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GOBankingRates Reveals America's Best Banks of 2025

On January 7, 2025, GOBankingRates unveiled its annual list of the Best Banks in America, an initiative designed to guide Americans as they navigate their financial choices for the new year. This extensive ranking introduces a new category focusing on the Best Banks by State, reflecting the evolving landscape of banking products and services across the nation.

GOBankingRates' research team spent several months meticulously gathering and analyzing up-to-date data from over 100 of the largest banks, including both traditional institutions and newer online or neobank options. According to Lead Content Data Researcher Andrew Murray, the objective of this ranking is to present an accurate depiction of the banking industry, enhancing consumer awareness and providing them with valuable information to make informed decisions about their financial institutions.

The criteria for ranking these banks encompassed a variety of factors, such as total assets, annual percentage yield (APY), fees, minimum deposit requirements, and mobile application ratings. Specifically, GOBankingRates evaluated banks across nine different categories, which included both returning favorites and the new state-level category.

Some of the categories for which banks were recognized included:

• - Best Checking Accounts
• - Best High-Yield Savings Accounts
• - Best CD Accounts
• - Best Premium Checking Accounts
• - Best Money Market Accounts
• - Best National Banks
• - Best Online Banks
• - Best Neobanks

For each of the national categories, GOBankingRates identified ten winners (when applicable) and awarded Gold, Silver, and Bronze medals to the top three banks. Notable mentions include Capital One, which topped the Best Checking Accounts and Best National Banks categories. In the realm of high-yield savings, EverBank secured the Gold medal, highlighting the continuous growth and competition within this sector.

Additionally, the awards were complemented by findings from a survey conducted by GOBankingRates, which engaged over 1,000 Americans to understand their banking preferences and habits better. The analysis revealed concerning trends about savings habits—showing that 50% of respondents have less than $500 saved, while 18% reported having no savings at all. Furthermore, the survey unearthed a notable shift in consumer preferences, with a surprising 52% of adults aged 65 and older expressing a preference for online banking options over traditional, in-person services.

This shift towards non-traditional banking solutions indicates a change in consumer behavior, potentially influenced by technological advancements and a growing comfort with digital tools. The 2025 rankings not only illuminate the best banking options available but also aim to inspire Americans to reassess their financial goals and pathways, particularly in a rapidly changing economic environment.

As the year unfolds, these rankings and insights advocate for a more informed approach to personal finance, reinforcing the importance of understanding available banking products. Whether one prefers engaging with their bank online or in-person, the GOBankingRates rankings serve as a valuable resource in making informed decisions.

In conclusion, the 2025 Best Banks rankings by GOBankingRates present a comprehensive overview of the banking landscape, helping consumers equip themselves with essential knowledge to navigate their financial journeys successfully. With insights gathered from both rigorous data analysis and consumer surveys, GOBankingRates continues to deliver valuable resources to help Americans thrive financially.

For the complete list of winners and further details, visit GOBankingRates.