Top Picks for Banking Services: A Fuss-Free Guide
Discover: A One-Stop Shop with a Kick
- Products: Checking, savings, money market accounts (MMAs), certificates of deposit (CDs), credit cards, personal/home loans
- ATM Network: Allpoint, MoneyPass; over 95,000 ATMs
- Max APYs: 3.40% for savings, 3.45% for MMAs
Top Performing Digital Banking Institutions of July 2025
Discover, a widely acclaimed national bank, boasts impressive customer satisfaction scores, comparable only to American Express. With a rating of 4.86/5, this bank excels in providing a plethora of basic banking services, from checking accounts to loans.
Discover's interest rates may not top the charts, but they're enough to keep your money growing. The Cashback checking account, for instance, rewards 1% cash back on up to $3,000 spent monthly and certain Discover credit cards offer up to 5% back on select purchases.
Axos: King of Savings
- Products: Checking, savings, CDs, personal/home loans, investing, business
- ATM Network: Allpoint, MoneyPass; over 95,000 ATMs
- Max APYs: 4.66% for savings, 3.30% for checking
Axos savings account offers an astounding 4.66% APY, almost equaling the best deals out there. This rate is available with no strings attached if you meet either of the following requirements each month:
- Receive $1,500 or more in total qualifying direct deposits and maintain an average daily balance of over $1,500.
- Receive $5,000 or more in total qualifying deposits (not direct deposits) and maintain an average daily balance of over $5,000.
If you don't meet the requirements, the APY takes a nosedive, but Axos offers another savings account (Summit Savings) with a reasonable APY and no requirements.
EverBank: Savings Lovers' Paradise
- Products: Checking, savings, money market accounts (MMAs), certificates of deposit (CDs), credit cards, investing, business
- ATM Network: Allpoint, MoneyPass; 95,000+ ATMs
- Max APYs: 4.30% for savings, 4.00% for MMAs
EverBank may not be the flashiest, but it entices with compelling interest rates on savings accounts, MMAs, and CDs. If you plan to store a sizeable sum with a single bank, make sure it's entirely covered with FDIC insurance. EverBank's CDARS CD offers up to $50 million in protection by distributing the deposits across banks within the network.
American Express: Luxury Cultural Capital
- Products: Checking, savings, certificates of deposit (CDs), credit cards, personal loans, business
- ATM Network: Allpoint, MoneyPass; 95,000 ATMs
- Max APYs: 3.60% for savings, 1.00% for checking
American Express, renowned for its luxurious credit cards, sports the highest overall customer satisfaction rating (4.88/5). Their credit cards boast avant-garde rewards and benefits, including airport lounge access, shopping, travel, and entertainment perks.
For deposits, American Express offers competitive yet marginally lower rates, but their credit cards are in a league of their own, boasting a multitude of benefits and rewards.
Capital One: A Bank for Tomorrow
- Products: Checking, savings, CDs, credit cards, business
- ATM Network: Capital One, Allpoint, MoneyPass; over 95,000 ATMs
- Max APYs: 3.50% for savings, 0.10% for checking, 4.00% for CDs
Capital One's MONEY Teen Checking caters to young children, offering joint accounts with no monthly fees or minimums, perfect for teaching good financial habits before independence. Capital One's credit card lineup is comprehensive, covering every possible type of card.
Standout Savings Accounts (June 2025)
The table below summarizes some of the best high-yield savings accounts currently available, offering strong APYs, user-friendly terms, and minimum deposit/balance requirements.
| Bank | APY | Minimum Deposit to Open | Balance Requirement for Top APY | Notes ||-----------------------|--------------|------------------------|---------------------------------|--------------------------------|| EverBank | 5.15% | $0 | None | Online, no monthly fees || Openbank | 4.40% | $500 | None | Online bank || LendingClub | 4.40% | $0 | None | Online only || TAB Bank | 4.26% | $0 | None | No fees || Bask Bank | 4.20% | $0 | None | Online only || Newtek Bank | 4.35% | $0 | None | Online only || Capital One 360 | ~3.60% | $0 | None | Branch & online access || Marcus by Goldman Sachs| 3.65% | $0 | None | Online only || Ally Bank | 3.60% | $0 | None | Online only |
These accounts are exemplary choices for maximizing returns, offering strong APYs alongside user-friendly terms, such as low or no minimums and minimal charges. EverBank, with its 5.15% APY, ranks among the highest without any deposit or balance requirements. A variety of other banks also offer competitive APYs without stringent conditions, making it easier to save and grow your money. Choose wisely based on convenience, APY, and the unique features offered by these exceptional options.
- The interest rates offered by Discover in their savings and money market accounts are competitive with the personal-finance industry, making it an attractive choice for individuals seeking to grow their money.
- EverBank, a bank renowned for its compelling interest rates, offers a maximum APY of 5.15% on savings accounts, making it an excellent option for those looking for high returns in the banking-and-insurance industry.
