The best banks in Louisiana are not solely the biggest, as much as that may contribute. The best banks in Louisiana are those that observe what the people want and give it to them.
This article discusses Louisiana, the best banks in Louisiana, their rates, account types, and minimum deposit amount.
Table of contents
Introduction
To get the best of both worlds, having accounts registered with more than a single bank is standard practice. This is to insure themselves against unforeseen circumstances.
A survey found that at least 50% of Americans had accounts at multiple banks, and the rest had only one history at a bank.
The survey revealed that among those with accounts at more than one bank, most only kept two active accounts.
The reason for including the figures of this survey in this article is to show that sometimes, the best banks are not only determined by financial metrics but by the benefits and relationships that these banks have with their customers.
What is a bank without its customers?
Louisiana
Life does indeed go on. Louisiana, the pelican state, is a state in the United States of America. Louisiana is bounded by north, east, west, and south by Arkansas, Mississippi, Texas, and the Gulf of Mexico, respectively.
The capital, Baton rouge, is witness to many events that have shaped the state’s financial, cultural, and social history.
The state marked the development of the civil war, the civil rights movements, and the involvement of African-Americans in the social fabric. This has, in turn, advanced the state towards a more egalitarian society.
Savings culture in Louisiana
People of all works of life are expected to have a culture of savings, much fewer people who have encountered disasters that ordinarily wipe away entire nations.
It seems the encounter of Louisianians with disasters has hardened their resolve to get the best they can out of any situation.
Essayist William Hazlitt says of those faced with difficulties, “Prosperity is a great teacher; adversity is greater. Possession pampers the mind; privation trains and strengthens it.”
Despite being battered and almost destroyed by the hurricanes Katrina and Rita, the people have always managed to regain their steps.
The two worst natural disasters in the USA’s history left the state with damaged infrastructure but not the willingness to rebuild and reinvest in themselves, their state, and their businesses.
This is also true of the choice of Louisianians’ best banks. The best banks are those that offer people ease and leverage that are preferable.
That threatened culture that was almost wiped out is still trying to achieve its potential.
Best banks in Louisiana
#1 – Ally Bank
Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan.
The company provides financial services, including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets.
The bank prides itself on its ability to deliver its services. Ally Bank is involved in banking, home loans, and auto finance. They offer online savings accounts as well.
#2 – Chase Bank
Chase Bank, often as Chase, is a national bank headquartered in Manhattan, New York City, that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase.
The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000.
The bank offers online banking, credit cards, chase checking accounts, mortgages, and savings accounts.
#3 – Whitney Bank
Hancock Whitney Corp. is a bank holding company headquartered in Gulfport, Mississippi. It operates 237 Mississippi, Alabama, Florida, Louisiana, and Texas branches. Whitney bank offers various services to its clients.
#4 – CIT Bank
CIT Bank is a financial and bank holding company incorporated in Delaware and headquartered in New York City.
CIT Bank, CIT’s banking subsidiary, is headquartered in Pasadena, California.
The CIT’s website states they are “a leading national bank with a proud history and a vision for the future.
We focus on empowering businesses and personal savers with the financial agility to navigate their goals.”
#5 – Capital One
Capital One Financial Corporation is an American bank holding company specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia, with operations primarily in the United States.
It is on the list of largest banks in the United States and has developed a reputation for being a technology-focused bank.
Capital one prides itself on its slogan, which states it is more than just a bank.
#6 – IBERIA Bank
IberiaBank Corporation, stylized as IBERIABANK, is an American financial holding company headquartered in Lafayette, Louisiana, and is the largest bank based in the state.
It is the fourth largest bank by a deposit in Louisiana. Iberiabank offers a range of personalized private and business options to its clients.
#7 – Regions Bank
Regions Financial Corporation, formerly known as First Alabama Bancshares, was founded on July 13, 1971, with the merger of three Alabama banks.
First National Bank of Montgomery, Alabama (opened 1871), Exchange Security Bank of Birmingham, Alabama (opened 1928), and First National Bank of Huntsville, Alabama (opened 1856).
The Regions bank offers checking accounts, savings accounts, credit cards, and other business accounts and support.
#8 – Red River Bank
The Red River bank was created to serve the good people of Louisiana and provide them with some leverage.
They want to have that one-on-one relationship with their customers; it is a good one.
#9 – Gulf Coast Bank
Gulf Coast Bank & Trust Company offers several personal & business banking services to Baton Rouge, New Orleans, and surrounding Southeast Louisiana communities.
Banking services include checking and savings accounts with online and mobile banking options, personal loans, home loans, business loans, and trust and brokerage services.
#10 – JD Bank
JD bank prides itself on its commitment to service. They also believe that the first pinnacle of commitment to service is listening to what their customers say.
Conclusion
| Ranking | Bank | Account type | Minimum deposit | Interest rate |
| 1 | Ally | Savings | $0 | 0.50% |
| 2 | Chase | Savings | $25 | 0.01% |
| 3 | Whitney | Savings | $100 | 0.01% |
| 4 | CIT | Savings | $100 | 0.45% |
| 5 | Capital One | Savings | $0 | 0.10% |
| 6 | Iberia | Savings | $200 | 0.20% |
| 7 | Regions | Savings | $0 | 0.01% |
| 8 | Red River | Savings | $0 | 0.10% |
| 9 | Gulf Coast | Savings | $100 | 0.01% |
| 10 | JD | Savings | $25 | 0.3% |
References
Recommendation
