2020's Banking
Winners

Looking for more bank for your buck? This year's best banks and credit unions have you covered whether you want to earn more interest or ditch ATM fees. And while many of the winners are our partners, this did not influence our decisions or opinions.

Best-Of Awards > Banking

Best Bank or Credit Union for Online Experience

Alliant Credit Union Alliant Credit Union High-Rate Savings

at Alliant Credit Union,

Federally insured by the NCUA

at Alliant Credit Union,

Federally insured by the NCUA

APY

0.65%

With $100 minimum balance

APY

0.65%

With $100 minimum balance

Why this CREDIT UNION made the list

It’s easy to find information on rates, fees, ATMs and branches on Alliant's website. Plus, its mobile app gets high ratings on both iOS and Android.

Read our methodology

Best Checking Account for High Interest

Axos Bank® Axos Bank® Rewards Checking

at Axos Bank®,

Member FDIC

at Axos Bank®,

Member FDIC

Monthly Fee

$0

APY

1.25%

With $0 minimum balance

Monthly Fee

$0

APY

1.25%

With $0 minimum balance

Why this ACCOUNT made the list

Axos offers an unusually high APY for a checking account (if certain reasonable criteria are met), and it charges no fees for online transactions.

Read our methodology

Best Savings Account

APY

0.60%

With $0 minimum balance

APY

0.60%

With $0 minimum balance

Why this ACCOUNT made the list

Discover’s online savings account has it all — a high interest rate, no fees and a nice sign-up bonus for new customers.

Read our methodology

Best Checking Account Overall

Monthly Fee

$0

Monthly Fee

$0

Why this ACCOUNT made the list

Discover checks all the boxes for a great checking account: no monthly fees, a large ATM network, cash back on purchases and no overdraft fees.

Read our methodology

Best Checking Account With No Monthly Fee

Monthly Fee

$0

Monthly Fee

$0

Why this ACCOUNT made the list

No fees and a strong checking product that includes cash-back rewards and a great overdraft policy make Discover a clear winner.

Read our methodology

Best Bank for Overdraft Fee Avoidance

Monthly Fee

$0

Monthly Fee

$0

Why this BANK made the list

Discover’s policy is stellar — it doesn’t charge a fee for overdrafts and provides free linking of a savings account to cover shortfalls and complete purchases.

Read our methodology

Best Money Market Account

APY

0.55%

With $100 minimum balance

APY

0.55%

With $100 minimum balance

Why this ACCOUNT made the list

CIT Bank tops the field of money market accounts with its high interest rate, no monthly fee and low minimum deposit requirement.

Read our methodology

Best Free Business Checking Account

Monthly Fee

$0

Monthly Fee

$0

Why this ACCOUNT made the list

Axos is a great choice for business owners: This account features no monthly fee, no minimum balance, unlimited ATM reimbursements and up to 200 free transactions per month.

Read our methodology

Best 1-Year CD

APY

0.65%

Minimum Deposit

$0

APY

0.65%

Minimum Deposit

$0

Why this CD made the list

Ally is a big winner in the CD category, boasting a very competitive one-year APY, zero minimum opening deposit and an overall high-quality banking experience.

Read our methodology

Best 3-Year CD

APY

0.75%

Minimum Deposit

$0

APY

0.75%

Minimum Deposit

$0

Why this CD made the list

Ally comes close to matching the top three-year interest rates and beats the competition with its zero minimum opening deposit.

Read our methodology

Best 5-Year CD

APY

1.00%

Minimum Deposit

$0

APY

1.00%

Minimum Deposit

$0

Why this CD made the list

If long-range savings is your focus, Ally’s five-year APY is competitive with the best, and no minimum deposit makes it the winner.

Read our methodology

Best Bank for Branch Access

APY

0.01%

With $1 minimum balance

APY

0.01%

With $1 minimum balance

Why this BANK made the list

Wells Fargo boasts 5,400 bank-owned branches. That access can't be beat, if you can overlook the bank's past consumer scandals and regulatory penalties.

Read our methodology

Best Bank for ATM Access

Monthly Fee

$0

APY

0.03%

With $0 minimum balance

Monthly Fee

$0

APY

0.03%

With $0 minimum balance

Why this BANK made the list

Schwab reimburses all ATM fees worldwide, making it a great option for both international travel and daily use. Plus, its checking account has no fees.

Read our methodology

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Frequently Asked Questions