The Best Bank for You, 2022
Check out our list of the best candidates for your next financial institution based on interest rates, fees and other features.

If you’re searching for a better banking relationship, check out our sixth annual rankings of the best financial institutions among national banks, internet banks and credit unions, as well as the best institutions for three client profiles: high-net-worth clients, retirees and families with kids.
We enlisted the help of financial-data provider Curinos, which compiled information on interest rates, fees and other features on the 39 institutions we studied. To better reflect recent changes in bank policies, we added data on overdraft grace periods (alongside other overdraft data we’ve been examining for years) and early availability for checking-account funds as criteria in our rankings. And compared with previous years, we’ve tweaked how student and senior checking accounts are evaluated in the rankings of national banks, credit unions and internet banks, shifting emphasis to whether institutions have dedicated accounts for those groups.
- Best National Banks
- Best Internet Banks
- Best Credit Unions
- Best Banks for High-Net-Worth Clients
- Best Banks for Retirees
- Best Banks for Families With Kids
Interest rates listed here are as of early June. Before you commit to a bank, check its current yields. With overall rates on the rise, some yields are likely to adjust after our publishing date.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
How We Choose The Top Financial Institutions
With data from Curinos, a financial-data provider, as well as from financial institutions and other sources, we evaluated 13 national and large regional banks, 13 internet banks (including online accounts from brokerage firms) and 13 credit unions. We reviewed checking accounts, savings accounts, money market deposit accounts and certificates of deposit from each institution. We looked at interest rates; minimum deposit and balance requirements; monthly maintenance fees and the ease of waiving those fees; ATM benefits, such as waived or reimbursed fees for out-of- network withdrawals; free or discounted benefits, such as personal checks, cashier’s checks, paper statements and overdraft-protection transfers; overdraft fees and concessions, such as cushions and grace periods; and online and mobile banking features, such as the availability of peer-to-peer payment services.
Data is obtained from public sources; accuracy and completeness is not guaranteed. Curinos is not liable for reliance on the data.
Lisa has spent more than15 years with Kiplinger’s Personal Finance and heads up the magazine’s annual rankings of the best banks, best rewards credit cards, and financial-services firms with the best customer service. She reports on a variety of other topics, too, from retirement to health care to money concerns for millennials. She has shared her expertise as a guest on the Today Show, CNN, Fox, NPR, Cheddar and many other media outlets around the nation. Lisa graduated from Ball State University and received the school’s “Graduate of the Last Decade” award in 2014. A military spouse, she has moved around the U.S. and currently lives in the Philadelphia area with her husband and two sons.
-
-
Earn $250 Just By Saving For Retirement
The first 401(k) cash-back program, by Human Interest, pays you to save.
By Erin Bendig • Published
-
Hobby Income: What It Is and How It’s Taxed
Hobby income isn’t subject to self-employment tax, but will the IRS consider your hobby a business?
By Katelyn Washington • Last updated
-
1-Year CD Rates June 2023
Savings Many 1-year CD accounts are already offering rates of 5% or more. We look at the options on the market.
By Erin Bendig • Last updated
-
Mortgage Rates and Payments Keep Rising, Creating Market Misery
Mortgages Current mortgage rates and payments continue to rise resulting in buyer demand stalling and housing sentiment at low levels.
By Erin Bendig • Published
-
CD Rates Are Rising, Shop Around to Get the Best Returns
High-interest CD rates are back — shop around for the best 5%+ deals.
By Erin Bendig • Last updated
-
U.S. Household Debt Hit a Record $16.90 Trillion in 2022
Household debt hit a record $16.90 trillion at the end of 2022, jumping $394 billion in the fourth quarter of the year alone.
By Erin Bendig • Published
-
Want to Earn More Money? Consider These Five Ways
Instead of simply vowing to save more money, why not commit to earning more? You could ask for a raise, try a side hustle or switch to a bank offering a higher savings rate.
By Erin Wood, CFP®, CRPC®, FBSⓇ • Published
-
Interest on Bank Accounts Too Low? Consider Changing Banks
As the Federal Reserve continues to raise interest rates, more consumers have incentive to switch banks to earn more interest on their checking and savings accounts.
By Brian Barnes • Published
-
Will Savings Rates Go Up in 2023?
National savings rates have been rising steadily since March 2022, but that could soon change. Should you switch now?
By Erin Bendig • Last updated
-
January CPI Report: What the Experts Are Saying About Inflation
CPI Although inflation continued to ease last month, the CPI report still ensures more rate hikes from the Federal Reserve.
By Dan Burrows • Published