Best Banks in Florida for Business and Saving

Florida's banking scene is quite varied, giving you plenty of options. You can find large national banks that have branches almost everywhere, or choose local credit unions that really focus on their community.

The ideal choice for you really comes down to what matters most, whether that's having a physical location nearby, securing competitive rates on savings, or getting consistently helpful customer support.

Best Banks and Credit Unions in Florida

Looking for a reliable place to bank in the Sunshine State? Here are Bankrate’s leading selections for the top banks and credit unions in Florida for the upcoming year. These picks are designed to meet a wide range of financial needs and preferences.

PNC Bank

For a major regional bank in Florida, PNC Bank is a strong contender. It operates close to 200 branches throughout the state and thousands more across several other regions. You get convenient access to your money with their extensive network of roughly 60,000 ATMs nationwide, often without extra charges while traveling.

They provide a full suite of standard accounts, including checking, savings, money market accounts, and CDs. Their Virtual Wallet product is a notable feature, neatly integrating checking and savings tools into one package.

Keep in mind a couple of considerations for Florida. The most competitive interest rates for the Virtual Wallet and their high-yield savings account are not offered in the state. Their standard savings rates tend to be quite low. Also, their overdraft fee is on the higher side at $36.

Wells Fargo

If you're looking for a bank with physical locations everywhere, Wells Fargo is hard to beat in Florida. They operate more branches in the state than any other bank, so you can likely find one whether you're in Tallahassee or Miami.

Their presence is national, with branches in many states and access to thousands of ATMs. This makes managing your money straightforward, whether you're at home or traveling elsewhere. Wells Fargo provides a full menu of standard accounts, from checking and savings to certificates of deposit.

Their promotional CDs sometimes offer attractive rates worth checking out. Just be aware their regular savings accounts typically earn very little interest. Also, the fee for an overdraft can be a significant $35.

Suncoast

For a large local option, Suncoast Credit Union is Florida's biggest and ranks among the nation's top ten. It operates the most extensive credit union branch network in the state, with close to 80 locations, primarily along the western coast. Members also enjoy surcharge-free access to tens of thousands of ATMs across the country.

Eligibility is straightforward if you live, work, or attend houses of worship in many Florida counties. They offer a comprehensive selection of deposit accounts to meet various needs.

A major benefit is their approach to fees. You won't face monthly maintenance charges on accounts, and their primary checking option earns interest without a fee. They also provide complimentary overdraft protection on that specific checking product.

One area to note is their savings account rates, which tend to be lower than the national average. You can often find more competitive yields elsewhere if growing your savings is a top priority.

TD Bank

When it comes to great customer service in Florida, TD Bank is a top choice. It scored equally with PNC Bank in a major national satisfaction survey, measuring aspects like trust, digital tools, and how issues are handled. We give it a slight edge because of its strong overall rating and its convenient branch hours, which include weekends.

Their mobile app is also a favorite, receiving excellent feedback from hundreds of thousands of users. You'll find a good variety of standard accounts here, supported by a network of over a thousand branches.

Some real advantages include their longer branch hours for in-person help and quick replacement for lost debit cards. Their CD rates often beat the national average, which is a plus for savers.

A couple of things to consider are their ATM network, which isn't as large as some competitors, and a sizeable overdraft fee. Their primary checking account carries a monthly service charge, but you can have it waived by meeting certain balance requirements.

How to choose the right bank for You

Finding your ideal bank in Florida means matching your personal financial needs with the right institution. Your choice might be a national bank, a local credit union, or a digital-only bank. A good place to start is focusing on institutions that keep their fees minimal, particularly for monthly account maintenance, using ATMs, and covering overdrafts.

For your savings, it's smart to look for banks offering strong annual percentage yields to help your money grow. Think about how much you value having a physical branch nearby versus using a powerful mobile app that lets you handle tasks like locking your card instantly.

Always take time to read the account details carefully. Make sure you understand the standard terms, any special promotional offers, and that your deposits are federally insured. Reading reviews from other customers can be very helpful. Sometimes, using accounts at more than one bank lets you create a perfect setup for all your different goals.