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Best Personal Banks for 2024

Last updated 03/26/2024 by

Heather Popovic
The right bank for you varies according to individual needs, financial goals, and preferences. Some people only feel comfortable with a brick and mortar financial institution. They want to maintain the option of speaking with someone face to face. Others already handle all of their banking online. Or some are ready to make a transition to online-only banking for the sake of lower fees. That’s why you should find the best personal banks that are suitable for your needs.
Also, choosing the best personal bank is depends on investment needs. For example, some banks offer tiered interest savings accounts which may be of benefit for your financial situation. However, other banks offer services that may be beneficial to others such as money market accounts, loans, credit cards, CDs, and retirement options.
We are here to help simplify the critical process of choosing who will protect your money. With that in mind, here is our list of the best personal banks:

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Ally

Bank Type: Online
IRAs: Available
Ally Bank offers customers high interest online checking and savings accounts. Ally’s Savings Account rate is among the highest currently offered. Moreover, account holders can take advantage of Ally’s money market accounts, CDS, and IRAs.

USAA

Bank Type: Branch and Online
IRAs: Available
USAA membership is available to those currently serving in the U.S. military and former military personnel. Furthermore, many military family members are also eligible for an account. USAA Classic Checking comes with no monthly service fees and free transfers. Additionally, new recruits do not need to provide an initial deposit to begin the membership. For all others, the minimum opening deposit is $25. Additionally, USAA offers members a wide range of insurance, investment, mortgage, and retirement products.

Chime

Bank Type: Online
IRAs: N/A
Chime offers customers fee-free, online-only banking experience. Additionally, Chime customers need to be aware of only one fee. Out-of-network ATM withdrawals will cost $2.50. Over 38,000+ fee-free MoneyPass and Visa Plus Alliance ATMs currently exist throughout the United States. Also, this feature makes fee-free withdrawals easy for many members. In addition, Chime makes up for low-interest rates with cashback rewards and the option to sign up for an Automatic Savings Program. Furthermore, this option works by rounding up your Visa card transactions to the next dollar. The extra “Round-Up” money in your Spending Account transfers into your Automatic Savings Account.

BBVA Compass

Bank Type: Branch and Online
IRAs: Available
BBVA Compass operates out of 672 branches. Their locations are in the states of Texas, Alabama, Arizona, California, Florida, Colorado, and New Mexico. BBVA offers a well-rated app. Additionally, this bank prides itself on a reputation for reliable customer service. Two of their checking accounts come with no monthly service fee. Their interest checking account, however, comes with an avoidable $25 monthly service fee. BBVA Compass also offers a variety of loan, mortgage, and investment options.

Simple

Bank Type: Online
IRAs: N/A
Simple provides online banking and budgeting solutions combined into one. The Simple app gives members the option to use a Safe-to-Spend budgeting tool, as well as help planning for recurring bills. Additionally, the app has a unique feature for saving toward personal goals such as a dream vacation or the desired purchase. No fees apply to this online-only account. Also, Simple offers access to over 40,000 ATMs that also won’t incur a fee from out of network banks.

Discover

Bank Type: Online
IRAs: Available
Discover Bank shines by offering a reward checking account with no monthly fee. They offer 1% cashback on up to $3,000 in qualifying debit card purchases. So customers can earn up to $360 cash back per year. Also, Discover’s savings account APY is well above average and also does not impose a monthly fee. Furthermore, customers have access to over 60,000 no-fee ATMs throughout the U.S. However, those who want to face time with their bank need to look elsewhere. That is unless you happen to live near Greenwood, Delaware since that’s the location of Discover’s only physical branch.

Chase Bank

Bank Type: Branch and Online
IRAs: Available
Chase Bank makes our list for being among the largest banks in the country, with a full range of services. For this reason, customers interested in one-stop shopping may find that this is the bank for them. Chase Bank’s selection of products includes:
  • Checking account options
  • Savings accounts and CDs
  • Auto loans
  • Credit Card options (many)
  • Mortgages and Home equity loans
  • Planning and investments
  • Military banking
Chase offers a top-notch website experience as well. Banking here, however, will not yield the best interest on your money. Also, Chase charges higher fees, which can be hard to avoid. For example, Chase Sapphire Savings comes with a $25 monthly service fee unless you maintain a $15,000 balance. For this reason, some of Chase Bank’s products may not be the best solution for everyone.

Citibank

Bank Type: Branch and Online
IRAs: Available
Likewise to Chase, Citibank applies fees to almost all of their accounts, which can be challenging to avoid. That being said, Citibank also has some great perks. For example, Citibank offers a high APY on a new Savings Account, with no minimum opening deposit and no cap on earnings. Citibank also provides excellent online and mobile features, as well as 1,800 overseas branches. Their large selection of products is a draw for many customers as well.
Deciding which bank to trust your hard earned money with can be a challenge. Beyond the best personal banks on this list, we’ve done even more extensive research for you. You can see our full list of bank rates and reviews here.

SuperMoney may receive compensation from some or all of the companies featured, and the order of results are influenced by advertising bids, with exception for mortgage and home lending related products. Learn more

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