In a thorough examination of national and online banks, GOBankingRates will release its best banks rankings for the best national bank, online bank, checking account, savings account and CD accounts of 2016 on Jan. 12
LOS ANGELES, Jan. 5, 2016 /PRNewswire/ -- To help connect Americans to the best banks and bank accounts of 2016, leading personal finance and consumer banking website GOBankingRates.com is releasing its fourth annual "Best Banks" rankings.
For details on the Best Banks of 2016, visit: http://www.gobankingrates.com/banking/announcing-best-banks-2016/
To find the best financial institutions that meet consumers' needs, the Best Banks of 2016 report examined products and services from 120 banks, including the top 100 FDIC-insured banks by asset size. Out of the 120 banks surveyed 90 are brick-and-mortar banks, 11 are online-only banks, and an additional 19 are online-only banks that offer services nationally. These financial institutions were ranked to find the best banks in five categories:
The top 10 banks will be named in each of the five categories.
Important factors considered when determining the rankings include, among other factors:
"Your bank is your financial home, and it has a huge impact on your money, for better or worse," said Elyssa Kirkham, Best Banks 2016 spokesperson for GOBankingRates.com. "Making a change to a better bank could be the difference that helps you achieve your money goals in the New Year. That's why we surveyed banks to find the best: so consumers have a guide to the financial products that will grow their money, meet their needs and offer real value."
Based on the methodologies, 31 banks ranked in the top 10 across the five categories.
The best banks of 2016 are:
| Ally Bank |
CIT BANK |
iGObanking.com |
| AloStar Bank of Commerce |
Citibank |
MySavingsDirect |
| American Express Bank |
Discover Bank |
Nationwide Bank |
| Arvest Bank |
EverBank |
PNC Bank |
| Bank of America |
First Internet Bank |
Sallie Mae Bank |
| Bank of Internet USA |
First Midwest Bank |
Simple Bank |
| Bank5 Connect |
First Niagara Bank |
State Farm Bank |
| Barclays Bank Delaware |
FNBO Direct |
Synchrony Bank |
| Capital One |
Great Western Bank |
U.S. Bank |
| Charles Schwab Bank |
HSBC Bank USA |
Wells Fargo Bank |
| Chase Bank |
Check back with GOBankingRates.com on Tuesday, Jan. 12, 2016, to see which banks ranked in each category as well as the No. 1 best bank in each category and the full methodologies for each category.
About GOBankingRates
GOBankingRates.com is a leading portal for personal finance and consumer banking information, offering visitors the latest on everything from finding a good interest rate to strategies for saving money, investing for retirement and getting a loan. Its editors are regularly featured on top-tier media outlets, including U.S. News & World Report, Forbes, Business Insider, Daily Finance, Huffington Post and more. It specializes in connecting consumers with the best financial institutions and banking products nationwide.
Contact:
Connie Lundegard, Media Relations
GOBankingRates.com
[email protected]
310-297-9233 x112
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SOURCE GOBankingRates
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