When it comes to finding the best bank to open a savings account, it's important to consider your individual needs and circumstances. There are a number of different types of savings accounts available, each with its own set of benefits. Here's a look at some of the best banks to open a savings account in the USA, as well as the benefits of each.
Chase Bank
Chase Bank is one of the largest banks in the United States, with more than 5,000 branches across the country. Chase offers a number of different savings account options, including a standard savings account, a Chase Premier Savings account, and a Chase SavingsPlus account.
The standard Chase Savings account requires a minimum opening deposit of $25 and offers a competitive interest rate. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Chase ATM.
The Chase Premier Savings account requires a $300 minimum opening deposit and offers a higher interest rate than the standard savings account. There is also no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Chase ATM.
The Chase SavingsPlus account requires a $10,000 minimum opening deposit and offers a tiered interest rate, depending on the account balance. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Chase ATM.
Benefits of a Chase Savings account include access to online and mobile banking, as well as a network of more than 16,000 Chase ATMs nationwide.
Wells Fargo Bank
Wells Fargo is one of the oldest and largest banks in the United States, with more than 8,000 branches across the country. Wells Fargo offers a number of different savings account options, including a standard savings account, a Wells Fargo Way2Save account, and a Wells Fargo Platinum Savings account.
The standard Wells Fargo Savings account requires a $25 minimum opening deposit and offers a competitive interest rate. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Wells Fargo ATM.
The Wells Fargo Way2Save account requires a $25 minimum opening deposit and offers a competitive interest rate. This account also comes with a unique savings feature that allows customers to automatically transfer $1 from their checking account to their savings account each time they make a purchase with their debit card. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Wells Fargo ATM.
The Wells Fargo Platinum Savings account requires a $3,500 minimum opening deposit and offers a tiered interest rate, depending on the account balance. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Wells Fargo ATM.
Benefits of a Wells Fargo Savings account include access to online and mobile banking, as well as a network of more than 13,000 Wells Fargo ATMs nationwide.
Bank of America
Bank of America is one of the largest banks in the United States, with more than 4,700 branches across the country. Bank of America offers a number of different savings account options, including a standard savings account, a Bank of America Advantage Savings account, and a Bank of America Premium Savings account.
The standard Bank of America Savings account requires a $25 minimum opening deposit and offers a competitive interest rate. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Bank of America ATM.
The Bank of America Advantage Savings account requires a $100 minimum opening deposit and offers a higher interest rate than the standard savings account. There is also no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Bank of America ATM.
The Bank of America Premium Savings account requires a $10,000 minimum opening deposit and offers a tiered interest rate, depending on the account balance. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Bank of America ATM.
Benefits of a Bank of America Savings account include access to online and mobile banking, as well as a network of more than 16,000 Bank of America ATMs nationwide.
Citibank
Citibank is one of the largest banks in the United States, with more than 700 branches across the country. Citibank offers a number of different savings account options, including a standard savings account, a Citibank Savings Plus account, and a Citibank Premier Savings account.
The standard Citibank Savings account requires a $100 minimum opening deposit and offers a competitive interest rate. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Citibank ATM.
The Citibank Savings Plus account requires a $500 minimum opening deposit and offers a higher interest rate than the standard savings account. There is also no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Citibank ATM.
The Citibank Premier Savings account requires a $10,000 minimum opening deposit and offers a tiered interest rate, depending on the account balance. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Citibank ATM.
Benefits of a Citibank Savings account include access to online and mobile banking, as well as a network of more than 22,000 Citibank ATMs nationwide.
U.S. Bank
U.S. Bank is one of the largest banks in the United States, with more than 3,000 branches across the country. U.S. Bank offers a number of different savings account options, including a standard savings account, a Silver Savings account, and a Gold Savings account.
The standard U.S. Bank Savings account requires a $25 minimum opening deposit and offers a competitive interest rate. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-U.S. Bank ATM.
The Silver Savings account requires a $100 minimum opening deposit and offers a higher interest rate than the standard savings account. There is also no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-U.S. Bank ATM.
The Gold Savings account requires a $10,000 minimum opening deposit and offers a tiered interest rate, depending on the account balance. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-U.S. Bank ATM.
Benefits of a U.S. Bank Savings account include access to online and mobile banking, as well as a network of more than 13,000 U.S. Bank ATMs nationwide.
PNC Bank
PNC Bank is one of the largest banks in the United States, with more than 2,700 branches across the country. PNC Bank offers a number of different savings account options, including a standard savings account, a PNC Virtual Wallet account, and a PNC Premier Savings account.
The standard PNC Savings account requires a $25 minimum opening deposit and offers a competitive interest rate. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-PNC ATM.
The PNC Virtual Wallet account requires a $25 minimum opening deposit and offers a competitive interest rate. This account also comes with a unique savings feature that allows customers to automatically transfer $1 from their checking account to their savings account each time they make a purchase with their debit card. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-PNC ATM.
The PNC Premier Savings account requires a $10,000 minimum opening deposit and offers a tiered interest rate, depending on the account balance. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-PNC ATM.
Benefits of a PNC Savings account include access to online and mobile banking, as well as a network of more than 9,000 PNC ATMs nationwide.
Capital One
Capital One is one of the largest banks in the United States, with more than 1,000 branches across the country. Capital One offers a number of different savings account options, including a standard savings account, a Capital One 360 savings account, and a Capital One Rewards savings account.
The standard Capital One Savings account requires a $50 minimum opening deposit and offers a competitive interest rate. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Capital One ATM.
The Capital One 360 Savings account requires a $250 minimum opening deposit and offers a higher interest rate than the standard savings account. There is also no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Capital One ATM.
The Capital One Rewards Savings account requires a $500 minimum opening deposit and offers a tiered interest rate, depending on the account balance. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Capital One ATM.
Benefits of a Capital One Savings account include access to online and mobile banking, as well as a network of more than 39,000 Capital One ATMs nationwide.
HSBC Bank
HSBC Bank is one of the largest banks in the United States, with more than 240 branches across the country. HSBC offers a number of different savings account options, including a standard savings account, an HSBC Advance Savings account, and an HSBC Premier Savings account.
The standard HSBC Savings account requires a $1 minimum opening deposit and offers a competitive interest rate. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-HSBC ATM.
The HSBC Advance Savings account requires a $500 minimum opening deposit and offers a higher interest rate than the standard savings account. There is also no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-HSBC ATM.
The HSBC Premier Savings account requires a $10,000 minimum opening deposit and offers a tiered interest rate, depending on the account balance. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-HSBC ATM.
Benefits of an HSBC Savings account include access to online and mobile banking, as well as a network of more than 24,000 HSBC ATMs worldwide.
BB&T Bank
BB&T Bank is one of the largest banks in the United States, with more than 2,100 branches across the country. BB&T offers a number of different savings account options, including a standard savings account, a BB&T Bright Banking account, and a BB&T MoneyManager account.
The standard BB&T Savings account requires a $25 minimum opening deposit and offers a competitive interest rate. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-BB&T ATM.
The BB&T Bright Banking account requires a $100 minimum opening deposit and offers a higher interest rate than the standard savings account. There is also no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-BB&T ATM.
The BB&T MoneyManager account requires a $500 minimum opening deposit and offers a tiered interest rate, depending on the account balance. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-BB&T ATM.
Benefits of a BB&T Savings account include access to online and mobile banking, as well as a network of more than 18,000 BB&T ATMs nationwide.
SunTrust Bank
SunTrust Bank is one of the largest banks in the United States, with more than 1,500 branches across the country. SunTrust offers a number of different savings account options, including a standard savings account, a SunTrust Preferred Savings account, and a SunTrust Premier Savings account.
The standard SunTrust Savings account requires a $100 minimum opening deposit and offers a competitive interest rate. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-SunTrust ATM.
The SunTrust Preferred Savings account requires a $500 minimum opening deposit and offers a higher interest rate than the standard savings account. There is also no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-SunTrust ATM.
The SunTrust Premier Savings account requires a $10,000 minimum opening deposit and offers a tiered interest rate, depending on the account balance. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-SunTrust ATM.
Benefits of a SunTrust Savings account include access to online and mobile banking, as well as a network of more than 24,000 SunTrust ATMs nationwide.
KeyBank
KeyBank is one of the largest banks in the United States, with more than 1,100 branches across the country. KeyBank offers a number of different savings account options, including a standard savings account, a Key Advantage Savings account, and a Key Privilege Savings account.
The standard KeyBank Savings account requires a $50 minimum opening deposit and offers a competitive interest rate. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-KeyBank ATM.
The Key Advantage Savings account requires a $500 minimum opening deposit and offers a higher interest rate than the standard savings account. There is also no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-KeyBank ATM.
The Key Privilege Savings account requires a $10,000 minimum opening deposit and offers a tiered interest rate, depending on the account balance. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-KeyBank ATM.
Benefits of a KeyBank Savings account include access to online and mobile banking, as well as a network of more than 18,000 KeyBank ATMs nationwide.
BMO Harris Bank
BMO Harris Bank is one of the largest banks in the United States, with more than 600 branches across the country. BMO Harris Bank offers a number of different savings account options, including a standard savings account, a BMO Harris Smart Savings account, and a BMO Harris Premier Savings account.
The standard BMO Harris Savings account requires a $25 minimum opening deposit and offers a competitive interest rate. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-BMO Harris ATM.
The BMO Harris Smart Savings account requires a $100 minimum opening deposit and offers a higher interest rate than the standard savings account. There is also no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-BMO Harris ATM.
The BMO Harris Premier Savings account requires a $10,000 minimum opening deposit and offers a tiered interest rate, depending on the account balance. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-BMO Harris ATM.
Benefits of a BMO Harris Savings account include access to online and mobile banking, as well as a network of more than 29,000 BMO Harris ATMs nationwide.
Regions Bank
Regions Bank is one of the largest banks in the United States, with more than 1,500 branches across the country. Regions Bank offers a number of different savings account options, including a standard savings account, a Regions LifeGreen Savings account, and a Regions Relationship Savings account.
The standard Regions Savings account requires a $50 minimum opening deposit and offers a competitive interest rate. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Regions ATM.
The Regions LifeGreen Savings account requires a $100 minimum opening deposit and offers a higher interest rate than the standard savings account. There is also no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Regions ATM.
The Regions Relationship Savings account requires a $10,000 minimum opening deposit and offers a tiered interest rate, depending on the account balance. There is no monthly service fee for this account, but there is a $5 fee for each withdrawal made at a non-Regions ATM.
Benefits of a Regions Savings account include access to online and mobile banking, as well as a network of more than 16,000 Regions ATMs nationwide.
Updated February 13, 2023