Golden 1 pays lower rates on some accounts than online banks, but higher than many brick-and-mortar banks. You also have free access to 30,000 CO-OP ATMs nationwide, which is convenient if you travel out of state. There are 70 branch locations around California, and around 240 Golden 1 ATMs. To join Golden 1, you just have to either live or work in California, and you can open a Golden 1 savings account with $1. There are also more locations around California than other prominent credit unions, such as First Technology Federal Credit Union. It's easier to join than some of the other major credit unions in the state, like SchoolsFirst. Golden 1 is a good choice if you're looking for a credit union in California. You'll also need to meet certain requirements to waive these fees. What to look out for: Monthly service fees for Citi checking and savings accounts vary depending on which accounts you choose. You can also receive a bonus if you choose to only open either a savings or checking account, like the Citi Priority Account, which offers a sign-up bonus of up to $1,500. If you open a checking and savings account and meet the deposit requirements, you may receive a bonus. The bank pays large sign-up bonuses if you open certain checking and savings accounts together and meet deposit requirements. Best Bank for Opening a Checking and Savings AccountĬiti is one of the largest banks in California by branch locations. What to look out for: The bank charges an out-of-network ATM fee and you won't earn interest on the money you deposit. The bank also doesn't charge any overdraft fees. You can receive a $100 sign-up bonus for opening a checking account with Bank of America. Best Bank for Opening a Checking Accountīank of America is the third-largest bank in California by branch locations. Ally is certainly one of the best out there, but depending on your needs and your existing banking, you may find you prefer a different bank, such as Capital One 360, Varo, or Discover. What to look out for: While Ally is extremely competitive, other banks offer similar online high-yield savings accounts. Assign each one a nickname, like "Emergency Fund" or "Travel Account" to track your progress and stay motivated. You may decide to open a separate account for each goal, but Ally has a bucket feature that allows you save for multiple goals in one account. Although it's an online bank, you can use over 40,000 Allpoint ATMs for free around the US.Īlly makes it easy to save for specific goals. The Ally Savings Account has been a power player in the high-yield savings space for a few years now, and it consistently nabs top awards for online banking. Compare Financial Institutions in Californiaīest Banks in California Reviews Best Bank for Opening a Savings AccountĪlly pays 4.25% Annual Percentage Yield (APY), and doesn't charge any monthly maintenance fees. When a financial institution is federally insured, up to $250,000 per depositor is secure in a bank account. Remember that your money is safe at a federally insured financial institution. Golden 1 Credit Union: Best credit unionĪll of the financial institutions on our list are protected by FDIC or NCUA insurance.Citi: Best bank for opening a savings and checking account.Bank of America: Best bank for opening a checking account.Ally: Best bank for opening a savings account. The Best Banks and Credit Unions in California We also considered online banks regarding our top pick for savings accounts. To determine the best banks in California, we reviewed the biggest banks and credit unions in the state. These institutions have stayed as our top picks for the last few months because they offer a variety of bank accounts with solid features and can be opened regardless of where you live in the state. Below you'll find our top picks for the best banks and credit unions in California.
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