BEST OF

5 Best Banks and Credit Unions in Florida

Apr 1, 2022

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If you live in the Sunshine State, people might be jealous of you. They might be thinking about the weather, but Florida residents also have access to many excellent banks and credit unions. Here are a few favorites.

» Or, check out some of NerdWallet's best banks and credit unions nationwide

Why you can trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our coverage to help you choose the financial accounts that work best for you. See our criteria for evaluating banks and credit unions.

Best banks and credit unions in Florida

  • Suncoast Credit Union.

  • Ally Bank.

  • Discover Bank.

  • Capital One 360 Bank.

  • Chase Bank.

5 Best Banks and Credit Unions in Florida

NerdWallet rating 

4.0

/5
Suncoast Credit Union
NerdWallet rating 

5.0

/5
Ally Bank
NerdWallet rating 

5.0

/5
Discover Bank
NerdWallet rating 

4.5

/5
Capital One
NerdWallet rating 

3.5

/5
Chase

Savings info for the best banks and credit unions in Florida

Financial Institution

Savings rate

Minimum deposit to open

Suncoast Credit Union

0.05%.

$5.

Ally Bank

3.30%.

$0.

Discover Bank

3.30%.

$0.

Capital One 360 Bank

3.30%.

$0.

Chase Bank

0.01% effective as of 07/02/2022. Interest rates are variable and subject to change.

$0.

Free cash with a new account
Find out which banks are offering cash rewards when you open a new checking or savings account.

Last updated on April 1, 2022

Methodology

We took a close look at over 80 financial institutions and financial service providers, including the largest U.S. banks based on assets, internet search traffic and other factors; the nation’s largest credit unions, based on assets and membership; and other notable and/or emerging players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more.

Financial institutions and providers surveyed are: Affirm, Alaska USA Federal Credit Union, Alliant Credit Union, Ally Bank, America First Credit Union, American Express National Bank, Axos Bank, Bank of America, Bank of the West, Bank5 Connect, Bank7, Barclays, BB&T (now Truist), BMO Harris, Boeing Employees Credit Union, BrioDirect, Capital One, Charles Schwab Bank, Chase, Chime, CIBC U.S., CIT Bank, Citibank, Citizens, Citizens Bank, Comenity Direct, ConnectOne Bank, Connexus Credit Union, Consumers Credit Union, Current, Discover Bank, E-Trade, Fifth Third Bank, First Foundation, First Tech Federal Credit Union, FNBO Direct, GO2bank, Golden 1 Credit Union, HSBC Bank, Huntington Bank, Industrial Bank, KeyBank, Lake Michigan Credit Union, LendingClub Bank, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, Monifi, Nationwide (by Axos), Navy Federal Credit Union, NBKC, One, OneUnited Bank, Pentagon Federal Credit Union, PNC, Popular Direct, PurePoint Financial, Quontic Bank, Redneck Bank, Regions Bank, Revolut, Salem Five Direct, Sallie Mae Bank, Santander Bank, Scarlet, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Service Credit Union, SoFi, State Employees’ Credit Union of North Carolina, Suncoast Credit Union, SunTrust Bank (now Truist), Synchrony Bank, TAB Bank, TD Bank, TIAA Bank, Truist Bank, U.S. Bank, UFB Direct, Union Bank, Upgrade, USAA Bank, Varo, Vio Bank, Wells Fargo and Zynlo Bank. How we rate banks and credit unions.

To recap our selections...

NerdWallet's 5 Best Banks and Credit Unions in Florida