Advertiser Disclosure

The Best Banks and Credit Unions for 2018

January 9, 2018
Banking, Banks & Credit Unions, Checking Accounts, Savings Accounts
At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from our partners. Here’s how we make money.
We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

NerdWallet has released its annual Bank Awards, highlighting the banks and credit unions that rated highest for checking, savings and money market accounts. NerdWallet also selected the best credit unions.

These financial institutions offer accounts with consumer-friendly features such as high interest rates, low fees and helpful money-management tools. Some also have perks such as ATM fee reimbursements and online budgeting tools.

NerdWallet, a personal finance website focused on comparing a wide range of financial products, chose its award recipients from dozens of financial institutions, including big-name banks and promising up-and-comers. NerdWallet writers and editors devoted more than 200 hours to comparing and scoring these institutions on criteria including interest rates, fees, bonuses, ATM access, digital experience and more.

Take a look below at NerdWallet’s award winners.

NerdWallet’s 2018 Bank Award Winners

Financial institutionWhat it won for
Alliant Credit Union (see full review)Best Checking Account, Best Credit Union and Best Savings Account
Ally Bank (see full review)Best Checking Account and Best Savings Account
Aspiration (see full review)Best Checking Account
[Editor's note 3/26/18: Aspiration currently not offering checking]
Bank5 Connect (see full review)Best Checking Account
Bank of Internet USA (see full review)Best Checking Account, Best Money Market Account and Best Savings Account
Barclays (see full review)Best Savings Account
Capital One 360 (see full review)Best Checking Account and Best Money Market Account
Charles Schwab Bank (see full review)Best Checking Account
Chase (see full review)Best Checking Account and Best Savings Account
CIT Bank (see full review)Best Savings Account
Connexus Credit Union (see full review)Best Checking Account and Best Credit Union
Consumers Credit Union (see full review)Best Checking Account
Discover Bank (see full review)Best Checking Account, Best Money Market Account and Best Savings Account
EverBank (see full review)Best Money Market Account
First Tech Federal Credit Union (see full review)Best Credit Union
Golden 1 Credit Union (see full review)Best Credit Union
Marcus by Goldman Sachs (see full review)Best Savings Account
Simple (see full review)Best Checking Account
Synchrony Bank (see full review)Best Savings Account
UFB DirectBest Money Market Account

» For more details, see our lists of the best checking accountsbest savings accountsbest money market accountsbest credit unions and other roundups and reviews.


METHODOLOGY

To determine the best accounts, we looked closely at 70 financial institutions, including the largest U.S. banks based on assets, debit card volume, internet search traffic and other factors; the nation’s largest credit unions, based on deposits as well as broad-based membership requirements; and other notable and/or emerging players in the industry. We rated them on criteria including annual percentage rates, minimum balances, fees, digital experience and more.

Financial institutions surveyed: Alaska USA Federal Credit Union, Alliant Credit Union, Ally Bank, America First Credit Union, American Express, Aspiration, Associated Bank, Bank5 Connect, BankDirect, Bank of America, Bank of Internet, Bank of the West, Barclays, BB&T, BBVA Compass, Boeing Employees Credit Union, BMO Harris, Capital One 360, Charles Schwab Bank, Chase, Chime, CIT, Citibank, Citizens Bank, Comerica Bank, Commerce Bank, Connexus Credit Union, Consumers Credit Union, Discover Bank, EverBank, Fidelity, Fifth Third Bank, First Citizens Bank, First National Bank, First Tech Federal Credit Union, GoBank, Golden 1 Credit Union, HSBC Bank USA, Huntington Bank, KeyBank, M&T Bank, Marcus by Goldman Sachs, MetaBank, Navy Federal Credit Union, Pentagon Federal Credit Union, PNC, PurePoint Financial, Qapital, Radius Bank, Regions Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Simple, Star One Credit Union, State Employees’ Credit Union of North Carolina, State Farm Bank, Suncoast Credit Union, SunTrust Bank, Synchrony Bank, TCF Bank, TD Bank, Union Bank, UFB Direct, USAA, U.S. Bank, Varo, Wells Fargo, Woodforest National Bank and Zions Bank.

About the author