According to the Deposit account, there are only 30 banks in Orlando. For a community with 4.3 million residents, this ratio of banking is relatively poor, unlike its neighboring cities.
To get the best banking experience in Orlando, you must use the best banks available.
Let’s hint: To recognize the best banks in Orlando, look out for their annual percentage yield, minimum deposit, and account types. These will give you an overview of the services the bank will render.
In line with this, we have narrowed the search by providing the best 12 banks out of the 30 residents of Orlando. We advise you to read this article slowly and carefully to grasp banking in Orlando.
What Are The Best Banks In Orlando?
According to Wikipedia, Orlando is a city in the U.S. state of Florida and is the county seat of Orange County. The City of Orlando is nicknamed “the City Beautiful,” making it have the best banks.
Regarding banks in Orlando, high annual percentage yield, reasonable interest rates, a variety of account types, and few charges make a few banks stand out from the hundreds of banks in the city.
So, depending on your financial need and goals, good banks in Orland can meet your needs.
Therefore, below is the list of the best banks in Orlando that offers all the excellent services you need at a satisfactory rate.
- Regions Bank
- Suncoast Credit Union
- Chase Bank
- First Florida Credit Union
- TD Bank
- Navy Federal Credit Union
- City National Bank
- Wells Fargo Bank
- MIDFLORIDA Credit Union
- Priority Credit Union
- Ally Bank
- PNC Bank
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#1. Region Bank
Region bank is one of the best banks in Orlando, Florida. The bank is headquartered in the Regions Center in Birmingham, Alabama.
The company provides retail and commercial banking, trust, stock brokerage, and mortgage services. Also, Region bank offers a full spectrum of banking services and has good customer service.
Its banking subsidiary, Regions Bank, operates 1,952 automated teller machines and 1,454 branches in 16 states in the Southern United States and the Midwestern United States.
The regions that are the largest deposit holders are Alabama, Tennessee, Arkansas, Louisiana, Mississippi, and Florida.
In addition, the bank has an APY Rate of 0.01%, a Minimum deposit of $50, or $5 if you open this account in person at a branch and set up a monthly automatic transfer from your checking account.
#2. Suncoast Credit Union
Suncoast is also one of the best banks in Orlando and a solid place to keep your money. It is small, with around 70 branches, mainly along Florida’s Gulf Coast.
It doesn’t participate in shared branching, Unlike some other credit unions. However, it is enrolled in a shared ATM network that gives fee-free access to nearly 30,000 cash machines nationwide.
The Regular Share Membership account has a low savings deposit requirement and no monthly fee, and its smart checking account has no monthly fees and earns 0.05% APY.
In addition, Suncoast regularly hosts workshops and seminars on how to save money, which is a nice perk.
#3. Chase Bank
Chase is a subsidiary of JP Morgan Chase, a substantial financial institution known for providing its customers with top-notch financial products and services.
Its services include mortgages, auto loans, consumer checking accounts, savings accounts, CDs, credit cards, home equity lines of credit, and investing services.
Furthermore, the bank has nearly 4,900 branches and 16,000 ATMs. You can easily avoid a monthly fee on a basic savings account, and they offer bonuses on checking and savings.
To get more information about the Chase bank (one of the best bank) in Orlando, Florida.
#4. First Florida Credit Union
First Florida credit union is a member-owned financial cooperative providing members banking services, including savings, loans, and other financial services.
Also, it is dedicated to enriching people every day. We are headquartered in Jacksonville and operate 16 branches throughout Orlando, Florida.
As a not-for-profit, member-owned cooperative, their primary focus is to serve the financial needs of their members.
In addition, the bank’s minimum deposit is $0.00 – $49,999.99 for 0.15%APY and $50,000.00 – and over for 0.25% APY.
#5. TD Bank
TD Bank refers to Toronto-Dominion Bank, a financial services group based in Canada.
It tops the chart as one of the best banks in Orlando, with over 100 branches in the state. It is one of America’s oldest and largest banks, with over 150 years of experience.
Furthermore, the financial institution is known for providing its customer’s top-notch financial products and services.
Its services include checking accounts, savings accounts, credit cards, home equity, mortgage loans, and special offers.
Aside from its unique customer service, the bank has a significant footprint in Florida. In addition, TD banks offer other services like wealth management, retirement planning products, personal banking, and lots more.
You can get more information about TD bank by clicking the button below.
Navy federal credit union is a global credit union headquartered in Vienna, Virginia, which is chartered and regulated under the authority of the National Credit Union Administration (NCUA).
It is the largest retail credit union in asset size and membership in the united states.
Being the most preferred and trusted financial institution serving the military and their families.” Navy Federal Credit Union membership is open to Active Duty and retired DoD and Coast Guard members, DoD reservists, Army and Air National Guard, civilian DoD employees, Veterans, and their families.
In addition, the Navy federal credit union rank as one of the best bank in Orlando, Florida. You can click on the link below for more information.
You can also check this: Best Banks In Utah In 2023 | Rates, Account Types, Min. Deposit
#7. City National Bank
According to Wikipedia, City National Bank is headquartered at City National Plaza in Los Angeles, California. It is a subsidiary of the Toronto-based Royal Bank of Canada.
This bank is one of the largest financial institutions based in the state. Also, one of the most liquid and best-capitalized banks in Florida.
CNB offers a diversified portfolio of financial products and services at 26 convenient banking centers from Miami-Dade County to more fantastic Orlando. Also, it has excellent customer service.
Click on the link for more information.
#8. Wells Fargo Bank
Wells Fargo is one the largest and oldest continuously operating banks in the U.S. It currently has 608 branches and 1,128 ATMs across the state, including locations in every major city in Orlando, Florida, and even many small towns.
The bank has eight account options split among checking, savings, and CDs. And it is best for those who want to bank with an industry leader.
Furthermore, when it comes to convenience and ease in your banking experience, Wells Fargo offers that. Also, you can access your accounts online, on mobile, at a branch or ATM, and over the phone.
#9. MIDFLORIDA Credit Union
MidFlorida Credit Union, founded in 1954, is a credit union based in Lakeland, Florida. The bank is the best and fourth-largest credit union in Orlando, Florida.
It offers a full range of banking products and services to members throughout Florida. The products and services include Auto Loans, Credit Cards, and Home Mortgages.
The MidFlorida credit union has excellent customer service. So, for more information about the bank, click the link below.
#10. Priority Credit Union
Priority is one of the best credit union banks in Orlando, Florida. It has a solid place to keep your money. The bank has grown to offer various financial services and advice in four (4) different counties with six (6) other locations.
The bank delivers financial advice and products to the Orlando community for each stage of their lives. In addition, you can use the bank for everything, including savings, checking, car loans, credit cards, and mortgage.
Click on the button below for more information ab out the bank.
#11. Ally Bank
Ally is popular online banking without branches, but users can reach it via a 24/7 phone line and live chat.
It offers attractive earning interest to consumers who want to boost their money quickly. This bank offers some of the best rates on the market, especially regarding savings accounts.
Furthermore, Ally bank is best for people seeking strong rates and complete customer service and is ideal for people who don’t care about having branch access for their banking.
You can access over 43,000 accessible ATMs via checking or money market accounts—also, No monthly maintenance fees or minimum balances on checking, savings, or CDs.
To get more information About the best banking in Orlando, click the link below.
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#12. PNC Bank
PNC Bank is also one of the best banks in Orlando and is among the top five U.S. banks with a coast-to-coast national franchise.
The bank has forged a banking relationship with almost 50 major universities across the U.S., including institutions in the Sunshine State such as Florida Institute of Technology and Palm Beach State College.
Furthermore, PNC uses a unique pairing of two systems to ensure students can track their spending and current balance. Also, the bank has an extensive ATM network.
PNC Bank is best for young adults and students new to financial management
CONCLUSION
Conclusively, here is the list of all the best banks in Oregon with their account types: interest rates and minimum deposit sum.
| Bank | Account Type | Minimum Deposit | Rates |
| 1. Regions Bank | Savings | $50 | 0.01% |
| 2. Suncoast Credit Union | Savings | $500 | 0.15% |
| 3. Chase Bank | Savings | $25 | 0.01% |
| 4. First Florida Credit Union | Savings | $49,999.99 | 0.15% |
| 5. TD Bank | Savings | $0 | 0.05% |
| 6. Navy Federal Credit Union | Savings | $5 | 0.25% |
| 7. City National Bank | Savings | $50 | 0.01% |
| 8. Wells Fargo Bank | Savings | $25 | 0.01% |
| 9. MIDFLORIDA Credit Union | Savings | $5 | 0.01% |
| 10. Priority Credit Union | Savings | $25 | 0.10% |
| 11. Ally Bank | Savings | $0 | 0.50% |
| 12. PNC Bank | Savings | $25 | 0.01% |
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