Best Savings Accounts at Regional Banks
Savings accounts are an essential part of personal finance, providing a secure place to keep your money while earning a modest return. However, with so many options available, it can be difficult to choose the best one. Regional banks, in particular, offer a range of savings account options that are tailored to the needs of local customers. In this article, we’ll take a look at some of the best savings accounts offered by regional banks and what makes them stand out.
Advantages of regional banks:
Regional banks, unlike national or global banks, focus on serving specific communities, offering personalized services and a deep understanding of local markets. Additionally, regional banks often have a strong commitment to local economic development, supporting local businesses and investing in the communities they serve. When choosing a savings account, it’s important to consider the values and priorities of the bank, and regional banks offer a level of community engagement and local focus that can be hard to find elsewhere.
Top Regional Bank Savings Accounts:
First Commonwealth Bank eSavings Account:
This account offers a competitive interest rate, no minimum balance requirements, and the convenience of online and mobile banking. With its low fees and easy-to-use platform, the First Commonwealth Bank eSavings Account is a great choice for those looking for a simple, straightforward savings option.
First Merchants Bank Premium Money Market Account:
This account offers a tiered interest rate based on your balance, with higher rates for larger balances. Additionally, you have access to a range of features, including check writing and debit card access, making this a convenient option for those who need to make regular withdrawals from their savings.
Park National Bank Classic Savings Account:
This account offers a competitive interest rate and the peace of mind that comes with FDIC insurance. With its low fees and easy-to-use platform, the Park National Bank Classic Savings Account is a great choice for those looking for a simple, straightforward savings option.
Conclusion:
Regional banks offer a range of savings account options that are tailored to the needs of local customers. Whether you’re looking for a high-yield account, a flexible account with check-writing capabilities, or a simple, low-fee option, regional banks have you covered. When choosing a savings account, it’s important to consider the values and priorities of the bank, and regional banks offer a level of community engagement and local focus that can be hard to find elsewhere. With so many great options available, regional banks are definitely worth considering when shopping for a savings account.