2, 2024

Where to put $10,000 for best interest? ›

A stocks and shares ISA is likely to be most suitable. That is unless you will turn 55 within 30 years, in which case a pension might be a better tax wrapper for you. If you're unsure about the time horizon, you could invest in both a pension and a stocks and shares ISA.

How long will it take to double $1000 at 6% interest? ›

This means that the investment will take about 12 years to double with a 6% fixed annual interest rate. This calculator flips the 72 rule and shows what interest rate you would need to double your investment in a set number of years.

Where can I get 12% interest on my money? ›

Where can I find a 12% interest savings account?
Bank nameAccount nameAPY
Khan Bank365-day, 18-month and 24-month Ordinary Term Savings Account12.3% to 12.8%
Khan Bank12-month, 18-month and 24-month Online Term Deposit Account12.4% to 12.9%
YieldN/AUp to 12% EarnUp to 14.5%
6 more rows
Jun 1, 2023

What bank currently has the highest savings interest rate? ›

Best High-Yield Online Savings Accounts of May 2024
  • BrioDirect High Yield Savings Account: 5.35% APY.
  • Ivy Bank High-Yield Savings Account: 5.30% APY.
  • TAB Bank High Yield Savings: 5.27% APY.
  • UFB Secure Savings: Up to 5.25% APY.
  • EverBank Performance℠ Savings: 5.15% APY.
  • Bask Interest Savings Account: 5.10% APY.

Which bank pays the highest interest on a savings account? ›

Summary: Our Top High-Yield Savings Accounts at a Glance
High-Yield Savings AccountAPY*Balance Needed to Earn Top APY
EverBank Performance Savings See Rates5.15%$0
Bask Bank Interest Savings Account See Rates5.10%$0
Zynlo Bank Tomorrow Savings See Rates5.00%$0
Milli Savings Account Learn More4.75%$0
5 more rows

Can you get 7% on a CD? ›

Right now, there aren't any financial institutions offering 7% interest on a CD. Alpena Alcona Area Credit Union, a local financial institution in Michigan, previously offered a 7.19% APY on a 7-month CD special, but that offer has ended. There are a few financial institutions with CDs paying 6% APY or more, though.

Which bank gives the maximum interest on a savings account? ›

List of Savings Accounts with Highest Interest Rates
Sr. NoSavings AccountInterest Rate
1Freo SaveUp to 7%
2Ujjivan Small Finance BankUp to 7.50% [w.e.f. 15th November, 2023]
3RBLUp to 7.50% [w.e.f. 21st August, 2023]
4Digibank by DBSUp to 7% [w.e.f. 10th October, 2023]
15 more rows


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