Best Credit Unions
Credit unions are not-for-profit institutions owned by their members. Those listed here are open to anyone in the U.S.; if you are not eligible based on geographic or employer affiliations, use the method listed in the “How to join” section to become a member.
- (opens in new tab)
- (opens in new tab)
- (opens in new tab)
- Newsletter sign up Newsletter

- Best National Banks
- Best Internet Banks
- Best Banks for High-Net-Worth Clients
- Best Banks for Retirees
- Best Banks for Families With Kids
GOLD: Alliant Credit Union
www.alliantcreditunion.org (opens in new tab)
Why it won: Alliant offers a straightforward, strong set of accounts.
Standout accounts: High-Rate Checking yields 0.25% if you meet two simple requirements. High-Rate Savings boasts a 0.75% yield.

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.
Where it is: Alliant operates fully online.
How to join: Become a member of the Foster Care to Success charity (Alliant pays the $5 membership fee on your behalf). You must also open a savings account; Alliant makes a complimentary $5 deposit for you.
Alliant’s free High-Rate Checking account provides a 0.25% yield if you receive electronic statements and have one monthly electronic deposit (including direct deposits, ATM deposits, mobile deposits and transfers from other institutions) into the account. You’re reimbursed up to $20 per month in out-of-network ATM fees, and the first box of checks is free. Teens ages 13 to 17 can use a similar checking account.
The High-Rate Savings account offers a 0.75% rate if you keep a balance of at least $100, and it’s free if you get electronic statements ($1 monthly for paper statements). Children 12 and younger can use a version of the account called the Kids Savings Account. CDs require a $1,000 minimum, and yields recently ranged from 1.5% on a CD with a maturity of 12 to 17 months to 2.8% for a five-year CD.
SILVER: Connexus Credit Union
www.connexuscu.org (opens in new tab)
Why it won: Connexus has an appealing grouping of free checking accounts, and its certificate of deposit yields were recently among the best in the country.
Standout accounts: Xtraordinary Checking yields 1.75% if you meet monthly activity requirements. Rates on CDs ($5,000 minimum) recently ranged from 2.26% for a one-year maturity to 3.21% for a five-year term.
Where it is: Several branches in Minnesota and Wisconsin.
How to join: Make a one-time, $5 donation to charity Connexus Association and deposit $5 or more into a savings account.
Connexus offers a free basic checking account as well as Xtraordinary Checking, which yields 1.75% on up to $25,000 and reimburses up to $25 monthly in out-of-network ATM fees if each month you receive electronic statements and either spend $400 on your debit card or make 15 purchases with it. Teen Checking yields 2% on balances of up to $1,000.
Connexus’s savings account yields 0.25% if you have a balance of at least $100. Rates for the money market account depend on the balance and recently went as high as 1.1%.
BRONZE: Bellco Credit Union
www.bellco.org (opens in new tab)
Why it won: Most anyone can find an agreeable option among Bellco’s checking accounts.
Standout accounts: Boost Interest Checking yields 2.25% on up to $25,000 if you meet activity requirements. The Premier Money Market Account has a 0.5% rate on balances of $50,000 or more.
Where it is: More than two dozen Colorado branches, mostly in the Denver area.
How to join: If you live outside of Colorado, join the Bellco Foundation with a donation of at least $10. You must also pay a one-time, $5 membership fee and deposit $25 into a savings account.
Bellco’s Boost Interest Checking account yields an enticing 2.25% on up to $25,000 for those who meet monthly requirements of making 15 debit card purchases, having at least one direct deposit, and logging in to online or mobile banking. Platinum Checking comes with several perks—including free personal checks, cashier’s checks, money orders, wire transfers and overdraft transfers—and waives the $12 monthly fee if you have a combined balance of at least $15,000 in deposits and loans with Bellco.
Among savings options, the Youth Savings Account has a 2% rate on balances of up to $500. The Premier Money Market Account has a rate as high as 0.5%, but you have to keep a balance of at least $10,000 to avoid a $10 monthly fee.
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.
-
-
Trusting Fintech: Four Critical Moves to Protect Yourself
A few relatively easy steps can help you safeguard your money when using bank and budgeting apps and other financial technology.
By Shane W. Cummings, CFP®, AIF® • Published
-
Four Ways Women Can Take Control of Their Financial Health
Adjusting for life events, taking advantage of workplace benefits and preparing for caregiving can make a big difference in your financial future.
By Kate Winget • Published
-
Best Cash Back Credit Cards March 2023
Smart Buying Looking for the credit card that pays the most cash back? These lenders may pay hundreds of dollars, with minimum hassle.
By Lisa Gerstner • Last updated
-
I-Bond Rate Is 6.89% for Next Six Months
Investing for Income If you missed out on the opportunity to buy I-bonds at their recent high, don’t despair. The new rate is still good, and even has a little sweetener built in.
By David Muhlbaum • Last updated
-
What Are I-Bonds?
savings bonds Inflation has made Series I savings bonds enormously popular with risk-averse investors. How do they work?
By Lisa Gerstner • Last updated
-
Your Guide to Open Enrollment 2023
Employee Benefits Health care costs continue to climb, but subsidies will make some plans more affordable.
By Rivan V. Stinson • Published
-
Watch Out for Flood-Damaged Cars from Hurricane Ian
Buying & Leasing a Car In the wake of Hurricane Ian, more flood-damaged cars may hit the market. Car prices may rise further because of increased demand as well.
By Bob Niedt • Last updated
-
What You Need to Know About Life Insurance Settlements
life insurance If your life insurance payments don’t seem worth it anymore, consider these options for keeping the value.
By David Rodeck • Published
-
Best Travel Rewards Credit Cards March 2023
credit cards Business road warriors and leisure travelers can use travel rewards credit cards to turn miles logged into other things — including more travel.
By Lisa Gerstner • Last updated
-
What Is APR?
Even for those who pay off their credit card balances every month, knowing your APR is part of keeping good credit habits.
By Rivan V. Stinson • Last updated