The best banks and credit unions in California for 2021
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The best banks in California for January 2021
|Category||Savings APY||Number of CA branches||Next steps|
|Chase||Best for a checking account||0.01% to 0.05%||979||Learn more|
|Ally||Best for a savings account||0.50%||None, online only||Learn more|
|Citibank||Best for checking and savings account||0.04% to 0.15%||288||Learn more|
|Golden 1 Credit Union||Best credit union||0.05%||70||Learn more|
Savings rates at the largest banks in California
Here are the savings rates you'll earn with the biggest banks in California. Two of these, Chase and Citibank, made our list.
We didn't choose others because they didn't have branches in as many parts of California as some of our top picks, or they lacked distinguishing features, such as high APYs or sign-up bonuses.
However, you may still decide one of these California banks is a good fit for you, and you might like banking with a widespread institution you're familiar with.
|Savings APY||Number of CA branches||Next steps|
|Wells Fargo||0.01%||987||Learn more|
|Chase||0.01% to 0.05%||979||Learn more|
|Bank of America||0.01% to 0.05%||854||Learn more|
|US Bank||0.01%||619||Learn more|
|MUFG Union Bank||0.01%||315||Learn more|
|Citibank||0.04% to 0.15%||288||Learn more|
|Bank of the West||0.01%||224||Learn more|
|Mechanics Bank||0.01% to 0.03%||145||Learn more|
|Comerica Bank||0.01% to 0.03%||96||Learn more|
|California Bank & Trust||0.01% to 0.03%||86||Learn more|
*As of December 2020, the national average APY on savings accounts is 0.05% according to the FDIC.
Below you'll find our top picks for the best banks and credit unions in California. Each of these is federally insured and offers a variety of products, including bank accounts, investment accounts, and loans.
Our expert panel for this guide
We consulted banking and financial planning experts to inform these picks and provide their advice on finding the best banks and credit unions for your needs. You can read their insights at the bottom of this post.
We're focusing on what will make a bank most useful, including customer service, fees, rates, and more.
Best bank for opening a checking account: Chase
Chase Total Checking®
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