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Best Banks In Florida You Should Know About

Florida is a modern state with plenty of banking options. It has more than 200 local and national banks operating round the clock to provide financial services to all age groups and sections of the society. Here is a review of the best banks in Florida to help you choose one for your financial requirements.

BBVA Compass
BBVA Compass is Florida’s top choice for a free checking account. This bank does not attach any activity requirements to the checking account, making it very easy to get and maintain one.

Best Banks In Florida You Should Know About

The Compass ClearChoice account does not need its customers to keep a minimum balance in the account, and there is also no monthly fee in the form of maintenance charges.

TD Bank
TD Bank is well known in Florida for its amazing customer service. The bank provides flawless mobile, online, and ATM services that have made its customers very happy and loyal over time. This bank manages to lure individuals from all strata of society by providing simplistic options like a checking account that costs nothing if you maintain $100 in the account at all times. TD Bank is also a favorite among students because of its widespread presence in the east coast and college campuses like UCF and the University of Florida.

Bank United
Bank United provides the highest interest on a checking account in the state of Florida. The Vertical Rewards Checking Account provides as much as 1% APY every month if you can follow the rules and meet all the activity requirements. If you are someone who gets a constant flow of direct deposits, this bank is a good idea to earn some money on your savings. The initial bank account opening amount is around $2,500, and the account balance needs to be maintained so as to avoid monthly fees. TD bank also runs an incentive program wherein the bank pays around $150 to customers applying for a Convenience Checking Account and around $300 for a TD Premier Checking Account. It also provides attractive bonuses on direct deposits.

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Florida Community Bank
If you are starting to build up your savings, Florida Community Bank is the top bank with a savings account rate of 0.20%. This is a small and state-oriented bank that is open to negotiating introductory rates with prospective customers. You will never get this kind of flexibility with bigger and nationalized banks.

PNC Bank
This is the best bank in Florida for individuals who can maintain a high balance in their savings accounts. This bank offers an APY ranging from 0.05% to 0.80% on savings accounts based on the type of account and the account balance. PNC bank has branches in all major cities in Florida, and its patrons enjoy great connectivity through a widespread network of ATMs.

Florida is a progressive state and so are its banks. You can find all the bank facilities you can think of in the banks in Florida at extremely competitive prices. Talk to a financial expert to understand and choose the best bank for you in Florida.

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