Finding the Best Banks in Nebraska
Nebraska houses a handful of banks from national household names to regional institutions. Nonetheless, finding the right bank to work with can be a challenge. But don't fret. Our banking experts did the hard work for you and created a list of the best banks in Nebraska.
|Wells Fargo Read More||0.01%||$25|| |
|Pinnacle Bank Read More||0.23%||$100|| |
|First National Bank of Omaha Read More||0.10%||$0|| |
|Great Western Bank Read More||0%||$50|| |
|Ally Bank Read More||2.20%||$0|| |
|U.S. Bank Read More||0%||$25|| |
|Wells Fargo Read More||0.01%||$25|| |
How We Determine the Best Banks in Nebraska
SmartAsset banking experts bring you the best banks in Nebraska after analyzing data behind the biggest banks in the state. We then dug deeper into how each sizes up in terms of product versatility, overall fee structure, interest rates and more. We zeroed in on features like the best savings accounts and free checking accounts. The outcome was a list of seven banks that each stand out for a particular benefit. So read on to learn about why these are the best banks in Nebraska.
Best National Bank: Wells Fargo
Wells Fargo stands as one of the biggest and oldest financial institutions in the United States. Nebraska alone is home to 40 branches. And its residents can find just about any financial product and loan they can think of there.
Wells Fargo offers everything from checking and savings accounts to investments like mutual funds and individual retirement accounts (IRAs).
So whatever you’re interested in, you can find it here. In addition, Wells Fargo also gives its clients access to one of the best mobile banking apps we’ve analyzed. It allows you to use your mobile phone to withdraw funds from an ATM without the use of your card.
Investors can also use the app to trade stocks, access real-time market data, monitor their investments and more.
Best Regional Bank: Pinnacle Bank
Pinnacle Bank is a regional financial institution that operates more than 70 locations out of Nebraska, Kansas and Missouri. But despite its small geographic footprint, Pinnacle offers a diverse suite of banking products, loan options and investments.
You can open everything from a basic checking and savings account to an IRA and health savings account (HSA). The latter option allows you to save money for future medical expenses, while enjoying unique tax benefits. You can also apply for home and auto loans.
Noetheless, the bank stands out for its certificates of deposit (CD). Longer term options carry some of the best CD rates we’ve seen. Overall, any Nebraska resident from someone looking for their first checking account to someone seeking wealth management advice can feel at home at Pinnacle Bank.
Best for Customer Service: First National Bank of Omaha
J.D. Power rated First Bank of Omaha as the top bank in the Midwest following its 13th annual U.S. Retail Banking Satisfaction Study. The firm conducted published its report after gathering thousands of responses from customers across the nation. Researchers questioned them about several aspects of the customer service experience including problem resolution, advice and fees.
In the end, First Bank of Omaha and only a handful of others made the cut. And you have access to its award-winning customer service team through several channels. These include more than 100 physical branches, email and even Twitter. The bank’s website also contains a detailed F&Q section you can visit before picking up the phone or making a trip to the bank.
Best Free Checking Accounts: Great Western Bank
Nebraskans searching for a simple, no-frills checking account should check out Great Western Bank. They can open a free checking account with no monthly service fee and no minimum balance requirement with $50.
In addition, they can access this account via more than 25,000 fee-free ATMs. Plus, they’ll still have access to Great Western Bank’s online and mobile banking features.
Best Online Savings Account: Ally Bank
Across the board, the biggest banks in Nebraska don’t offer the best savings accounts with the highest rates. However, you don’t need to live in the state to open an online savings account. So if you’re comfortable with doing all of your banking online and reaching customer service through the phone if you need it, Ally Bank is a great place to park your savings.
The online-only financial institution currently offers a savings account generating a 2.00% APY. That figure shatters the national average, and Ally Bank compounds interest on a daily basis.
While most banks require you to maintain large minimum balances to earn high interest rates, Ally Bank doesn’t impose any minimum balance requirement at all. Plus, you can open this online savings account with as much or as little as you’d like.
Ally also makes it easy to move money into your account. Your options include the following:
- Mobile check deposit
- Direct deposit
- Wire transfer
- Paper check
- Online transfer from another financial institution
In addition, you also have fairly easy access to your account. You can withdraw money through the following channels:
- Online transfer
- Wire transfer
- Telephone transfer
- Check request
However, you won’t get a debit card linked to this account, so you can’t access your money via ATM.
Best Bank for Students: U.S. Bank
U.S. Bank offers a very student-friendly checking option. You can open one with just $25. Afterward, you won’t have to worry about a monthly service fee eating away at your funds. There is no minimum balance requirement either.
Plus, you’d get fee-free access to U.S. Bank ATMs as well as thousands of other machines in the national MoneyPass network. In addition, U.S. Bank will waive one of its own non-network-ATM fees every month.
Best Mobile App: Wells Fargo
In the modern world of mobile banking, most of the big banks offer the basics. You’ve got mobile check deposit, bill pay, seamless money transfer and account review. But Wells Fargo’s app goes further.
With the Wells Fargo app, you can access more than 13,000 ATMs throughout the country using just your phone. No card required. And if you lose your card, you can replace it directly from the app. So no need to even visit a branch in case of emergency.
And unlike several banking apps, you can use the Wells Fargo app to monitor your investments. You can even open orders for Wells Fargo Advisors and WellsTrade accounts. And to guide you through your investment decision making, the app provides real-time market data, quotes and news.
Tips on Saving
- If you did not find a savings account option you’re interested in, you don’t have to be a resident of Nebraska to open an online high-yield savings account.
- These days, several banks allow you to open IRAs and even HSAs. And while these accounts are extremely beneficial, they can come with some risk. You’d have to follow some rules to get most of the tax benefits and none of the penalties. When investing in these options, it’s best to do it with the guidance of a financial advisor. If you’d like to work with one, you can use our SmartAsset financial advisor matching tool. It links you with up to three financial advisors in your area who can help.