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 Checking Account Overall

Discover® Cashback Debit
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at Discover® Bank, Member FDIC

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at Discover® Bank, Member FDIC

Monthly fee

$0

Bonus

$360

Requirements to qualify

Monthly fee

$0

Bonus

$360

Requirements to qualify

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.

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Best Checking Account With No Monthly Fee

Discover® Cashback Debit
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at Discover® Bank, Member FDIC

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at Discover® Bank, Member FDIC

Monthly fee

$0

Bonus

$360

Requirements to qualify

Monthly fee

$0

Bonus

$360

Requirements to qualify

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

Discover® Cashback Debit
Learn More

at Discover® Bank, Member FDIC

Learn More

at Discover® Bank, Member FDIC

Monthly fee

$0

Bonus

$360

Requirements to qualify

Monthly fee

$0

Bonus

$360

Requirements to qualify

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.

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Best Free Business Checking Account

Axos Bank® Basic Business Checking
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at Axos Bank®, Member FDIC

Monthly fee

$0

Bonus

$400

Requirements to qualify

Monthly fee

$0

Bonus

$400

Requirements to qualify

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.

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Best 1-Year CD

APY

4.50%

Minimum Deposit

$0

APY

4.50%

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.

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Best Bank for ATM Access

Monthly fee

$0

APY

0.20%

With $0 min. balance for APY

Monthly fee

$0

APY

0.20%

With $0 min. balance for APY

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