LOS ANGELES, Dec. 14, 2016 /PRNewswire/ -- To help connect Americans to the best banks and accounts of 2017, leading personal finance website, GOBankingRates, is releasing its annual "Best Banks" rankings. Results for each of the Best Bank categories will go live on Jan. 9, 2017.
To determine the winning institutions, GOBankingRates surveyed the FDIC's list of banks sorted by asset size, excluding non-active institutions, investment banks and any institutions that require customers to use investment services to access commercial bank accounts. Of the banks surveyed, 28 are online-only and 72 are brick-and-mortar institutions. GOBankingRates assessed these financial institutions to determine the best banks in five categories:
- Best Online Bank
- Best National Bank
- Best Savings Account
- Best Checking Account
- Best CD Account
On Jan. 9, the top 10 banks will be named in each of the five categories, but you can get a sneak peek of all of the finalists here: https://www.gobankingrates.com/banking/announcing-best-banks-2017/
The following critical factors were considered among the criteria GOBankingRates used to determine the winners of the Best Banks of 2017 study:
- Interest rates
- Monthly fees
- Minimum balance requirements
- Customer service
"For the fifth year running, GOBankingRates worked to compile its Best Banks rankings to provide our millions of users with the latest consumer financial information," said Brett Rossmann, GOBankingRates CEO. "By showcasing the winning banks and products, we hope consumers use our research to make the best decisions for their money in 2017."
Check back with GOBankingRates.com on Monday, Jan. 9 to find out the No. 1 best bank and runners-up in each category and the full methodologies behind the study.
GOBankingRates.com is a personal finance news and features website dedicated to helping visitors live a richer life. From tips on saving money, to investing for retirement or finding a good interest rate, GOBankingRates helps turn financial goals into milestones and money dreams into realities. Its content is regularly featured on top-tier media outlets including MSN, MONEY, AOL Finance, CBS MoneyWatch, Business Insider and dozens of others. GOBankingRates specializes in connecting consumers with the financial institutions and products that best match their needs. Start your journey toward a rich mind and full wallet with us here.
Katie Johnston, Media Relations
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