The Best Bank for You, 2023

Whether you want juicy yields, low (or no) fees or perks galore, you’ll find what you’re looking for with our top banks and credit unions.

An illustration showing how to weigh the best banks.
(Image credit: Illustration by Kotrina Zukauskaite)

Recent bank failures have many Americans feeling less than confident in financial institutions. In February — the month before large regional banks Silicon Valley Bank and Signature Bank collapsed—the National Endowment for Financial Education (NEFE) polled U.S. adults about their opinions of financial institutions. Then, in early April, NEFE conducted another poll that posed the same questions. 

Those reporting that they have faith and confidence in the financial system dropped from 45% to 39% from the first poll to the second. And the painful drama wasn’t over. In early May, the Federal Deposit Insurance Corp. (FDIC) seized the struggling First Republic Bank and sold it to JPMorgan Chase

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Lisa Gerstner
Editor, Kiplinger Personal Finance magazine

Lisa has been the editor of Kiplinger Personal Finance since June 2023. Previously, she spent more than a decade reporting and writing for the magazine on a variety of topics, including credit, banking and retirement. 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.