Best National Banks in the U.S. for 2021

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With more and more banks vying for your hard-earned cash nowadays, it can be tough to decide where to store it.

Despite all of the options, every bank has its pros and cons. Finding the right bank is about determining what’s best for you.

We evaluated the best nationwide banks to help you determine which bank works best for your situation.

11 Best National Banks

Here are the top 11 nationwide banks for 2022:


As the largest bank in the US, you’d expect Chase to have a lot to offer, and it does. Its credit cards perennially have some of the best perks you’ll find anywhere, and they have impressive options for personal and business checking.

One of the things that attract people to Chase is its incredible sign-up bonuses. In addition to its highly lucrative sign-up bonuses for credit cards, Chase regularly offers sizable cash bonuses for its checking and savings accounts. Learn more about current Chase Bank promotions

Many banks are online nowadays, but if you prefer physical branches, Chase is also suitable for that. They have nearly 4,900 branches and 16,000 Chase ATMs.

The biggest strike against Chase could be that they don’t offer any high-yield checking or savings accounts. Its basic checking account earns no interest at all, and savings accounts only have 0.01% APY.

Still, there’s a lot that is good about Chase, as Chase Credit Cards have fantastic benefits that you may not be able to find elsewhere.

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CIT Bank

CIT bank offers checking accounts, savings accounts, CDs, and money-market accounts.

CIT Bank has excellent savings rates in some scenarios. We primarily see this with the Savings Builder savings account, which offers slightly higher than most other institutions

To take advantage of its high-interest rates, however, you must maintain a minimum balance of $25,000 – or deposit at least $100 every month. The latter is probably more manageable for the average consumer, but it’s always good to have options.

Interest rates on its money-market and some of its CDs have higher interest rates than you’ll typically see elsewhere. Home loans and mortgages are also available.

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nbkc bank

Based in Kansas (not Missouri), the National Bank of Kansas City is a national bank that’s mostly online, but they do have four branches in the Kansas City area if you happen to live there.

The main banking products nbkc bank offers are personal and business checking, home loans, and business and personal credit cards. Their personal checking and money-market accounts offer high-interest rates, with the checking account rates being much higher than you would typically see.

Personal checking accounts require a $5 minimum deposit to open, but there is no minimum balance after that. Currently, you can use over 32,000 ATMs fee-free, and there are no overdraft fees.

There is a lot to like about the things nbkc offers, even though you may have never heard of them.

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If you were under the impression that Discover is a credit card and nothing else, you would be mistaken. Discover actually has a full suite of banking products, much like the other banks on this list.

Yes, with Discover, you’ll have access to online banking (checking, money-market, CD, etc.), personal loans, and even student loans. Home equity lines of credit (HELOC) are also available. You also gain access to over 60,000 fee-free ATMs with their checking accounts.

One of the only things missing from this picture is business banking, which Discover does not offer. Still, their online savings, money-market, and CDs have competitive to excellent interest rates, and their website has a friendly interface. They are certainly worth a look.

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BBVA doesn’t have a national presence when it comes to brick-and-mortar locations.

They only exist in seven states:

  • Alabama
  • Arizona
  • California
  • Colorado
  • Florida
  • New Mexico
  • Texas

BBVA does have online checking accounts for those who live elsewhere. Of course, that does mean you won’t have access to branches.

As far as business banking is concerned, you must live in one of the states mentioned above to be eligible to apply.

BBVA also has competitive interest rates for money-market accounts and CDs, though they do vary based upon where you live and your account balance.

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Wells Fargo

Speaking of banks with a lot of branches, Wells Fargo takes the cake on this one. With over 8,000 branches (as of 2018), Wells Fargo has by far the most. They also have over 13,000 ATMs.

All of Wells Fargo’s checking accounts have monthly fees ($10-$30), but those fees can be avoided within reason. For example, with the lowest-tier account, you can avoid the fee by having ten or more debit card transactions or direct deposits totaling $500 or more per month.

You also have access to all of the other standard banking products, such as credit cards, loans, and investing. Thus, Wells Fargo has a lot to offer, especially if you prefer having a physical location nearby.

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Ally is an online-only bank that has become more popular in recent years. You’ll have access to all of the typical banking products through Ally, such as checking, savings, auto, and home loans, and investing.

One of the main reasons people are drawn to Ally is the high-interest rate it offers on its savings accounts, which tends to hover around 2%. This rate is much higher than brick-and-mortar banks traditionally provided. Many online banks are catching on now, though.

Interest on Ally checking is modest but still higher than interest rates of the past. Also, there are no monthly fees and no minimum balance required. And although the bank is online-only, you do gain access to 43,000+ Allpoint ATMs, making it convenient to withdraw cash.

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Unlike the other banks on this list, Barclays is a global bank. Based in London, England, Barclays is popular in the UK and the US alike.

Barclays doesn’t offer quite the breadth of banking products of some other banks (no checking accounts, for example), but what they do offer is solid. Perhaps most attractive are their credit cards, which have some very lucrative sign-up bonuses, and their online savings, with interest rates among the best in the industry.

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Citibank has a lot to offer – though not everyone will be able to take advantage. For instance, they have sign-up bonuses for some of their checking accounts, but all of them have monthly fees. It’s possible to avoid the fee, but only at certain monthly balances – the lowest of which is $1,500.

And given that their checking account interest rates are under 0.05%, you may not want to keep so much cash in your checking.

Citi does offer some nice products anyone can appreciate, such as the Citi Double Cash card. And you’ll find CDs, IRAs, and lending and investment products here, too.

Bank of America

Although Bank of America’s branch footprint has shrunk significantly due in large part to mobile banking, there are still over 4,000 of them nationally. That’s fewer than Chase has now, but there’s still likely to be a branch near you.

Bank of America also has excellent customer support; you can call them from 8 a.m. to 9 p.m. 7 days a week. Plus, you can message them on Facebook or Twitter at any time.

That said, interest rates on their checking and savings accounts are quite low. There are monthly fees on their checking, which can be avoided, but only if you have at least a $10,000 balance.


Huntington offers a variety of banking products so you can pick one that matches your needs.

They offer three different checking accounts:

  • Asterisk-Free
  • Huntington 5
  • Huntington 25

None require a minimum balance, but each has different bells whistles. However, the 5 and 25 accounts have monthly fees that match their names ($5 and $25).

Huntington also offers investing, borrowing, and insurance products for personal accounts. On the business side, they have banking, loans, treasury management, and insurance.

What Is The Number 1 Bank in America?

It’s difficult to pick a true #1 bank since, with every bank on this list, you have to sacrifice at least one benefit. However, the one that is closest to having all of them is nbkc bank. Remember, their checking accounts have no monthly fees, only require a $5 deposit to open, and don’t require a minimum running balance.

Also, both their checking and savings accounts have high-interest rates, and business checking is also available. The biggest compromise you make with nbkc bank is access to physical branches (if you live outside of Kansas City), but they do give you access to 32,000 fee-free ATMs.

Who Is The Best Nationwide Bank?

The best nationwide bank, in terms of having a physical presence, has to be Chase.

Chase has over 5,000 branches and over 16,000 ATMs. In addition, many of Chase’s credit cards have some of the best sign-up bonuses and travel perks in the banking industry.

Even their checking accounts regularly have nice sign-up bonuses.

Again, the most significant thing Chase is lacking is checking/savings accounts with high-interest rates. If that is something you have to have, you may want to look elsewhere.

Which Banks Are All Over The United States?

Bank of America, Chase, and Wells Fargo easily have the largest U.S. presence of any of the best banks in terms of brick-and-mortar locations.

These three banks have combined 17,000+ branches and 45,000+ ATMs.

If you are looking for a bank with brick-and-mortar locations, any of these banks are likely to have them in your area.

Additional Disclosures: Millennial Money has partnered with CardRatings and for our coverage of credit card products. Millennial Money, CardRatings and may receive a commission from card issuers. This site does not include all financial companies or financial offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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