What About Money: Best Banks in New York in 2022

4:41 pm  |  26.06.2022

Banks are in the business of securing financial treasures. However, they have diversified into other key areas of the financial institution. To be honest, we can’t keep all our cash at home and the idea of getting interested in your money is not an offer you would resist, so you would need the services of a bank.


When choosing banks, don’t choose just any bank. You need to make sure they have high-interest rates, proper account options, effective customer service, and overall bank-friendliness. Having a… Having a good number of accounts is great for your budgeting as you can allocate funds with less stress.

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What Makes Banks in New York Unique?

According to Wikipedia, New York is the most populous city in the United States. With an estimated 2019 population of 8,336,817 spread over approximately 302.6 square miles (784 km2), New York City is also the most densely populated major city in the United States.

A large population is great for businesses as it encourages market competition between similar service providers. This is great as it increases creativity and options available which leads to economic growth.

With New York’s stellar population, all of the banking institutions are at the top of their game, offering excellent services that are hard to find in other cities.

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1. JPMorgan Chase Bank

JPMorgan Chase in New York

This bench offers lightness and comfort at an incredible level. As a new customer, you can earn a $200 bonus after opening a new account.

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You can easily open a bank account from anywhere in the world at low-interest rates for your savings accounts.

2. Bank of America

Bank of America is one of the top banks in New York with the sole purpose of making financial transactions and investments smooth. Their wide range of options and account types make them exceptional.

Bank of America has many savings plans for both children and adults. Their lending rates are incredibly low for the borrower and high for the lender.

3. Key Bank


KeyBank is one of the best banks in New York offering great banking services while adhering to the pandemic rules of social distancing and wearing a face mask. Customers use the ATM thanks to a right of way since people over 65 years of age are allowed to enter the banking hall.

KeyBank offers the option of running both a current account and a savings account with favorable interest rates. They have an interest rate of 2,740% with a 30-rate fixed rate and 2,250% with a 15-rate fixed rate.

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4. TD Bank

TD Bank in New York

TD Bank is a great bank that offers great personal banking services. As a customer of this bank, you will have access to investment opportunities, personal loans, full support to start and grow a small business, and bank overdrafts.

The TD Banking Savings Account offers you an interest rate of 0.25% when you have a minimum balance of $250,000. On top of that, you get 0.05% on any balance and 0.15% on a minimum balance of $50,000.

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5. Citi Bank

Citi Bank promises an exclusive banking experience that offers unlimited check writing, a minimum deposit of $0, and over 60 ATMs where you can withdraw money.

The Savings Account allows you to earn up to 0.50% interest with no minimum amount to guarantee such an interest rate. If you are not interested in a savings account, you can also open a checking account.

6. Community Bank

Community Bank in New York

With no mortgage closing costs and the ability to apply for a loan online, Community Bank still reflects its high value for a quality customer relationship. They strive to always provide the best value to their valued customers.

If you want to open an account with this bank, you can either open a checking or savings account. As an added benefit, this bank offers you a financial plan that will help you easily achieve your goals. In fact, they remain one of the best banks in New York because of their outstanding quality.

7. Capital One


Capital One invites everyone to enjoy a new style of banking. They have a catchphrase that means “It’s not just a bank. It’s a new attitude towards banking.” This is easily relatable due to their structured framework that allows you to easily transact without visiting a branch.

In Capital One you can open either a savings account or a checking account. On top of your 360 performance savings, you earn 0.40% Annual Percentage Return (APY) on each credit. And this is not dependent on your balance or associated with monthly fees.

8. New York Community Bank

New York Community Bank offers you exceptional interest rates on your savings accounts. Although the interest rates apply to accounts with at least $1,000, you still get lower interest for amounts over $500.

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New York Community Bank is a community bank that offers a variety of accounts for children, adults, students, and retirees. Your online banking platform communicates banking the way you want with greater impact.

9. Citizen Bank

Citizen Bank in New York

Citizens Bank is the 13th largest retail bank in the United States, providing a wide range of financial services to millions of people. They have grown into a leading financial institution offering savings account holders easy banking and investing options.

You can open a checking account, savings account, and money market account. Depending on the account balance, you will receive great interest in your savings account. Their rates range from 0.1% to 0%.

10. NBT Bank

NBT’s banking services are numerous. From home financing to solve your household problems, you also get great investment plans to help you make good money decisions.

With over $1,000 in your bank account, you can start earning interest on cheap terms at one of the top banks in New York.

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