California is one of the biggest states in the US and it also has the largest economy. Not only that but the biggest and largest banks in the US are also located in the state of California. Let us know more detail about ‘Best Banks In California’.
Best Banks In California
California has over 200 banks, and these 200 banks have over 6,000 branches across the state. So, of course, you’ll be interested in knowing the best banks in the state. The best banks you can find in the state of California are listed below in this article.
The banks in the state of California have different financial services. People want reliable banks, banks with quality service, and some look at rates too. There are so many banks in California, and people may find it hard to choose one that fits their needs. California banks are also very reliable and are maintained properly.
The Best Banks in the state of California
These are the best banks in California in no particular order:-
- Citibank
- Bank of Hope
- US Bank
- Ally Bank
- Union Bank
- Wells Fargo
- Bank of America
- CIT Bank
Citibank
This is one of the best banks in the state of it. This bank has no minimum deposit fee.
Citibank has many branches across California. It is the biggest bank in terms of branches that you can find in California. You can even earn up to a $300 bonus when you open a savings account and a checking account and when you meet their account package requirements.
Bank of Hope
This bank is also one of the most reliable and trusted banks in it. It has most of its branches in Los Angeles, so it’s a better option for those living in Los Angeles.
Also, those who reach a minimum of $500 daily can enjoy free banking services, and those who can’t reach the minimum balance will have to pay a fee of $4 monthly.
US Bank
US Bank has over 600 branches in California and is one of the best banks not only in California but across the country. They have great customer service. They offer loans and many other banking services. They are also very reliable, and their services are fast.
Ally Bank
Ally Bank is a bank that offers quality banking services online. Ally Bank offers the highest APY rate in California with a rate of 0.50%. Its high-yield savings account is the best, and if you want to open a savings account, you should consider opening one with Ally Bank because it’s the best for savings.
Ally Bank does not require monthly maintenance fees and has over 30,000 ATMs across the US.
Union Bank
Union Bank has the highest-yielding accounts in California, so it’s safe to say they’re one of the best. Their monthly maintenance is $25, and you need a minimum of $50 to open a checking account with them. They offer interest rates to customers that can reach a minimum balance of $2,500.
Wells Fargo
Wells Fargo is also one of the best banks in California. They have more than 1,000 branches in California, which is a lot compared to most banks in the US. Their savings account requires a minimum deposit of $25 before you can activate it.
They have financial advisors for their customers, and they have a lot of banking services that they offer their customers.
Bank of America
Bank of America is also one of the best banks in California and not only is it one of the best banks in California but also one of the best in the US as well. Bank of America is also one of the largest banks in the country, with about 4,600 branches and 16,000 ATMs across the country.
You can receive a sign-up bonus of $100 when you open a checking account. They are very reliable, and if you meet all the bank’s requirements, you don’t need to pay a monthly maintenance fee.
CIT Bank
This bank is one of the best banks in California. They also have the best APYs with a value of 0.40%. Their savings rate is one of the best too. These banks are best if you want to invest in your accounts or if you want to manage large accounts.
Conclusion
California has a lot of banks, and these banks have many branches throughout the state of California. These banks have a lot of activities that they carry out, but the best banks have been listed above. You should consider any of the banks above if you want to open a new bank account. They are reliable, have great customer service, and offer quality banking services.
Frequently Asked Questions
- Which state in the US has the best banks?
Answer:- All states have good banks, and most banks in the US have branches in all states; therefore, all states have quality banks.
- Can I carry out banking transactions online?
Answer: Yes, you can because most banks have websites where you can carry out your banking activities. It’s fast, safe, and reliable.
