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Best Banks In Milwaukee

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Finding the Best Banks in Milwaukee

When looking at the banks with the most branches in the Milwaukee area, regional banks dominate the list. A few big banks come in at the top, with the resources to maintain a larger number of bank branches, so this offers a bit more convenience. However, the smaller banks still maintain great numbers and even better rates and fee structures than their big counterparts. 

Bank APY Minimum Deposit Highlights
BMO Harris Bank National Association BMO Harris Bank National Association logo Read More 0.05% $100
  • Best National Bank
  • More than 70 branches in Milwaukee area 
Tri City National Bank Tri City National Bank logo Read More 0.02% $100
  • Best Regional Bank
  • Variety of accounts to choose from 
Wintrust Bank Wintrust Bank logo Read More 0.15% $0
  • Best Customer Service
  • Good interest rates
BMO Harris Bank National Association BMO Harris Bank National Association logo Read More 0% $25
  • Best Free Checking Account
  • Low opening deposit requirement
Associated Bank Associated Bank logo Read More 0.15% $100
  • Best High-Yield Checking Account
  • Best rates in the area 
North Shore Bank North Shore Bank logo Read More 0.15% $0
  • Best Savings Account
  • No minimum to open 
U.S. Bank U.S. Bank logo Read More 0% $25
  • Best for Students
  • No monthly fee

How We Determined the Best Banks in Milwaukee

To determine the best banks in Milwaukee, SmartAsset looked at the banks with the top 15 most branches in the Milwaukee area. This ensures that our top picks offer a convenient physical presence for residents who may want to have checking accounts, savings accounts or other accounts at these institutions. We explored each bank’s account offerings, fees, rates and more. Comparing this information led to the following list of the best accounts and banks in Milwaukee. 

Best National Bank: BMO Harris Bank

BMO Harris Bank

For the easiest physical access to your accounts, you’ll want to turn to BMO Harris Bank. It provides residents with the biggest number of branches with 71 total in the area. You can find around 600 more branches throughout Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona and Florida. Plus, in addition to BMO Harris ATMs, you’ll have access to more than 40,000 Allpoint Network ATMs. 

BMO Harris offers a great range of bank accounts from a simple savings account to retirement-specific deposit accounts. You’ll also find that BMO Harris offers credit cards, mortgages, loans and more, becoming a true full-service bank. Unfortunately, the bank’s deposit accounts don’t earn at the best interest rates. Its savings account earns at one of the lowest rates (although better than some other big banks). The bank’s CD rates are the best it can offer, with longer-term accounts earning the highest rates.

Best Regional Bank: Tri City National Bank

Tri City National Bank

The top 5 biggest bank presences in Milwaukee are largely big banks like BMO Harris. However, the bank with the fifth-most branches is the more regional Tri City National Bank. The bank has 30 branches in the Milwaukee area. You can also access the bank and your accounts online, via email and over a 24 hour automated phone system. 

Tri City National Bank has some pretty standard account offerings. You can run into relatively high minimum deposit amounts. Its deposit rates are relatively unremarkable, although they do outperform the rates big banks offer. 

Best Customer Service: Wintrust Community Bank

Wintrust Bank

Wintrust Community Bank offers some of the best customer service in the Midwest, according to a recent customer satisfaction survey. For starters, the bank prides itself on its strong focus on community, getting to know customers by name and investing in local businesses. You can find over 150 locations in southern Wisconsin, Chicago and northwest Indiana. As part of its online offerings, you can contact your nearest branch and/or submit a question or provide any feedback. 

In terms of accounts, Wintrust has a range of offering. You can find fee-free checking accounts, a Cubs or White Sox checking account, wealth management and more. Plus its accounts have some pretty solid interest rates that will allow your balances to grow and stay safe.

Best Free Checking Account: BMO Harris Smart Advantage Account

BMO Harris Bank

Milwaukee residents will want to turn to the area’s best national bank, BMO Harris, for the best free checking account in the area. The BMO Harris Smart Advantage checking account doesn’t charge a monthly service fee at all. There is a $3 fee if you want to stick to old-school paper statements, which you can easily avoid by going paperless. 

You’ll need to make at least a $25 deposit to open this account, which is a pretty standard opening deposit requirement. 

Best High-Yield Checking Account: Associated Bank Elite Checking

Associated Bank

For the best interest-earning checking account from a bank with branches in Milwaukee, turn to Associate Bank’s Elite Checking account. You’ll need at least $100 to open the account. Any balance can earn interest, although higher balances will earn at better rates. Balances below $25,000 will earn at 0.05% APY, balances from $25,000 to $250,000 will earn at 0.10% APY and any balances over that will earn 0.15% APY. 

This account includes a number of other great perks like waived overdraft transfer fees, unlimited transactions at foreign ATMs, up to four linked savings accounts allowed, free travelers cheques, money orders and more. The account also has the opportunity to earn Cash Back Perks with your Associated Bank debit card. 

Best Savings Account: North Shore Bank High-Yield Savings Account


For high-yield savings, check out North Shore Bank’s High-Yield Savings account. Unlike many small bank savings accounts with high rates, this North Shore account doesn’t require a minimum deposit to open. There is a relatively high monthly service fee of $15, although you can waive this by maintaining an account balance of at least $1,000. 

Luckily, you can earn at 0.15% APY no matter your balance. 

Best for Students: U.S. Bank Student Checking

U.S. Bank

As a college student, chances are you’re doing a lot of traveling, whether for fun or just going back and forth between home and school. In that case, you’ll want a bank that offers widespread physical access to your accounts. In Milwaukee, you’ll find 54 U.S. Bank branches throughout the area. On a wider scale, the bank has branches in 26 states and over 5,000 throughout the country. 

The simple U.S. Bank Student Checking account requires only $25 to open. There technically is no monthly fee, although if a student wants to keep it old school, there’s a $2 fee for paper statements. Be sure to compare this account with the best savings accounts for students.

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