GOBankingRates Announces 4th Annual "Best Banks" Rankings of 2016

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

Jan 05, 2016, 07:15 ET from GOBankingRates

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:

  • Best National Banks
  • Best Online Banks
  • Best Checking Accounts
  • Best Savings Accounts
  • Best CD Accounts

The top 10 banks will be named in each of the five categories.

Important factors considered when determining the rankings include, among other factors:

  • Interest rates
  • Monthly fees
  • Minimum balance requirements
  • Customer service
  • Accessibility

"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
conniel@gobankingrates.com 
310-297-9233 x112

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SOURCE GOBankingRates



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