which is the best bank

Answers to which is the best bank

You may not realize it, but there are many different types of banks operating these days. And depending upon your purposes, being with the wrong type may cost you anywhere from hundreds to thousands of dollars a year.

There are large national banks that you'll find on every street corner no matter what city you're in. The country's largest are Chase, Bank of America and Citibank.  

There are small local or regional banks that operate much the same way. They too offer saving, checking, credit cards, mortgages, etc. but you only find them in your neck of the woods.

Credit unions are like not-for-profit banks. They have an even smaller, more individual presence than small banks. Some have a system of branches, some do not. But they're known for charging lower fees and offering higher rates of interest than banks. The catch is that you have to be a member to get a good deal.

Finally, there are online banks. These don't have a bricks-and-mortar presence at all. (Or if they do, they tend to be very sporadic.) You do all of your business by mail, by direct deposit, or on the Web. As a result, you don't pay as much for the services.

When determining what type of bank is best for you, it's really a matter of looking at what kind of bank customer you are. How often do you need particular services?  And, it's important to understand, you may not want to limit yourself to dealing with just one. You may want two savings accounts for different purposes. You may want to have your credit card with one and get a mortgage with another.

Frequent ATM users
Citibank - 19,000 ATMs
Bank of America - 16,000 ATMs
Chase - 8,500 ATMs
Washington Mutual - 3,750 ATMs

Heavy-duty saver  
AmTrust Bank - 5.36% APY
HSBC Direct - 4.31% APY
ING Direct - 4.30% APY

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