BEST OF

7 Best Banks and Credit Unions in New York

Alice Holbrook
By Alice Holbrook 

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New York City is a major financial capital, but it's not the only place in the state where you can find great banking options. Which bank or credit union in the Empire State is right for you? Here are seven of the best credit unions and banks in New York.

  • Discover Bank: Online bank with massive ATM network.

  • Alliant Credit Union: Online credit union with low fees and high rates on checking and savings.

  • Chase Bank: Sign-up bonus and extensive branch and ATM network.

  • M&T Bank: Lots of branches throughout New York.

  • Ally Bank: Online bank with market-leading rates.

  • Pentagon Federal Credit Union: Interest-bearing checking account.

  • Charles Schwab Bank: Unlimited fee rebates at any ATM in the world.

7 Best Banks and Credit Unions in New York

NerdWallet rating 

5.0

/5
Discover Bank
NerdWallet rating 

4.5

/5
Alliant Credit Union
NerdWallet rating 

3.5

/5
Chase
NerdWallet rating 

3.5

/5
M&T Bank
NerdWallet rating 

5.0

/5
Ally Bank
NerdWallet rating 

4.0

/5
PenFed Credit Union
NerdWallet rating 

4.5

/5
Schwab Bank

Compare options to find the best fit

There's no shortage of banking options, so you're bound to find one that best serves your specific needs. Comparing products side by side can make selecting a bank or credit union much less daunting.

Financial institution

Why we like it

Discover Bank

Online bank with massive ATM network.

Alliant Credit Union

Low fees and high rates on checking and savings.

Chase Bank

Extensive branch and ATM networks.

M&T Bank

Lots of branches throughout New York.

Ally Bank

Online bank with market-leading rates.

Pentagon Federal Credit Union

Offers interest-bearing checking account.

Charles Schwab Bank

Unlimited fee rebates at any ATM in the world.

Last updated on February 9, 2022

Methodology

For this review, we considered only institutions with a retail presence in New York and nationwide online institutions, taken from the same list in our standard 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.

To recap our selections...

NerdWallet's 7 Best Banks and Credit Unions in New York