Capital One

Capital One Financial Corp.'s banking division provides checking, savings, and certificates of deposit. In 1988, Richard Fairbank and Nigel Morris began constructing Capital One, which was then a division of Signet Bank. Capital One launched a credit card division under its own brand in 1994. Capital One bought ING Direct in 2012 and changed the lender's name to Capital One 360. For customers searching for a full-service bank with access to physical branches and a large network of fee-free ATMs, Capital One is the best option. In Louisiana, Maryland, New Jersey, New York, Texas, Virginia, and Washington, D.C., Capital One runs about 300 locations.

According to assets, Capital One Bank is one of the top 10 American banks. Customers can access their accounts online from virtually anywhere, despite the fact that it has branches in seven Eastern and two Southern states. The bank provides free checking accounts that earn interest along with high rates on savings and certificate of deposit accounts. There are no minimum balance requirements, monthly charges, or overdraft fees to be concerned about.

Pros:

• The 360 Performance Savings account has no monthly services fees.
• The Capital One app allows you to make mobile deposits and set up an automated savings plan.
• No minimum balance is required to open or maintain an account.
  

Cons:

• The 360 Performance Savings account doesn’t include a debit card or an ATM card.

Website: https://www.capitalone.com/
Bankrate Score Rating: 5.0/5.0