UNDATED – The personal-finance company WalletHub today released the results of its nationally representative 2026 Banking Survey and its latest Banking Landscape Report, which showcase consumer sentiment and detail the average fees, features, and rates associated with more than 3,300 checking and savings accounts.
Banking Survey:
- Not Earning Enough: 56% of people say they’re not satisfied with the interest rate on their bank account.
- Less Reason to Save: Nearly 2 in 5 Americans say the Federal Reserve reducing interest rates makes them less interested in saving money.
- Banking Trust: More than 1 in 3 Americans believe their bank is taking advantage of them.
- Eroding Bank Balances: 3 in 5 Americans say the money in their bank accounts is not keeping up with inflation.
- Spreading the Wealth: 51% of people plan to open a new bank account in the next 12 months.
- Seeing the Full Picture: 84% of people believe that seeing all their accounts in one place helps them make better financial decisions.
Learn more:2026 Banking Survey
Banking Landscape:
- Best Rates: Online-only personal savings accounts provide the market’s highest interest rates, offering 2.7X higher returns than traditional checking accounts.
- Checking Account Rates: Credit unions offer 60X higher interest rates on checking accounts than regional banks.
- Checking Account Fees: Checking accounts from credit unions are 76% less expensive than those from national banks.
- Best Checking Account: mph.bank Free Checking Account (4.00% APY)
- Best Savings Account: Pibank Savings (4.60% APY)
- Best 1-year CD: FinWise Bank CD (4.10% APY)
