12 Best Banks in Alabama for 2025

With up to 3.80% APY on savings accounts and a 0.50% APY on checking accounts, your savings will grow quickly. Customers can earn bonuses ranging from $50 to $300 depending on their direct deposit amounts.

There are no monthly fees with SoFi, and it offers no-fee overdraft coverage up to $50 with qualifying direct deposits.

Additionally, you can enjoy free access to over 55,000 ATMs worldwide thanks to the Allpoint® Network. Plus, SoFi safeguards your deposits with robust FDIC insurance up to $2M, offering added peace of mind.

NFCU offers numerous advantages for military members and their families. They offer free checking and savings accounts with higher than average interest rates that vary based on account type and balance.

Plus you’ll get access to $30,000 free ATMs across Alabama and the U.S. as well as international branches in places like Cuba, Korea, Italy, and Japan.

Other benefits of Navy Federal Credit Union include loan options, like mortgage banking services and vehicle loans, as well as a convenient mobile app for banking on the go. Navy Federal is one of the top credit unions in the state.

You can also earn up to 2% cash back on eligible debit card purchases, making it a rewarding choice for everyday spending.

The Rewards Checking Plus account includes early direct deposit, giving you faster access to your paycheck—up to two days ahead of schedule.

For those who use cash regularly, Upgrade gives you access to more than 55,000 fee-free ATMs through the Allpoint® network, including locations like Walgreens and CVS.

Through its partnership with Cross River Bank, all deposits are FDIC insured up to $250,000.

Branches are located throughout the region, including in Eclectic, Holtville, Millbrook, Prattville, Tallassee, and Wetumpka.

The bank provides both free and interest-bearing checking accounts, along with multiple savings options. Most accounts require a $100 opening deposit.

Monthly fees are easy to avoid by maintaining a $2,500 balance. First Community Bank also offers small business accounts, mortgage loans, and wealth management services.

Customers benefit from free cashier’s checks and the comfort of banking with a community-focused institution that understands local financial needs.

In addition to traditional products like checking accounts and savings accounts with low monthly maintenance fees, it offers various education loans that can make your education more affordable.

There’s also a Virtual Student Wallet, which you may use to manage all your accounts in one place. In addition, PNC Bank will give you a grace period before you have to pay overdraft fees.

Note that there is one PNC branch in Selma, Alabama, but online and mobile banking is available. You may also access more than 60,000 fee-free ATMs throughout the U.S.

Customers benefit from fee-free access to Regions ATMs statewide.

The bank’s checking and savings accounts come with optional rewards programs, and it offers CDs with terms ranging from 7 to 72 months and a $500 minimum deposit.

For those interested in investing, Regions provides access to InvestPath—a digital investing platform backed by its in-house advisory team.

Additional tools like My GreenInsights help you budget, track spending, and set financial goals. Regions also offers a range of credit cards with cash back, travel rewards, and merchandise options.

It offers a solid mix of personal banking products without many of the typical fees.

Its basic checking and savings accounts come with no monthly fees and no minimum balance requirements. If you set up direct deposit, you may qualify for cash rewards.

The bank also offers a money market account with a competitive rate, though it requires a $2,000 minimum deposit.

For savers looking to earn more, Valley National Bank’s CDs are worth considering. Longer terms generally offer better yields, making them a strong option for customers focused on long-term growth.

The bank offers just about every financial service you can think of, such as checking accounts, savings accounts, CDs, credit cards, personal loans, and wealth management services. Business checking accounts and business loans are available as well.

While some accounts do come with monthly maintenance fees, they’re easy to waive. All you have to do is meet certain minimum balance requirements.

Wells Fargo also offers other perks, like bonuses for opening certain accounts, credit score monitoring, and mobile banking apps with easy transfers, mobile deposit, account alerts, and more.

Headquartered in Cullman, its range of products include a basic savings account, checking accounts, money market accounts, certificates of deposit, loans, lines of credit, and more.

The myEasyAdvisor program is an automated program that offers personalized financial advice to help you improve your finances.

You can find local branches and ATMs in four different regions in Alabama, including the Central region, Coosa Valley region, Metro Central region, and the Tennessee Valley region.

Membership is open to those affiliated with government agencies, the military, or one of over 1,500 participating organizations and employers.

Redstone offers a full suite of financial products, including checking, savings, money market accounts, CDs, personal loans, mortgages, and credit cards.

The Brighter Day savings account stands out, offering 3.03% APY on balances up to $2,500 and 0.45% APY on amounts above that.

Members can also benefit from the Redstone Visa Signature credit card, which delivers up to 5% cash back on dining and gas, 3% on groceries, discount stores, and utilities, and 1.5% on everything else.

Its personal banking services include checking accounts, savings accounts, debit cards, traditional credit cards, secured credit cards, CDs, IRAs, and other deposit accounts.

The bank also offers business banking and bank properties for sale. One of its most noteworthy perks is Overdraft Privilege, which allows you to overdraft your account up to a certain amount so you can cover a transaction.

Cities with branch locations include Birmingham, Foley, Huntsville, Mobile, and Tuscaloosa.

The bank blends hometown service with modern convenience by offering online and mobile banking, allowing you to manage your accounts anytime.

One of its most accessible products is the Basic Savings Account, which requires just $100 to open and includes six free withdrawals per month.

Bryant Bank also offers a range of checking accounts, CDs, money market options, and loans—including personal lending and credit cards—making it a reliable option for everyday banking in Alabama.