Choosing a Bank: Reviews to Guide Your Decision

MoneyRates highlights the latest offers from a variety of banks. Browse through these for the details on each bank’s strengths and weaknesses.

The Latest Reviews of Major Banks

MoneyRates can save you time shopping for a bank by doing some of the research for you. Read these articles for:

  • The latest on savings accounts from Ally Bank, Bank of America, Barclays, CIT, HSBC, Marcus, UFB and more
  • Finding new account bonuses and other promotions
  • Tips about online savings accounts and CDs

What to Look for When Choosing a Bank

Research from MoneyRates can point out some of the key things you should look for when choosing a bank, including:

  • APYs, minimum account balances, monthly maintenance fees and other account features
  • State-of-the-art bank customer service
  • FDIC insurance

Choosing the right bank can mean more money in your account at the end of the year. The choice is yours, but MoneyRates can help you with the shopping.

Capital One Proposes a Merger with Discover: How Could It Affect Banking Consumers?

Kristin Marino
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The fourth-largest credit card company in the U.S. may be poised to get bigger. In a stock-only deal worth an estimated $35 billion, Capital One plans to acquire Discover® Financial Services, the sixth-largest credit card company in the U.S., providing the plan passes regulatory and shareholder muster. If all goes as planned, the acquisition will be completed… Continue reading Capital One Proposes a Merger with Discover: How Could It Affect Banking Consumers?

Is It Worth It to Switch to an Online Bank?

Madeline Marino
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With higher interest rates for savings accounts and CDs and lower or no fees for checking accounts, online financial institutions are quickly becoming a popular alternative to brick-and-mortar banks. Online banking provides customers the opportunity to do most banking functions from personal computers and mobile devices, without having to go to a physical bank location.… Continue reading Is It Worth It to Switch to an Online Bank?

Guide to Online Banking: How to Find the Best Online Bank

Rob Sabo
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Long before it became possible to manage your financial affairs with a few keyboard strokes and mouse clicks, people had to visit bank branches to complete their banking business physically. Sure, you could take a few $20s out of your account using the automated teller outside, but most transactions required you to work directly with… Continue reading Guide to Online Banking: How to Find the Best Online Bank

What Is a Neobank?

Gina Pogol
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Neobanks are disrupting the banking industry with their low fees and ease of use. They provide a mobile-friendly alternative for consumers who want fast, simple, and cheap banking services. Before you rush to open a neobank account, however, you’ll want to understand their pros and cons, safety concerns, and how they work. Neobanks have developed… Continue reading What Is a Neobank?

Live Oak Bank Review: Savings, Money Markets, and CDs

Rebecca Lake
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Live Oak Bank is an online bank offering high yield savings accounts and CDs. Learn more about how it works to help decide if it’s the right bank for you.

Salem Five Direct Bank Review: Savings, Money Markets, & CDs

Rebecca Lake
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Salem Five Direct is an online bank offering savings accounts, checking accounts and CDs. Read more about how this bank works to help decide if it’s right for you.

Increased Digital Banking Should Push More Consumers to Online Banks

Simon Zhen
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The COVID-19 pandemic has given consumers the opportunity to experience the convenience of digital banking out of necessity. It seems like the trend in banking habits will become a permanent shift that could also help them reduce fees and find better interest rates.

Banks vs. Credit Unions: How to Decide

Richard Barrington
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Reevaluating your banking situation can put you in a better financial situation if you understand your priorities and what you value in a bank. Here’s how to make this important decision among some very good options.

Best Bank Bonuses and Promotions of 2024

Rebecca Lake
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Taking advantage of a bank bonus can make opening a new account more rewarding. Learn more about the best bank bonuses offered to help you decide which ones are right for you.

Best National Banks of 2024

Richard Barrington
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Looking for a bank with convenient locations throughout much of the country? There are relatively few choices, but they cover a lot of ground. MoneyRates.com breaks down the best of these national banks for a variety of needs.

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