MyBankTracker Announces the Best of Banking Awards for 2021
Chase and Ally Bank among top national and online banks, respectively
FOSTER CITY, Calif., Dec. 17, 2020 /PRNewswire/ -- MyBankTracker.com, a financial comparison site, today announces the 2021 winners for its best of banking awards. The editorial staff compares, reviews and ranks hundreds of financial institutions and products across 24 categories, including the top national banks, online banks, savings accounts, checking accounts, credit cards, brokerages and more.
The Best of Banking Awards for 2021 mark the 11th year that the site distributes its annual list of the best financial options on the market -- with the mission to help consumers improve their finances, whether that is to reach savings goals faster, spend smarter or invest more.
Best National Banks
National banks are convenient for consumers who prefer to conduct their banking in person.
The winners for the best national banks are:
- Chase - full range of deposit accounts, lucrative credit cards and extensive financial services and investment offerings with a large branch and ATM network, highly-rated customer service and an intuitive mobile app; offers a program that provides free credit scores to everyone
- PNC Bank - offers a high-yield free checking account with no monthly fee that allows money to be separated into spending, saving or growing; free ATM access worldwide
- TD Bank - its branches offer extended business hours, including weekends and some major holidays
Best Online Banks
Online banks tend to offer better interest rates and charge lower fees.
The winners for the best online banks are:
- Axos Bank - offers a large suite of financial products and services that are among the best on the market with the majority of accounts having no monthly fee, and some offer unlimited domestic ATM fee refunds; savings and borrowing rates are consumer-friendly
- Ally Bank - one of the largest online-only banks known for consistently-competitive rates, consumer-friendly fee policies and impressive online and mobile banking features
- Discover Bank - offers a wide array of deposit and retirement accounts with strong interest rates and no fees
Best Savings Accounts
With a high-yield savings account, consumers can maximize the growth of their savings and reach their financial goals faster.
The best savings accounts are:
- Ally Bank Online Savings Account - competitive savings rates with nifty savings tools and programs
- American Express High Yield Savings Account - no monthly fee or minimum balance requirement with consistently competitive rates
- Discover Online Savings Account - consistently high interest rates, no monthly fee and great mobile banking apps
Best Cash Back Credit Cards
Consumers should consider credit cards that reward their particular spending patterns.
Our most-recommended cash back credit cards include:
- Citi Double Cash - simple cash back rewards on all spending, no annual fee, extra 1% cash back earned with on-time monthly payments
- American Express Blue Cash Preferred - high cash back rates on groceries, gas stations and transit and can carry a balance from month to month with no added fee
- Chase Freedom Unlimited - earn higher cash back rates on common everyday purchases, no minimum to redeem cash back and no annual fee
Best Brokerages
Ten of the largest brokerages in the United States are reviewed.
These are the top three brokerages for 2021:
- Vanguard - low-cost index funds and ETFs
- Fidelity - no commission fees to trade U.S. stocks, ETFs and options
- Schwab - fractional trading with no minimum deposit
"Following a year of economic uncertainty, it's crucial for consumers to choose the right bank account and financial products," says Simon Zhen, the personal finance site's senior research analyst and lead curator of the awards. "What suits one consumer may not be the right fit for another. We were founded at the height of the Great Recession to bring transparency to consumers and help change the way they bank. Now in our 11th year, we find ourselves in a different economic crisis. We hope this year's list acts as a starting point for those looking to streamline their banking, make the most of their hard-earned money and grow their investment portfolio in 2021."
Methodology
The MyBankTracker editorial staff analyzes and compares the top financial institutions and products in the U.S. to award winners for providing consumers with the best options for their money. For the methodology for each award, click on that section within the article.
For the full list of winners in each of the categories and more information on the participating banks and financial products, visit MyBankTracker.com/banking.
About MyBankTracker
MyBankTracker is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a leader in providing performance marketplace technologies and services to the financial services and home services industries. QuinStreet is a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. The company is committed to providing consumers with the information and tools they need to research, find and select the products and brands that meet their needs. MyBankTracker is a member of QuinStreet's expert research and publishing division.
MyBankTracker is an independent comparison website helping consumers make smart banking and financial decisions. The mission is to match consumers to their perfect bank by providing and tracking in-depth information on more than 5,000 banks, credit unions and financial products. Using a combination of technology and money management expertise, MyBankTracker provides personal finance comparison tools and educates consumers to optimize their relationships with banks and lenders.
Twitter: @mybanktracker
Facebook: https://www.facebook.com/mybanktracker
Media contact
Amy Eury
Public Relations Manager
412-532-9352
[email protected]
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SOURCE MyBankTracker.com
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