Best Bank Accounts for 2023 [Updated]

For our annual Best Banks ranking, the experts at My Millennial Guide analyzed over thousands of data points across more than 120 banks.

Disclaimer: This post may contain affiliate links. Please read our disclosure for more information.

Looking for a new bank account? Perhaps one with a lucrative bank account bonus?

best bank accounts

For our annual Best Banks ranking, the experts at My Millennial Guide analyzed over thousands of data points across more than 120 banks.

We did the research so that your hard work can pay off with the best rates at the best banks.

Best Online and High Yield Savings Accounts of 2023

Choose a high-interest savings account from our list of top banks to start saving today.

Best for large balances
No monthly fees
Offers welcome bonus
Ease of use
No balance req.
APY: 4.70%
APY: 4.35%
APY: 4.50%
APY: 4.50%
APY: 4.30%
Minimum to Earn APY: $5,000
Minimum to Earn APY: $100
Minimum to Earn APY: $1
Minimum to Earn APY: $100
Minimum to Earn APY: $0
Bonus: N/A
Bonus: N/A
Bonus: $325
Bonus: N/A
Bonus: N/A
Best for large balances
APY: 4.70%
Minimum to Earn APY: $5,000
Bonus: N/A
No monthly fees
APY: 4.35%
Minimum to Earn APY: $100
Bonus: N/A
Offers welcome bonus
APY: 4.50%
Minimum to Earn APY: $1
Bonus: $325
Ease of use
APY: 4.50%
Minimum to Earn APY: $100
Bonus: N/A
No balance req.
APY: 4.30%
Minimum to Earn APY: $0
Bonus: N/A

Best Online Checking Accounts of 2023

For convenience and flexible money management, you can’t beat a checking account. Our best checking accounts list includes many top banks with no-fee and online banking options.

Best for liability protection
Best for APY
Best for mobile banking
Best for building credit
MMG Rating:
5.0
MMG Rating:
4.5
MMG Rating:
3.9
MMG Rating:
4.5
Monthly fee: $12
Monthly fee: $0
Monthly fee: $0
Monthly fee: $0
Pros:
  • Bonus: $300
  • APY: N/A
Pros:
  • Bonus: $250
  • APY: 4.60%
Pros:
  • Bonus: N/A
  • APY: 0.10%
Pros:
  • Bonus: N/A
  • APY: N/A
Best for liability protection
MMG Rating:
5.0
Monthly fee: $12
Pros:
  • Bonus: $300
  • APY: N/A
Best for APY
MMG Rating:
4.5
Monthly fee: $0
Pros:
  • Bonus: $250
  • APY: 4.60%
Best for mobile banking
MMG Rating:
3.9
Monthly fee: $0
Pros:
  • Bonus: N/A
  • APY: 0.10%
Best for building credit
MMG Rating:
4.5
Monthly fee: $0
Pros:
  • Bonus: N/A
  • APY: N/A

Best Money Market Accounts

Money market accounts boost your savings interest and can even offer you exclusive perks. Take a look at our list to see how you can use the best money market accounts to your advantage.

  • Axos Bank High Yield Money Market
Quontic Money Market Account
CIT Money Market Account
Axos Bank High Yield Money Market

Want an Online Broker For Stock Trading?

Finding the right brokerage account for your financial goals can be challenging. Make that smart money move to boost your financial power and start investing today.

Micro-investing app
Commission-free
Diversification
MMG Rating:
4.5
MMG Rating:
4.5
MMG Rating:
5.0
Fees: $3-$9 monthly
Fees: Free
Fees: 0.15% advisory fee

Acorns is best suited for individuals looking to start investing with minimal effort and those who want to save and invest their spare change.

Robinhood is best suited for various types of investors, especially those who are new to investing or prefer a user-friendly platform that is commission-free.

Fundrise is a very easy-to-use app that allows individuals to access crowd-funded real estate investing without spending a fortune. This option is best for users who want to make money consistently and let their money make them money.

Micro-investing app
MMG Rating:
4.5
Fees: $3-$9 monthly

Acorns is best suited for individuals looking to start investing with minimal effort and those who want to save and invest their spare change.

Commission-free
MMG Rating:
4.5
Fees: Free

Robinhood is best suited for various types of investors, especially those who are new to investing or prefer a user-friendly platform that is commission-free.

Diversification
MMG Rating:
5.0
Fees: 0.15% advisory fee

Fundrise is a very easy-to-use app that allows individuals to access crowd-funded real estate investing without spending a fortune. This option is best for users who want to make money consistently and let their money make them money.

About the author

Brian Meiggs
Hi, I’m Brian Meiggs! I’m a personal finance expert and founder of My Millennial Guide, here to help you build real wealth. With a background in finance, I’ve spent years guiding people on smart, practical ways to grow their money. For stock market beginners, I recommend Acorns. It’s a simple way to start investing with just your spare change, helping you steadily grow your portfolio over time without the need to actively manage it. And if you’re interested in real estate, check out Arrived and Fundrise. I use both myself—they make it easy to start investing in property without needing huge upfront capital. These platforms are perfect for anyone looking to add real estate to their investments for passive, long-term growth. I believe these tools are great for building a balanced investment portfolio, combining stocks and real estate for a solid approach to wealth-building. You can trust this advice—my work has been featured in major publications like Business Insider, Entrepreneur, The Wall Street Journal, Yahoo Finance, NASDAQ, Discover, Fox News, and MSN Money.

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