2022 Newsweek Most Trusted Bank (2024)

FAQs

What is the most trusted bank in America Newsweek? ›

Last week Newsweek recognized Texas Capital Bank as the most trusted bank in America, based on a first-of-its kind survey Newsweek conducted with market research firm Statista.

Following one of the most successful years in United's long history, United Bank has been named the Most Trustworthy Bank in America by Newsweek for 2023.

Among the safest US banks, according to Global Finance's November 2022 rankings, are AgriBank, US Bank, CoBank, AgFirst Bank, and Farm Credit Bank of Texas, primarily for those in the agricultural sector.

JP Morgan Private Bank

“J.P. Morgan Private Bank is the more elite program serving ultra-high-net-worth individuals,” Naghibi said. “It offers comprehensive services in savings, checking and retirement account management. But, more than anything, it gives clients access to their bank and team with a concierge feel.”

Your money is safe at Capital One

Capital One, N.A., is a member of the Federal Deposit Insurance Corporation (FDIC), an independent federal agency. The FDIC insures balances up to $250,000 held in various types of consumer and business deposit accounts.

JPMorgan Chase (JPM)

The inclusion of JPMorgan Chase (NYSE:JPM) as one of the bank stocks least likely to fail shouldn't surprise anyone.

What bank do millionaires use the most? ›

1. JP MORGAN PRIVATE BANK. JP Morgan is named the world's best private bank by Euromoney magazine, the leading authority for the world's banking and financial markets. JP Morgan Private Bank is especially known for their investment services, which makes them a great option for those with a lot of money in their account ...

All types of deposits held at Wells Fargo Bank are covered by FDIC insurance including the following examples: Checking Accounts. Savings Accounts.

Wells Fargo, along with thousands of other financial institutions, is FDIC-insured. FDIC insurance limits cap at $250,000.

Bank of America, Citibank, and HSBC, among others, have created accounts that come with special perquisites for the ultrarich, such as personal bankers, waived fees, and the option of placing trades. The ultrarich are considered to be those with more than $30 million in assets.

Generally, credit unions are viewed as safer than banks, although deposits at both types of financial institutions are usually insured at the same dollar amounts. The FDIC insures deposits at most banks, and the NCUA insures deposits at most credit unions.

Those placed on review for downgrade are giants: BNY Mellon, Northern Trust, State Street, Cullen/Frost Bankers, Truist Financial and US Bancorp. It has been five months since the collapse of Silicon Valley Bank, the Bay area bank well-known for its services tailored to the venture capital industry.