Stay in shape in Kansas City at one of the 10 best apartment gyms in the city. See which one suits your workout style here.
Known around the world for its barbeque prowess and strong connections to the roots of jazz, Kansas City is a uniquely American city. As one of the larger cities in the Midwest, Kansas City still serves as a central cultural hub to large swathes of people throughout Kansas, Missouri and the rest of the Midwest.
With hundreds of apartment buildings to choose from, it’s easy for newcomers and locals alike to get stuck choosing between a number of quality living options. It’s in these cases that renters need to turn to the amenities to make the right choice. If you’re considering an apartment that shows up on this list, you’re in luck. Below is a list of ten of the best apartment gyms in Kansas City. Find the fitness center that suits you best and take the first steps toward signing that lease today.
Source: Rent. / Two Light Luxury Apartments
Two Lights Luxury Apartments boasts one of the more beautifully designed apartment gyms in existence. Located in the Crossroads neighborhood, this large, light-filled community fitness center serves as a meeting point for many residents and is an undeniably pleasant place to get your sweat on.
Featuring cardio machines with views of the city, equipment designed to tone every upper body muscle you have and free weights for days, this gym is capable of handling even the most demanding and creative workout regimens.
Source: Rent. / Flashcube Luxury Apartments
With an indoor basketball court, tennis court, pickleball court, soccer room and climbing wall, there’s no way the fitness amenities at Flashcube Luxury Apartments were going to miss this list.
Boasting an expansive indoor sports complex that just might put your local Y to shame, the over-the-top exercise amenities don’t stop at the rec center. Also providing residents with a spin room, cardio station and well-equipped weight-lifting area, this Crossroads complex is capable of supporting an extremely active lifestyle entirely within its walls.
Source: Rent. / Second & Delaware
Located in Columbus Park and backed right up to the banks of the Missouri River, the fitness center at the Second & Delaware apartment complex perfectly caters to the active lifestyles of its resident population thanks to an industrial-style gym, yoga studio, spin room and more.
With everything from a squat rack to a rowing machine to windowfront ellipticals with views of the outside world, you’re never short on options at Second and Delaware. Whether you’re a cardio enthusiast or a casual lifter, there’s always a new opportunity for exercise waiting for you here.
Source: Rent. / West Hill Lofts
With soaring ceilings, brick walls and a Wellbeats Digital Trainer system, it’s easy to see from the jump that the West Hill Lofts gym means business. Designed to help people of all fitness approaches meet their personal goals, this fitness center is fully equipped for objectives both small and lofty.
Treadmills and ellipticals with outside views, a squat rack with enough space to make serious gains and cable machines capable of supporting a whole workout circuit on their own are just a few of the elevated features and pieces of equipment you can expect to find at this West Plaza iron jungle.
Source: Rent. / The Yards
Located right on the border of Kansas and Missouri in West Crossroads, the fitness center at The Yards, a modern apartment community, is full of futuristic fitness tech designed to make working out less of a chore than ever before.
Boasting a Fitness On-Demand® system, professional-grade exercise machinery and a serene stationary bike room that’s perfect for pedaling the stresses of the day away, this gym is all about comfort and convenience above all else. Whether you like a Sunday afternoon spin class or a Monday morning power lift, the gym at The Yards has it all.
Source: Rent. / Woodside Village
In Westwood, KS, just southwest of downtown Kansas City, is the Woodside Village apartment complex. Designed to facilitate physical fitness throughout the daily lives of its residents, the list of recreational amenities here is certainly not short.
Boasting a spa, indoor and outdoor pools, tennis courts and a state-of-the-art fitness center, this complex provides everything residents need to live life to the fullest. At these apartments, you can start your day with some heavy lifting in the light-filled fitness center and cap it off by soaking the soreness away in the spa.
Source: Rent. / Roaster’s Block
Located in a beautiful brick building near Westside North, the fitness center at Roaster’s Block has an industrial vibe that encourages hard work and maximum effort. With everything from a pullup station to pulldown machines and all the cardio equipment you could ever need, this gym has all residents could want.
Also offering personal training services, HIIT classes, yoga sessions and more, the fitness center at Roaster’s Block is set up with a stellar support network so all can feel comfortable and confident in reaching their personal workout goals.
Source: Rent. / The Ambassador
Originally constructed as the largest hotel in Kansas City, The Ambassador has since gracefully transitioned into a luxury apartment complex in Central Hyde Park. Small but mighty, the fitness center at The Ambassador is all about making the most of its more modest footprint.
This fitness center is equipped with only the highest quality machinery and adorned with numerous flatscreen TVs and free weights. What this gym may lack in size, it more than makes up for with quality. Find yourself here at the beginning of a long day or at the end of a tough week and let the worries melt away (along with a few pounds).
Source: Rent. / Thrive at Creekside
Located north of Downtown in scenic Parkville, the fitness center at Thrive at Creekside is equipped with the cardio equipment you need to get marathon-ready in months and the weight machines you’ll need to bulk up beyond recognition if that’s what you’re looking for.
Whether you’re starting the day with a half hour on the rowing machine or wrapping up a long week with an even longer stretching session, this fitness center provides residents with all the essentials they need to go beyond and become their best selves.
Source: Rent. / Trinity Woods
East of Kansas City in Independence is one of the more luxurious apartment fitness centers in the KC area. Trinity Woods is an elevated apartment community with a fitness center that will force you to forget the monthly memberships.
Boasting Olympic weights, Technogym equipment, a dedicated spin room and fitness programs on demand, this gym perfectly caters to every type of fitness goal. From total body transformation to simply staying in decent shape, everything is possible at this well-equipped gym.
Stay in shape in Kansas City
Staying in shape can be difficult no matter where you call home. That said, if you’re lucky enough to sign a lease at one of the Kansas City apartment buildings listed above, you’re already well ahead of the curve when it comes to accomplishing your fitness goals.
Leverage the amenities at your disposal and deepen your appreciation for physical fitness in your new apartment home gym.
The Best States for Higher Education in 2018 – SmartAsset
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It’s hard to overstate the value of an education. According to Census Bureau data from 2016, the average worker with a bachelor’s degree earns $51,600 per year. That is roughly $22,000 more than the average worker with a high school diploma earns and $30,000 more than a worker without a high school diploma earns. But as everyone knows, getting an education can be expensive and is getting increasingly so. From 2006 to 2016, the cost of college tuition and fees increased by 63%, according to the Bureau of Labor Statistics.
Compounding that problem is the fact that many students take on massive amounts of student debt to pay for college, hindering their ability to save for retirement or buy a home. However, in some states, public colleges are still affordable and offer students excellent earning opportunities. Below we rank the best states for higher education.
In order to come up with our rankings we looked at five factors. Specifically, we compared the states across student-to-faculty ratio, average net price, undergraduate graduation rate, in-state attendance rate and the 20-year return on investment. Check out our data and methodology below to see where we got our data and how we put it together.
This is SmartAsset’s fourth annual study on the best states for a higher education. Read the 2017 study here.
Key Findings
Consistency – For the third year in a row, Virginia and California occupy the top two spots. Eight of last year’s top 10 also ranked in the top 10 this year.
Mixed bag – No one area dominates more than another. Some Northeast states, like New York and New Jersey, rank well, as do some Southern states like Virginia and North Carolina. California also gets an A grade while in the Midwest, Michigan secures a top 10 spot.
1. Virginia
This makes four years in a row in which Virginia was either the best or second-best state for higher education. Schools in this state have a graduation rate of 71%, or second-highest in our study, and offer their students great long-term value. Our data shows that schools in Virginia offer a 20-year average return on investment of $417,711, or fourth-most in the study.
Attending college in Virginia is on the more expensive side, this state ranks in the bottom 10 for average net price.
2. California
California once again secured a spot among the top two. This state ranked well in all but one of our metrics. Schools here have the second-highest 20-year return on investment and the fifth-lowest average net price.
However, for students who prefer an intimate class experience California may not have the best options. According to our data, California has a student-to-faculty ratio above 24, the highest in our study.
3. Wyoming
The Cowboy State takes third. This state ranks highly because of how many locals attend state colleges. Around 62% of high school graduates in Wyoming end up attending local 2-year or 4-year institutions. For that metric, Wyoming ranks 10th.
Wyoming schools also have low student-to-faculty ratios. Its student-to-faculty ratio is 14, fifth-best in our study. With some improvement in the graduation rate (currently 55%), Wyoming might be able to climb into one of the top two spots.
4. Iowa
No public colleges do a better job at graduating its students than Iowa. Overall, 72% of students in public colleges in Iowa graduate, the highest rate in our study. Students tend to do well once they graduate, as well. The 20-year return on investment for graduates of public schools in Iowa is $369,400, ninth most in the country.
5. North Carolina
Once again North Carolina scores well in in higher education. Not only does North Carolina score well in this study, but this state contains many of the best community colleges in the country.
On average, attending one of North Carolina’s public colleges is fairly affordable. The average net price for the 2015-2016 school year, according to The Integrated Postsecondary Education Data System, was $11,500. North Carolina ranks 12th in that metric. Most students who attend North Carolina public colleges graduate, according to our data. North Carolina public colleges and universities had an average graduation rate of just under 61%.
6. Connecticut
Connecticut ranked sixth this year, jumping half a dozen spots from last year. Public colleges and universities in this state have some of the lowest student-to-faculty ratios in the country. At 13.9 only three states have a lower student-to-faculty ratio than Connecticut. But perhaps more important is the graduation rate. Around 66% of students at public institutions in Connecticut graduate, the fourth-highest rate.
Connecticut’s score is hurt by the fact that most graduates of Connecticut high school decide to go out of state for their higher education.
The newfound money that many college graduates come into following their exodus from school can be daunting to manage. In turn, we’ve outlined the top financial advisor firms in Connecticut.
7. New Jersey
The Garden State takes the seventh spot. Public colleges and universities in New Jersey do a successful job graduating their students. Our data shows that the average New Jersey public institution has a graduation rate around 68%, the third-highest rate in our study.
New Jersey schools also have a low student-to-faculty ratio and a better than average 20-year return on investment.
8. Delaware
Delaware secured another top 10 spot in this study. This makes four years running where the Delaware state university system was rated in the top 10.
What makes attending Delaware state institutions so good for its students is the long-term value. According to our data, the average Delaware public college or university has a 20-year return on investment of $423,000. Combine that with Delaware having the seventh-lowest student-to-faculty ratio and it’s no surprise this state ranks so high.
9. New York
New York has some good all-around scores. The average public college or university has a student-to-faculty ratio of 15.7 and an average net price of just under $12,000. Both of those scores are in the top 20. New York has a graduation rate of 55% and 20-year return on investment of $356,000, also two scores which beat the majority of other states.
In fact the state only has a below-average score in one metric: percent of high school graduates who attend an in-state public college or university.
10. Michigan
Our list ends in the Great Lake State. Overall Michigan gets a B+. This state’s public institutions seem to be well-loved by its high school graduates. According to our data, around 62% of Michigan high school graduates went on to attend one of Michigan’s 2-year or 4-year public colleges. While Michigan had no top 10 scores it also had no below-average grades.
Data and Methodology
To find the best states for higher education, SmartAsset looked at data for the following five metrics:
Undergraduate graduation rate. Data comes from the Integrated Postsecondary Education Data System. Data is for the 2015-2016 school year.
Average net price. This metric considers the average yearly price for first-time, full-time undergraduate students. Data comes from the Integrated Postsecondary Education Data System and is for the 2015-2016 school year.
Student-faculty ratio. This metric also comes from the IPEDS data center. It’s from the 2016-2017 school year.
20-year return on investment. This is the difference between 20 years of median pay for a graduate with a bachelor’s degree minus the costs for attending the higher education institution for four years and 24 years of median pay for a high school graduate. Data comes from Payscale.
In-state attendance rate. This is the percentage of students who graduated from high school in 2015 who went on to attend an in-state college. Data comes from the Integrated Postsecondary Education Data System and the Western Interstate Commission for Higher Education.
Data for metrics were found using a weighted average of the schools in each state.
We ranked each state in the five metrics. We then found each state’s average ranking, giving a double weighting to graduation rate. Using this average ranking we created our final score. Our score was graded on a curve with the top 15% of states getting an A and the bottom 15% getting an F.
Tips for Managing Student Debt
Deduct it from your taxes. While there was some talk of eliminating the student loan interest deduction the new Trump tax plan left it in place. This means you can deduct up to $2,500 in student loan interest payments from your taxable income.
Refinance. If you find yourself struggling to pay off your student debt, one option may be to refinance. If you refinance all your student loans it is possible to get access to lower rates or to extend the life of the loan to lower monthly costs.
Derek Miller, CEPF®
Derek Miller is a graduate of the University of Edinburgh where he studied economics. He is passionate about using data to help people make better financial decisions. Derek is a Certified Educator in Personal Finance® (CEPF®) and a member of the Society for Advancing Business Editing and Writing. He is a data journalist whose expertise is in finding the stories within the numbers. Derek’s writing has been featured on Yahoo, AOL, and Huffington Post. He believes the biggest financial mistake people make is waiting too late to save for retirement and missing out on the wonders of compounding interest. Derek lives in Brooklyn.
Whether you’re new to the state or a longtime resident, Michigan has plenty to offer. There’s also a wide range of financial institutions, from national banks with multiple branches to the small, independent bank that focuses on building community.
If you’re in the market for a new bank account, the options can be overwhelming. Here are some of the best banks in Michigan to help you find a bank that meets all your banking needs.
12 Best Banks in Michigan
Ready to start comparing banks? The below list includes some of the best banks in Michigan that offer checking accounts, savings accounts, and lending products.
1. Chase
With more than 4,700 branches and 15,000+ ATMs nationwide, Chase Bank is a great Michigan bank for those who frequently travel. Although the rates on savings accounts are low, Chase Bank has some impressive checking account options.
For many Michigan customers, Chase Total Checking will be the best deal. There’s a $12 service fee with that account, but it can be waived by either keeping a $1,500 balance, having $500 in direct deposit activity each month, or connecting a Chase savings account and maintaining at least $5,000 in combined balances.
Fees:
$12 monthly service fee (can be waived)
$34 overdraft fee
Balance requirements:
No minimum deposit to open
No minimum balance requirements ($1,500 to waive service fee)
ATMs:
Fee-free at 15,000+ Chase bank ATMs nationwide
$3-$5 fee for each out-of-network ATM transaction
Interest on balance:
.01% APY on savings accounts
Up to 3.75% APY on CDs
Additional perks:
$300 bonus for new checking account
Autosave feature helps you quickly build savings
2. Fifth Third Bank
Regional banks are often a great compromise between a large, corporate bank and a small, local bank. Fifth Third Bank is a regional bank with branches in Michigan, Ohio, Florida, Georgia, Illinois, Indiana, Kentucky, North Carolina, South Carolina, Tennessee, and West Virginia.
You’ll get access to cash while traveling in those areas, as well as expanded access through Fifth Third’s partner ATM network, which has more than 40,000 ATMs nationwide.
Fees:
No monthly service fee
$37 overdraft fee
Balance requirements:
No minimum deposit to open
No minimum balance requirements
ATMs:
Fee-free at 2,100+ Fifth Third Bank ATMs
Fee-free at 40,000+ partner ATMs nationwide
$3 for each out-of-network ATM transaction
Interest on balance:
.01% APY on savings accounts
Up to 4.75% APY on CDs
Additional perks:
Extra business day to resolve overdrafts
Early Pay gives you access to direct deposit two days early
3. Chime
Chime is an online bank with a full suite of banking services, including an online savings account that earns 2.00% APY. You’ll need direct deposit to qualify for Chime’s biggest benefits, including early access to your paycheck and SpotMe, a feature that covers you for up to $200 of overdrafts.
There are no monthly maintenance fees, and you can also withdraw money at more than 60,000 ATMs nationwide.
Fees:
No monthly fees
No overdraft fees
Balance requirements:
No minimum deposit to open
No minimum balance required
ATMs:
Fee-free at 60,000+ MoneyPass, Allpoint, and Visa Plus Alliance ATMs
$2.50 out-of-network ATM transaction fee
Interest on balance:
2.00% APY on savings
Additional perks:
SpotMe covers up to $200 in overdrafts
Access paycheck up to two days early
4. GO2bank
GO2bank is another online banking option with perks designed to compete with traditional banks. As long as you have at least one payroll or government benefits direct deposit monthly, the $5 monthly fee will be waived. You’ll have fee-free access to cash through Allpoint ATMs nationwide, as well as the ability to deposit cash at more than 90,000 retailers across the country.
Fees:
$5 monthly fee (waived with requirements)
$15 overdraft fee after 24 hours in negative balance
Balance requirements:
No minimum deposit to open
No minimum balance requirement
ATMs:
Fee-free at 53,000+ Allpoint ATMs nationwide
$3 for each out-of-network ATM withdrawal
Interest on balance:
4.50% APY on savings account
Additional perks:
5. Citizens Bank
Although it’s based in Providence, Rhode Island, Citizens Bank has branches in Michigan, as well as Connecticut, Delaware, Florida, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, and Washington, DC.
Checking accounts come with a $9.99 monthly fee, but you can avoid it with at least one deposit a month.
Fees:
$9.99 monthly service fee (waived with requirements)
$35 overdraft fee
Balance requirements:
No minimum deposit to open
No minimum balance required
ATMs:
Fee-free at 3,200+ Citizens ATMs
$3 for each out-of-network ATM transaction
Interest on balance:
.01% APY on savings accounts
Up to 2.75% APY on CDs
Up to 2.75% APY on money market account
Additional perks:
Citizens Paid Early gives you access to direct deposit two days early
Citizens Peace of Mind helps you avoid overdraft fees
6. Huntington National Bank
Another regional bank with branches in Michigan is Huntington National Bank. You’ll get fee-free ATM access at Huntington ATMs, which are located throughout Michigan, as well as in Ohio, Colorado, Florida, Illinois, Indiana, Kentucky, Minnesota, Pennsylvania, West Virginia, and Wisconsin.
Customers who have recurring direct deposits coming in will qualify for perks like Standby Cash, which issues a line of credit as you need it. You’ll pay no interest on that loan as long it’s repaid in three months. After three months, the rate is only 1%.
Fees:
No monthly fees
$15 overdraft fee (waived up to $50)
Balance requirements:
No minimum deposit to open
No minimum balance required
ATMs:
Fee-free at more than 1,700 ATMs
$3.50 for each out-of-network ATM transaction
Interest on balance:
Up to .06% APY on savings accounts
Up to 5.13% APY on CDs
Up to 4.18% APY on money market account
Additional perks:
Standby Cash issues a no-interest loan as you need it
Early Pay gives you access to direct deposit up to two days early
7. Consumers Credit Union
If you live, work, or attend post-secondary school in the lower peninsula area of Michigan, Consumers Credit Union has plenty to offer. There are 26 offices in the area, as well as fee-free ATM access through the nationwide Co-Op Network. Consumers Credit Union has competitive rates on CDs, as well as great home and auto loan options.
Fees:
No monthly maintenance fee
$35 overdraft fee
Balance requirements:
No minimum deposit to open
ATMs:
Fee-free at Consumers Credit Union ATMs
Fee-free at 30,000+ Co-Op ATMs nationwide
$3 out-of-network ATM fee
Interest on balance:
Up to .25% APY on savings account
Up to 4.50% on CDs
Up to .50% on money market account
Additional perks:
Competitive rates on home and auto loans
Purchase discounts when using Consumers Credit Union debit card
8. Ally Bank
Online banking can help save you money, as long as you don’t need a local branch. Ally Bank gives you everything you need to manage your money through its website and mobile banking app.
As with many online banks, you’ll get competitive interest rates on deposit and savings accounts, including 0.25% APY on your checking account balance. Ally offers cash access through more than 53,000 Allpoint ATMs nationwide, as well as up to $10 in out-of-network ATM fee reimbursements each statement period.
Fees:
No monthly fees
No overdraft fees
Balance requirements:
No minimum deposit to open
No minimum balance required
ATMs:
Fee-free at 53,000+ Allpoint ATMs nationwide
Up to $10 in out-of-network ATM fee reimbursements monthly
Interest on balance:
.25% APY on checking accounts
3.85% APY on savings accounts
Up to 4.80% APY on CDs
4.15% APY on money market account
Additional perks:
Robo Portfolios help you invest
Spending Buckets help you budget
9. Flagstar Bank
Although it’s headquartered in Hicksville, New York, Flagstar Bank has a regional headquarters in Troy, Michigan. One of the best things about Flagstar checking accounts is the 0.25% interest rates you’re offered on home and personal loans when your payment comes from your checking account.
Although Flagstar does have a high-yield savings account that offers 2.50% APY, there’s a $35 monthly service fee for balances under $50,000.
Fees:
No monthly maintenance fee
$36 overdraft fee
Balance requirements:
$50 minimum deposit to open
No minimum balance required
ATMs:
Fee-free at Flagstar ATMs
Fee-free at 56,000+ Presto! and Allpoint ATMs
$2.50 for each out-of-network ATM withdrawal
Interest on balance:
Up to 2.50% APY on savings account
4.25% on CDs
Additional perks:
Discounts on loans when payments made from your Flagstar checking account
Robust business checking account options
10. Old National Bank
Based in Chicago, Illinois, and Evansville, Indiana, Old National Bank has branches in Michigan, Indiana, Wisconsin, Minnesota, Kentucky, and Illinois. Currently, you can earn a $300 bonus for a new checking account when you receive at least two direct deposits totaling at least $3,000 and enroll in online or mobile banking.
Old National’s free checking account requires at least $500 in direct deposit activity monthly. You’ll also have to maintain a minimum balance of at least $750 or maintain a $1,500 combined balance in all your Old National accounts. If you’re active-duty military, you can qualify for a free checking account without meeting any requirements.
Fees:
$6.95 monthly service fee (waived with requirements)
$36 overdraft fee (waived up to $25)
Balance requirements:
$50 minimum deposit to open
No minimum balance required ($1,500 to waive monthly fees)
ATMs:
Fee-free at Old National ATMs
Fee-free at 53,000+ Allpoint ATMs nationwide
$3 out-of-network ATM fee
Interest on balance:
Up to 4.85% on CDs
Up to 5.00% on money market account
Additional perks:
$300 bonus for new checking account
View all accounts, including those with other banks, in one dashboard
11. Diversified Members Credit Union
Diversified Members Credit Union has expanded over the years and now serves 25,000 members, with branches in Novi, Clawson, and Detroit. You’ll also get online and mobile banking options, as well as access to branches and ATMs through the Co-Op network.
Although DMCU’s checking accounts come with a $10 fee, you can avoid those monthly maintenance fees by enrolling in e-statements and online banking, as well as having at least 15 debit card transactions post each statement period.
Fees:
$10 monthly fee (waived with requirements)
$30 overdraft fee
Balance requirements:
$25 minimum opening deposit
No minimum balance required
ATMs:
Fee-free at DMCU ATMs
Fee-free at 30,000 ATMs nationwide
$2 out-of-network ATM transaction fee
Interest on balance:
.05% APY on checking
Up to .35% APY on savings
Up to 1.15% APY on money markets
Additional perks:
Robust business checking account options
Competitive rates on auto and recreational vehicle loans
12. Comerica
Although it was founded in Detroit in 1849, Comerica is now headquartered in Dallas. But it still has branches in Michigan, as well as Arizona, California, Florida, and Texas.
Comerica’s basic checking package comes with a $13 monthly fee that can be waived by keeping a $1,000 balance or having at least one $250 electronic deposit each month. Full-time students up to age 26 and military members can also request to have the fee waived.
Fees:
$13 monthly fee (waived with requirements)
$34 overdraft fee
Balance requirements:
$50 minimum opening deposit
No minimum balance required ($1,000 to waive service fee)
ATMs:
Fee-free at Comerica ATMs
$2.50 out-of-network ATM transaction fee
Interest on balance:
.01% APY on savings
Up to 5.00% APY on CDs
Up to 4.25% APY on money market account
Additional perks:
Earn up to $500 for referrals
Discounts on home equity lines of credit
Choosing the Best Bank in Michigan
When you’re in the market for a new checking or savings account, it’s important to recognize what’s most important to you. It likely will differ from what someone else finds important. Here are some features to consider when you’re comparing national, regional, and local Michigan banks.
Mobile Banking Features
These days, almost every bank offers mobile banking as a core feature. The best banks let you manage almost everything through either the app or an online web portal. Look for features that will eliminate your reliance on local branches and ATMs, including mobile check deposit and the ability to easily transfer money from your checking account to your online savings account.
That doesn’t mean you can’t choose a bank with branches in Michigan, though. You may like the features that come with a traditional bank account, including the ability to visit a local branch for in-person customer service. If a bank offers easy access to branches and ATMs, mobile banking will still give you the convenience of being able to manage your account when you can’t get to a bank.
Minimum Deposits and Balances
When searching for the best banks, you’ll notice that some come with requirements. Banks and credit unions may charge monthly service fees to access your account, and it can be tempting to go with a bank that advertises free checking. In doing that, though, it’s important to pay attention to the requirements that go with that account.
If you’re on a budget, the best checking accounts have very few fees while also refraining from requiring a minimum daily balance. That means you don’t have to stress about keeping a certain amount in your account. When looking at a bank or credit union, also look for the requirements to open the account. Some banks require a minimum deposit to get started.
Interest Rates
Saving money on fees isn’t the only priority when looking for a bank account. Your balance should earn interest, and the higher the annual percentage yield, the better.
It’s not unusual for a savings account and CD to earn interest, but there are also high-yield checking account options. An interest checking account will probably be a better fit for you if you routinely hold a high balance in your checking account. You can also find high interest rates on savings and CDs with online banks that might offset any out-of-network ATM fees you occasionally pay to access cash.
Michigan Bank Promotions
Whether you’re searching for a community bank or holding out for a great deal with a national bank, always look into any bank promotions currently going on. Typically, bank promos require that you maintain the account for at least a couple of months, as well as complete a fixed number of activities, such as electronic deposits or maintaining a minimum balance.
In some cases, promotions will be for specific product types, such as a business checking account. If you’re in the market for a new business bank account, you may get a better deal by going with a different bank than you use for your personal checking account.
ATM Access
Online banks, local banks, and credit unions will often increase their interest rates on savings and CDs to compete with bigger financial institutions, but there’s a downside. You might not get the cash access you’d find with a national bank. You may find a full selection of ATMs near your house, but when you travel, you’ll have to pay an out-of-network ATM fee to get cash from your bank accounts.
In recent years, though, online banking and credit unions have made this easier. Your credit union may be a part of a national co-op network that expands access to both branches and ATMs nationwide.
Online banks will partner with national ATM networks like AllPoint and MoneyPass to offer account holders cash. If you ever need to deposit cash, your online bank might let you take your debit card to one of many partner locations to add the funds to your app, although this usually comes with a fee.
In some cases, a small or online bank will offer ATM fee reimbursements. These may be limited to a small dollar amount per statement period. This could include a few banks who don’t offer fee-free ATM withdrawals among your options.
Our Methodology
Finding the right bank can be tough, so we took personal preferences into account. Here are some of the features we used to determine the best banks and credit unions in Michigan:
Variety of financial products: Checking and savings are typically the first features you look for in a bank, but there are other things to consider. We focused on banks that offer other accounts, such as money markets and certificates of deposits.
Local vs. online: Preferences can vary, so we chose a variety of account types, including small banks, credit unions, corporate banks with branches in Michigan, and online-only banks.
Interest rates: We noted the interest rates offered by each bank. If you’re hoping to save money, it’s important to get the best rates possible. We tried to include banks that offer an APY that’s above the national average.
Bank requirements: There are often minimums associated with an account, especially if you won’t pay monthly fees. We took a look at those requirements and disclosed them to make it easier for you to quickly identify what you’ll need. Those include the amount you’ll need to deposit to open the account and the minimum balance you’ll need to retain each day.
Other fees: You won’t just face service fees with a new account. If your checking goes into the negative, you’ll likely have to pay an overdraft fee. Some banks have a minimal out-of-network ATM transaction fee that’s in addition to any fees charged by the third-party bank. Check a bank’s fee schedule before signing on to make sure you know exactly what fees you’ll face.
Finding a new bank can be challenging. The good news is, once you’ve found the right fit, you probably won’t have to switch for a while. It’s important to take your time and compare as many banks as possible to make sure you’re getting the best deal.
Massachusetts is a beautiful state, filled with culture and history. It’s also a populous state that’s home to a wide range of businesses, including many in the biotechnology and engineering fields.
If you live in Massachusetts, you’ll need to find a bank that fits your lifestyle and savings needs. Fortunately, Massachusetts has no shortage of local banks, regional banks, national banks, and credit unions. The many options can make it hard to narrow down the best banks in Massachusetts for you. Below are some of the best banks in Massachusetts.
10 Best Banks in Massachusetts
From small local banks to national banks with locations in Massachusetts, here are some of the best banks in Massachusetts to help you find the right fit.
1. Citizens Bank
Citizens Bank is a regional bank with branches in Massachusetts, as well as Connecticut, Delaware, Florida, Maryland, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, and Washington, DC. Fee-free ATM access is only available at Citizens Bank ATMs, but out-of-network fees are only $2 per transaction.
Fees:
$9.99 monthly service fees (waived with one deposit per month)
$35 overdraft fee
Balance requirements:
No minimum deposit to open
No minimum daily balance required
ATMs:
Fee-free at more than 3,200 locations in 11 states
$3 fee for each out-of-network ATM transaction
Interest on balance:
Up to 0.07% APY on savings accounts
Up to 2.75% APY on CDs
Up to 2.75% APY on money market accounts
Additional perks:
Credit cards offer $150 bonus and cash back
Discounts on mortgages and home equity loans
2. Rockland Trust Bank
Rockland Trust Bank is a local bank headquartered in Rockland. Branches and ATMs are located throughout Massachusetts. If you’re looking for a local bank, Rockland Trust Company is one of the best banks in Massachusetts. They not only offer great customer service, but they also have fee-free checking accounts and all the latest mobile banking features.
Fees:
No monthly fees
$35 overdraft fee
Balance requirements:
$25 deposit to open
No minimum daily balance required
ATMs:
Fee-free at Rockland Trust Bank ATMs
$2 fee for each out-of-network ATM transaction
Interest on balance:
Up to 0.01% APY on savings accounts
Up to 0.05% APY on CDs
Up to 0.10% APY on money market accounts
Additional perks:
Smart ATMs offer enhanced features
YourBanker provides customer support within the app
3. Chime
While there are no branches in Massachusetts, Chime could give you everything you need. Chime is one of several online banks offering Massachusetts residents free checking accounts, a high-yield savings account, and fee-free access to cash at more than 60,000 ATMs1 nationwide.
Fees:
No monthly service fees
No overdraft fees5
Balance requirements:
No minimum deposit to open
No minimum balance required
ATMs:
Fee-free at 60,000+ ATMs nationwide
$2.50 out-of-network ATM fee
Interest on balance:
2.00% APY3 on savings accounts
Additional perks:
Early direct deposit access2
SpotMe provides $200 overdraft protection
4. Salem Five Bank
Another local bank that’s one of the best banks in Massachusetts is Salem Five, a Salem-based bank with a heavy concentration in the Boston area. Salem Five only has one checking account, a fee-free option that offers $.05 cash back on debit card purchases. You’ll get nationwide cash access while traveling, thanks to a partnership with the AllPoint network.
Fees:
No monthly service fees
$35 overdraft fee
Balance requirements:
$10 minimum deposit to open
No minimum balance requirements
ATMs:
Fee-free at Salem Five ATMs
Fee-free at 55,000+ AllPoint ATMs nationwide
$2 out-of-network ATM transaction fee
Interest on balance:
Up to 0.01% APY on savings accounts
Up to 4.41% APY on CDs
Additional perks:
$0.05 cash back on debit card purchases
Solid small business banking options
5. Greylock Federal Credit Union
If you’d prefer a community bank, check to see if you qualify for membership at Greylock Federal. You’ll get a free checking account and competitive interest rates on personal banking options like loans. Greylock has 14 locations in Berkshire County, Massachusetts, and Hudson, New York, as well as a co-op partnership that offers ATM access nationwide.
Fees:
No monthly fees
$15 overdraft fee
Balance requirements:
$15 minimum deposit to open
No minimum balance requirements
ATMs:
Fee-free at Greylock Federal Credit Union ATMs
Fee-free at co-op ATMs nationwide
$3.25 out-of-network ATM transaction fee
Interest on balance:
Up to 0.20% APY on savings accounts
Up to 3.05% APY on Share CDs
Additional perks:
Competitive rates on auto loans
Video teller services available
6. GO2bank
Another option for those who don’t mind doing all their banking online is GO2bank. GO2bank is one of the best banks for those who use a lot of cash. You’ll get fee-free access to AllPoint ATMs nationwide, as well as cash deposits at 90,000+ retailers. There’s also a free checking account, as well as a savings account that earns 4.50% APY.
Fees:
No monthly maintenance fees
$15 overdraft fee
Balance requirements:
No minimum daily balance
No minimum deposit to open
ATMs:
Fee-free at AllPoint ATMs nationwide
$3 for each out-of-network ATM transaction
Interest on balance:
4.50% APY on savings
Additional perks:
Deposit cash at 90,000 retailers nationwide
7% instant cash back on gift card purchases
7. Eastern Bank
Eastern Bank is one of the best banks in Massachusetts if you’re looking for a bank with a deep history in the area. Based in Boston, Eastern Bank has been around since 1818 and has evolved over the years.
If you’re in the market for a new checking account, you can currently earn a bonus of up to $600 for opening a new account. The bonuses are balanced based, so a balance of less than $4,000 will earn you only $200.
Fees:
No monthly maintenance fees
$35 overdraft fee
Balance requirements:
$25 minimum deposit to open
No minimum daily balance
ATMs:
Fee-free at Eastern Bank ATMs
Fee-free at thousands of SUM Program ATMs nationwide
$2 out-of-network ATM fee
Interest on balance:
0.01% APY on savings accounts
Up to 4.50% on CDs
Up to 3.50% APY on money market accounts
Additional perks:
Up to $600 bonus for new accounts
Up to $50 in overdraft protection
8. Middlesex Savings Bank
Middlesex Savings Bank is the largest mutual bank in Massachusetts. Branches and ATMs are largely centered in the Boston area, but checking account holders get fee-free ATM use at AllPoint ATMs nationwide. If you have direct deposit or are under the age of 26, you’ll also qualify for up to five ATM fee reimbursements per statement cycle.
Fees:
No monthly maintenance fees
$35 overdraft fee
Balance requirements:
$1 minimum deposit to open
No minimum daily balance
ATMs:
Fee-free at Middlesex savings bank ATMs
Fee-free at AllPoint ATMs nationwide
Up to five out-of-network ATM fee reimbursements per year
$2 out-of-network ATM fee
Interest on balance:
Up to 1.45% APY on savings
Up to 1.55% on CDs
Up to 4.50% APY on money market accounts
Additional perks:
Competitive rates on mortgages and personal loans
Earn $50 for each new qualifying referral
9. Mass Bay Credit Union
With branches in South Boston, Everett, Quincy, and the Seaport District, Mass Bay is like many credit unions in that it offers competitive rates on deposit accounts and loans. You’ll have live access to customer service at Mass Bay branches in Massachusetts, as well as through three Interactive Teller Machines in the area. You’ll need to live or work in Boston or the surrounding areas to qualify for an account.
Fees:
No monthly maintenance fees
$25 overdraft fee
Balance requirements:
No minimum daily balance
$5 minimum opening deposit
ATMs:
Fee-free at Mass Bay CU ATMs
Fee-free at AllPoint ATMs nationwide
Six free out-of-network withdrawals per month ($1 per transaction after that)
Interest on balance:
Up to 0.10% APY on savings (share accounts)
Up to 3.35% on CDs
Up to 0.80% APY on money markets
Additional perks:
Free financial counseling for members
Free interest-bearing checking account for balances of $400 or more
10. Bank of America
Although it’s not a community bank, there are benefits to national banks like Bank of America, including access to branches and ATMs nationwide. One downside to Bank of America is that each checking account comes with monthly maintenance fees. But you can waive those by having direct deposit, maintaining a $1,500 daily balance, or enrolling in the Bank of America Preferred Rewards program.
In addition to physical locations and ATMs, Bank of America also has a robust selection of mobile banking features that keep banking convenient.
Fees:
$12 monthly fee (waived with requirements)
$10 overdraft fee
Balance requirements:
No minimum daily balance ($1,500 to waive maintenance fees)
$100 minimum opening deposit
ATMs:
Fee-free at 16,000 Bank of America ATMs nationwide
$5 for each out-of-network ATM transaction
Interest on balance:
Up to 0.04% APY on savings
Up to 4.50% on CDs
Additional perks:
$200 bonus for new credit card signups
Mobile banking offers enhanced security features
What kind of account is right for you?
Financial institutions come in a variety of forms, and the one that’s best for you depends on your needs. Do you need wealth management services, or is avoiding ATM fees while traveling a bigger priority? It’s important to first make sure a bank is insured by the Federal Deposit Insurance Corporation, but from there, it’s all about looking for the best bank to help with your financial life.
Advantages and Disadvantages of Local Banks
They might not have all the amenities of the biggest banks, but local banks do have their advantages. You’ll often get many of the basic features of an online bank through the mobile banking app, including easily transferring money and depositing checks. The best local bank is involved in the community and offers small business banking and loan options that are above and beyond what national banks offer.
But even the best local bank can fall short in some areas. Not all local banks are insured by the Federal Deposit Insurance Corporation, so it’s important to check for that. Local banks may also offer limited banking services and less competitive rates on savings and retirement accounts than other banks.
Advantages and Disadvantages of Online Banks
Online banks are an option, regardless of where you live. Today’s online accounts typically offer all the amenities you need, including the ability to transfer money and deposit checks.
If you regularly deal with cash, though, an online bank might not be as good a deal as you’d get with other types of bank accounts. Some online banks have ATM network partnerships that let you withdraw and deposit cash nationwide.
For those who don’t usually need cash, though, it might be worth looking into what the bank charges for out-of-network ATM fees. Keep in mind that the other bank will assess a fee in addition to the one your bank charges.
Advantages and Disadvantages of National Banks
No matter where you live in Massachusetts, national banks probably have branches nearby. Bank of America, for instance, has branches throughout Massachusetts. The best thing about national banks is that you can always find a branch and ATM, even if you leave home.
But there’s another benefit to going big. With a corporate bank, you often have a broader range of features. There may be multiple deposit accounts, including a free checking account, an interest-bearing account, and savings account options that will help with retirement planning. Many large banks also offer investment accounts and advisors to help you manage your money.
There is a disadvantage to going national, though. Unlike other banks in your area, you might find it tough to get customer service when you need help with your checking account, savings account, or wealth management. Yes, you can visit a local branch, but if the representatives are busy, you might have a long wait.
Advantages and Disadvantages of Regional Banks
Regional banks can combine the best of both extremes. For one, you’ll probably find branches and ATMs when you leave the state to go to nearby areas like Rhode Island or New York. A regional bank may also offer unlimited ATM reimbursements or have partnerships with networks that give you fee-free cash access nationwide.
Being in between can work against a regional bank, though. You might find that interest rates aren’t as competitive as online accounts that are trying to win business. A regional bank may only offer one checking account, compared to the multiple options you get with corporate banks. But you may also not get the same personalized service as you’d get with going local.
Frequently Asked Questions
How can someone determine whether a bank is the right fit for them?
What’s right for someone else might not be the best option for you. While shopping for banks, keep in mind the features you’ll use most often, as well as how important it is to bank locally. If you need that in-person contact that you can only get at a local bank, an online bank likely won’t work for you. If competitive rates and an easy-to-use mobile app are more valuable, you can kick off your search with that in mind.
What should someone look for in an online bank?
Online banks give you everything you need to manage your account through an app. You’ll likely also be able to access your online bank through the website. If you need to deposit a check, transfer money, or pay bills, you can do it. But where online banks fall short is when it comes to cash. Make sure you can deposit and withdraw cash when you need it without having to pay dozens of dollars in fees every year.
Which account is best for you?
It’s never been easier to manage your finances. Mobile banking lets you do everything electronically. But the right account is one that helps you set money aside and earn interest on it while also keeping fees to a minimum. You’ll also want a bank that gives you the type of customer support you prefer. Whether that’s 24/7 support by phone or through in-app chat or it’s face-to-face in a bank branch, you can find a bank that offers it.
Massachusetts has banks to fit every preference. You’ll just need to shop around to find the right bank for you. If you already have a bank, make sure you check out the competition occasionally. You may find switching accounts can save you money while also boosting the interest rates you’re earning on your balance.
Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A.; Members FDIC. Credit Builder card issued by Stride Bank, N.A.
1. Out-of-network ATM withdrawal fees may apply with Chime except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.
2. Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. Chime generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
3. The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is accurate as of November, 17th, 2022. No minimum balance required. Must have $0.01 in savings to earn interest.
5. Chime SpotMe is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the Chime Checking Account each month. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases and cash withdrawals initially, but may be later eligible for a higher limit of up to $200 or more based on member’s Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime’s discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. SpotMe won’t cover non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. See Terms and Conditions.
If you love the finer things in life, dahling, naturally you want the poshest apartment you can find to match your luxurious lifestyle. Granite countertops, a doorman, tons of closet space, gorgeous views – these are all things you want in your life, and you won’t settle for anything less in your home.
If this sounds like you, then you definitely belong in one of these top 10 metros with the most luxury apartments on ApartmentGuide.com. Read on to find out where you can live in the lap of luxury.
Metro Area
Number of Luxury Communities
Number of Visits on AG
Los Angeles / Long Beach / Anaheim, CA
92
1807
Dallas / Fort Worth / Arlington, TX
90
1766
Washington, DC / Arlington, VA / Alexandria, VA
85
703
Philadelphia, PA / Camden, NJ / Wilmington, DE
83
604
New York, NY / Newark, NJ / Jersey City, NJ
75
132
Atlanta / Sandy Springs / Marietta, GA
70
661
Chicago / Naperville / Joliet, IL
66
1249
Houston / Sugar Land / Baytown, TX
62
90
Detroit / Warren / Livonia, MI
56
8
Baltimore / Towson, MD
52
727
Untapped Luxury
Along with identifying the metros with the most luxury apartments listed on the site, Apartment Guide also determined the number of web visits the luxury community listings in those metros received between April 14 and July 14, 2014.
Surprisingly, over this three-month period, the 56 luxury communities in the Detroit metro area only received eight visits on Apartment Guide. Renters in the Houston metro area also are passing up the luxury options – luxury communities that area only received 90 visits on the site in the time period studied. Think of all those fabulous amenities that are going unused!
On the other hand, renters in the Northeast really have their pick of luxury places — the Washington, DC, Baltimore, Philadelphia and New York metro areas all made the list for having the most number of luxury apartments. But East Coasters are far surpassed by the Los Angeles and Dallas / Fort Worth metro areas for the number of renters interested in these homes. Carry on, you fabulous people.
Read more on the Apartment Guide Blog:
Methodology
Apartment Guide identified which CBSAs (core-based statistical areas, also known as a metro area) have the most apartment communities that have classified themselves as luxury communities on the site. Visits to these communities reflect the total number of website visits received by these luxury communities between April 14 and July 14, 2014.