BROOKLYN, N.Y.––The Best Bank and the Best Credit Union in the U.S. have been named by MyBankTracker.com as part of its annual Best of Banking Awards for 2019.
Alliant Credit Union in Chicago was named the best credit union for 2019 for its availability nationwide, lenient membership eligibility requirements, low fees, and competitive interest rates. It is the second such national honor for Alliant, as CUToday.info earlier reported here.
Chase took home the award for the best national bank as the result of what MyBankTracker.com called its full range of deposit accounts, credit cards, extensive financial services, and investment offerings. The large branch and ATM network and mobile apps also played a part.
“The editorial staff analyzed and compared top financial institutions and products throughout the United States across various categories, said MyBankTracker.com, adding it increased the number of honors in years past from seven to 13 with additions such as the best finance apps, investing tools and robo-advisors. Selections were made by evaluating criteria such as benefits, fees, interest rates, ATM access and other factors, the company said.
The best online bank award went to Axos Bank for its free rewards and high-interest checking account, unlimited domestic ATM fee refunds, and no overdraft fees, MyBankTracker.com said.
Geographic Winners
Four geographic winners were given the honor of best regional bank. Popular Bank received the award for the Northeast with BBVA Compass winning in the South. In the West, Bank of the West received the honor with Huntington Bank taking home the award in the Midwest.
“When we curated our awards years ago, the focus was on banks,” said Jason Reposa, CEO and co-founder of MyBankTracker.com. “However, with the financial space constantly evolving we decided to change the awards in our tenth year. Now, we not only honor the best banks, but also a variety of financial products that help consumers manage their money on a daily basis such as apps, automated services, and loans.”
To see the full list of winners and runners-up, visit MyBankTracker.com/banking.