Best Banks in Kentucky in 2022 | Pricing, account types, min. To pay
If you reside in Kentucky and are looking for a good bank that you can use for your financial transactions, then today is your lucky day because Kentucky is home to some of the best banks.
More so, one of the steps to building wealth is having a good bank that encourages you to save by offering you a fair rate.
Indeed, when you have an emergency, it is the money you have saved over time that can help you solve it. After all, Waren Buffet said, “Don't keep what's left over after spending; spend what's left after saving.
With over 200 banks in Kentucky, choosing the best bank to hold your money, avoid unnecessary bank fees, get a loan, and even open a checking account can seem overwhelming.
Therefore, when choosing a bank, it is important that you know the interest rates of the banks, the types of accounts available and even the minimum deposits. These factors are very crucial and contribute to the ranking of the bank.
Conversely, if you have had a bad experience with your bank in the past, you can easily switch banks to one of those listed below.
So, browse through this article to discover the best banks in Kentucky suitable for your needs.
The table of contents below saves you time to read the article better.
What are the best banks in Kentucky?
Depending on your financial needs and goals, there are good banks in Kentucky that can meet your needs.
Also, the best option is to get a bank that offers all the services you need at a satisfactory rate instead of using different banks for different services.
Some of these top banks in Kentucky include online banks, traditional banks with few branches, and others with many branches.
So here are the best banks in Kentucky. Keep in mind that all of these banks are FDIC insured and the rates are on the savings account.
#1. American banks
Note: 0.01%APY
Account Type: Checking, Savings, Credit, CD
Minimum deposit: $25
The U.S. bank is the nation's fifth-largest bank with over 70,000 employees and $2019 billion in assets as of December 120. The bank has the largest number of bank branches in Kentucky with over 60 branches in 495 cities and towns across the Kentucky.
Founded in 1863, the American bank has grown into a major financial institution, giving you access to all the banking products you need, including loans. In fact, it is known as one of the best banks for loans with its low APR (annual percentage rate) of 3.09% per annum.
Likewise, the bank offers wealth management services and corporate banking options. It gives you the ability to invest in securities ranging from stocks to mutual funds .
Plus, you can manage your accounts while you travel. Wherever you are, you have access to several online banking features that allow you to write deposit checks, monitor account activity, pay bills and more.
Find out more by clicking the button below.
VISIT THE AMERICAN BANK
#2. Fifth Third Bank
Note: 0% APY
Account Type: Checking, Savings and CD
Minimum deposit: None
The fifth third bank is known as one of the best banks for checking accounts. The bank has a large footprint in Kentucky, operating in 38 different cities and towns with over 1,000 offices in 9 states.
In addition to traditional bank accounts (savings and checking), the bank also offers opportunities to purchase stocks, bonds or mutual funds. Also, the bank would not require you to keep a minimum balance.
Fifth Third Bank offers specialized checking accounts designed for several categories of people in society. This checking account ranges from Preferred Checks, Student Banking, Military Checks, and Fifth Third Express Banking.
The bank allows you to combine your current account with a savings or money account if you wish. However, it offers a low interest rate on savings.
To learn more about the Fifth Third Bank, click the button below.
VISIT THE FIFTH THIRD BANK
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#3. NCP Bank
Note: 0.01% APY
Account Type: Savings, Checking
Minimum deposit: $25
Another of the best banks in Kentucky is the PNC bank. This bank is perfect for small businesses and uses its wide range of services to make banking easier and more convenient.
The bank has an extensive network of operations, with more than 80 branches in 36 different cities and towns in Kentucky, and more than 2,000 offices in 21 states in the United States.
PNC bank offers good credit card options, student loan solutions, as well as a student banking option known as Virtual Wallet Student.
Plus, you can get free mobile deposit, online banking, SMS banking, money transfer, to name a few other banking tools. The bank also offers wealth management services to help you invest in the stock market.
However, the downside of this bank is that it has a low interest rate on savings accounts.
Learn more by clicking the button below.
VISIT THE PNC BANK
#4. Sync Bank
Note: 0.60% APY
Account type: IRA, money market account and savings account.
Minimum deposit: None
Customers who don't want to have to worry about using regular brick and mortar can decide to use Synchrony Bank. Synchrony bank is one of the best online banking system that offers high return on savings account.
The bank has made banking very easy by giving you access to manage your funds anytime and anywhere. You can decide to get their optional debit card which you can use for free at any ATM of your choice.
However, the downside is that there are no physical bank branches, so you do all your banking online, file complaints and receive responses online.
Discover this online bank by clicking on the button below.
VISIT SYNCHRONY BANK
#5. hunt
Note: 0.01%APY
Account Type: Chequing, Savings, and CD
Minimum deposit: $25
Chase, which operates as JP Morgan Chase Bank is a wholly owned subsidiary of JPMorgan Chase & Co. It is known as the largest bank in the United States with over 50 branches in 16 different cities and towns in Kentucky and operates across its more than 4,000 offices in 31 states across the United States.
Chase Online lets you manage your Chase accounts, view statements, monitor activity, pay bills or transfer funds securely from one central location. The bank is well known for its various credit cards.
The bank offers 27 rewards credit cards in total, categorized roughly into travel, business, cash back, no annual fee, airline and hotel. Each category is packed with benefits and can save you a lot of money if used well.
Find out more by clicking the button below.
HUNTING TOUR
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#6. Community Trust Bank
Note: 0.10%APY
Account Type: Checking, Savings, CD, IRA
Minimum deposit: $2500
Community Trust Bank is one of the banks that has been around for a long time. Founded in 1903, Community Trust Bank serves the people of Kentucky with simple and convenient banking tools through its more than 70 branches in 41 different cities and towns across Kentucky.
Throughout its 112 years in the banking industry, Community Trust Bank has provided excellent banking services. Its mobile banking option allows you to make financial transactions anywhere and anytime.
Learn more about Community Trust Bank by clicking the button below.
VISIT THE COMMUNITY TRUST BANK
#7. Citizens Bank
Note: 0.01%APY
Account Type: Savings, Checking and CD
Minimum deposit: $2500
Citizens Financial Group is one of the oldest and largest financial institutions in the country. Founded in 1828, the bank offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle market businesses, large corporations and institutions.
Additionally, Citizens Bank is a $132 billion commercial banking holding company, with over 1,500 branches, $3.9 trillion in assets, approximately 20,900 ATMs, and over 179 employees.
It also offers a wide range of services and solutions in the areas of consumer banking and commercial banking.
Find out more by clicking the button below.
VISIT THE CITIZENS' BANK
#8. Key bank
Note: 0.01% APY
Account type: Savings, checking, investment accounts.
Minimum deposit: $10
Another of the best banks in Kentucky is KeyBank. KeyBank is the principal subsidiary of KeyCorp, which was formed in 1994 by the merger of Society Corporation of Cleveland (“Society Bank”) and KeyCorp (“Old KeyCorp”) of Albany, New York. The merger briefly made Key the 10th largest U.S. bank.
As soon as you register for Key Bank's online banking, you have access to the "HelloWallet" functionality. This financial platform helps you manage your finances at a glance, saving you unnecessary expenses and saving more.
As the banking industry is booming, KeyBank has changed its banking services by providing technological tools through their platforms. You can pay bills, transfer money and more just by using the mobile app.
Discover more great features of KeyBank by clicking the button below.
VISIT KEYBANK
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#9. First financial bank
Note: 0.05% APY
Account Type: Savings, Chequing, Money Market Accounts, CDs
Minimum deposit: $1001
First Financial Bank is one of the oldest and largest banks in the country. Founded in 1863, it offers its clients top-notch banking services with a unique blend of high-level expertise.
The bank is a traditional brick-and-mortar bank, so you can expect a physical location, alongside many of its online banking services.
If you are looking for a stress-free bank, First Financial bank is the best choice for you because its basic checking account has no monthly fees.
First Financial Bank acquired MainSource Bank and manages $9 billion in assets and $7 billion in deposits, making it a big bank and one of the best banks in Kentucky.
Learn more about this bank by clicking on this button.
VISIT THE FIRST FINANCIAL BANK
#ten. Former National Bank
Note: 0.05%APY
Account type: Checking, savings, money market accounts and CDs
Minimum deposit: $50
The Old National Bank completes my list of the best banks in Kentucky. The bank is a regional bank with approximately 200 retail branches operated by Old National Bankcorp.
Also, Old National Bank is one of the largest financial banking holdings with assets of $20.5 billion. The bank offers cash management, leasing, debit cards, online banking and other electronically accessible banking services.
Through its partnerships with other subsidiaries, the bank provides various services, including investment advisory and wealth management, investment and brokerage, investment advisory, and insurance agency services.
Discover this bank by clicking on the button below.
VISIT THE FORMER NATIONAL BANK
Conclusion
Below is a summary of the best banks in Kentucky, along with their account types, minimum deposits, and APY savings rate.
Bank Savings APY Rate minimum deposit Types of accounts
U.S. Bank 0.01% $25 Cheque, savings, credit, CD
Fifth Third Bank 0% Any Checking, Savings and CDs
PNC Bank 0.01% $25 Savings, Verification
Sync Bank 0.60% Any IRA, money market account and savings account.
hunt 0.01% $25 Checking, Savings and CDs
Community Trust Bank 0.10% $2500 Checking, Savings, CDs, IRAs
Citizens Bank 0.01% $2500 Savings, checking and CDs
KeyBank 0.01% $10 Savings, checking, investment accounts.
First financial bank 0.05% $1001 Savings, Checks, Money Market Accounts, CDs
Former National Bank 0.05% $50 Savings, Checks, Money Market Accounts, CDs
best banks in kentucky
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