For those who live within the Buckeye State, you could have many banking options, from small community banks to credit unions and national banks. To show you how to find the very best option for you, Money researched leading financial institutions, analyzing their account offerings, annual percentage yields (APYs), fees and rates.
Based on that information, we identified the very best banks and credit unions in Ohio for 2024-2025:
*Rates and APYs are subject to alter. All information provided was accurate as of Oct. 8, 2024.
KeyBank has a robust presence in Ohio, with over 100 branches inside the state. It has a wide range of deposit accounts, including free check, interest-bearing checking and high-yield accounts. Through KeyBank, your money can earn a higher-than-usual rate on money market accounts, and there are specialized account options for seniors and students.
The downside? KeyBank’s money market accounts have a $5,000 account minimum, which is a better requirement than some banks have, and KeyBank does charge monthly fees on most accounts.
- Multiple checking options, including interest-bearing accounts
- Checking options for seniors and students
- High APY on money market accounts
- High minimum deposit requirement for money market accounts
- Monthly fees apply to most accounts
Fifth Third Bank has free checking accounts, meaning accounts without monthly fees, and also you haven’t got to fret about meeting minimum deposit or balance requirements. The free accounts include perks like identity theft monitoring, and you furthermore may get access to a network of over 40,000 ATMs.
Fifth Third Bank has a low minimum deposit requirement for its long-term CDs; you’ll be able to open an account with as little as $500. Nevertheless, promotional CDs require a way more substantial upfront investment — you’ll have not less than $5,000 to start.
- Free checking accounts without balance or deposit requirements
- Broad branch and ATM network
- Low minimum deposit for CDs
- For some accounts, rates aren’t disclosed online
- High deposit requirement for promotional rates
If you ought to grow your money with a money market account, Huntington Bank offers account options with APYs which are about 10 times higher than the national average. For those who maintain a balance of not less than $25,000, you’ll be able to qualify for a fee waiver, too. Besides money market accounts, the bank has many other account options, including free checking accounts and CDs.
Nevertheless, the very best rates are depending on an existing Huntington Checking account, so non-customers may not get the best-possible APY.
- Higher-than-usual APYs on money market accounts
- Fee waivers available
- Free checking options
- Highest rates require an existing Huntington Checking account
- Accounts with balances under $25,000 won’t earn interest
PNC operates brick-and-mortar branches, nevertheless it also offers useful digital banking options. You possibly can open a high-yield CD online, and for those who select one in all the promotional terms, you’ll be able to qualify for an APY that’s significantly higher than the national average.
PNC has a lower required deposit minimum than other banks; you’ll be able to open a CD with just $1,000. Nevertheless, its checking, savings and money market accounts have monthly fees unless you qualify for a fee waiver. Moreover, PNC has lower APYs on savings accounts than other banks.
- High APYs on select terms
- Number of CD terms
- Relatively low minimum
- Most deposit accounts have monthly fees
- Lower-than-average APY on savings accounts
Park National Bank has a special program for those ages 50 and older. This system, Freedom Years, offers perks like free checks, money orders, a small protected deposit box, investment evaluation and access to special events and seminars. Customers are also entitled to direct access to a private banker. Customers of all ages can choose from multiple account options, including interest-bearing checking accounts, free checking accounts and youth saving options.
Park National Bank doesn’t disclose its APYs for its deposit accounts online; you could have to go to a branch or call a bank representative for details. Lastly, it has shorter CD term options than other banks.
- Comprehensive program for seniors
- Checking accounts with interest and added perks available
- Youth savings accounts available
- Doesn’t disclose APYs online
- Limited CD terms
How we selected the Best Banks of 2024-2025
To find out our list of best banks for 2024-2025, Money evaluated a whole lot of the biggest retail banks, credit unions, regional and state banks and online banks ranked by assets. We then compared opening balance requirements, interest paid, fees and features to find out our top picks.
We selected the very best banks and credit unions in Ohio by researching financial institutions operating within the state and comparing their deposit accounts, APYs, fees, minimum deposit requirements and customer satisfaction rankings. We also took their branch and ATM networks into consideration.
You possibly can read our full methodology here.