When you make some money, and you want to save it, then you can deposit it in your bank account. Today, every person has his personal bank account as people cannot afford to keep money in their pockets all day long. There is always some threat to that money in this chaos era. A number of banks is increasing day by day because of its need in the surroundings. Your banking choice basically depends on your needs. The best bank will maximize your money in a safer and friendly environment.

Most of the experts prioritize value while choosing the best bank. Value is basically the highest rate of return combined with the account minimums and lowest fees. If you are running a business, then you must be looking for a bank that can secure the lucrative interest rates. Here, you will come to know about the best place to grow and store your money. Let’s take a look at the best banks for securing lucrative interest rates.

1.  Big Banks

Big banks provide the convenience of in-person accessibility and consolidation with a vast network of ATMs, accessibility to brick-and-mortar locations, and a comprehensive suite of financial products. These banks offer everything from the basic bank’s accounts to investment and loan services. It is preferable for consumers who want to keep their financial business in one place.

2.  Online Banks

In today’s technological era, every person owns a smart gadget, and they use this smart gadget for resolving various financial issues. Online banks are blessings of technology that provide the best value. Along with the best value, online banks are also offering an excellent customer experience. You do not need to submit any monthly maintenance fees on checking, and it also does not require a minimum balance for making an account. These online banks are available 24/7 and they are also phone compatible.

3.  Ally Online Bank

Ally Bank is one of the online that provides an ultimate online banking experience. It is the best option for people who find it frustrating to indulge in lots of paperwork to ATMs. With the Ally Bank, you are free from fees or access to higher interest rates. It is an ideal combination of convenience and value.

It’s checking system also lies among the best systems as it does not demand any overdraft transfer service fees or monthly maintenance fees. A customer can enjoy the free incoming wires and free checks along with a starting APY of only 0.10 percent.

The Money Market Account of Ally Bank ranks among the best accounts because it provides the highest interest rates, transparency, and perks. The top-notch money market account is not accompanied by any maintenance fees or minimum deposit. So, it is a good option for securing lucrative interest rates.

4.  Capital one

Most of the business owners manage their money through mobile, which highlights the increasing popularity of smart gadgets. So people are looking for a bank which supports the phone system. Capital One ranked highest among the consumers with four stars on Google Play and iTunes. This user-friendly bank dominates the marketplace of mobile banking.