We took a close look at over 90 financial institutions, including the largest U.S. retail banks based on assets and internet search traffic; 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. Some of the providers are NerdWallet partners, but this did not influence our selection of the winner.
How we picked the companies to evaluate:
The winning institution was the bank with the highest overall rating in our research. In case of a tie, banks were compared by category in the following order until one institution remained:
How we chose the winner:
- Banking experience.
- Savings account.
- Overdraft fees.
NerdWallet writers and editors confirmed fees, rates, policies and other key features on each financial institution’s website. If an institution’s website was missing information, we contacted a representative directly for confirmation.