Banking » Compare Banks » Best Banks In Georgia For 2024
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Best Banks In Georgia For 2024

Whether you're searching for an interest-bearing checking, high savings rates, or multiple branches, here are our top banks in Georgia.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: June 3, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: June 3, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

If you're residing in Georgia and on the hunt for the perfect bank, you probably know plenty of choices are available. The options are vast, from small local banks to larger ones serving broader regions, and even national banks, not to mention the convenience of online banks.

We carefully considered several important factors in our quest to find the right bank. We looked at their number of physical branches, the variety of products they offer, the interest rates they provide for deposits, the quality of their online banking services, and their overall customer service and support.

Best Georgia Regional And Community Banks

Here are our top picks for regional and community banks in Georgia:

Truist Bank

Truist_Financial_logo
Truist_Financial_logo

Truist Bank

Checking Fees

$12 Waive your monthly maintenance fee by making $500 or more in total qualifying Direct Deposits per statement cycle OR maintain a total combined ledger balance of $500 or more in Truist related accounts across personal deposits and all investments as reflected on the business day before your statement cycle end date OR having a personal Truist credit card, mortgage or consumer loan, excluding LightStream® OR having a linked Small Business Checking Account OR students under the age of 25

Money Market APY

4.50%

Savings APY

0.01%

CDs APY

4.00% – 4.50%

Truist Bank provides a wide range of financial solutions for both individuals and businesses. They offer various options like savings and checking accounts, CDs, and a money market account. With over 200 branches in 105 cities in Georgia, they ensure accessibility for customers across the country.

They also have around 3,000 ATMs available with low fees that are easy to avoid. However, the interest rates on savings and money market accounts are not very competitive, so it's better to consider other options for managing your savings.

Truist Transfer And Pay Options
(Screenshot from Truist Bank app)

Truist Bank was created in 2019 after the merger of BB&T and SunTrust, forming a unified entity known as Truist. Currently, it ranks among the top 10 largest banks in the entire United States.

Regions Bank

regions-bank-vector-logo
regions-bank-vector-logo

Regions Bank

Checking Fees

$0 – $18

Money Market APY

1.50% – 2.00%

Savings APY

0.01%

CDs APY

0.01% – 5.00%

Regions Bank is a well-known financial institution with a strong presence in Georgia, operating in more than 100 branches across 75 cities. They offer a wide range of checking accounts to meet different needs, including accounts with interest, no overdraft fees, e-checking, and specialized options for students and seniors.

Customers who want to enjoy extra benefits can take advantage of opening multiple accounts with Regions Bank. This can lead to perks like discounts on safe deposit boxes, better rates on certificates of deposit (CDs), reduced loan rates, and cash back rewards on certain purchases.

However, there are some downsides to consider. Certain accounts may have monthly fees, and the bank's savings accounts have low APY. Additionally, both money market and checking accounts require high minimum balances to avoid monthly fees, which could be challenging for those with limited funds.

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Chase_logo

Promotion:
$300 New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.. Expired on 10/16/2024
Chase Overdraft Assist
With Chase Overdraft AssistSM, you won’t be charged an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day

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Fees:
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Promotion:
$500 Use Promo Code “RC500” for a $500 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you'll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

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Promotion:
$250 $250 cash bonus if you make direct deposits totaling $2,000 or more within 90 days of account opening.
No Minimum Deposit
Free checking account, no minimum balance, check writing, two days early paycheck
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

PNC bank logo

Promotion:
Up to $400 Open a new, select Virtual Wallet product and receive $500/$2,000/$5,000 or more in qualifying monthly direct deposits within 60 days to earn a $100/$200/$400 bonus.
Subject to state availability
PNC Virtual Wallet ® is available in AL, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KY, MD, MI, NC, NJ, NY, NM, OH, PA, SC, TX, VA, WI, and WV. Virtual Wallet ® is offered in the state of MO with the exception of the Greater Kansas City area. Product availability may vary based on where you open your account and the Zip code of your primary address.

Chase_logo

Promotion:
$300 New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.. Expired on 10/16/2024
Chase Overdraft Assist
With Chase Overdraft AssistSM, you won’t be charged an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day

UpgradeLogo

Fees:
No monthly fees No monthly fees and no overdraft fees. Plus get reimbursed for ATM fees with an active account 
Rewards:
Up to 2% cash back Up to 2% cash back on common everyday expenses for active accounts with monthly $1,000 direct deposit, and up to 1% cash back for other purchases 
Promotion:
$500 Use Promo Code “RC500” for a $500 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you'll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

Promotion:
Up to $2,500 You could earn $1,500 or $2,500 if you open a new, eligible HSBC Premier checking account from July 1, 2024 through November 22, 2024, and complete qualifying activities: • Get a $1,500 Cash Bonus: Add New Money of $100,000 to $249,999 in deposit and/or eligible investment accounts within 20 days of opening your new checking account and maintain the Qualifying Balance for 3 full consecutive months. • Get a $2,500 Cash Bonus: Add New Money of $250,000+ in deposit and/or eligible investment accounts within 20 days of opening your new checking account and maintain the Qualifying Balance for 3 full consecutive months. – Cash Bonus will be deposited into your new checking account within 8 weeks of meeting all the offer requirements
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc

fifth-third-bank-logo

Promotion:
$250 $250 cash bonus if you make direct deposits totaling $2,000 or more within 90 days of account opening.
No Minimum Deposit
Free checking account, no minimum balance, check writing, two days early paycheck
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

Best Georgia National Banks

We extensively analyzed several national banks in Georgia, comprehensively comparing their important aspects.

We started by looking at the number and locations of their branches. Moreover, we carefully examined the various products and services they offer. Our analysis gave special attention to their deposit rates, especially when it comes to comparing CDs and regular savings accounts.

Wells Fargo Bank

Wells_Fargo-Logo
Wells_Fargo-Logo

Wells Fargo Bank

Checking Fees

$0 – $5

Promotion

0.02% – 1.00%

Savings APY

0.26% – 2.50%

CDs APY

4.25%- 4.75%

Wells Fargo is one of the largest banks in the US, with more than 180 branches spread across 80 cities in Georgia. They offer a wide range of financial products and have many ATMs for convenient access.

The Wells Fargo Everyday Checking is highly praised because they don't charge fees for insufficient funds, and their customer service is available 24/7 by phone. Moreover, they have a vast network of free ATMs nationwide, and they provide early direct deposit services. When it comes to CD rates, selected CDs offer competitive rates.

Transfer money in Wells Fargp app
Transfer money in Wells Fargp app (Screenshot from Wells Fargo app)

However, Wells Fargo has faced scrutiny from regulators in recent times due to issues like opening fake accounts. The interest rates on their savings accounts are not very competitive, and some accounts still come with monthly fees that you can avoid. Additionally, their overdraft fee is relatively high, so it's essential to be mindful of this aspect.

Bank Of America

Bank_of_America
Bank_of_America

Bank Of America

Checking Fees

$0 – $25

Checking Promotion

$200 Requirements to Receive the $200 Online Only Offer Bonus: (1) Open a new Bank of America Advantage Banking account online using offer code TWA200CIS by January 31, 2024, to be enrolled in this offer. (2) Set up and receive Qualifying Direct Deposits totaling $2,000 or more into that Bank of America Advantage Banking account within ninety (90) days of account opening. is required. Promotion expired on 01/31/2024

Savings APY

0.01% – 0.04%

CDs APY

0.05% – 4.75%

Bank of America is a large American bank that offers a wide range of financial services, including checking and savings accounts, credit cards, mortgages, loans, investments, and wealth management. They have more than 120 branches in Georgia, spread across 50 cities, making it easy to find a branch nearby.

The bank provides both in-person and online banking options for convenient transactions, promotions for checking accounts (most of the time), high rates on promotional CDs and their credit card rewards programs are appealing to cardholders.

BofA dashboard summary
(Screenshot from Bank Of America app)

However, there are some drawbacks to consider. Bank of America charges fees including overdraft fees, which may not be ideal for those seeking fee-free options.

While their customer service has improved, some people still experience occasional issues with responsiveness and support. Additionally, their interest rates on savings accounts and certain loans may not be the most competitive.

PNC Bank

PNC bank logo
PNC bank logo

PNC Bank

Checking Fees

$0 – $5

Money Market APY

0.02% – 1.00%

Savings APY

4.65% The PNC High Yield Savings℠ account is only available to residents of Arizona, California, Colorado, New Mexico and Texas.

CDs APY

5.05%

Unlike the previous national bank, PNC Bank doesn't have as many branches and coverage. They have around 50 branches scattered across 30 cities in the state.

However, they offer convenient mobile and online banking through their Virtual Wallet Spend checking account, which has no fees for bill payments. They also partially reimburse fees for using non-PNC ATMs, but the ATM owners may still charge separately.

PNC Bank has some attractive features, including a competitive interest rate for PNC online-only savings accounts (though it might be available only in specific states) and access to around 60,000 fee-free ATMs.

On the downside, PNC Bank has a relatively high overdraft fee of $36, which is one of the highest in the country. Opening a CD requires visiting a branch in person. Additionally, some accounts may have monthly fees, but you can avoid them by meeting certain conditions.

Best Georgia Online Banks

During our search for online banks in Georgia, we primarily focused on comparing their savings and CD rates. We also wanted to discover if these banks provided other services, such as checking accounts, loans, credit cards, and mortgages.

Ally Bank

ally bank
ally bank

Ally Bank

Checking Fees

$0

Checking Promotion

N/A

Savings APY

4.2%

CDs APY

3.00% – 4.50%

Ally Bank is a well-known online banking institution that provides a wide range of financial products to its customers. They offer checking accounts, savings accounts, CDs, IRAs, mortgages, and auto loans. One of the best things about Ally's checking account is that it has no monthly fees, which is a great money-saving advantage for their clients.

Ally Bank stands out for its competitive interest rates on savings accounts and CDs, earning praise from customers. They also offer convenient features such as 24/7 customer service, mobile banking, and online bill payment, making it easier for customers to manage their finances.

Ally tasks and menu options
Ally banking features on app (Screenshot taken by our team from Ally app)

However, it's important to note that Ally Bank operates solely online and does not have physical branches. This may not be ideal for individuals who prefer in-person banking. Additionally, when compared to traditional brick-and-mortar banks, Ally might not offer the same breadth of services.

SoFi Bank

SoFi logo
SoFi logo

SoFi Bank

Checking Fees

$0

Checking Promotion

$50 – $300 New customers should deposit $1,000 – $5,000 to get the promotion. Expired on 06/30/2024

Savings APY

up to 4.60%

CDs APY

N/A

SoFi offers a combined Checking and Savings account, each with its own interest rates. The account has some great advantages, like no monthly fees and a strong free overdraft coverage program for eligible customers.

They also provide a competitive rate for the savings account and give access to a wide and free nationwide ATM network. If you use direct deposit, you can even get paid up to two days earlier, which is pretty cool. Also, SoFi offers promotions for new customers from time to time.

SoFi app main menu
SoFi app main menu (Screenshot from SoFi)

However, there are a few downsides to consider. SoFi doesn't have physical branches, so if you like in-person banking, it might not be the best fit. Depositing cash comes with fees, which can be inconvenient for people who do it frequently.

Also, they don't offer CDs or money market accounts, so if you want more specialized savings options, you might have to look elsewhere.

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Savings Rate: 5.21% APY
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Savings Rate: Up to 5.00% APY

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Savings Rate: 4.40% APY
Quontic bank logo
Savings Rate: 4.50% APY

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Savings Rate: 4.75% APY APY

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CD Rate: 5.00% – 5.20% APY
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We get compensated for these product offers

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Chime Banking App

  • 2.00% APY on Chime Savings 
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Quontic High Yield Savings

  • 4.50% APY on savings
  • Interest is compounded daily
  • No Monthly Service Fees

CIT Savings Connect 

  • Up to 5.00% APY on savings
  • No monthly service fees.
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Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

Top Offers From Our Partners

UpgradeLogo

Savings Rate: 5.21% APY
CIT-Bank-Logo
Savings Rate: Up to 5.00% APY
Quontic bank logo
Savings Rate: 4.50% APY

valley direct logo

Savings Rate: 4.75% APY

consumers credit union logo

CD Rate: 5.00% – 5.20% APY
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

FAQs

As of 2024, Georgia is dominated by Truist Bank, Wells Fargo Bank, and Bank Of America, with each of them operating an extensive network of over 120 branches.

Identifying the best bank in Georgia for you is based on what you prefer – online banking, high deposit rates, or no-fee checking accounts. Explore our recommended banks above, each excelling in its own way.

When it comes to CD rates in Georgia, terms matter. The best rates for 1 year may be offered by one bank, while the best rates for 3 months could be at another. Check out our suggested Georgia competitive CD rates list and compare them to credit unions.

Finding the best savings rates may seem hard, but there are great options in Georgia. Take a look at our list of some of the best options for high savings rates in Georgia for 2024.

How We Picked The Best Bank In Georgia: Methodology

The Smart Investor team conducted an extensive review to identify the best banks in Georgia. We assessed them based on four main categories, each with specific features:

  1. Financial Products and Services (40%): We evaluated the range and quality of financial products and services offered by each bank, including checking accounts, savings accounts, CDs, loans, credit cards, and investment options. Banks offering a diverse array of financial products with competitive rates and terms received higher ratings in this category.
  2. Banking Features and Tools (30%): This category assessed the availability and functionality of banking features and tools, such as transfer options, the ability to set savings goals, account linking capabilities, mobile app usability, check deposit options, and other features important for banks. Banks offering a comprehensive suite of features and user-friendly tools earned higher scores.
  3. Customer Experience (20%): We closely examined the overall customer experience, including the ease of account opening, communication with customer service representatives, the usability of online banking platforms and mobile apps, and the responsiveness of customer support. Banks with user-friendly interfaces, efficient digital banking tools, and responsive customer service received higher ratings.
  4. Bank Reputation (10%): Our team analyzed each bank's reputation based on factors such as customer satisfaction ratings, JD Power scores, TrustPilot reviews, and any notable awards or recognitions received. Banks with positive reputations and a history of providing excellent service to customers in Georgia received higher ratings.

Within each category, we assigned weights to various features and qualities to ensure a comprehensive evaluation of each bank.

Picture of Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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Savings Rate: 5.21% APY
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Savings Rate: Up to 5.00% APY
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Savings Rate: 4.50% APY

consumers credit union logo

CD Rate: 5.00% – 5.20% APY
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We get compensated for these product offers