Best Banks in Ohio in 2022 | Rates, Account Types, Min. Deposit

Having to make a choice of the ideal banking institution to secure your money is not as easy as eating a pancake, especially in a state like Ohio.

This is because Ohio is the third state in USA with the highest number of banks. And not just that, all the banks have better interest rates, more convenient locations, more access to loans, and more competitive service offerings.

That is why its expedient that if you’re studing or working in the state, you’ve an insight of which banks will give you the best deals service you need.

As a way of helping you out here, we’ve taken a look through some great banks in Ohio to bring you our pick of the top 10 best banks that their services are top.

Reading this article will take you through the best rated banks in Ohio with a hint about the services they offer.

The table of contents above gives a rundown of these banks.

How many Banks are in Ohio?

Ohio is a state in the East North Central region of the Midwestern United States and home to seven cities.

Like we mentioned earlier, Ohio is home to a wide range of different banks; everything from big name national banks to regional and local community banks can be found here.

The state have more than 230 banks operating currently.

What are the Best Banks in Ohio?

Below is a list of 10 best banks in Boston arranged in no particular order:

  • Huntington National bank
  • Fifth Third Bank
  • U.S Bank
  • Chase Bank
  • PNC Bank
  • KeyBank
  • Park National Bank
  • Civitas Bank
  • Woodforest National Bank
  • First Financial Bank

Note, some of these banks won’t only help you save, they will also offer you platforms to make money with your Bank Account easily.

What we Considered

We made this list by considering factors such as:

  • The number of branches available in the city
  • Minimum deposits
  • The annual percentage yields (APYs)
  • The type of accounts they operate.

#1. Huntington National Bank

Rate: 0.01% APY

Account Types: ( Basic, Standard and Premium Checking Accounts)

Minimum Deposit: $0

First in our list of the best banks in Ohio is Huntington National bank established in 1866 in Cleveland Ohio. The bank has more than 450 offices in 215 different cities and towns of Ohio.

It’s recorded as the largest bank in the state.

Basically, the bank offers different account options which include basic, standard, and premium checking accounts. With any of these accounts, you can carry out online banking, mobile check deposit, and online bill payments.

You won’t need to worry about maintenance charges if you are operating their basic checking account because it is free. Even the $25 fee they will charge you if you have a premium account can be waived if your balance is over $25,000.

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The only downside of this bank that might discomfort you is the fact that their overdraft fee increases from $23 to $37.50 if you overdraw twice in a year. Aside from that, Huntington national bank is worth going for.

#2. Fifth Third Bank

Rate: 0.01% APY

Account Types: Checking accounts, CD and Savings accounts

Minimum Deposit: $100

Fifth Third Bank is one of the best banks in Cleveland Ohio with over 290 branches located in 147 cities of Ohio. It’s known as a regional midwest bank that offers top-notch banking services.

Basically, Fifth Third Bank offers three checking account options- Standard, Premium, and Elite. They also offer special accounts such as preferred checking accounts, student banking, military checking account, express banking, and ABLE checking. All are for different categories of individuals.

That means, no matter your gender, or profession, or status, Fifth Third Bank has an option that can best suit you.

That aside, the bank operates a zero minimum deposit account and has checking fees that range from $0 to $25. To learn more about this bank, click the link below.

#3. U.S. Bank

Rate: 0.01% APY

Account Types: Savings Accounts and Checking Acounts

Minimum Deposit: $25

Next, after Fifth Third Bank is U.S. Bank. U.S. Bank is one of the largest banks in the U.S. and best for joint checking accounts. It’s among the best banks in Columbus Ohio with over 259 Offices in 142 cities of Ohio.

The bank offers savings and checking accounts with no maintenance fee once you have an average daily balance above $1500. Additionally, there are platforms for online banking, mobile check deposit, and bill payments.

Note, U.S. Bank minimum deposit is $25 and its overdraft fee is $36. To learn more about this top bank in Ohio click the link below.

#4. Chase Bank

Rate: 0.01% APY

Account Types: Savings and Checking Account

Minimum Deposit: $25 (Savings account) and $0 (Checking Accounts)

Chase Bank is ideal for high school and college students with over 249 branches in 143 cities of Ohio. Aside from that, it’s among the best banks in Cleveland Ohio that offers lots of banking services to Americans.

However, the bank offers various account options including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans, and payment processing. 

Note, Chase Bank has a minimum deposit of $25 for saving accounts and no minimum balance required for checking accounts. Also, they charge a monthly fee of $12 which can be waived if you maintain a $1,500 account balance daily.

Another interesting thing about Chase savings account is that you get the chance to earn up to $200 just by opening the account and maintaining the minimum balance for 90 days.

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To get more information about how it works click the link below.

#5. PNC Bank

Rate: 0.05% APY

Account Types: Virtual Wallet Student

Minimum Deposit: $25

PNC is another great option for students who want to open an account in Ohio. The bank has more than 297 branches in 161 different cities and towns in the state.

In terms of what they offer, PNC offers a lot. As a student, you have the option to get student loans, credit cards. Also, you can even open a special account called Virtual Wallet Student Account with no charges for the next 6 years.

Then after 6 years, the account will be converted to a standard Virtual Wallet Account where you will be charged monthly of $7. But not to worry, the monthly charges can be waived if you can keep up to $500 in the account daily.

Note, to open a PNC checking account, you need a valid U.S. address, Social Security number, U.S. Driver’s Licenses, State Issued ID’s, and Miltary ID. Most importantly, you must be 18 years and above.

To learn more about this bank, click the link below.

#6. Key Bank

Rate: 0.01%

Account Types: Savings, Checking Accounts and CDs

Minimum Deposit: $0 (Checking Accounts), $10 (Savings Accounts)

Key Bank can be among the best rated banks in Ohio near you because it has over 204 branches in 120 different cities and towns in the state of Ohio and 1200 more offices in 15 states.

The bank offers various account options which include Checking accounts, Savings Accounts, and Investment Accounts. Including credit cards, Mortgages, and Loans ( Personal Loans, Home Equity Loans, and Home Equity Lines of Credit.

Interestingly, the bank has a good customer service system which can be access through many channels. And also a cheaper savings account monthly fees.

The only drawback is that it has a low rates on savings accounts and certificates of deposit. Also, the overdraft sometimes can be expensive.

#7. Park National Bank

Rate: 0.01%

Account Types: Saving, Money Market and checking account

Minimum Deposit: $50

Park National Bank is another bank we can’t just but consider when talking about the best rated banks in Ohio. This is because the bank offers top-notch services.

They offer several varieties of Checking, Savings, Money Market, Health Savings accounts, and CDs as well as loans for homes and businesses.    

Their minimum deposit for the various accounts differs. For instance, a savings account requires a minimum deposit of $50 with no monthly maintenance fee once you have up to $250.

Moreso, you will have access to ATM, free online banking, and mobile banking. To learn more about this bank, click the link below.

#8. Civista Bank

Rate: 0.05%

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Account Types: Saving Account and checking account

Minimum Deposit: $0

Civista Bank is among the best-rated banks in Ohio. This Ohio Bank is committed to helping its customers and communities address financial needs and goals. 

Basically, Civista Bank offers personal, business banking, and wealth management. It also provides a Choice of saving and checking accounts which provides excellent value for the customers.

For those who choose to pay a monthly maintenance fee of $7, there is no minimum requirement for balance and a free checkbook every year.

#9. Woodforest National Bank

Rate: 0.03% (Savings Account) 0.05% APY (Checking Account)

Account Types: Checking and Savings Accounts.

Minimum Deposit: $25

Next in our list of best rated banks in Ohio is Woodforest National Bank. The bank has 78 Offices in 72 cities of Ohio and more than 700–throughout 17 states in the U.S. This includes Illinois, Texas, Virginia, North Carolina, Alabama, Florida, South Carolina, and more.

It offers various checking accounts, savings accounts, CDs, personal loans, auto loans, mortgages, and credit cards.

It would be best to get over the $200 mark as quickly as possible, though, as doing so will cancel the $3 monthly service fee. To learn more about this top bank in Ohio click the link below.

#10. First Finanical Bank 

Rate: 0.05% APY (Savings Account) and 0.01% (Checking Accounts)

Account Types: Savings, Checking, and Money Market Account

Minimum Deposit: $100

Origins date back in 1863, First Financial Bank has been in existence for over 150 years, continuously delivering outstanding service, dedicated to helping people and enterprises meet their targets and to finding financial success.

With over 66 Offices in 35 cities of Ohio. It also goes beyond offering the first-class experience in personal community service to maintain life-long partnerships.

Another unique feature of this top banking firm is that it provides the services of a large bank, while also providing customer service and offering the benefits of a community bank as well.

To find out more, click the link below.

In Summary

The best banks in Ohio are summarized in the table below. It captures their minimum deposit, the type of accounts they offer, and the interest rate.

Name of BankSavings APY RateMinimum DepositAccount Types
Huntington National Bank0.01%$0( Basic, Standard and Premium Checking Accounts)
Fifth Third Bank0.01%$100Checking accounts, CD and Savings accounts
U.S. Bank0.01%$25Checking accounts, and Savings accounts
Chase Bank0.01%$25 (Savings account) and $0 (Checking Accounts)Savings and Checking Account
PNC Bank0.05%$25Virtual Wallet Student
Key Bank0.01% $0 (Checking Accounts), $10 (Savings Accounts)Savings, Checking Accounts and CDs
Park National Bank0.01%$50Saving, Money Market and checking account
Civista Bank0.05%$0Saving Account and checking account
Woodforest National Bank0.03% (Savings Account) 0.05% APY (Checking Account)$25Checking and Savings Accounts.
First Finanical Bank0.05% APY (Savings Account) 0.01% (Checking Accounts)$100Savings, Checking, and Money Market Account


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