9 Best Banks in Pennsylvania for 2024

It offers several checking accounts, including one that’s free and pays interest if you maintain a balance of at least $2,500.

When it comes to convenience, First National Bank makes it easy to open an account online. The bank uses a shopping cart model, allowing you to add the services you want and finalize your choices when you’re ready.

There are no monthly fees, and while the minimum deposit is $50, to open a checking account online, the bank will eliminate this requirement if you open the bank account in person at a branch.

The bank offers a modest rate on savings accounts, but their money market account boasts a 1.25% annual percentage yield (APY), and CDs can go as high as 5.00% APY.

One convenient feature is the early direct deposit feature, which lets you access your paycheck up to two days sooner than usual.

Security is another strong suit for SoFi, as they provide FDIC insurance that covers up to $2 million.

They also provide a safety net with their overdraft protection, covering you for up to $50 if you’re eligible through direct deposits.

New customers get a warm welcome with a bonus ranging from $50 to $300, based on your initial deposit.

Additionally, you have the freedom to use any of the 55,000 Allpoint® ATMs globally, which is a handy feature for those who like to travel.

As a fintech, Upgrade doesn’t operate as a traditional bank but offers its services through a partnership with Cross River Bank, which ensures that all accounts are FDIC-insured up to $250,000.

The Upgrade Rewards Checking Plus account has no minimum deposit requirements, monthly fees, overdraft fees, or transfer fees.

Account holders can benefit significantly from features like early direct deposit, which allows them to access their paychecks up to two days earlier. Additionally, the account rewards everyday spending with up to 2% cash back on debit card purchases.

Furthermore, by signing up for the Upgrade Premier Savings account, you can take advantage of a competitive 5.21% APY on balances exceeding $1,000.

The bank also has branches in 15 other states, adding convenience for those who travel. Beyond the physical locations, TD Bank offers robust mobile banking features, allowing you to manage most of your financial tasks easily.

One standout checking option is the Convenience Checking account. This account lets you skip the $15 monthly fee with a modest daily balance of $100.

Plus, new customers can qualify for up to a $300 bonus by meeting certain criteria within the first 60 days. There’s no minimum initial deposit, and no minimum balance requirement going forward.

TD Bank offers up to 4.00% APY on savings accounts and up to 5.00% APY on CDs. Additional perks include a grace period for resolving overdrafts and 24/7 online customer service.

With its variety of account options, customer-friendly features, and widespread presence in the state, TD Bank solidifies its position among the best banks in Pennsylvania.

The Performance Select Account, while requiring a higher balance to avoid fees, pays interest on your funds.

There’s a $7 monthly service fee, but they waive the fee if you meet certain criteria. Opening an account requires just a $25 deposit, and there is no minimum balance requirement. You can also use PNC Bank ATMs, as well as 60,000+ partner locations nationwide, without extra charges.

Savings account rates are on the lower side, but the money market accounts offer a competitive 1.25% APY. Additional features include a bonus of up to $200 for new Virtual Wallet accounts and financial management tools integrated into the bank’s app.

The bank offers several checking accounts to fit different needs. One attractive option allows you to avoid monthly fees just by receiving at least one deposit each month.

The $9.99 monthly maintenance fee can be waived by meeting this simple requirement, and there’s no minimum balance needed to keep the account open.

For those interested in saving, Citizens Bank also offers CDs with competitive rates, going up to 4.50% APY. This makes it an ideal spot for parking money you don’t need immediate access to, allowing it to grow at a healthy rate.

In addition to its banking products, Citizens Bank provides a credit card that offers cash back, adding another layer of value for its customers.

If you don’t fit into one of these categories, you can still join by paying a $20 fee, or just $10 if you apply online.

What sets PSECU apart are its competitive loan products. If you’re considering a home equity loan or an auto loan, it’s worth looking into what PSECU can offer. Small businesses might also find value in their business checking accounts and attractive terms on small business loans.

For checking accounts, there are no monthly maintenance fees or overdraft fees, and you can open an account without a minimum deposit or ongoing balance requirements.

The credit union also offers access to a vast network of fee-free ATMs, including its own, as well as those in the CO-OP and Allpoint networks. Plus, if you have direct deposit, PSECU will reimburse third-party ATM fees up to $20 per month.

In addition, PSECU offers 0.20% APY on the free checking account, 4.75% APY on CDs, and a rewards-earning debit card.

Setting up a checking account with PFCU is straightforward. There’s no minimum deposit required to open an account, and you won’t have to worry about monthly maintenance fees.

In addition, PFCU helps members avoid ATM fees by providing access to a wide network of ATMs that accept cards with various logos, including CO-OP, CU$, PLUS, and others.

You can earn up to 3.25% APY on savings accounts, and up to 4.40% APY on CDs. This gives you several opportunities to grow your money effectively.

But it’s not just about savings and checking. PFCU also offers various mortgages, business banking products, and reward-earning credit cards available for its members.

With a modest minimum opening deposit of just $25, the checking account offers financial flexibility that many customers will find attractive.

Though the bank’s savings accounts pay less interest, it shines in the area of money market accounts and CDs, offering 4.25% and 5.50% APY, respectively. For those who want to grow their savings, these are excellent options.

Other services provided by Santander Bank include wealth management and a highly rated mobile banking app, adding an extra layer of convenience for its customers.

Considering its versatile financial products, reasonable fees, and competitive rates, Santander Bank easily ranks among the best banks in Pennsylvania.