CNBC’s best big bank savings accounts of 2024

BankingMar 28, 2024

These big bank savings accounts are FDIC-insured from large national banks, offering access to at least 700 physical branches and over 4,000 no-fee ATMs in the U.S.

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Editor’s Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public.

Despite the rise of online-only banks, many people may still prefer big banks thanks to their large networks of physical branches. When you have an account at a brick-and-mortar bank, you can easily deposit or withdraw cash at a nearby branch or one of the bank’s many ATMs at no cost.

Brick-and-mortar banks are ideal for those who value more personal, face-to-face customer service. The tradeoff is that they generally have higher fees and lower interest rates on savings accounts than online banks. This is because brick-and-mortar banks have high overhead costs to operate their branches which are usually passed on to their customers.

To determine which big bank savings accounts are the best in 2024, CNBC Select analyzed and compared dozens of savings accounts offered by the largest banks and credit unions. We considered each bank’s number of physical branches and ATMs, as well as their savings account fees, opportunities to earn higher interest rates, customer service and any other special offerings or programs. (See our methodology for more information on how we choose the best brick-and-mortar savings accounts.)


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