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From the casinos of Las Vegas to the hot springs of Reno, Nevada has plenty to offer both residents and visitors. The best banks in Nevada offer high interest rates and fee-free basic savings account and checking account options.
12 Best Banks in Nevada
If you’re in the market for a new bank, there are more than a few options available. The below list will help you find a bank account that fits your needs.
1. Chase Bank
There are quite a few national banks in Nevada, including Chase, which has both branches and ATMs in the state. Chase’s signature checking account, Total Checking, waives the monthly fee as long as you receive $500 or more in direct deposits or maintain a $1,500 balance.
But perhaps the best reason to move your Nevada banking to Chase is the $200 bonus if you open a new checking account and enroll in direct deposit.
Fees:
- $12 monthly service fees (waived with requirements)
- $34 overdraft fee
Balance requirements:
- No minimum deposit to open
- No minimum balance requirements
ATMs:
- Fee-free at 15,000+ Chase Bank ATMs
- $3-$5 for each out-of-network ATM transaction
Interest on balance:
- 0.01% APY on savings account
- Up to 3.75% APY on CDs
Additional perks:
- $200 bonus for new checking accounts
- Chase Overdraft Assist gives you extra time to fix overdrafts
2. Nevada State Bank
For a local bank option, check out Nevada State Bank, which is part of Zions Bancorporation, N.A. Your Nevada State Bank debit card gets you fee-free ATM access at both Nevada State Bank and Zions Bancorporation locations.
Nevada State Bank offers a free checking account as long as you have at least $250 in electronic deposits monthly or make at least 10 debit card purchases using your Nevada State Bank debit card.
Fees:
- $9 monthly maintenance fee (waived with requirements)
- $29 overdraft fee
Balance requirements:
- $50 minimum deposit to open
ATMs:
- Fee-free at any Nevada State Bank or Zions Bancorporation ATM
- $2.50 fee for each out-of-network ATM transaction
Interest on balance:
- 0.01% APY on savings accounts
- Up to 4.75% APY on CDs
Additional perks:
- Military checking accounts available
- Wide range of loan options available
3. Chime
Chime is an online and mobile banking option, which offers a fee-free checking account and 2.00% APY on its savings accounts. You’ll have access to cash at more than 60,000 ATMs nationwide. This is an option that works best if you have direct deposit set up, since most of Chime’s perks require it.
Fees:
- No monthly service fees
- No overdraft fees
Balance requirements:
- No minimum deposit to open
- No minimum balance required
ATMs:
- Fee-free at more than 60,000 ATMs nationwide
- $2.50 out-of-network ATM transaction fee
Interest on balance:
- 2.00% APY on savings account
Additional perks:
- Access to paycheck up to two days early
- SpotMe covers you in up to $200 in overdrafts
4. Zions Bank
Zions Bank is a regional bank with branches in Nevada, as well as in Arizona, California, Colorado, Idaho, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Like most banks, Zions Bank offers features like mobile check deposit and online bill pay. You’ll find ATMs throughout Nebraska, as well as across its service area.
Fees:
- No monthly service fees
- $29 overdraft fee
Balance requirements:
- $50 minimum deposit to open
- No minimum balance required
ATMs:
- Fee-free at any Zions Bancorporation ATM
- $2.50 for each out-of-network ATM transaction
Interest on balance:
- Up to 0.19% APY on savings accounts
- Up to 5.20% APY on CDs
- Up to 1.46% APY on money market account
Additional perks:
- Robust mobile banking features
- Great banking options for small business owners
5. GO2bank
Online-only banks can be among the best banks in Nevada, thanks to their competitive offerings. GO2bank is one of those banks. You’ll get 4.50% APY on your savings account, as well as 7% cash back on gift card purchases.
All you’ll need to do to qualify for the free checking account is to have at least one government or payroll direct deposit in the previous statement period.
Fees:
- $5 monthly fee (waived with requirements)
- $15 overdraft fee
Balance requirements:
- No minimum deposit to open
- No minimum balance required
ATMs:
- Fee-free at Allpoint ATMs nationwide
- $3 for each out-0f-network ATM transaction
Interest on balance:
- 4.50% APY on savings accounts
Additional perks:
- Deposit cash at more than 90,000 retailers nationwide
- Up to 7% cash back on gift card purchases
6. Bank of America
Bank of America is a national bank with branches in 38 states, including Nevada. Debit cards work at ATMs throughout its service area, including throughout Nevada.
Advantage Plus checking accounts are fee-free as long as you have at least one electronic deposit of $250 or more, maintain a $1,500 minimum balance, or are enrolled in Preferred Rewards.
Fees:
- $12 monthly service fee (waived with requirements)
- No overdraft fees
Balance requirements:
- $100 minimum deposit to open
ATMs:
- Fee-free at 15,000+ Bank of America ATMs nationwide
- $5 for each out-of-network ATM transaction
Interest on balance:
- Up to 0.04% APY on savings account
- Up to 4.75% APY on CDs
Additional perks:
- Generous bonuses on new credit cards
- Wealth management services available
7. One Nevada Credit Union
If you live, work, or attend church or school in Clark, Nye, or Washoe County, you’ll qualify for membership at One Nevada. Credit unions typically come with plenty of perks, including competitive rates on loans.
The One Checking Account comes with a $5 fee that can be waived as long as you maintain a $2,000 average daily balance or have at least 15 signature-based debit purchases each month.
Fees:
- $5 monthly service fee (waived with requirements)
- $35 overdraft fee
Balance requirements:
- $5 membership fee to open
ATMs:
- Fee-free at One Nevada Credit Union ATMs
- Fee-free at 46,000+ Allpoint ATMs nationwide
Interest on balance:
- 0.05% APY on savings account
- Up to 4.59% APY on CDs
Additional perks:
- Dividends paid monthly on One savings account
- Competitive rates on personal loans
8. CIT Bank
CIT Bank is an online and mobile banking solution that offers a no-fee checking account. A $100 minimum opening deposit is required, but there are no fees for overdrafts.
Although CIT doesn’t have an ATM network, there are no out-of-network ATM fees, and CIT will even refund up to $30 in fees charged by third-party ATM owners every month.
Fees:
- No monthly maintenance fees
- No fees for overdrafts
Balance requirements:
- $100 minimum opening deposit
- No minimum balance required
ATMs:
- Up to $30 in out-of-network ATM fees reimbursed monthly
Interest on balance:
- Up to 0.25% APY on checking accounts
- Up to 4.736% APY on savings accounts
- Up to 5.00% APY on CDs
- Up to 1.538% APY on money market accounts
Additional perks:
- Competitive rates on financing for small business owners
- Competitive rates on no-penalty CDs.
9. Wells Fargo
Another national bank in Nevada is Wells Fargo, which has branches in Las Vegas and Henderson. You can complete most of your transactions using the mobile banking app, but you’ll also have fee-free ATM access at 12,000 ATMs nationwide.
You’ll get a free checking account as long as you maintain a $500 minimum balance or receive $500 or more in qualifying direct deposits each statement period.
Fees:
- $10 monthly service fee (waived with requirements)
- $35 overdraft fee
Balance requirements:
- $25 minimum deposit to open
- No minimum balance requirement
ATMs:
- Fee-free at Wells Fargo ATMs nationwide
- $2.50 fee for each out-of-network ATM transaction
Interest on balance:
- Up to 0.25% APY on savings account
- Up to 4.51% APY on CDs
Additional perks:
- $300 bonus for new checking accounts
- Robust mobile banking services
10. WaFd Bank
WaFd Bank is a regional bank with branches in Nevada, Arizona, Idaho, New Mexico, Oregon, Texas, Utah, and Washington. You’ll have access to more than 200 branches throughout those states, as well as ATM access at MoneyPass locations nationwide.
What makes WaFd Bank the best regional bank is its local bank feel. The bank focuses on providing a sense of community in each area it serves.
Fees:
- No monthly maintenance fees
- $30 overdraft fee
Balance requirements:
- $25 minimum opening deposit
- No minimum daily balance requirement
ATMs:
- Fee-free at 32,000+ MoneyPass ATMs nationwide
Interest on balance:
- 0.10% APY on savings account
- Up to 5.00% APY on CD
- Up to 2.00% APY on money market account
Additional perks:
- Three styles of debit cards
- Budgeting and financial management tools in mobile banking app
11. First Foundation Bank
Another regional bank with branches in Nevada is First Foundation Bank. There are multiple checking account options, including a free account that requires a $100 opening deposit.
There’s no national ATM presence, but First Foundation does reimburse up to $20 in third-party ATM fees monthly. What makes First Foundation the best regional bank, though, is its above-average rates on savings accounts. You’ll earn 4.85% APY on your savings account balance.
Fees:
- No monthly maintenance fees
- $35 overdraft fee (after $10 grace amount)
Balance requirements:
- $100 minimum opening deposit
- No minimum daily balance requirement
ATMs:
- Fee-free at First Foundation Bank ATMs
- Up to $20 in third-party ATM fees reimbursed monthly
Interest on balance:
- 4.85% APY on savings account
- Up to 4.75% APY on CD
Additional perks:
- Wealth management services available
- Robust solutions for small business owners
12. Plumas Bank
Plumas Bank is a local bank covering Northeastern California and Northern Nevada. You’ll find competitive rates on CDs and multiple checking account options. The basic checking account comes with no monthly fees as long as you conduct 10 or more signature-based transactions using your debit card and enroll in e-statements.
Fees:
- $7 monthly service fee (waived with requirement)
- $34 overdraft fee
Balance requirements:
- $100 minimum opening deposit
- No minimum daily balance required
ATMs:
- Fee-free at ATMs with the VISA, STAR, and PLUS symbols
- $2 out-of-network ATM fee
Interest on balance:
- 0.10% APY on savings account
- Up to 4.08% APY on CD
Additional perks:
- Robust services for small business owners
- Highly rated customer service
How to Choose the Best Bank for Your Needs
Whether you’re looking for a small local bank like Nevada State Bank or you’d prefer a large national bank like Bank of America, it’s important to look at the features. Here are some things to consider for your personal or business checking account and savings needs.
Selection of Products and Services
There’s more to a financial institution than fees and interest rates. The best banks in Nevada provide the type of customer service you need, coupled with a range of services.
If most of your banking is done electronically, online banking might be the best choice for you. If you regularly make cash deposits and withdrawals, though, a local bank with branches close to your house could make a bigger difference.
Before signing on with a bank, take a look at the products offered. Some banks and credit unions provide great interest rates on auto loans if you’re already a customer, so having that as an option could save you money later.
Personal, Business, or Both?
To start, take a close look at what you need in a bank account. Even if you don’t run your own business now, will you someday? If so, business banking services are worth consideration. Landing business loans might be easier if you already have a personal or business checking account with a bank.
Interest Rates
There are two ways interest rates impact you when you’re researching the best banks in Nevada. Deposit accounts like checking and savings earn interest, while loans and credit cards charge interest.
Some checking accounts pay interest but charge fees that supersede any earnings. Some banks offer competitive rates on CDs and savings, but the deals on loans and credit cards aren’t as good. There’s always the option of having multiple bank accounts, but if you prefer to do all your banking in one place, it’s important to consider these factors.
Minimum Balance
Some accounts have a minimum balance requirement attached to their personal checking account options. The best checking account will give you the freedom you need to deposit and transfer money without having you stress about your balance.
It’s also important to note the wording of those balances. In some cases, your personal checking will simply need to keep an average daily balance to meet requirements. Some of the best checking accounts also consider your balance across all your accounts rather than setting a requirement for each. If you have two checking accounts or a checking and savings account with the same bank, you’ll be able to more easily meet that requirement.
Access to Mobile Banking
Online banking makes managing your money easy. Whether you narrow your search to online banks or you’re looking for the best national bank, chances are, you’ll be able to manage your account online.
The best checking account lets you transfer funds, deposit checks, and manage your payment cards in an app. Take a close look at any bank’s app to make sure you’ll be able to handle most of your account online if you prefer to steer clear of branches and ATMs. If you go with an online-only bank, though, make sure you’ll have access to cash when you need it, especially while traveling.
The largest banks in Nevada might not have the features you need. Before choosing a bank, make sure the bank offers the best features for you while also reducing fees and maximizing interest.
Source: crediful.com