Banking » Compare Banks » Best Banks In North Carolina For 2024
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Best Banks In North Carolina For 2024

Explore the finest North Carolina banks offering great customer service, interest on checking, high savings rates, and widespread branches.
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: April 15, 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: April 15, 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 living in North Carolina and searching for the best bank, you have numerous options to choose from. There are plenty of choices, ranging from small local banks to larger ones that serve wider areas, including national banks, and the convenience of online banks.

To find the perfect bank, we took a close look at several crucial factors. We considered the number of physical branches they have, the range of products they offer, the interest rates they provide for deposits, the quality of their online banking services, and the level of customer service and support they offer.

Best North Carolina Regional Banks

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

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

0.01%

Savings APY

0.01%

CDs APY

4.00% – 4.50%

Truist Bank, formed from the merger of BB&T and SunTrust in 2019, is a leading financial institution offering a diverse range of financial solutions for both individuals and businesses. With over 270 branches spread across 165 cities in North Carolina, Truist ensures convenient accessibility to its customers nationwide.

Their services include various account options such as savings and checking accounts, CDs, and a money market account. Additionally, they provide around 3,000 ATMs with low fees that are easy to avoid.

Truist Mobile Check Deposit
(Screenshot from Truist Bank app)

However, it's important to note that while Truist Bank offers widespread accessibility and convenience, the interest rates on their savings and money market accounts may not be as competitive as other alternatives available in the market. Therefore, it may be prudent to explore other options when managing your savings.

First Citizens Bank

First Citizens Bank
First Citizens Bank

First Citizen Bank

Checking Fees

$0 – $25

Money Market APY

0.05% – 0.15%

Savings APY

0.10%

CDs APY

0.01% – 5.00%

At First Citizens Bank, you'll find a wide variety of checking and savings accounts tailored to suit your needs, with options ranging from free accounts to interest-earning ones, all accompanied by unique benefits.

Moreover, the bank offers an impressive array of banking products, including special CDs that come with flexible terms. Boasting an extensive network, they have over 190 branches spread across 120 cities in North Carolina, ensuring convenient access for their customers. The highly-rated mobile app available for iOS and Android has been praised by users for its functionality and ease of use.

However, some customers have noted that the yields on CDs, savings, and money market accounts are not as competitive as they would like. Additionally, certain account holders may encounter challenges in waiving monthly service fees, and those with savings accounts are limited to two free withdrawals or transfers per month.

First Horizon Bank

First Horizon Bank logo
First Horizon Bank logo

First Horizon Bank

Checking Fees

$0 – $25

Money Market APY

0.50% – 1.00%

Savings APY

0.30%

CDs APY

0.05% – 0.10%

First Horizon Bank is a regional bank that serves people in North Carolina through almost 20 branches in 10 cities. However, it has fewer branches compared to other banks in our list.

They have many personal banking products like checking, savings, money market accounts, and CDs. Some of these accounts have monthly fees, but there are ways to avoid them. They also offer other services like auto loans, mortgage loans, and credit cards.

If you live in North Carolina and want a bank with flexible checking options and don't need a lot of money to start, First Horizon could be a good choice. But if you want higher interest rates for your savings or prefer accounts without fees, you might want to look at other banks.

Top Offers From Our Partners

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 7/24/2024
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:
$300 Use Promo Code “AXOS300” for a $300 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).

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.

Promotion:
Up to $4,000 New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 and complete qualifying activities:

• Receive a cash bonus of $1,500 when you deposit or invest $100,000 – $199,999.99

• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

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 7/24/2024
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:
$300 Use Promo Code “AXOS300” for a $300 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).

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.

Promotion:
Up to $4,000 New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 and complete qualifying activities:

• Receive a cash bonus of $1,500 when you deposit or invest $100,000 – $199,999.99

• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

Best North Carolina National Banks

We conducted a thorough analysis of numerous top banks in North Carolina, meticulously comparing their critical attributes.

Our research commenced with an examination of the distribution and geographical reach of their branches. Additionally, we scrupulously scrutinized the wide array of products and services they provide. 

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% – 5.00%

Bank of America stands as a prominent American financial institutionץ. With a presence of over 100 branches spread across 50 cities in North Carolina, customers can easily access a nearby branch.

The bank presents the convenience of both in-person and online banking options, ensuring smooth transactions for its clientele. Moreover, it frequently offers attractive promotions for checking accounts and provides competitive rates on promotional CDs, making their credit card rewards program alluring to cardholders.

BofA checking cash flow chart
BofA checking cash flow chart (Screenshot from Bank Of America app)

Despite these advantages, there are some aspects to consider. Bank of America imposes fees, including overdraft fees, which might not be ideal for those seeking fee-free alternatives.  Additionally, the interest rates on their savings accounts and certain loans may not be as competitive as those offered by other institutions.

PNC Bank

PNC bank logo
PNC bank logo

PNC Bank

Checking Fees

$0 – $5

Money Market APY

0.02% – 1.25%

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%

PNC Bank operates approximately 100 branches across 70 cities in North Carolina, providing accessible banking services through their Virtual Wallet Spend checking account, which offers convenient mobile and online banking with no bill payment fees. They also offer partial reimbursement for non-PNC ATM fees, although ATM owners may still impose separate charges.

The bank boasts several appealing features, such as a competitive interest rate for their online-only savings account, although availability may be restricted to specific states. Moreover, customers gain access to around 60,000 ATMs without incurring any fees.

However, there are some drawbacks to consider. PNC Bank imposes a relatively high overdraft fee of $36, one of the highest in the country. Opening a Certificate of Deposit (CD) mandates an in-person visit to a branch. Additionally, certain accounts may incur monthly fees, but these can be avoided by fulfilling specific requirements.

Wells Fargo Bank

Wells_Fargo-Logo
Wells_Fargo-Logo

Wells Fargo Bank

Checking Fees

$0 – $5

Promotion

0.02% – 1.25%

Savings APY

0.26% – 2.51%

CDs APY

4.75%- 5.01%

Wells Fargo is one of the biggest bank in the US, with over 200 branches spread across 95 cities in North Carolina. They offer lots of different financial products and have ATMs all around for easy access.

People really like their checking account because they don't charge you if you don't have enough money, and their customer service is available 24/7 if you need help. They also have ATMs all over the country that you can use for free, and they can get your direct deposits to you early.

Wells Fargo overdraft protection
Add/change overdraft protection (Screenshot from Wells Fargo app)

Best North Carolina Online Banks

When we were looking for online banks in North Carolina, we mainly focused on comparing how much interest they offer for savings accounts and CDs. We also wanted to find out if these banks offer other services like checking accounts, loans, credit cards, and mortgages.

Discover Bank

discover logo
discover logo

Discover Bank

Checking Fees

$0

Money Market APY

4.00% – 4.05%

Savings APY

4.25%

CDs APY

2.00% – 4.70%

Discover Bank is a well-liked online bank that provides different financial services like savings accounts, credit cards, personal loans, and student loans. Unlike regular banks with physical branches, it operates entirely on the internet. To make up for this, they give customers access to a huge network of over 415,000 ATMs all over the country.

They have some awesome perks for their customers. You can use over 60,000 ATMs without paying extra fees, get money back on debit card purchases, apply to one of the Discover credit cards,  and avoid monthly maintenance, insufficient funds, and overdraft fees. They also offer competitive interest rates on savings and CD accounts.

discover bank checking
Discover bank checking (Screenshot from discover.com)

The downside is that they don't have physical branches for face-to-face banking. So, if you prefer dealing with bank staff in person, this might not be the best choice for you. Also, if you often use ATMs from other banks, Discover won't cover the fees, which could result in extra costs for you.

CIT Bank

CIT-Bank-Logo
CIT-Bank-Logo

CIT Bank

Checking Fees

$0

Money Market APY

1.55%

Savings APY

5.00%

CDs APY

0.30% – 3.50%

CIT Bank is an online bank that offers lots of financial products and services. They have different types of accounts like savings, checking, money market, and CDs. The best part is that they give really good interest rates on savings, and CIT CDs offer a variety of options, including no-penalty CDs.

Another great thing about CIT Bank is that they don't charge any monthly fees, so you won't have to pay extra just to keep your account. This makes it perfect for people who want to save money and do their banking without any hassles.

Keep in mind, though, that CIT Bank doesn't have physical branches, so you'll do all your banking online or at ATMs. If you like the idea of easy banking, earning more with high interest rates, and no fees, then CIT Bank is a great choice for you.

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FAQs

As of 2024, North Carolina is dominated by Truist Bank, Wells Fargo Bank, and First Citizens Bank, with each of them operating an extensive network of over 200 branches.

Picking the top bank in North Carolina depends on your needs – in-person service, high savings and CD rates, or no-fee checking accounts. Take a look at our suggested banks above, each with its specialty.

North Carolina's best CD rates change depending on the term. Some banks excel with 1-year rates, while others shine with 6-month rates. Explore our North Carolina top CD offers and compare them with credit unions.

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

Best Bank In North Carolina: Research Methodology

The Smart Investor team conducted an extensive review to identify the best banks in North Carolina. 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 North Carolina 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
Minimum Deposit:
$0
 
CIT-Bank-Logo
Savings Rate: 5.00% APY
Minimum Deposit:
$5,000
Quontic bank logo
Savings Rate: 4.50% APY
Minimum Deposit:
$100
 
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

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 7/24/2024
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:
$300 Use Promo Code “AXOS300” for a $300 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).

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.

penfed personal loan

APY on Daily Balances
0.15% APY on daily balances of less than $20,000 or 0.35% APY on daily balances of $20,000 up to $50,000
Get paid up to 2 days early
Set up direct deposits and get your paycheck up to 2 days early

Promotion:
Up to $4,000 New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 and complete qualifying activities:

• Receive a cash bonus of $1,500 when you deposit or invest $100,000 – $199,999.99

• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

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