What Are Some Good Consumer Banks?


Quick Answer

The Huffington Post's 10 Best Banks of 2015 lists Wells Fargo, BBVA Compass Bank and Bank of America as the online newspaper and GOBankingRates' top three banks. However, WalletHub ranks Santander as the top bank for both older and young Americans and favors Capital One for low-income earners and First Niagara for international accommodations.

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Full Answer

The Huffington Post cites Wells Fargo's more than 6,000 branches, the most of any banks included in its survey, as its largest advantage. Moreover, the bank offers consolidated access to vehicle loans, home mortgages, credit card services, investment products and insurance, and gives close to $300 million to non-profits annually. BBVA offers a strong BauerFinancial Star Rating and provides competitive rates of interest on client deposits. Moreover, the bank offers no-fee checking and savings accounts and provides specialized mortgage options for individuals looking to refinance, renovate, construct a new and change their equity ownership.

The Huffington Post emphasizes Bank of America's more than 5,000 branches and financial literacy efforts intended to help educate customers and the public on debt management, savings planning, personal budgeting and building credit. The Huffington Post also ranks BankUnited fourth, on the basis of its credit union-like deposit yields and diverse banking services in spite of its mere 100 branches. First National Bank of Omaha ranks fifth, with a small number of branches but more than 500 different specialized savings plans and fee-free checking services.

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