Best Financial Institutions in Maryland in 2018
Discover Maryland's top banks of 2018, featuring institutions like M&T Bank, PNC Bank, BB&T, and Bank of America. Learn about their key benefits, such as free checking accounts, high APYs, extensive branch networks, and convenient online services, to choose the best fit for your financial needs. Stay informed on the latest banking trends and tips for optimal money management.
Maryland residents are fortunate to have access to over 80 local and nationwide banks, offering a wide range of banking options. Choosing where to deposit your funds can be challenging with so many choices. Below is a list of the top banks in Maryland, each excelling in different areas—some provide high interest rates on savings, others offer extensive branch networks, and many feature advanced online banking tools. Continue reading to find the bank that best suits your financial needs.
M&T Bank
This bank is popular among Marylanders for its free checking account.
The bank provides comprehensive services, making it ideal for individuals seeking convenience under one roof. M&T’s checking account has no monthly fee and no minimum balance requirement. It features modern banking amenities like online and mobile banking, phone support, and FDIC insurance.
PNC Bank
This nationally recognized bank offers Marylanders attractive savings account deals and benefits, making it favored by those who prefer traditional banking methods.
This bank operates over 200 branches throughout Maryland, ensuring accessibility. Its checking accounts come with online banking, unlimited checks, and a debit card with cash-back features.
Additional Resources: How to Avoid Unnecessary Bank Fees
BB&T
This institution is especially popular among students due to its student-friendly checking account. It requires a low initial deposit, has no minimum balance, and charges no monthly fees. The account can be customized for online and mobile banking, making it ideal for young users. With the third-largest branch network in Maryland, BB&T ensures students have easy access to banking services without traveling far.
Bank of America
Known for offering some of the highest APYs on savings accounts in Maryland, Bank of America has over 150 branches across the state, making it accessible for most customers. Their savings accounts come with low maintenance fees and are linked to the Bank of America Interest Checking account. Fees can be waived by maintaining a minimum balance, especially for preferred clients.
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