Where you store your money matters, especially if you’re aiming to build wealth.
Luckily, personal finance site GOBankingRates named the best banks for 2017 across five different categories, so you can find the best one for your individual goals.
GOBankingRates evaluated the 100 largest banks in the country by asset size according to the FDIC – including both online-only and traditional brick-and-mortar institutions – ranking each on a variety of factors, such as fees, interest rates, financial strength, and customer service.
Whether you’re looking for hassle-free customer service or a place to grow your savings, these banks have you covered. Check out GOBankingRates’ category winners below.
BEST FOR CHECKING: Bank5 Connect
- Bank5 Connect
A checking account is a must-have, and opening one at Bank5 Connect offers unparalleled benefits. The account earned praise from GOBankingRates for its high 0.76% interest rate, low minimum deposit, and lack of maintenance fees.
Bank5 Connect also offers customers a host of perks, ranging from free checks to ATM fee reimbursements. Members earn rewards points for every $2 spent using their Bank5 Connect debit card, which are redeemable for gift cards and merchandise.
Read more about GOBankingRates methodology for best banks for checking.
BEST FOR SAVINGS: Synchrony Bank
- Synchrony Financial
Those who stash their savings at Synchrony Bank enjoy a 1.05% APY, no minimum deposit or balance, and no fees or service charges. Loyal customers can also take advantage of perks such as ATM fee reimbursements, travel rewards, and discounts on theme parks, car rentals, and hotels.
Read more about GOBankingRates methodology for best banks for savings.
BEST NATIONAL: TD Bank
Despite the ease of handling all your banking online, many consumers still prefer to visit a physical location and do business face to face. TD Bank stands out among its brick-and-mortar competitors for its range of top-notch services and products, relatively high APY and tiered interest rates on savings accounts, and competitive CD rates.
Customers can stop by more than 1,300 branch locations across the US and access TD Bank’s customer service representatives in person during bank hours or 24/7 over the phone.
Read more about GOBankingRates methodology for best national banks.
BEST ONLINE: Ally
- Ally Bank
Taking the crown for best online bank for the third year in a row, Ally Bank earned high marks for its high savings and CD yields, no checking account maintenance fee, top-notch customer service, and excellent app.
The online-only bank offers 1.0% APY on savings accounts – which earns customers 100 times more interest than many of its traditional competitors – and up to 0.6% APY on its free checking accounts.
Read more about GOBankingRates methodology for best online banks.
BEST FOR CDs: EverBank
If you’re looking to put your savings to work, certificates of deposit, which typically earn much higher yields than savings accounts, are a good bet. EverBank earned GoBankingRates’ top spot for CDs, thanks to its 2.28% APY for its 60-month CD and its Yield Pledge that guarantees the best rates.
Read more about GOBankingRates methodology for best banks for CDs.