As the Federal Reserve raises interest rates, which tend to cause depository rates to rise as well, consumers are also winners. - Jason Reposa, CEO of MyBankTracker
Brooklyn, NY (PRWEB) April 24, 2017
MyBankTracker announced the winners of its quarterly Bank Awards and Best Product Awards for the second quarter of 2017. The awards recognize the various financial institutions and products that deliver the most benefits without charging high fees.
"The top-rated banks won awards for offering high depository rates, convenience, and friendly fee policies that are unmatched by the competition," said Jason Reposa, CEO of MyBankTracker.com. "As the Federal Reserve raises interest rates, which tend to cause depository rates rise as well, consumers are also winners."
With these awards, MyBankTracker aims to help consumers identify the best options to consider for their money.
The Bank Awards are given to the best financial institutions in the U.S. across seven major categories. For example, Chase Bank was named the winner in the National Bank category and Ally Bank received the honor of Best Online Bank. Also, Alliant Credit Union won the award for the Best Credit Union.
See the full list of Bank Awards winners and why they won:
The Product Awards recognize the best financial products in the U.S. across 11 categories. These categories cover checking accounts, savings accounts, and certificates of deposit (CDs). Winners for offering the best checking accounts include Radius Bank, Alliant Credit Union, and more. Winners for having the top savings accounts include Popular Direct, Ally Bank, Capital One 360, American Express, among others. Finally, winners for the best CDs include Melrose Credit Union, Synchrony Bank, CIT Bank, and more.
See the full list of Best Savings Accounts:
See the full list of Best Checking Accounts:
See the full list of Best CDs:
You can find out more about the methodology behind these awards at: