The best banks and credit unions for military members and their families, February 2021February 1, 2021
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The best banks and credit unions for military members and their families
We’ve provided an overview of our favorite banks and credit unions for military members and families here. Scroll down to read our breakdown of each institution’s pros and cons.
|Bank||Savings APY||Why we like it||Next steps|
|0.05% to 0.35% APY||Strong digital banking||Learn more|
|0.25% to 0.40% APY||Branch locations||Learn more|
|0.55% APY||Account interest rates||Learn more|
|0.05% APY||Partners with other credit unions for more branches||Learn more|
|0.25% to 5.00% APY||Discounts on loans||Learn more|
|0.01% to 0.05% APY||Debt forgiveness||Learn more|
A good military bank should make it easy for you to access your money, loans, and investments from wherever you are in the world. It should also provide special incentives for military members and families, such as discounted loans or high interest rates on bank accounts.
Learn more about our top picks for banks and credit unions for military members and their families. Each one is federally insured to keep your money safe, and has competitive perks for the military.
Our expert panel for this guide
We consulted banking and financial planning experts — including Tania Brown, a veteran of the US Army — to inform these picks and provide their advice on finding the best bank accounts for your needs. You can read their insights at the bottom of this post.
We’re focusing on what will make a bank most useful for military families, including branch and ATM locations, savings rates, variety of military products, and more.
Learn more about our top picks
USAA Classic Checking Account
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