Finding a new bank can be challenging, but it doesn’t have to be. We’re here to help with our list of the best banks in Delaware.

Find the best CD rates in Delaware here.

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1.  Stepping Stones Community Federal Credit Union

Savings APY:  NA

CD APY: 0.25%

Monthly Fees: $0

Insured by: Federally insured by the National Credit Union Share Insurance Fund (NCUSIF)

How many branches are in the State? Stepping Stones Community Federal Credit Union has only one branch in Delaware.

Pros:

  • Online banking system
  • Best loan interest rates

Cons

  • Limited access due to fewer branches
  • Lack of product portfolio

First on our list of the best banks in Delaware is Stepping Stones Community Federal Credit Union, which was founded in 2011 and is headquarter is in Wilmington, DE. It has 1464 members and is one of the significant credit unions in Delaware.

The credit union offers a wide range of banking and related financial services including savings accounts, checking accounts, credit/ debit cards, loans online banking, and other related services. It is dedicated to serving the communities in Delaware for the last 11 years.

Stepping Stones Community Federal Credit Union holds $4.14 million in total assets.

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2. American Spirit Federal Credit Union

Savings APY:  0.40%

CD APY: 1.00%

Monthly Fees: $0

Insured by: National Credit Union Administration

How many branches are in the State? American Spirit Federal Credit Union has one main office and three branches across Delaware.

Pros:

  • The high yielding rate for Certificate of deposits
  • Online banking system

Cons

  • Poor savings interest rates

American Spirit Federal Credit Union was founded in 1963. The credit union has its headquarters in the Greater Philadelphia area, East Coast, Southern US. Currently, there are over 12,851 members of the credit union which makes it the 9th largest credit union in the state of Delaware. It is one of the oldest and 2,079th largest credit unions in the nation.

American Spirit Federal Credit Union offers a wide range of banking and financial solutions. Its primary offerings include checking accounts, debit cards, credit cards, loans, mortgages, and more. The credit union has its mobile app and a strong online banking system, making it a great contender for one of the best banks in Delaware.

American Spirit Federal Credit Union has more than $59,514,591 and is dedicated to offering the best financial solutions to the communities of Delaware.

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3. Cecil County School Employees Federal Credit Union

Savings APY:  0%

CD APY: 0.20%

Monthly Fees: $0

Insured by: National Credit Union Administration

How many branches are in the State? Cecil County School Employees Federal Credit Union has only one branch located in Elkton, Maryland.

Pros:

  • Better rate of interest on certificates and deposits
  • A closely knit credit union
  • Variety of loan options are available

Cons

  • Only one branch
  • No APY on basic savings account

Cecil County School Employees Federal Credit Union was formed in 1953 to help school employees get easy access to funds. The credit union started with only 7 members in the core team and now is a team of 3600 members.

The credit union deals in a wide range of banking and financial products including savings accounts, checking accounts, vehicle loans, consumer loans, education loans, Visa credit cards,  certificates, and IRAs. Alongside these services they also offer financial planning and scholarships.

Cecil County School Employees Federal Credit Union owns assets worth $31.26 Million. The membership is available for education employees and their immediate family members.

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4. Taylor Bank

Savings APY:  0.25%

CD APY: 0.75% for six-month certificate

Monthly Fees: $0

Insured by: Federally insured by Federal Deposit Insurance Corporation (FDIC)

How many branches are in the State? Taylor Bank has 12 branches spread across the eastern coastal area of the Delmarva Peninsula, including Worcester County, Maryland, Sussex County, Delaware, and Accomack County, Virginia.

Pros:

  • The bank has safe deposit boxes
  • Has no monthly fee
  • It is an old credit union with a great reputation

Cons

  • Limited physical branches
  • Lowe APY on savings and CDs

Taylor Bank started its operations in 1907. It was previously known as the Calvin B. Taylor Banking Company. It is headquartered in Berlin, Maryland, and  is one of the largest banks in Delaware and the majority of the population banks with Taylor Bank.

The bank offers a comprehensive range of banking and financial services such as business services, car loans, checking accounts, savings accounts, investments, mortgages, and personal loans. The bank offers both physical and online banking services. Their Bank By Phone and Mobile deposit services are one of a kind.

The Taylor Bank owns assets worth $900 million. It is also one of the most trusted and reliable banks in the United States. The company has 200+ employees working for it.

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5. Summit Community Bank

Savings APY:  0.03%

CD APY: 0.10% on 90 days

Monthly Fees: $6.95

Insured by: Federal Deposit Insurance Corporation (FDIC)

How many branches are in the State? Summit Community Bank has one branch in Delaware and four more branches in Maryland.

Pros:

  • Extensive services for business customers
  • Wide range of mortgage options with affordable rates

Cons

  • Only one branch in the state
  • Low APY on CDs and savings accounts

Summit Community Bank was founded in 1904 and is headquartered in Preston. Summit Community Bank offers financial and banking services to individuals, families, and businesses. Its core offerings include savings accounts, checking accounts, mortgages, personal & business loans, cash management services for businesses, and more.

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6. Artisans’ Bank

Savings APY:  0.10% on a minimum balance of $0.01

CD APY: 0.05% on 91 days

Monthly Fees: $3

Insured by: Federal Deposit Insurance Corporation (FDIC) and an Equal Housing Lender

How many branches are in the State? Artisans’ Bank has 12 branches in New Castle, Kent, Sussex Counties Delaware, and Southeastern Pennsylvania.

Pros:

  • Strong online banking service
  • Wide range of business financial services
  • High APY on long-term certificates

Cons

  • Low APY on savings account
  • Only 12 branches across the state

Last up on our list of the best banks in Delaware, Artisans’ Bank was established in 1861 as a community bank in the state. It is one of the leading banks in Delaware that started small and grew with the community to become the 12th largest bank in the state.

Artisans bank offers financial and banking services to consumers, small businesses, and commercial customers. Its key offerings include home loans, commercial lending, savings and deposits, home equity loans and line of credit, and an extensive range of business services such as checking accounts, line of credit, cash management services, and more.

As of March 2021, the bank owned total assets worth $559M. They also offer online banking services through which users can view account balances, make mobile deposits, pay bills, make immediate money transfers, and find the nearest branch and ATMs.