It can be difficult to find the right bank when there are so many to choose from. Start with the features that are most important to you.
Each bank offers unique perks like rewards checking accounts, higher APY on your savings account or mobile banking. Benzinga’s narrowed our list to only the best banks in North Dakota and reviewed the features each bank offers.
Best Banks in North Dakota Near You:
- Best Savings Accounts: CIT Bank
- Best for Local Branches: Gate City Bank
- Best for Small Businesses: BBVA
- Best Online Banking: U.S. Bank
- Best for Checking Rewards: Axos Bank
- Business and Personal Checking
Best Savings Accounts: CIT Bank
Depositing your money into a savings account is 1 of the surest ways to safeguard your money and earn a bit of interest. Most savings accounts are FDIC-insured, which means your money is protected by the federal government up to $250,000.
CIT Bank offers a variety of savings options including traditional savings accounts, money market accounts and certificates of deposit (CDs). You can also open a checking account and secure a home loan. CIT Bank is a digital bank, so you can manage your accounts entirely online and through mobile banking.
Best for Local Branches: Gate City Bank
Gate City Bank has some of the most accessible branches in the state. There are over 35 ATMs and branch locations throughout North Dakota and several other locations in central Minnesota.
Gate City Bank offers personal banking, business banking, investment services and insurance products. When you bank with Gate City, you’ll have access to checking accounts, savings accounts, CDs, IRAs, personal loans, credit cards, debit cards, home loans and more.
Gate City is also ranked as 1 of the top locally-approved mortgage lenders in North Dakota.
Best for Small Businesses: BBVA
Are you a small business owner looking for a bank to accommodate both your personal and business banking? How about a great mobile app? Take a look at BBVA to meet all your banking needs.
BBVA has been recognized for its award-winning mobile app. It’s also listed as a leading small business lender by the Small Business Administration (SBA). BBVA ranked 6th nationally for the total number of SBA loans in 2017. BBVA offers business checking accounts, savings accounts, credit cards, loans, merchant services, payroll services and more.
As a personal banking client, you can access BBVA checking accounts, credit cards, loans and even investing services. BBVA also operates its own wealth management division that will manage your investment portfolio and help you with financial planning.
Best Online Banking: U.S. Bank
U.S. Bank is a national bank with a large presence in North Dakota. There are multiple branch locations throughout the state, as well as online and mobile banking.
Personal banking customers have access to U.S. Bank’s online checking accounts, savings accounts, mortgages, credit cards and refinancing options, as well as wealth management and retirement planning. You can manage your investments, receive investment guidance and work with a professional to pinpoint your financial goals.
You can also invest and manage your portfolio online. Mobile banking tools allow you to send money, deposit checks, review statements and even pay your bills online.
- No Maintenance Fees
Best for Checking Rewards: Axos Bank
Axos Bank has been operating as a digital bank since 2000. It offers online checking accounts, savings accounts, CDs, mortgages, auto loans, investing services and more.
Most banks only offer interest on savings accounts. Axos Banks’s checking accounts are known for rewards that include no-fees, cash-back, ATM reimbursements and even interest. There are 5 different checking accounts to choose from and all can be managed online or through mobile banking.
It’s also possible to start investing in a managed portfolio with Axos Invest. Axos Invest works like an online financial advisor. It can help you with goal-based financial planning, personalized investments and automatic portfolio rebalancing. All these features come at no additional charge with no minimums.
Frequently Asked Questions
Q: Are CDs and money market accounts FDIC-insured?
A: Yes. Both CDs and money market accounts are FDIC-insured up to $250,000.
Q: How can I waive monthly fees on my checking account?
A: You might be able to waive the monthly maintenance fees on your checking account if you maintain the minimum balance your bank requires you or set up direct deposits. Get in touch with a representative from your bank for all the information.
Banking in North Dakota
Start with our list of recommended banks to find the right match to meet your financial needs. Get in touch with different banks to ask specific questions and find the perks and rewards that are right for you.
Methodology
To determine the best banks in North Dakota, Benzinga analyzed over 100 banks and financial institutions. We gave weight to banks in North Dakota with co-op ATMs and cash-back options. We also gave greater rankings to banks which offered the following: checking and savings accounts, online banking, personal loans, mortgages, educational resources, and a mobile app.
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