The best bank for you, 2022

If you are looking for a better banking relationship, check out our sixth 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 customers, retirees and families with children .

We enlisted the help of financial data provider Curinos, which compiled information on interest rates, fees, and other features on the 39 institutions we studied. To better reflect recent changes in banking policies, we’ve added data on overdraft grace periods (alongside other overdraft data we’ve been reviewing for years) and the early availability of checking account funds like criteria in our rankings. And compared to previous years, we’ve changed the way student and senior checking accounts are rated in the National Banks, Credit Unions, and Internet Banks rankings, with a focus on whether institutions have dedicated accounts for these groups.

The interest rates indicated here are those of the beginning of June. Before committing to a bank, check its current yields. With global rates rising, some yields are expected to adjust after our release date.

How we choose the best financial institutions

With data from Curinos, a financial data provider, as well as financial institutions and other sources, we assessed 13 national and regional banks, 13 Internet banks (including online accounts of brokerage firms) and 13 cooperatives credit. We looked at each institution’s checking accounts, savings accounts, money market deposit accounts, and certificates of deposit. We looked at interest rates; minimum deposit and balance requirements; monthly maintenance fees and the ease of waiving those fees; ATM benefits, such as waived or refunded 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 concessions, such as buffers and grace periods; and online and mobile banking features, such as the availability of peer-to-peer payment services.

The data is obtained from public sources; accuracy and completeness are not guaranteed. Curinos is not responsible for the reliance placed on the data.

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