LOS ANGELES, Dec. 12, 2017 /PRNewswire/ -- For the sixth year in a row, leading personal finance website GOBankingRates is releasing its annual Best Banks rankings. Results for each of the Best Banks of 2018 categories will go live on Jan. 9, 2018.
GOBankingRates' Best Banks initiative is back and with some brand new additions. With Best Banks of 2018, GOBankingRates will provide readers with a useful resource to find the ideal bank for their needs and will recognize banks that provide the most value to their customers. The initiative was designed with the consumer in mind, providing an objective and extensive analysis of the leading financial institutions in the United States, with categories created around the most in-demand and high-value banking features and products.
Best Banks of 2018 is honoring the top bank in five different categories, plus 10 additional editors' picks awards. Editors' picks have a single winner chosen for standout factors by the research and editorial staff. The categories were chosen based on audience interest and diversity, and the winners reflect banks that excelled in a certain area over the other finalists.
Unlike other best banks listings, GOBankingRates takes into account more than just interest rates. More than 100 banks are reviewed, and the top 10 banks in each of the five categories are chosen based on several critical factors. By focusing on the true needs of the customer, GOBankingRates provides a clear and concise explanation of what each bank has to offer so consumers can easily choose the best bank for them.
To rank the best banks, GOBankingRates analyzed 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. This list of 110 banks includes 82 brick-and-mortar banks and 28 online-only banks, according to the GOBankingRates database.
Additional factors considered were BauerFinancial Star Rating for overall financial strength and selection of products, such as auto loans, mortgage loans, investing services and more.
The categories for Best Banks of 2018 are:
- Best Online Bank of 2018
- Best National Bank of 2018
- Best Savings Account of 2018
- Best Checking Account of 2018
- Best CD Account of 2018
On Jan. 9, 2018, the list of winners will be released, but you can take a sneak peek at the 30 finalists, here: Best Banks of 2018.
"GOBankingRates strives to educate Americans on the best banks each year determined by what they offer to consumers," said Jeff Bartlett, President of GOBankingRates. "Our research team is excited to share their annual findings with our millions of monthly readers of GOBankingRates.com."
Check back with GOBankingRates on Tuesday, Jan. 9, 2018 to find out the No. 1 best bank and runners-up in each category, as well as editors' picks and the full methodology 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 towards a rich mind and full wallet with us here.
Kim Dahlgren, Media Relations