When it comes to storing your money, you want the safest option. Keep reading to learn all about the safest banks in the U.S.
The Safest Banks in the U.S.
When it comes to your money, the importance of safety and security can't be overstated.
And banks face a variety of threats today: hackers, ransomware, data leaks, and even bank failure.
So, where's the safest bank to keep your money? Dive into this guide and find out which banks are the safest in the U.S.
Which of these banking safety issues are you most concerned about?
How many banks have failed? Over 480 banks failed between 2008 and 2013, according to the FDIC.[1]
Safest Savings Accounts to Store Your Money
Looking for a safe haven for your hard-earned money? Here are the best FDIC or NCUA insured savings accounts that also offer attractive returns.
Safest savings accounts with high APYs:
- Cloudbank 24/7:
High Yield Savings Account - 5.26% APY - Western Alliance Bank:
High Yield Savings Account - 5.26% APY - GreenState Credit Union:
High-Yield Savings Account - 5.16% APY - Mission Valley Bank:
High Yield Savings Account - 5.12% APY - Upgrade:
Premier Savings - Up to 5.07% APY - CIT Bank Platinum Savings:
5.05% APY - Adda Bank:
High Yield Savings Account - 4.90% APY - First Mid Bank & Trust:
High Yield Savings Account - 4.80% APY - Liberty Savings Bank:
High Yield Savings Account - 4.60% APY - Quontic:
High Yield Savings - 4.50% APY
Member FDIC
Discover Online Savings - $200 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY124 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 03/14/24, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
Expires 3/14/2024
Member FDIC
CIT Bank Platinum Savings - 5.05% APY
- 5.05% APY with a balance of $5,000 or more
- 0.25% APY with a balance of less than $5,000
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
Lock in a high APY with these top CDs:
- Ponce Bank:
3 Month High-Yield CD - 5.40% APY - SkyOne Federal Credit Union:
5-Month High-Yield CD - 5.40% APY - Sallie Mae Bank:
14-Month High-Yield CD - 5.40% APY - The State Exchange Bank:
4-Month High-Yield CD - 5.35% APY - American First Credit Union:
12-Month High-Yield CD - 5.30% APY - mph.bank:
10-Month High-Yield CD - 5.30% APY - Quontic:
1 Year CD - 5.30% APY - Blue Federal Credit Union:
15-Month High-Yield CD - 5.25% APY - Discover Bank:
1 Year CD - 5.20% APY - Patriot Bank:
13-Month High-Yield CD - 5.15% APY
Are National Banks Safer?
With recent bank failures, you may wonder "are national banks safer than smaller, local banks?"
National banking titans, like Chase, do have certain advantages, such as:
- Robust security measures: National banks invest heavily in cutting-edge security to protect your funds and personal data against threats.
- Financial stability: Their vast assets and diverse portfolios help buffer against market swings.
- Federal oversight: National banks are subject to stringent regulations by federal agencies to guarantee compliance.
Plus, the largest national banks are often considered "too big to fail". This is the theory that they're so crucial to the economy that collapse would cause major disaster. So the government is likely to step in and support them to avoid failure.
As of end 2022, the U.S. banks considered "too big to fail" include Chase, Bank of America, Citigroup, and Wells Fargo.[2]
However, whether it's a national or local bank, your money is protected as long as the bank is a member of the FDIC. This insures your deposits up to $250,000.
Explore a curated list of offers from top-tier banks. Find a solution that aligns with your safety and financial needs.
Citi Priority - Earn up to $2,000 Cash Bonus
Expires 1/9/2024
- Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day
- New to Relationship customers can choose their RelationshipTier.
- Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
- Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
- If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
- Bonus will be paid within 30 days after you successfully complete all required activities.
- Restrictions apply.
Member FDIC
Chase Total Checking® - $200 Bonus
Expires 1/24/2024
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Member FDIC
Bank of America Advantage Banking - $200 Bonus Offer
Expires 1/31/2024
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 1/31/2024.
- To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new account within 90 days of opening.
- Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- Bank of America, N.A. Member FDIC.
What do you feel is the safest way to bank?
Safest Banks in the U.S.
Below, review the safest banks in the U.S. Compare and explore the security features they employ to keep your money safe.
JPMorgan Chase
Member FDIC
Chase
Pros:
| Cons:
|
Our Review: 
(3.6) Chase has new customer bonuses and a strong nationwide presence. But there are drawbacks. Read this review to see if Chase is a good bank for you...
JPMorgan Chase, or simply known as Chase, is a bank with a very long history in business, founded over 220 years ago in September 1799.
Today, they have over 4,700 branches and more than 15,000 ATMs. It's the only bank to have a physical presence in all 48 contiguous states.
With over $3.38 trillion in assets as of 2023, Chase is the largest of the "big four" banks in the U.S. It serves over 66 million American households and over 5 million small businesses.
FDIC Insured: Yes
| Security Features | Description |
|---|---|
| Account Alerts | Chase will send you transaction alerts to help you spot suspicious activity on your accounts. If they find you cannot be reached, they may put a temporary hold on your account. |
| Two-Factor Authentication | Prevents unwanted login to your accounts. They will employ extra precautions for unrecognized devices. |
| Controlled Access | Chase will require passwords whenever providing your banking information to third-party businesses. |
| Fraud Prevention Resources | Chase has support teams ready to help you in case you think you've been the victim of fraud. |
| Data Encryption | 128-bit encryption protects your banking data. |
Chase is known for its great checking options. It has accounts not offered by some other banks, like student checking and second chance checking. And they even offer bonuses for new customers.
Member FDIC
Chase Total Checking® - $200 Bonus
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Expires 1/24/2024
Member FDIC
Chase Secure Banking℠ - $100 Bonus
- New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
- Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
- No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
- Track your credit score, get a personalized action plan provided by Experian™ to help improve your score and receive identity monitoring for free through Chase Credit Journey®.
- Chase Secure Banking℠ customers told us they save an average of $50 a month on fees after opening their account.
- JPMorgan Chase Bank, N.A. Member FDIC.
- Pay bills, cash checks and send or receive money with Zelle® all for a $4.95 monthly service fee.
- Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase.com.
Expires 1/24/2024
Member FDIC
Chase Business Complete Banking® - $300 Bonus
- Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
- Multiple ways to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card.
- Full-service business banking. Convenient access to all your business banking services in one place -- lending, checking, credit card and payment solutions.
- Your choice of payment types. Choose from a full range of options for accepting payments and making deposits that include Zelle®, Online Bill Pay, wire transfers and ACH payments.
- Convenient access to payment processing. Process all major debit and credit cards with QuickAccept®. It's a built-in feature with your Business Complete Checking account.
- Helping you save money. Multiple ways to waive service fees and unlimited digital transactions helps you keep more of your money.
- Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
- Trusted and secure financial partner. We're committed to helping you grow and protect your business.
Expires 1/18/2024
U.S. Bank
U.S. Bank, also referred to as U.S. Bancorp, is a large bank based in Minneapolis, Minnesota, and currently stands as the fifth-largest banking institution in the U.S. They have over 2,000 branches and operate over 4,800 ATMs across the country, with $669 billion in assets as of 2023.
FDIC Insured: Yes
| Security Features | Description |
|---|---|
| Identity Authentication | U.S. Bank offers a range of methods for authenticating your identity, including one-time passcodes, biometrics, and visual patterns. |
| Fraud Prevention Resources | U.S. Bank knows that customers educated on the many ways they might be defrauded are less likely to fall victim to it. They provide a variety of useful resources to help customers practice safe banking habits. |
| Report Suspicious Activity | Customers can report suspicious activity on their accounts by phone or email. |
| Data Encryption | This prevents unwanted third parties from getting access to your information. |
Member FDIC
Silver Business Checking Package - Up to $800 Bonus
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Expires 1/8/2024
Member FDIC
Gold Business Checking Package - Up to $800 Bonus
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Expires 1/8/2024
Member FDIC
Platinum Business Checking Package - Up to $800 Bonus
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Expires 1/8/2024
PNC Bank
PNC Financial Services Group, Inc., a fairly large U.S. bank headquartered in Pittsburgh, PA, operates in 28 states across the country. Like many of the banks listed here, PNC has quite a long history, dating back to 1852 when it was founded.
PNC has approximately 2,400 branches, 60,000 PNC and partner ATMs, and has $557 billion in assets.
FDIC Insured: Yes
| Security Features | Description |
|---|---|
| Identity Authentication | PNC offers a range of methods for authenticating your identity, including two-factor authentication and security questions. |
| Fraud Prevention Resources | PNC Bank provide a variety of useful educational resources to help customers practice safe banking habits. |
| Report Suspicious Activity | Customers can report suspicious activity on their accounts by phone or email. |
| Data Encryption | This prevents unwanted third parties from getting access to your information. |
Citibank
Citibank, a CreditDonkey partner, is the consumer-facing side of the multinational investment bank and financial services corporation, Citigroup, which is another of the big four banks in the U.S.
Citibank is relatively new compared to some of the other banks on this list, only forming in 1998 after a merger between Citicorp and Travelers Group.
Citibank is based in Manhattan, NY, and has over 700 branches in the U.S., with more abroad, and in 2022, Citigroup had $1.7 trillion in assets.
FDIC Insured: Yes
| Security Features | Description |
|---|---|
| Account Alerts | Citibank will send you transaction alerts to help you spot suspicious activity on your accounts. |
| Liability Protection | Customers aren't liable for unauthorized transactions on their accounts. |
| Turn Your Card On/Off | In case your card is lost or stolen, you can turn off your card, and turn it on again if you recover it. |
| Two-Factor Authentication | Prevents unwanted login to your accounts. |
| Data Encryption | This prevents unwanted third parties from getting access to your information. |
Citi Priority - Earn up to $2,000 Cash Bonus
- Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day
- New to Relationship customers can choose their RelationshipTier.
- Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
- Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
- If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
- Bonus will be paid within 30 days after you successfully complete all required activities.
- Restrictions apply.
Expires 1/9/2024
Citigold® - Earn up to $2,000 Bonus
- Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day.
- New to Relationship customers can choose their Relationship Tier.
- Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
- Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
- If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
- Bonus will be paid within 30 days after you successfully complete all required activities.
- Restrictions apply
Expires 1/9/2024
Wells Fargo
Wells Fargo, founded nearly 100 years ago in 1929, is a multinational bank based in the U.S., with headquarters in San Francisco, CA, and Manhattan, NY.
They operate over 4,900 branches and 12,000 ATMs, and as of 2023 they had $1.66 trillion in assets.
Wells Fargo is one of the "big four" banks in the U.S., which in 2018 held 45% of all consumer deposits.
FDIC Insured: Yes
| Security Features | Description |
|---|---|
| Account Alerts | Wells Fargo will send you transaction alerts to help you spot suspicious activity on your accounts. Includes purchases online, by phone, and by mail, ATM withdrawals or cash advances, and purchases over amounts you set. |
| Control Tower | Turn on and off cards and digital card numbers, view recurring payments, control third-party access to financial statements, all in one place. |
| Travel Plans | Notify your bank before traveling so they can monitor for suspicious activity. |
| Turn Your Card On/Off | In case your card is lost or stolen, you can turn off your card, and turn it on again if you recover it. The bank may still allow preset transactions. |
| Account Access Manager (Small Business) | Small business owners can add or revoke access to their business banking accounts. |
| Two-Factor Authentication | Prevents unwanted login to your accounts. |
| Biometric Sign On and Voice Verification | These help the bank confirm you are who you say you are. |
Capital One
Capital One is a newer bank that has grown immensely in the short time it's been around (it was founded in 1994). It's based in Richmond, VA, and in 2016, it came in fifth behind American Express, Chase, Bank of America, and Citigroup as largest issuers of credit cards.
Capital One operates over 280 branches and 70,000+ Capital One, Allpoint and MoneyPass ATMs across the U.S., and had $464.9 billion in assets as of 2023.
FDIC Insured: Yes
| Security Features | Description |
|---|---|
| Account Alerts | Capital One will send you transaction alerts to help you spot suspicious activity on your accounts. You can set up instant purchase alerts to be notified whenever money is spent. |
| Account Monitoring | Capital One will automatically monitor your account for suspicious activity. |
| Turn Your Card On/Off | In case it's lost or stolen, you can lock your card. |
| Two-Factor Authentication | Prevents unwanted login to your accounts. |
| Data Encryption | This prevents unwanted third parties from getting access to your information. |
| Virtual Cards | Capital One customers can set up virtual cards for online shopping to avoid using their real card numbers. |
M&T Bank Corporation
Though M&T Bank Corporation is on the smaller end of the banks on this list, with only $207 billion in assets as of 2023. However, it's had an impressive track record since its founding over 150 years ago in 1856.
In every quarter since 1976, this NY-based bank has been profitable, and was one of only two U.S. banks in the S&P 500 Index that didn't lower its dividend during the 2007-08 financial crisis.
Operating primarily in eastern states, M&T has over 1,000 branches.
FDIC Insured: Yes
| Security Features | Description |
|---|---|
| Account Alerts | M&T will send you transaction alerts to help you spot suspicious activity on your accounts. |
| Account Monitoring | M&T will automatically monitor your account for suspicious activity. |
| Security Questions | Customers can set up personalized security questions to protect access to their accounts. |
| Data Encryption | M&T employs 256-bit encryption to prevent unwanted third parties from getting access to your information. |
| Report Suspicious Activity | Customers can report suspicious activity on their accounts by phone. |
AgriBank
As a member of the U.S. Farm Credit System, AgriBank offers wholesale lending to local farm credit associations across 15 states.
It was formed after the merger between Farm Credit Bank of Saint Louis and Farm Credit Bank of Saint Paul in 1992.
They had over $151 billion in assets in 2022, and AgriBank was ranked number 34 on the list of safest banks from Global Finance in 2022.
FDIC Insured: No. Members of the FCS are not insured by the FDIC.
| Security Features | Description |
|---|---|
| Biometric Login | Through facial recognition, you can prevent unwanted access to your account. |
| Two-Factor Authentication | Prevents unwanted login to your accounts. |
| Data Encryption | This prevents unwanted third parties from getting access to your information. |
What's the Farm Credit System? The Farm Credit System is a network of farming institutions that are owned by and governed by the customers they serve (in other words, cooperatives).
CoBank
CoBank is an agricultural credit bank and a member of the U.S. Farm Credit System, and is based in Greenwood Village, Colorado.
Founded in 1989, this bank largely serves agricultural and farm-related businesses, cooperatives, and rural public utilities. They had $183 billion in assets as of 2022.
CoBank was ranked number 45 on the list of safest banks from Global Finance in 2022.
FDIC Insured: No. Members of the FCS are not insured by the FDIC.
| Security Features | Description |
|---|---|
| Two-Factor Authentication | Prevents unwanted login to your accounts. They also have security questions. |
| Data Encryption | This prevents unwanted third parties from getting access to your information. |
| Positive Pay | Helps prevent the use of altered or counterfeit checks for those who receive them. |
| Educational Resources | CoBank provide a variety of useful educational resources to help customers practice safe banking habits. |
| Report Unauthorized Transactions | Customers are able to report any unauthorized transactions by phone. |
| Fraud Wise | This monthly audio show helps customers learn how to avoid fraud. |
AgFirst
AgFirst is another agriculturally focused bank, formed by the merger of the Farm Credit Bank of Baltimore and the Farm Credit Bank of Columbia in 1995.
It's a part of the U.S. Farm Credit System and is based in Columbia, South Carolina. They had $41.7 billion in assets in 2022, and AgFirst was ranked number 47 on the list of safest banks from Global Finance in 2022.
FDIC Insured: No. Members of the FCS are not insured by the FDIC.
| Security Features | Description |
|---|---|
| Two-Factor Authentication | Prevents unwanted login to your accounts. They also have security questions. |
| Data Encryption | This prevents unwanted third parties from getting access to your information. |
| Security Training | AgFirst team members are provided with security awareness training. |
Farm Credit Bank of Texas
Farm Credit Bank of Texas is the fourth member of the U.S. Farm Credit System, providing wholesale lending and business services in states like Texas, Alabama, and New Mexico.
As of 2022, they had $35.3 billion in assets, and Farm Credit Bank of Texas was ranked number 48 on the list of safest banks from Global Finance in 2022.
FDIC Insured: No. Members of the FCS are not insured by the FDIC.
| Security Features | Description |
|---|---|
| Data Encryption | This prevents unwanted third parties from getting access to your information. |
| Report Unauthorized Transactions | Customers are able to report any unauthorized transactions by email. |
How to Know if a Bank Is Safe?
Every bank is going to tell you it's safe. After all, their business depends on having your trust, whether they've earned it or not.
But with a little research, you'll be able to judge for yourself.
Here are some things to look for to help you determine whether they're a good place to keep your money.
- Size: Choosing a big national bank will almost always be safer than choosing a smaller one. Bigger banks, like Chase, have more resources, more sources of income, larger reserves, and more options to recover from a loss.
Most big banks are also older and have more experience in dealing with various challenges. And in the case of a financial crisis, since they serve more customers, they're probably more likely to receive government aid than smaller banks.
- FDIC insurance: A quick indicator that you're dealing with a legitimate bank. FDIC insurance protects the money you've deposited if something happens to the bank. For credit unions, this role is filled by NCUA Insurance, rather than FDIC.
- Reviews: While it's not a guarantee of quality, you might take some time to see what other customers are saying about the bank before joining. Check out the Better Business Bureau, Trustpilot or similar sites to gauge the reception of the bank.
- Customer service: Look for banks that are easy to get ahold of at any time of day. Your finances don't operate on a schedule, and they shouldn't make you wait to deal with emergencies. Open lines of communication are a good sign that they're trying to provide good service and not just wring you for every dollar with minimum effort.
- The Safest Banks List from Global Finance: Global Finance has produced an annual list of the safest banks in the world for the past 30 years. Sadly, not many of them are from the U.S., and those that are don't exactly top the list.
- Digital security features: The safest banks will employ digital security features like multi-factor authentication, data encryption, timed logout, and fraud notifications. Other valuable security measures that banks can take include:
- Debit card blocking: This feature lets you remotely disable your debit card in case of fraudulent activity.
- Guarantee against unauthorized access: The bank agrees to reimburse you for any funds lost to fraudulent activity in your account.
- EMV chips: The little gold or silver chip you see on the face of most cards. This is safer than swiping, and your bank should offer them on their debit and credit cards.
- Single-use card numbers: When shopping online, a single-use card number can be the difference between having your info leaked in a future hack or not.
Bottom Line
Finding the right bank for you may seem like a challenging task, but armed with the right information, it doesn't have to be.
Depending on your banking needs, one or more of the banks on this list may be right for you. As some of the safest banks in the U.S., they'll take good care of your money while it's in their custody.
Member FDIC
Chase Total Checking® - $200 Bonus
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Expires 1/24/2024
Citi Priority - Earn up to $2,000 Cash Bonus
- Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day
- New to Relationship customers can choose their RelationshipTier.
- Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
- Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
- If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
- Bonus will be paid within 30 days after you successfully complete all required activities.
- Restrictions apply.
Expires 1/9/2024
Member FDIC
U.S. Bank Smartly® Checking and Standard Savings - Up to $800 Bonus
Earn up to $800 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through December 29, 2023. Member FDIC.
Earn up to $500 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:
- Enroll in online banking or the U.S. Bank Mobile App
- Make two or more direct deposit(s) totaling $5,000 to $9,999.99 to earn $300 or $10,000 or more to earn $500
Earn up to $200 with a new Standard Savings account.
- Make new money deposit(s) totaling $25,000 by January 31, 2024
- Maintain that balance until July 31, 2024
Earn an additional $100 by fulfilling both the Bank Smartly Checking and Standard Savings requirements!
Offer may not be available if you live outside of the U.S. Bank footprint.
Expires 12/29/2023
References
- ^ FDIC. Crisis and Response: An FDIC History, 2008–2013, Retrieved 1/5/2022
- ^ Financial Stability Board. 2022 List of Global Systemically Important Banks, Retrieved 10/8/2023
Jeremy Harshman is a creative assistant at CreditDonkey, a bank comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.
As an expert in banking and finance, it's evident that the article provides a comprehensive overview of the safest banks in the U.S. and highlights essential factors to consider when choosing a bank. The information is well-researched, and I'll break down the concepts and insights presented in the article:
-
Introduction to Banking Safety:
- The introduction emphasizes the importance of safety and security when storing money.
- It mentions the various threats banks face today, including hackers, ransomware, data leaks, and bank failures.
-
List of Safest Banks in the U.S.:
- The article provides a list of banks considered among the safest in the U.S., including JPMorgan Chase, U.S. Bank, PNC Bank, Citibank, Wells Fargo, Capital One, M&T Bank Corporation, AgriBank, CoBank, and AgFirst Farm Credit Bank of Texas.
-
Banking Safety Issues:
- The article prompts readers to consider their concerns regarding banking safety.
- It highlights that over 480 banks failed between 2008 and 2013, according to the FDIC.
-
Safest Savings Accounts:
- The article suggests FDIC or NCUA insured savings accounts with high Annual Percentage Yields (APYs).
- It provides a list of banks offering high APYs for savings accounts, such as Cloudbank 24/7, Western Alliance Bank, GreenState Credit Union, and others.
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CDs (Certificate of Deposit) with High APYs:
- The article lists banks offering high APYs for Certificate of Deposits (CDs) as an alternative investment option.
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Are National Banks Safer?:
- Discusses whether national banks are safer than smaller, local banks.
- Highlights advantages of national banks, including robust security measures, financial stability, and federal oversight.
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FDIC Insurance:
- Emphasizes that as long as a bank is a member of the FDIC, deposits are insured up to $250,000.
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Promotional Offers and Bonuses:
- Presents promotional offers and bonuses from different banks, encouraging readers to explore options that align with their safety and financial needs.
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Bank-Specific Information:
- In-depth information is provided for each bank, including details about JPMorgan Chase, U.S. Bank, PNC Bank, Citibank, Wells Fargo, Capital One, M&T Bank Corporation, AgriBank, CoBank, and AgFirst Farm Credit Bank of Texas.
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Bank Security Features:
- Describes security features offered by each bank, including identity authentication, fraud prevention resources, data encryption, account alerts, two-factor authentication, and more.
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Comparison of National and Local Banks:
- Discusses the safety of national banks, citing factors such as security measures, financial stability, and federal oversight.
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How to Know if a Bank Is Safe:
- Provides guidelines for assessing the safety of a bank, including considerations such as size, FDIC insurance, customer reviews, customer service, and digital security features.
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Global Finance's Safest Banks List:
- Mentions Global Finance's annual list of the safest banks in the world and includes rankings for AgriBank, CoBank, and AgFirst Farm Credit Bank of Texas.
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Conclusion and Promotional Offers:
- Concludes by summarizing key points and reiterates promotional offers from various banks.
In summary, the article serves as a valuable resource for individuals seeking information on the safest banks in the U.S., offering insights into bank safety, security features, and promotional opportunities.
