Choosing a bank or credit union can be difficult. There are so many to choose from, and it’s hard to know which one will work best for you. This is our list of the best banks in Florida.

Find the best CD rates in Florida here.

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1) Suncoast Credit Union

Savings APY:  0.05% with a $5 minimum balance

CD APY: 1-year – 4.00%, 3-year – 4.00%, and 5-year APY – 3.25%, with a minimum deposit of $500

Monthly Fees: $0

Federally Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? Suncoast Credit Union has 70 branches across the Gulf Coast of Florida and around 3000 cash machines nationwide.

Pros:

  • No monthly service fees
  • Has free ATMs nationwide
  • Rewards benefit local schools
  • Branches throughout Florida
  • Good APY for share certificates

Cons

  • Membership is limited to immediate family, residents of western Florida, or Alumni of Florida College.
  • No shared branching
  • Requirements for Membership

First on our list of the best banks in Florida, Suncoast Credit Union is a credit union based in the state. It has been providing financial services to its members since the year 1934. The credit union is one of the largest in Florida with 1+ million members and over $15+ billion in assets.

The credit union provides a wide range of financial services, including checking and savings accounts, loans, mortgages, investment management, and retirement planning.

It also offers a variety of digital banking solutions for its members. Suncoast Credit Union offers mobile banking as well as online banking that can be accessed through their website or through an app on IOS or Android devices.

The company also provides online bill pay that allows customers to make payments on their bills from anywhere in the world using a computer or mobile device with internet access. However, to have an account in Suncoast credit union you will need to qualify for the membership!

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2) VyStar Credit Union

Savings APY:  0.10% with a $0 minimum deposit

CD APY: 0.85% to 3.05% APY with a $500 minimum deposit

Monthly Fees: $0

Federally Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? This Credit Union in Florida State has 63 full-service branches in Florida and Georgia. A total of 235 VyStar ATMs can be found in both Southern states. There are also over 20,000 surcharge-free ATMs available to members.

Pros:

  • High APY on CD with high account balances.
  • Low minimum opening deposit for all types of accounts.
  • Free checking and savings accounts.

Cons

  • Limited branches
  • Low-interest rate on savings account

VyStar Credit Union is one of the largest credit unions in Florida, with over $12 billion in assets. The company has been operating since 1952 and is popular among people who want to bank locally. The company is headquartered in Jacksonville and provides banking services to more than 825,000 members across the state.

It offers a wide range of financial products and services to its members. At VyStar Credit Union, you can find all the banking services you need including checking accounts, savings accounts, certificates of deposit (CDs), money orders, personal loans, mortgages, and more, making it another contender for the best banks in Florida.

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3) Chase

Savings APY:  0.01% to 0.05%

CD APY: 1-year – 0.01%, 3-year – 0.01%, and 5-year – 0.01% with a minimum deposit of $1,000

Monthly Fees:

  • $12 for a checking account, which can be waived with a direct deposit of $1500.
  • $5 for a savings account which can be waived by keeping a balance of $300 daily or transferring $25 from a linked Chase checking account.

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? The Chase Bank has 4700+ branches all over the country, about 16000 ATMs, and 603 branches in Florida state.

Pros:

  • Waivable monthly fees
  • Branches and ATMs all over the country

Cons

  • Low savings and CD APY.
  • $3 fee at non-Chase ATMs in the U.S for basic checking accounts.

Next on the list of the best banks in Florida is Chase, which is the largest bank in Florida with US $4 trillion in assets. The bank offers a variety of banking products and services. Chase is present in around 100 countries all over the world.

Chase was founded in 1799. It is one of the oldest banks in the United States and it has been serving customers for over 223 years now. It was originally called the Manhattan Company and it was created by Aaron Burr, who served as its first president, and Samuel Tilden, who served as its first treasurer.

The company got its current name from an earlier merger with J.P Morgan & Co., which took place in 2000. It merged with Chemical Bank to form JPMorgan Chase & Co., which is still its legal name today.

It is also the largest U.S. credit card issuer by purchase volume and offers services like Amazon Prime Rewards Visa Signature Card (credit card), Chase Freedom Unlimited (credit card), etc.

Chase is the best bank for the people, who can keep their account balance high, aren’t looking for high-interest rates, and are in need of a bank with more branches all over the world and the US!

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4) Discover Bank

Savings APY:  2.35% without minimum balance

CD APY: 1-year – 3.25%, 3-year – 3.40%, and 5-year – 3.50% with a minimum deposit of $2,500.

Monthly Fees: $0

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? The Discover Bank has only one physical branch but a large network of ATMs across the states.

Pros:

  • Best rates on savings account
  • No monthly fees
  • Large ATM network

Cons

  • Only one physical branch
  • Doesn’t accept cash deposits

Discover Bank is a US-based bank that offers banking, credit card, and other financial services to consumers and small businesses. It was founded in 1985 as Discover Financial Services.

In 2009 it became a member of the Global ATM Alliance (GATA) which allows its customers to use their debit cards at any ATM around the world with no surcharge fees from their home country banks or foreign ATM operators. Discover bank recently launched its new Cashback debit account with a bunch of benefits and user friendly-features. All of this makes Discover Bank one of the best banks in Florida.

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5) PNC Bank

Savings APY:  0.01% to 0.03%

CD APY: 1-year – 0.02%, 3-year – 0.02%, and 5-year – 0.02% with a minimum deposit of $1,000.

Monthly Fees: $7

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? The PNC bank has in total 2,629 branches and 9,523 ATMs and is present in around 27 states.

Pros:

  • Different customer service options available.
  • Many branches and ATMs.
  • Online money management options.

Cons

  • Rates differ from area to area.
  • Overdraft fees are expensive.

If we’re looking at the best banks in Florida, we can’t forget PNC Bank, which is headquartered in Pittsburgh, Pennsylvania, and employs nearly 60,000 people. It was founded on April 10, 1845, and currently has total assets of US $557 billion.

PNC Bank is a financial institution that provides banking, investing, and other financial services to individuals, small businesses, and commercial clients. PNC Bank offers a variety of checking accounts, savings accounts, certificates of deposit (CDs), and money market accounts.

PNC Bank has been operating for more than 170 years and it has been ranked as one of the best banks in the United States. It provides services to all 50 US states, as well as to international customers.

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6) Bank of America

Savings APY:  0.01% to 0.04%

CD APY: 1-year –  0.03%, 3-year – 0.03%, and 5-year – 0.03% with a minimum deposit of $1,000.

Monthly Fees: $12

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? The Bank of America has 4,100 retail banking branches and 16000 free ATMs across the United States.

Pros:

  • Waivable monthly fees
  • Multiple branches and free ATMs.
  • Convenient customer service channels

Cons

  • Low-interest on savings and CDs

Bank of America is the second largest bank in the United States by assets and is one of the best banks in Florida. It is also a multinational bank and financial services institution that operates as a bank holding company.

Bank of America offers a range of financial services for both large and small businesses, as well as individual customers. It provides banking, investing, and other financial services to more than 20 million customers.

It is one of the Big Four banks, along with JPMorgan Chase, Citigroup, and Wells Fargo. Bank of America offers banking, investing, credit cards, mortgages, loans, and other financial services to individuals and businesses.

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7) Wells Fargo

Savings APY:  0.01%

CD APY: 1-year – 0.01% with a minimum deposit of $2,500.

Monthly Fees: $10

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? It has 8,050 branches and 13,000 ATMs with a presence in over 35 countries all over the world. There are around 25 branches and 43 ATMs in the Florida state Wells Fargo Bank.

Pros:

  • Best customer service
  • Interest-bearing premium account
  • Waivable monthly fees on savings and checking accounts

Cons

  • Requires to add minimum deposit for opening an account
  • Low savings interest rate (APY).

Wells Fargo is one of the largest banks in the United States. It is headquartered in San Francisco, California. It was founded in 1852 and is the oldest and third-largest bank in America with 70 million customers globally.

The company provides a range of banking and financial services including retail banking, mortgage lending, credit cards, and auto loans. Wells Fargo also operates one of the largest retail banks in North America as well as a wholesale banking business.

It has assets of US$1.955 trillion as of 2021. It provides its customer with 24/7 customer service and mobile banking app that offers person-to-person payments, check deposit, and bill payments

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8) Capital One

Savings APY:  0.10% for checking account and 3.00% for savings account

CD APY: 1-year – 4.00%, 3-year – 4.15%, and 5-year – 4.25% with a minimum deposit of $0.

Monthly Fees: $0

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? In addition to 755 branches and 2,000 ATMs, Capital One has 30 café-style locations as well.

Pros:

  • No minimum balance necessary
  • No monthly fees
  • Good interest rates on savings and CDs

Cons

  • There are only 7 banking locations in Florida and others are cafes and ATMs.

Capital One is a bank that is headquartered in McLean, Virginia. It was founded in 1994 by Richard Fairbank and Nigel Morris. Capital One, also known as COF, is a diversified financial services company. It has more than 8 million customers and is the ninth-largest bank in the United States.

Capital One is an American multinational banking corporation. Capital One is a financial services company that offers banking, credit cards, mortgages, and personal loans. In 2018, the company announced that it would be acquiring GE Capital healthcare finance unit for $9.

It has assets of US$421.602 billion as of 2020 and 50,000+ employees. The cafe-style location of Capital One bank is one of the unique styles to serve customers and make them feel good.

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9) Regions Financial Corp

Savings APY:  0.01%

CD APY: 1-year – 0.03%, 3-year – 0.05%, and 5-year – 0.05% with a minimum deposit of $500.

Monthly Fees: $11 for LifeGreen Checking

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? Regions Bank has 1,952 ATMs and 1,454 branches in 16 states.

Pros:

  • Branches and ATMs in the South and Midwest number over 1,300.
  • Frequent reward programs

Cons

  • Low-interest rates

Regions Financial Corporation is a regional bank headquartered in Birmingham, Alabama. The company operates 2,400 branches in 15 states across the Southern and Midwestern United States.

Regions Financial Corporation was founded in 1971. The company provides a range of banking and financial services to consumers, businesses, and institutions.

Regions offer a number of products and services including checking accounts, savings accounts, interest-bearing deposits, loans of all types (consumer lending such as mortgages or credit cards; commercial lending for small-to-medium sized businesses), investment advisory services for individuals and institutions; etc.

The company’s subsidiaries include Regions Bank (the bank), Regions Mortgage (the mortgage lender), Regions Insurance Services (the property/casualty insurer), and Regions.

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10) TD Bank USA

Savings APY: 0.01% to 0.05%

CD APY: 1-year – 0.05%, 3-year – 0.05%, and 5-year – 0.05% with a minimum deposit of $250.

Monthly Fees: $15

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? Around 172 branches are located throughout the Carolinas and Florida, with over 1,900 ATMs.

Pros:

  • 24/7 phone support and long banking hours for customer service
  • No monthly fee for checking account if you maintain $100  balance

Cons

  • $3 fee for using a card on nin-TD ATMs

TD Bank USA is one of the leading banks in the state of Florida. It offers a variety of financial products and services for both personal and commercial banking needs. TD Bank USA is headquartered in Cherry Hill, New Jersey, United States.

TD Bank USA is a subsidiary of TD Bank, the seventh-largest bank by deposits in the United States. It has over 1,100 stores & 700 ATMs across the United States.

TD Bank was founded in January 1852 as The Toronto-Dominion Bank of Toronto, Canada. In 1955, it changed its name to The Dominion Bank of Canada and in 1997 to TD Canada Trust.

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11) FifthThird Bank

Savings APY: 0.01%

CD APY: 1-year – 0.01%, 3-year – 0.01%, and 5-year – 0.01% with a minimum deposit of $500

Monthly Fees: $0

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? The company operates over 1,100 branches and 50,000 ATMs in the Midwest, Southeast, and Florida.

Pros:

  • Large network of ATMs.
  • No monthly fees.
  • No minimum opening account deposit required.

Cons

  • Low-interest rates on savings and CDs.
  • No 24/7 customer support available.

Fifth Third Bank (5/3 Bank) is a bank that operates in the U.S. state of Florida and is headquartered in Cincinnati, Ohio. Fifth Third Bank was established on June 17, 1858, and has been serving Florida residents for more than 150 years. The company has more than $22 billion in assets.

The bank offers a wide range of financial services to its customers, including commercial banking, personal banking, wealth management, and investment services. Forbes Magazine has ranked the bank as one of the best banks in America for five consecutive years.

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12) SouthState Bank

Savings APY: 0.01%

CD APY: 13 Month – 1.86%, 19 Month – 2.07%, 25 Month – 2.17%, and 49 Month – 2.32% with a minimum deposit of $1000.

Monthly Fees: $12 for Money Market Account, for savings it’s $0, and for checking accounts the fees vary from $5 to $15.

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? In total, the SouthState Bank has 300 branches in different locations with 5 ATMs in Florida!

Pros:

  • Waivable monthly fee on checking account.
  • High-interest rates on CDs

Cons

  • Low APY on savings account

SouthState Bank is a financial institution that provides banking services for the residents of Florida. The bank was founded in 1934 and has grown to 168 branches in South Carolina, Georgia, Florida, North Carolina, and Virginia.

SouthState Bank offers a wide range of services to its customers. It provides checking, savings, and money market accounts, personal loans, mortgages, and credit cards, as well as certificates of deposit. SouthState Bank also offers online banking services with mobile app support.

SouthState Bank is an FDIC insured institution with assets worth $34 billion in 2020. It has been recognized by Forbes magazine as one of the best banks in Florida for small business owners.

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13) First Tech Federal Credit Union

Savings APY: 0.05%

CD APY: 1-year – 2.15%, 3-year – 2.40%, and 5-year – 2.75% with a minimum deposit of $500.

Monthly Fees: $0

Federally Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? It only has a few dozen branches but it provides a large network for banking and ATM with shared branching without any extra fees.

Pros:

  • No monthly fee
  • No minimum deposit for opening a checking account
  • Online appointments and in-person service at shared branches

Cons

  • Get the membership saving accounts first, then only you can open any other account.

The First Tech Federal Credit Union was founded on January 14, 1952, by Greg Mitchell. It is headquartered in Hillsboro, Oregon, and is insured by NCUA. As of 2020, it had 41 branches around the states. Even though it is very few, the shared branching option enables customers to do their procedures smoothly!

Along with that, it also has mobile banking with two-factor authentication providing the utmost security to the customers’ data and bank accounts. It also has Call 24 which allows customers to check their balances through their cell phones.

As of 2018, the banks had total assets of $12 billion and around 1 million customers, making it worthy of its spot on our list of the best banks in Florida.

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14) USAA Federal Savings Bank

Savings APY: 0.01%

CD APY: 1-year – 0.03%, 3-year – 3.30%, and 5-year – 2.02% with a minimum deposit of $1,000

Monthly Fees: $0

Federally Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? There are only a few branches of USAA Federal Savings Bank in the states (in total 5). However, you will find 5,800 branded take and deposit ATMs.

Pros:

  • No monthly fees.
  • No minimum balance requirement.
  • Online tool with budget tracking feature.

Cons

  • Low-interest rates on accounts
  • Only 5 branches in the USA location.

Another one of the best banks in Florida, USAA Federal Savings Bank was founded on June 20, 1922, following a meeting of 25 United States army officers. It is headquartered in San Antonio, Texas, US, and has a total of $35.327 billion in assets and around 13 million customers. The no-minimum balance requirement attracts customers, especially the salaried person. Apart from that it also has an online mobile banking app that helps its customers to track their spending and manage their finances.

The USAA Federal Savings Bank allows customers to free the first 10 transactions to withdraw money at USAA-preferred ATMs. After that, it charges $2 per transaction. Even though it has very few branches around the USA, the branded ATMs allow customers to withdraw and deposit money from and to their bank account.

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15) Navy Federal Credit Union

Savings APY: 0.25% with a minimum deposit of $5

CD APY: 1-year – 3.00%, 3-year – 3.30%, and 5-year – 3.35% with a minimum deposit of $1,000.

Monthly Fees: $0

Federally Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? Among Navy Federal Credit Union’s 350 branches, many are located near military bases in places like Virginia, Maryland, and California. It also has 30,000+ free ATMs.

Pros:

  • No monthly fee
  • Free ATMs
  • Competitive interest rates

Cons

  • Very few branches

The Navy Federal Credit Union was founded on March 13, 1933, as Navy Department Employees’ Credit Union. It has a total of $158.85 Billion in assets and around 11 million customers. The CO-OP Network offers free access to more than 30,000 ATMs. Its headquarter is in Vienna, Virginia, United States.

The Navy Federal Credit Union has competitive interest rates that benefit many potential customers, making it one of the best banks in Florida. Even though it has a small number of branches around the USA, it helps its customers via mobile applications and provides the best customer support.

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16) Truist Bank (Formerly known as SunTrust Bank)

Savings APY: 0.01%

CD APY: 0.05% with a minimum deposit of $1000 (from seven days to 5 years)

Monthly Fees: $12 which can be waived with the minimum deposit of $1500

Federally Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? The Truist Bank (formerly known as SunTrust Bank) has more than 2500 branches around the states and about 3000 ATMs in 17 states.

Pros:

  • Waivable monthly fee
  • 2500+ branches around the states

Cons

  • Has many complaints regarding the merger on the portal.
  • Charges a $3 fee for transactions at non-Truist ATM

BB&T and SunTrust merged to form Truist in 2019. As of today, Truist Bank is one of the top ten largest banks in the nation. After the merger, there have been frequent complaints of money missing from the account or the account being inaccessible. However, the bank is working on the issue and is trying to solve customers’ problems and complaints.

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17) Connexus Credit Union

Savings APY: 0.25% with a minimum of $100 for a savings account and 1.75% for the Xtraordinary checking account with no minimum balance requirement.

CD APY: 1-year – 3.91%, 3-year – 3.71%, and 5-year – 3.71% with a minimum deposit of $5,000

Monthly Fees: $0 monthly fee

Federally Insured by: NCUA (National Credit Union Administration)

How many branches are in the State?

Pros:

  • Highest interest rate on checking account
  • No monthly fees
  • Exceptional rates on CDs

Cons

  • Minimum balance requirement for a savings account.

Last up on our list of the best banks in Florida is Connexus Credit Union, which was founded in 1935 and is headquartered in Marathon County, Wisconsin, United States. It has a total of $5.1 billion in assets and around 433,000+ customers. It has over 5000 branches nationwide through a shared network with credit unions.

Connexus Credit Union offers a number of financial services from credit and personal loans to mortgage loans. It also has its own free money management mobile application for kids that helps parents create a game and chore lists, making it one of the best banks in Florida for those with kids.