5 Best National Banks of 2021-2022

National banks offer the security of a post list along with the appliance of hundreds — and much thousands — of bank branches, where you can find a real person to help with complicate fiscal needs like taking out a loan or opening an individual retirement bill .
And, although you will typically still find the highest possible interest rates at on-line banks or through credit unions, big bank brands have been working hard to improve their on-line and mobile tools, thus, at least when it comes to convenience, you can have the best of both worlds .

Our top picks for best national banks of 2021-2022

Best national banks reviews

To find the best national bank, Money looked for low fees and a ace arm know at 20 of the largest retail banks by assets. ( You can read in-depth about our methodology below. )
here are our favorites :

capital One is our top pick because of its higher-than-usual concern rates, abject opening balance prerequisite and zero fees .

  • Highest interest rates in category
  • No account fees (other than a $35 overdraft fee)
  • No ATM fees
  • Earn up to 5% cash back on rewards credit cards.


  • Few physical branches
  • No ATM card with savings accounts

With Capital One, you can earn a higher interest rate on both checking and savings accounts than at other national banks we considered. That includes 0.40 % interest on the savings bank ’ s flagship 360 Savings Account, compared to 0.01 % to 0.05 % at most other banks. And, while 0.10 % offered by the 360 Checking Account might not sound like much, most early adult banks don ’ thymine offer any interest at all on this type of account. There are no sustenance fees for either history .
With one of Capital One ’ s many Rewards credit cards, you can earn between 1 % and 5 % cash back on purchases at blue-ribbon stores. You ’ ll besides have access to over 70,000 ATMs countrywide, including Capital One-branded ATMs and the Allpoint and MoneyPass ATM networks. Best of all, Capital One ‘s 360 check accounts don ’ metric ton load any fees for using out-of-network ATMs. ( Although the ATM owner may charge one ) .
Make certain you open a Capital One check score though, as the savings bank ’ second savings accounts don ’ thyroxine provide an ATM card. Capital One has merely about 400 branches in nine states, including New York, Louisiana and Texas. That does include Capital One Cafes — chocolate shops where you can sip your caffe latte while bank “ ambassadors ” leave aid. placid, compared to larger banks like Wells Fargo, which has close to 5,000 branches, Capital One is limited in terms of physical locations .

Bank of America — Best Customer Service

Bank of America offers a high level of customer serve across both its on-line platform and its brick-and-mortar branches .

  • Highest ranked national bank by JD Power for its online presence
  • Non-BoA ATM fees waived for the first six months
  • Monthly maintenance fees can be easily waived
  • Thousands of branches and ATMs


  • Opening account balance requirements are higher compared to other big banks.
  • Account maintenance fees are higher than other banks.

Bank of America is the highest-rated national bank on this year ’ s JD Power Online Banking Satisfaction Study, obtaining a score of 871 on a 1,000 steer scale. And BofA ’ randomness on-line bank is backed up by a network of over 4,100 brick-and-mortar locations across the state, making it easy to find one if you need to make a large cash withdrawal or take out a cashier ’ south see .
With Bank of America, you ’ ll besides have access to over 17,000 ATMs nationally. While using a BoA ATM won ’ metric ton monetary value you anything, there is a $ 2.50 care for using a non-BoA ATM in the US, although that is slightly lower than the $ 3 fee charged by many banks. Best of all, non-BoA ATM fees are waived for the beginning six months after opening an bill .

The Wells Fargo mobile app provides 24/7 access to all its bank products, takes advantage of biometrics for quick, impregnable logins, and enjoys the highest exploiter rate among all national bank apps we looked at, with many users praising its facilitate of use .

  • Highest user-rated mobile app of all national banks we considered
  • Access to all Wells Fargo banking products
  • Mobile check deposits
  • Allows for auto bill pay and mobile payment


  • The app can be glitchy after updates.
  • Wells Fargo has been fined several times by the Consumer Financial Protection Bureau.

When we looked at the mobile apps for the top 25 national banks, the Wells Fargo mobile app was the highest rated by users, garnering a 4.8 star rate on Google Play. Most users praised the app ‘s still of use and the ability to conduct all their deposit transactions without ever having to step into a bank branch as their darling features .
The Wells Fargo app lets you manage your accounts from anywhere and at any prison term. You can promptly see account transactions such as late deposits, payments and purchases made on your accredit or debit wag. The app allows you to check your account balances, transfer funds or link your history to Zelle, a one-on-one payment app that allows you to send or receive money. You can besides set up score alerts and automatic pistol bill payments on your phone .
security is besides a lead priority with the Wells Fargo app. rather of using a password, you can set up a secure biometric login using either your fingermark or facial realization to entree your accounts. While biometrics is becoming much more common, it ‘s still not universally available. If mobile bank international relations and security network ’ t enough, Wells Fargo has close up to 5,000 bank branches across the country, the largest number of brick-and-mortar locations of any of the national banks we reviewed .
As with any app, updates can cause glitches. Most of the veto customer reviews of the app mention problems making mastermind deposits, failure to recognize fingerprints or passwords, or getting logged out without notice. Most glitches seem to occur after an app update has been installed or when downloaded onto a new telephone .

Charles Schwab is our clear pick for its abject fees across a number of different accounts and services equally well as its low hatchway balance requirements.


  • No monthly maintenance fees
  • Unlimited rebates of non-Schwab ATM fees for cash withdrawals
  • Checking and savings accounts can earn interest.
  • No minimum opening balances


  • Only one checking and one savings account option

Although it ’ s good known as a place to trade stocks, Schwab ’ sulfur High Yield Investor Checking and Savings accounts offer a solid choice for anyone matter to in combining their investment accounts with regular banking accounts within the same fiscal institution. Schwab ’ s bank doesn ’ t charge any fees for a murder of services, including incoming wire transfers and foreign transaction fees on purchases with your Schwab debit batting order, which is strange for many banks .
There are no fees at ATMs where Schwab ’ s debit circuit board is accepted and you can get an inexhaustible count of ATM fee rebates when withdrawing money from any ATM global. The open poise for either the check or savings accounts is $ 0, and while the High Yield Checking account can only be opened when linked to Schwab One investment history, there ’ s no minimum remainder prerequisite .
You can earn interest on both the determine and savings account, but it ’ sulfur on the lower end of the spectrum. The senior high school succumb Checking account pays 0.03 % interest, which is high compared to most traditional bank offerings but lower than the rates you can find on-line and at credit unions. The pastime rate is a little better on the High Yield Savings report, where you can earn 0.05 %, although you can find higher rates elsewhere .

Citibank ’ second Accelerate Savings report offers one of the highest interest rates of any national bank, making Citibank our blame for the best savings bank for high yields .

  • Savings account pays 0.50%, one of the highest rates among the national banks we looked at.
  • No minimum opening balance
  • Relatively low non-Citibank ATM fee
  • Low maintenance fee


  • Must be opened in conjunction with a banking package that links the savings accounts with other Citi accounts such as a checking account
  • ATM fee reimbursements not available in all packages
  • Some banking packages are not available in all states.

Citibank ’ randomness Accelerate Savings account caught our eye because you can earn 0.5 % interest, which is much higher than the typical rate offered by national banks, where 0.01 % to 0.05 % is coarse, and, in fact, comparable to rates offered by many on-line banks .
The Accelerate packages are combinations of different determine and savings accounts that have different benefits and account fees, depending on your bank needs. We focused on the Accelerate Access Account software, which has no possibility remainder prerequisite and a monthly fee of $ 4.50 for a savings-only account or $ 10 if you have a check history linked to a savings account. The monthly service tip can be waived by maintaining an average monthly libra of $ 500. There are no fees for using Citibank-branded ATMs, but there is a $ 2.50 fee for using a non-Citi ATM. There are no ATM tip reimbursements with this box .
The Access package is presently only available in 41 states and 8 territories and Armed Forces theaters of operation, so you ’ ll want to check with Citibank about handiness ( this score is not available in Arkansas, California, Connecticut, Maryland, Nevada, New Jersey, New York, and Virginia, and is available in specify areas of Florida and Illinois ). There are five extra bank packages available besides the Access account box, each with different fee ranges and benefits that may be available in your area .
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How we chose the best national banks of 2021-2022:

In selecting our winners for Best National Bank, Money started with the 20 largest retail-focused banks in the area, measured by assets. Money then partnered with data supplier Curinos to review score minimums and qualifications, pastime rates, monthly service fees, ATM fees, overdraft fees, overdraft protection fees, insufficient funds fees, debit card substitution fees, domestic wire transfer fees, and on-line banking capabilities .
When selecting finalists, priority was given to checking and savings accounts with no or easily waived monthly fees, absolve ATM withdrawals, and higher interest rates. In naming barren accounts, we assumed customers would be okay with receiving e-statements to avoid a monthly tip .
When available, we weighed customer servicing ratings from J.D. Power ’ mho 2020 U.S. Retail Banking Satisfaction Study, 2021 Online Banking Satisfaction Survey, and 2021 Mobile Banking Satisfaction Survey. Money ’ s edit team independently fact-checked information in September and October .
The interest rates quoted were checked on October 25, 2021 .

More from Money:

How to Save Money
How to Choose a Financial Advisor

How to Buy Gold
( An earlier translation of this history mistakenly stated Capital One reimbursed alien ATM fees and did not note out-of-network ATM owners may charge coitus interruptus fees. )

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