Best Banks In Pittsburgh In 2022 | Rates, Account Types, Min. Deposit

All banks deal with numbers but, a good bank provides quality financial services helping its customers meet their financial goals.

With over 20 banks in Pittsburgh with each offering multiple account options, finding the right place for your cash may be difficult. Good thing you’re here. Take advantage of our list of best banks in Pittsburgh.

What are the Best Banks in Pittsburgh?

When it comes to financial institutions, “bigger does not always mean better”. For banks in Pittsburgh, high annual percentage yield, good interest rates, a variety of account types, and few charges make a few banks stand out from among the hundreds of banks in the city.

According to the most recent J.D. Power U.S. Banking Satisfaction study. In order to rank the banks correctly, the study took into account factors such as “product offerings” and “fees.” These factors also led to the ranking of the best banks in Pittsburgh as seen in the list below.

Other key selection criteria include:

Account Type

This is the ongoing series of cash inflows and outflows on behalf of a customer. The most common account type is the checking account.

Interest Rate

This is the proportion of an amount loaned which the bank charges as interest to the customer or the rate a bank pays its customers for keeping money in an account. normally expressed as an annual percentage.

Minimum Deposit

Also known as the initial deposit, a Minimum Deposit is the min amount of money required to open an account with a bank.

List of Banks In Pittsburgh, PA

  • Citizens Bank
  • Dollar Bank
  • Fifth Third Bank
  • First National Bank of Pennsylvania
  • First Commonwealth Bank
  • Huntington National Bank
  • KeyBank
  • Northwest Savings Bank
  • PNC bank
  • WesBanco 

#1. Citizens Bank

Citizens Financial Group, Inc. is listed as one of the best banks in Pittsburgh. It is a $132 billion commercial bank holding company, and offers some of the best rates on the market, especially when it comes to savings accounts.

RELATED:  Best Banks in New Jersey NJ in 2022 | Rates, Account Types, Minimum Deposit

Citizens Bank is headquartered in Providence, RI, and through its subsidiaries has more than 1,500 branches, approximately 3,900 ATMs, and more than 20,900 employees. It operates its branch network in 12 states and has non-branch retail and commercial offices in about 40 states.

Citizens Money Market Accounts offers an annual percentage yield(APY) of 0.01% on Green Savings, 0.01% Personal Money Market, and 0.02% on Platinum Savings.

#2. Dollar Bank

Dollar Bank is committed to providing excellent banking services to individuals and businesses. The Bank operates more than 60 branch offices and loan centers throughout the Pittsburgh and Cleveland metropolitan areas.

Dollar Bank Checking Accounts offers Overdraft Protection, Person-to-Person Payments, Debit card, Deposit checks from a mobile phone, and several account options tailored toward each user’s needs.

Additionally, Dollar Bank allows you to compare checking accounts and reloadable debit cards from banks and credit unions for free.

#3. Fifth Third Bank

Fifth Third Bank is one of the best credit unions in Pittsburgh. This bank features a wide range of accounts and products with Nearly 15 branches in Pittsburgh giving customers an opportunity to build their money.

Fifth Third Bank’s primary products include Checking and Money Market accounts(MMAs). The minimum deposits for each account vary. You can compare your checking accounts and reloadable debit cards from banks and credit unions for free.

#4. First National Bank of Pennsylvania

If you’re looking to save money, First National Bank will offer you a safe haven. This bank is known for its’s wealth management and investment services.

First National Bank supports Person-to-Person Payments, Unlimited check writing, Online Bill Pay, Free linked savings account and many more.

RELATED:  Bank Of America Online Banking Review| How Does It Work?

The bank offers one of the best APYs on the market; with 0.01% on FirstRate Savings and 0.01% to 0.12% on FirstRate Money Market Account.

#5. First Commonwealth Bank

First Commonwealth Bank is another top bank in Pittsburgh headquartered in Indiana, Pennsylvania. It is a financial services company with 147 community banking offices in 28 counties throughout western and central Pennsylvania and throughout Ohio, as well as corporate banking centers in Pittsburgh, Pennsylvania, and Cleveland and Columbus, Ohio. 

First Commonwealth Bank features Electronic & Telephone Banking that supports the following;

  • Online Bill Pay
  • Mobile & Text Banking
  • Deposit Checks with Mobile Phone
  • Person-to-Person Payments
  • Email Alerts

You can earn up to 0.03% APY on American Dream Savings, 0.02% to 0.05% Hometown Savings, and 0.03% to 0.10% on Hometown Money Market. Note that Interest rates and Annual Percentage Yields (APYs) are subject to change.

#6. Huntington National Bank

Huntington National Bank is headquartered in Columbus, Ohio. It is ranked among the top fifty largest banks in the United States and the best Banks In Pittsburgh.

Huntington National Bank features a wide range of accounts and services to meet all of your financial needs including Asterisk Free Checking, Huntington 5 Checking, Huntington 25 Checking, and Money Market Accounts. All checking accounts come with Online Banking, Mobile Banking, Text Banking, Bill Pay, and Online Statements.

#7. KeyBank

KeyBank is 29th on the list of largest banks in the United States ranked by total assets of March 31, per the Federal Financial Institutions Examination Council. This bank has about $157billion in total assets and $12bilion in Market capitalization.

According to Wikipedia, Key’s customer base spans retail, small business, corporate, and investment clients. KeyBank maintains 1,197 branches and 1,572 ATMs.

#8. Northwest Savings Bank

Northwest Savings Bank ranks among the best credit unions in Pittsburgh. This bank has won the hearts of its customers by providing an efficient, secure, and reliable banking experience.

RELATED:  How To Cash A Cashier's Check Online In Less Time | 2022 Update

There are two different checking accounts: Affinity Checking, Affinity Plus Checking, Affinity Premier Checking. These accounts support Person-to-Person Payments, Online Bill Pay, and Unlimited check writing. If you’re residents in Pittsburgh and seeking a good customer experience, Associated Bank should be your first option.

#9. PNC Bank

PNC Bank offers a wide range of services geared to make banking easier, and more convenient than ever. The bank features a wide variety of checking account to suit the need of every customer.

PNC offers really incredible services to customers; residents within the US who have a qualifying checking account can access free Online bill pay within PNC Online Banking. The APY on Statement Savings is 0.01%, 0.02% on Premium Money Market, and 0.10% on Virtual Wallet Growth Account.

#10. WesBanco 

WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia. It has over 200 branches in different cities across the country.

WesBanco offers a wide range of checking accounts for different customers including students and youths. Additionally, the bank also incorporates insurance and investment products.

Conclusion

The table below will serve as a reference point whenever you’re researching the best banks in Pittsburgh that is right for you.

BankAccount TypeInterest RateMin Deposit
Citizens BankChecking and Money Market Accounts3.75%$200.00
Dollar BankChecking and Money Market Accounts2.500%$0.00
Fifth Third BankChecking and Money Market AccountsN/A$500.00
First National Bank of PennsylvaniaChecking and Money Market AccountsN/A$100.00
First Commonwealth BankChecking and Money Market accounts 0.03%$50.00
Huntington National BankChecking and Money Market Accounts0.10%$25.00
KeyBank Checking AccountsN/A$10.00
Northwest Savings BankChecking AccountsN/A$25.00
PNC BankChecking Accounts0.65%$25.00
WesBanco Checking Accounts0.05%$50.00

References

Recommendations

Leave a Reply
You May Also Like