Best 10 National Banks In America for 2022 | Good Financial Cents (2023)

Everyone needs a safe place to stash their money, instead of burying it in the backyard (or worse, under your mattress).

If you’re looking for a new bank, you have hundreds of options to choose from, but every year, it seems like there are more banks who enter the market.

And we know, every bank is different. All of them are going to have different account options, financial products, and benefits.

Who do you choose? Let’s break down our complete list.

Best National Banks in 2022

  1. CIT Bank
  2. BBVA
  3. Ally Bank
  4. Huntington
  5. Citibank
  6. PNC
  7. Bank of America
  8. TD Bank
  9. Wells Fargo
  10. TIAA Bank

There were several factors which went into creating the list of best banks, like the number of branches, fees, financial products, customer service, interest rates, and much more.

One important caveat to understand while you’re looking through my list is these banks tend to be the most popular, but they may not be the best choice for you and your money.

CIT Bank – Best Savings Rates

Best 10 National Banks In America for 2022 | Good Financial Cents (1)

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  • Great interest rates, and options for money market and CD accounts

Make the Smart Choice for Your Savings

CIT Bank is consistently one of the top banks when it comes to interest rates for savings, money market, and CD accounts.

They offer very flexible options for CDs and have an 11-month no-penalty CD at 2.15% APY that lets you make withdrawals after having the account for one week.

Where they are not as good is for checking accounts. In fact, they don’t even offer a checking account.

If you only need to have a minor number of transactions, the CIT Bank money market accounts do offer six free transactions monthly. For simple budgets and people that use a lot of cash, this might work.

However, if you are looking to consistently have the highest interest rates on your money, CIT Bank is going to be there every time. Learn more in our in-depth CIT Bank review.

BBVA – Best Money Market Rates

Best 10 National Banks In America for 2022 | Good Financial Cents (2)

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  • Check out the money market account, free checking account, and CD offers.

Creating Opportunities

BBVA is not the most well-known bank on our list, but you shouldn’t count them out of the search. Some reasons I include them at the top of my list is because of their money market account, free checking account and their CD.

BBVA (formerly BBVA Compass) has a 12-month CD which has a 0.30% APY right now. Their free checking account has a $25 fee to open, but they have no ATM fees at BBVA ATMs and no monthly service charge.

One additional benefit is you can open aBBVA account online. It’s quick and easy, as is managing your account. With BBVA Wallet, you can track your purchases, activate new cards, make payments, report your card stolen, change its pin, and access rewards for your spending, all through the app.

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Ally Bank – Great All Around Online Bank

Because of their recent advertising push, you’ve probably heard of Ally Bank, but you may not know they are one of the best internet banks on the market. Their rates are one of the most important reasons they stand out from the competition.

They only have 3 account options to choose from:

  1. Ally Interest Checking
  2. Ally Online Savings
  3. Ally Money Market

With their Online Savings Account, you can get an APY of 2.10% on all balance tiers, which is much higher than a traditional bank.

Other benefits of their online savings account are no balance minimums or maintenance fees.

We cover more reasons in our Ally Bank review, but as long as you don’t mind not having any physical branches to go in, or require a face-to-face meeting, Ally is an excellent option for anyone shopping around for a new bank.


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  • Best for Range of Coverage

While Huntington may be less widely known, it’s services and banking products are top-notch.

Huntington offers banking, borrowing, investing, and insurance products for personal banking, alongside a number of commercial and business options.

Huntington stands out for its low fees, excellent customer experience, and rewarding CD accounts.

The Huntington Asterisk-Free Checking account is worth considering. While it doesn’t accrue interest, the account is completely fee-free.

If you’re looking for a return, you might want to take advantage of Huntington 5 Checking, which comes with low and easy to avoid fees and APY.

Likewise, their savings accounts come with easily avoidable fees and reasonable interest.


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  • Excellent choice for anyone who has large investment accounts, a lot of savings, or has a loan or credit card already through Citi

Let’s Get It Right

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Unlike some of the other banks on our list, Citi has a specific niche which they specialize in. Citibank is an excellent choice for anyone who has large investment accounts, a lot of savings or has a loan or credit card already through Citi.

Citi offers bonuses for opening accounts, but there are some lofty requirements you’ll have to meet first.

If you want to secure their $300 bonus, you have to deposit at least $15,000 in a Citibank Account package, or you can get their $500 bonus by putting at least $50,000 in a Citi Priority Account Package.

The more you use your Citi credit card and services, you’ll earn ThankYou Points. These are a part of their reward system, and you can use those points to redeem for gift cards, to shop, cash in on flights, and much more.

With the Citi Private Pass, you can even earn advanced premier access to sporting events and concerts. If you have a Citi ThankYou Premier Card or a Citi Prestige Card, your points are going to be worth more.

Start an Account with Citibank

PNC Bank

PNC’s financial tools have solidified it as one of the best banks in the nation.

PNC has a nifty tool they call Virtual Wallet, and it’s one of the best banking tools out there. With the virtual wallet, you’ll get a lot of useful benefits, like having your accounts divided into three categories:

  • Spend
  • Reserve
  • Growth

This tool can give you a unique view of your money and help you understand your finances. Virtual Wallet often comes with limited time promotions where you earn automatically for using the service.

The money in the reserve portion can be used for short-term savings and has free overdraft protection. The growth category is used for larger savings. With the Virtual Wallet, you’ll also be able to create budgets, take advantage of their bill calendar, and much more.

One thing to note with PNC is they have a $7 monthly fee you can avoid if you have a combined $500 in spend and reserve categories or you have at least $500 directly deposited to your spend category every month.

Start an Account with PNC Bank

Bank of America

Bank of America is one of the biggest banks on our list. Bank of America has around 4,500 branches across the United States, which means regardless of where you live, there is a Bank of America location near you.

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The reason they made it on my list is because of their customer service. They have call centers which are open every weekday at 8 a.m. to 11 p.m., and on the weekends from 8 to 8. Not only can you call them if you have any questions, but you can also reach them on Twitter or through chat online.

Bank of America also has a helpful Mobile Banking app which allows you to set notifications for the account activities you choose, like unusual card activity or insufficient funds.

If you want a bank that’s always available (and has lots of ATMs), Bank of America is an excellent choice.

TD Bank

If you want a straightforward checking account and great customer service, then TD Bank is the place to go.

They have three main types of checking account you can choose from. Their TD Simple is exactly what it sounds like, a simple checking account with no minimum balance. Their TD Premier is an account which earns interest if you have a balance of more than $2,500 and gives you access to free ATMs everywhere you go.

TD also offers customers a number of services like personal and home loans. One of the unique benefits of TD Bank is for those who travel.

TD Bank has no foreign debit card fees. Additionally, if you travel to Canada often, you can use TD Canada Trust ATMs with no additional fees.

If you’re traveling for business or pleasure, TD Bank is going to be one of the best banks for you.

Start an account with TD Bank

Wells Fargo

There are several publications or organizations who have deemed Wells Fargo the “Best Bank.” In fact, they won GOBankinRates’ best bank survey two years in a row. They have been around for over 150 years, which means they have had a while to perfect their business.

One area in which Wells Fargo shines is their fees and balances.

To open an account, you will only need an initial deposit of $25 or $50. Their monthly fees are as low as $5 (some accounts have higher rates at $30, but those are the higher accounts).

Aside from their fees, another reason so many people love Wells Fargo is due to how many ATMs and locations they have.

They have 12,000 ATMs across the U.S. and over 6,500 branches you can walk into. This is more than just about every other national bank.

If you want access to most locations and access points, look no further than Wells Fargo.

Start an account with Wells Fargo

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TIAA Bank – Best Investment Bank

Some people want more from their bank than just a place to stash money. If you want to invest some of the money in your bank, TIAA, formerly Everbank, has got you covered. They have some of the best CD rates on the market.

They have three different CDs, a Basic CD, Bump Rate CD, and their Yield Pledge CD.

Each of them is slightly different in the way they operate and their benefits. Their basic CD can be opened with $1,000, while their premier Yield Pledge CD requires a $5,000 initial deposit. Bump rate CDs, one of their standout investment offerings, allows you to bump up your interest rate one time when TIAA’s interest increases.

Start an account with TIAA

SunTrust – Best Bank For Students

There are a lot of banks out there offering student accounts, but they aren’t created equally.

SunTrust has one of the best accounts for students. As long as you’re a high school student (or your child is), then you won’t pay any monthly fees.

These accounts offer online banking with bill pay, mobile banking, account balance alerts, and much more.

Students are always on the run, and this account understands. SunTrust makes it easy to teach your child the importance of banking.

Start an account with SunTrust


The reason for picking Chase is obvious: bonuses!

Chase is the largest bank in the nation based on asset size. One way they attract a lot of new customers is by offering sign up bonuses.

If you decide to open up a new checking account at Chase, you could earn up to $200. With a savings account, you’ll pocket $150.

Qualifying for the bonuses is straightforward. All you have to do is set up a Chase Total Checking account and set up a direct deposit. For the Chase Savings account, deposit $10,000 – within 20 business days – and maintain the balance for 90 days, and then you’ll earn the $150 bonus check.

Chase also offers credit scores, investment tools, home lending, auto loans, and savings and CDs. Bottom line, you can score all those bonus points and manage most of your financial needs with Chase, all in one place.


Barclays Bank has been around a long time. Founded in 1690, the British Bank is still going strong, and there is good reason for that.

Though founded in Great Britian, Barclays is a world-wide bank with impressive offerings from credit cards to corporate and investment banking and wealth management.

One of the best offerings from Barclays is their online savings account, which currently offers 3.00% APY.

Barclays operates as a pure savings platform. This means they don’t offer some traditional banking features such as consumer laons and checking accounts. But, that doesn’t keep over 45 million customers from utilizing their other products.

When you bank with Barclays, you bank with peace of mind and stability that comes from centuries of consistency.

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Which Bank Is Best For YOU?

Every person is different, and everyone has different banking needs.

I can’t say these 7 banks (plus some) are going to be the best option for you, but they are a great place to start. There are thousands of banks out there, and hopefully, my research has given you a place to start your own.


What is the most financially stable bank in the US? ›

The Safest Banks in the U.S.
  • Wells Fargo.
  • JPMorgan Chase.
  • U.S. Bank.
  • PNC Bank.
  • Citibank.
  • Capital One.
  • M&T Bank Corporation.
  • AgriBank.
9 Oct 2022

Who is the number 1 bank in America? ›

JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $2.87 trillion.

Which bank is best for high net worth individuals? ›

  • Union Bank Private Advantage Checking Account. The Union Bank Private Advantage checking account is available exclusively to Private Bank clients. ...
  • Morgan Stanley CashPlus. ...
  • TD Bank Private Banking. ...
  • Truist Wealth Checking. ...
  • BNY Mellon Cash Management Access Account. ...
  • Chase Private Client. ...
  • Bottom Line.

Which bank has best security? ›

Safest Banks in the U.S.
  • JPMorgan Chase: Best for protecting against unauthorized access.
  • Capital One: Best for 24-hour-a-day monitoring.
  • Wells Fargo: Best for suspicious activity alerts.
  • U.S. Bank: Best for number of authentication options.
  • PNC Bank: Best for adding optional security.
25 Mar 2022

What is the safest bank to put your money in the world? ›

Singapore banks are some of the safest banks in the world; their skyline screams banking unlike any other. Singapore is undeniably our favorite place to bank here at Nomad Capitalist. It is home to some of the world's best offshore banks.

What is the most powerful bank in America? ›

Chase, part of JPMorgan Chase & Co., is the largest bank by asset size in the U.S., including deposits from checking and savings and other accounts, plus loans, mortgages and more. It has $2.57 trillion in assets, according to the latest information from the Federal Reserve.

Which bank has the best customer satisfaction? ›

PNC, TD Bank, JPMorgan Chase, and U.S. Bank followed, while Citibank, Bank of America, Truist, and Wells Fargo received scores below the industry average of 652 points.
Customer satisfaction with largest retail banks in the United States in 2021.
CharacteristicCustomer rating on a scale from 0 to 1,000
9 more rows
30 May 2022

What is the strongest US bank? ›

1. JPMorgan Chase. Chase Bank is the consumer banking division of JPMorgan Chase.

Which bank do billionaires use in USA? ›

Wells Fargo (Private Bank)

The Wells Fargo Private Bank is a financial service for high-net-worth individuals that demand customized financial solutions. The bank has a team-based approach in place, which means that the millionaires bank account will be managed by the entire staff.

Which state has a Best bank in USA? ›

Best States for Banking In 2022
  • Rising interest rates. In addition to stability, the banking environment benefited from a rise in the interest rates available to consumers. ...
  • Texas. ...
  • 2. California. ...
  • Illinois. ...
  • Ohio. ...
  • Florida. ...
  • (tie) Kansas. ...
  • (tie) New York.
15 May 2022

Which bank has branches in all 50 states? ›

At the moment, there are no banks that operate branch locations in all 50 states.

What bank does Bill Gates use? ›

Cascade Investment
FounderBill Gates
HeadquartersKirkland, Washington , United States
Key peopleBill Gates (Chairman) Michael Larson (CIO)
5 more rows

Where do rich people keep their money? ›

For more than 200 years, investing in real estate has been the most popular investment for millionaires to keep their money. During all these years, real estate investments have been the primary way millionaires have had of making and keeping their wealth.

Where do millionaires invest their money? ›

With time, this alternative might work for you. Mutual funds and stocks are the most common options that some millionaires and billionaires go through first. Once they're in a stable position, they often buy property to diversify their portfolio and increase their wealth through real estate investment.

What is the safest place to keep your money? ›

Certificates of deposit (CDs) issued by banks and credit unions also carry deposit insurance. U.S. government securities–such as Treasury notes, bills, and bonds–have historically been considered extremely safe because the U.S. government has never defaulted on its debt.

What is the most trusted bank in the world? ›

World's safest banks
2Zürcher KantonalbankSwitzerland
3Landwirtschaftliche RentenbankGermany
6 more rows

Should I keep all my money in one bank? ›

Keeping all of your money at one bank can be convenient and is generally safe. However, if your account balances exceed the deposit limit that's insured by the FDIC, some of your money may not be protected if the bank fails. And if you're a fraud victim, having cash all in one place could compromise more of your money.

Where should you put your money instead of a bank? ›

  • Higher-Yield Money Market Accounts.
  • Certificates of Deposit.
  • Credit Unions and Online Banks.
  • High-Yield Checking Accounts.
  • Peer-to-Peer (P2P) Lending Services.

Where should I put my money right now? ›

Here are a few of the best short-term investments to consider that still offer you some return.
  • High-yield savings accounts. ...
  • Short-term corporate bond funds. ...
  • Money market accounts. ...
  • Cash management accounts. ...
  • Short-term U.S. government bond funds. ...
  • No-penalty certificates of deposit. ...
  • Treasurys. ...
  • Money market mutual funds.
1 Nov 2022

Who is a better bank Chase or Bank of America? ›

On the whole, Bank of America and Chase charge similar fees for their accounts. Bank of America has a higher monthly fee for its savings account. However, most its checking accounts have much lower monthly fees. This is due to Chase's many checking accounts increasing in rewards levels, making the fees more expensive.

What is best bank to open an account with? ›

Best checking accounts for November 2022
  • Best overall rate: Heritage Bank.
  • Best for no/low fees: NBKC Bank.
  • Best for members of the military and veterans: Navy Federal Credit Union.
  • Best for mobile app and high-yield rate: Ally Bank.
  • Best for unlimited ATM fee rebates: LendingClub Bank.

Which bank has most complaints? ›

TCF National Bank

Which is the most honest bank? ›

chase is America's Most Trusted Retail Bank Brand
  • Chase.
  • Capital One Bank.
  • Citibank.
  • Bank of America.
  • U S Bank.
  • Union Bank.
  • SunTrust.
  • Bank of the West.

What bank has a 5 star rating? ›

The Bank of Commerce has earned Bauer Financial, Inc.'s highest (5-Star) rating for strength and stability. Achievement of this coveted 5-Star Superior rating puts The Bank of Commerce in an elite category as one of the strongest banks in the nation.

Which bank has the best customer service in USA? ›

Best overall, best for customer service: U.S. Bank. Best overall, best for cash-back rewards: Upgrade. Best overall, best for ATM availability: Charles Schwab. Best overall, best for overdraft options: Ally Bank.

What banks do not charge monthly fees? ›

Best no-fee checking accounts
  • Best overall: Capital One 360® Checking Account.
  • Runner-up: Ally Interest Checking Account.
  • Best for rewards: Discover Cashback Debit Account.
  • Best for out-of-network ATMs: Alliant Credit Union High-Rate Checking Account.
  • Best for students: Chase College Checking℠ Account.

What bank cards do rich people use? ›

The super rich use a variety of different credit cards, many of which have strict requirements to obtain, such as invitation only or a high minimum net worth. Such cards include the American Express Centurion (Black Card) and the JP Morgan Chase Reserve.

How much does a rich person have in their bank account? ›

How much do you need in your bank account to be considered wealthy? According to the 2022 Modern Wealth Survey conducted by Charles Schwab, the average net worth of an American to be considered wealthy is $2.2 million.

Which bank does Celebrities Use? ›

Citibank. ICICI bank. HDFC. Yes Bank is also one of the most preferred.

What bank is better than Wells Fargo? ›

With 4,000 more ATM locations than Wells Fargo, reduced fees and a wider variety of welcome bonuses, Chase is a better option for most customers. Chase is also the clear winner for military personnel, offering waived fees on checking accounts and ATM withdrawals for active-duty service members and veterans.

Where is the best place to deposit a large sum of money? ›

Savings accounts are a safe, reliable place for a lump sum of money. Your funds will not only be safe from daily spending, but your deposits will be guaranteed by the Federal Deposit Insurance Corporation (FDIC) for bank accounts or the National Credit Union Administration (NCUA) for credit union accounts.

What is the only state owned bank in the United States? ›

North Dakota is the only state that has established a publicly owned bank. Founded in 1919, the Bank of North Dakota's mission is to “promote agriculture, commerce, and industry” and “be helpful to and assist in the development of… financial institutions… within the State.”

Which bank does not have branches? ›

A direct bank has no branch network.

Is there any millionaires giving away money? ›

From Warren Buffett to newcomer Jeff Bezos, the nation's most generous billionaires have given away a collective $169 billion in their lifetimes–and are still richer than ever. T he billions keep piling up for many of America's great philanthropists. So, too, do their charitable contributions.

Do billionaires keep money in bank? ›

How does a billionaire keep his money? Billionaires do not keep their money in one place. They have diversified portfolios, owning stocks, bonds, businesses, real estate, etc. They definitely don't have a savings account sitting around with $1B in it.

Is there a limit to how much money you can have in a checking account? ›

Minimum balances aside, how much money can you have in a checking account? There is no maximum limit, but your checking account balance is only FDIC insured up to $250,000. However, as we'll cover shortly, it makes sense to put extra cash somewhere it will earn interest.

What is the best thing to do with a lump sum of money? ›

Pay down debt:

One of the best long-term investments you can make is to pay off high-interest debt now. This is especially true of credit card debt, which is likely costing you between 10% and 15% a year, which is much more than you can reliably make by investing your money.

What's the smartest thing to do with money? ›

Extra cash is great, but what should you do with it? Investing is often the answer.
What to Do With Extra Money
  1. Create or build up an emergency fund. ...
  2. Get your 401(k) match. ...
  3. Pay down high-interest debt. ...
  4. Start funding an IRA. ...
  5. Save for your other money goals.
9 Aug 2022

How much money should I keep in my savings account? ›

Most financial experts end up suggesting you need a cash stash equal to six months of expenses: If you need $5,000 to survive every month, save $30,000. Personal finance guru Suze Orman advises an eight-month emergency fund because that's about how long it takes the average person to find a job.

How can I get rich in 5 years? ›

How to become wealthy in 5 years: 14 strategies
  1. Become Financially Literate Through Self-Education.
  2. Spend Less, Earn More, Invest the Difference.
  3. Do Something You Love.
  4. Invest in Properties.
  5. Build a Portfolio of Stocks and Shares.
  6. Focus on Contemporary Areas of Growth.
  7. Be An Innovator.
  8. Do Quarterly Goals & Reports.
6 days ago

How can I double my money in 5 years? ›

As a rate of return, long-term mutual funds can offer rates between 12% and 15% per year. With these mutual funds, it may take between 5 and 6 years to double your money. Kisan Vikas Patra (KVP): It comes under the Post Office Small Saving Scheme.

What assets make you a millionaire? ›

Someone is considered a millionaire when their net worth, or their assets minus their liabilities, totals $1 million or more.

What is the strongest U.S. bank? ›

Chase, part of JPMorgan Chase & Co., is the largest bank by asset size in the U.S., including deposits from checking and savings and other accounts, plus loans, mortgages and more. It has $2.57 trillion in assets, according to the latest information from the Federal Reserve.

Which bank is financially strong? ›

HDFC Bank has always been strong, growing consistently through multiple economic cycles and has always been considered as a benchmark for strong performance.

Which bank has locations in all 50 states? ›

At the moment, there are no banks that operate branch locations in all 50 states.

Which is the most stable bank in the world? ›

World's safest banks
2Zürcher KantonalbankSwitzerland
3Landwirtschaftliche RentenbankGermany
6 more rows

Which bank has the highest profit? ›

JPMorgan Chase & Co, Bank of America Corp, Wells Fargo & Co, Citigroup Inc, and The Goldman Sachs Group Inc are the top 5 banks in the US in 2021 by revenue.


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