12 Best Banks in Louisiana for 2023

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Which of the best banks in Louisiana do you bank with? Our list includes everything you need to know about banks in Louisiana that help you manage your money better.

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Most of us are familiar with banking online and through a mobile app. But did you know mobile app fraud transactions have increased by over 600% since 2015? 

Fraud is one of the best reasons to find and stick with a reputable bank. FDIC insurance can also protect your account, so you don’t have to add money to your list of worries. 

You can also lay worries about finding the best banks in Louisiana to rest. Our list below includes several you can use to bank better in the Pelican State.

The best banks offer several ways to manage your money, from checking and savings accounts to money market accounts, CDs, IRAs, and HSAs. Like a good jambalaya recipe, the best accounts comprise several tasty and rewarding ingredients. 

Are you ready to learn more about the best banks in Louisiana? Let’s get started! 

12 Best Banks in Louisiana

Louisiana is home to some of the best national banks, but sometimes the smaller community banks offer a premium experience. After all, when everyone in the bank knows you personally, it can make managing your money much more effortless.

Checking Accounts

Best for liability protection
Best for cashback rewards
Best for APY
Best for mobile banking
Best for building credit
MMG Rating:
5.0
MMG Rating:
5.0
MMG Rating:
4.5
MMG Rating:
3.9
MMG Rating:
4.5
Monthly fee: $12
Monthly fee: $0
Monthly fee: $0
Monthly fee: $0
Monthly fee: $0
  • Bonus: $300
  • APY: N/A
  • Bonus: $300
  • APY: 3.30%
  • Bonus: $250
  • APY: 4.60%
  • Bonus: N/A
  • APY: 0.10%
  • Bonus: N/A
  • APY: N/A
Best for liability protection
MMG Rating:
5.0
Monthly fee: $12
  • Bonus: $300
  • APY: N/A
Best for cashback rewards
MMG Rating:
5.0
Monthly fee: $0
  • Bonus: $300
  • APY: 3.30%
Best for APY
MMG Rating:
4.5
Monthly fee: $0
  • Bonus: $250
  • APY: 4.60%
Best for mobile banking
MMG Rating:
3.9
Monthly fee: $0
  • Bonus: N/A
  • APY: 0.10%
Best for building credit
MMG Rating:
4.5
Monthly fee: $0
  • Bonus: N/A
  • APY: N/A

Savings Accounts

Best for large balances
No monthly fees
Offers welcome bonus
Ease of use
No balance req.
APY: 5.05%
APY: 4.65%
APY: 4.60%
APY: 4.50%
APY: 4.40%
Minimum to Earn APY: $5,000
Minimum to Earn APY: $100
Minimum to Earn APY: $1
Minimum to Earn APY: $100
Minimum to Earn APY: $0
Bonus: N/A
Bonus: N/A
Bonus: $300
Bonus: N/A
Bonus: N/A
Best for large balances
APY: 5.05%
Minimum to Earn APY: $5,000
Bonus: N/A
No monthly fees
APY: 4.65%
Minimum to Earn APY: $100
Bonus: N/A
Offers welcome bonus
APY: 4.60%
Minimum to Earn APY: $1
Bonus: $300
Ease of use
APY: 4.50%
Minimum to Earn APY: $100
Bonus: N/A
No balance req.
APY: 4.40%
Minimum to Earn APY: $0
Bonus: N/A

1. Bank of Montgomery

Unlike the largest banks in the U.S., Bank of Montgomery offers personalized services to local Louisiana residents. Bank of Montgomery has locations in Montgomery, Alexandria, and Natchitoches. 

You can choose from seven checking accounts at this Louisiana bank. Most people opt for the Economy Checking account because it offers numerous perks for the price (or lack thereof). 

This Economy Checking account requires a $100 initial deposit and a minimum balance of $500. If you let the account balance fall below $500, you must pay a $7.50 monthly fee. 

Bank of Montgomery checking accounts come with unlimited check writing. You can also check your balance by logging in online or through the mobile app. 

2. Community Bank of Louisiana

Community Bank of Louisiana is a trusted financial institution with a strong presence in the state. The bank is committed to serving its customers and offers various checking accounts to meet different needs. 

One of the bank's notable checking account options is the Traditional Checking Account, which provides essential banking services. While it has a $7 monthly fee for accounts falling below $1,000, customers can waive this fee by keeping their account open for five or more years, regardless of their balance. This feature demonstrates the bank's dedication to long-term relationships with its customers.

The bank proudly operates eight convenient locations across Logansport, Bossier City, Mansfield, Gloster, Stonewall, and Shreveport, making it easily accessible for residents. Customers of the Community Bank of Louisiana can expect personalized service and a range of financial solutions to meet their individual goals. 

3. Concordia Bank & Trust Company 

Concordia Bank & Trust Company was established in 1903. With nine locations, including its headquarters in Vidalia, the bank offers convenient access to its services for residents in the area.

This Louisiana bank provides customers with two savings account options, one of which is the Blue Chip savings account. This account offers competitive interest rates with quarterly compounding. 

Customers are required to make a minimum deposit of $100 to open a Blue Chip Savings account. Additionally, to avoid a quarterly fee of $9, a minimum balance of $300 must be maintained.

One of the bank's standout features is its commitment to providing fee-free services for specific customer groups. Account holders under 18, students up to 25, and individuals over 63 are exempt from these fees. 

4. Crescent Bank 

Crescent Bank, headquartered in the vibrant city of New Orleans, is a reputable financial institution serving customers in three convenient locations. The bank offers various services, including savings accounts tailored to you. 

Customers must make a $100 minimum deposit to open a Crescent Bank savings account. To avoid a monthly fee of $3, you must maintain a $200 minimum daily balance. 

Crescent Bank provides the added convenience of opening a Jumbo Savings account online. Additionally, the bank facilitates easy transfers between banks, allowing customers to fund their accounts effortlessly.

However, it's important to note that the bank has limited local branches, which may impact in-person services. Furthermore, savings account holders should be aware that ATM access is unavailable for these accounts.

Crescent Bank continues to serve individuals seeking reliable savings solutions, even though its branch network may be limited.

5. First Horizon Bank 

You can find some of the best bank account bonuses at First Horizon Bank. With the SmartView or TotalView checking accounts, you can earn bonus interest when you meet specific criteria. 

The basic checking account, FirstView, comes with no monthly fees. It requires a $50 opening deposit, but you can withdraw your money from over 600 ATMs for free. 

You can also open a Traditional Savings account with a $5 monthly fee. Waive this fee if you have a balance of $250 or more. 

You must have $50 to deposit into the account upon opening. You can earn a respectable APY for a checking account with First Horizon Bank. 

First Horizon Bank has over 400 locations in several states. It also offers CDs, money market accounts, debit and credit cards, loans, and mortgages. 

6. Gulf Coast Bank 

Gulf Coast Bank is a reputable regional bank primarily serving the southern Louisiana region. Known for its specialized savings accounts, the bank offers tailored options for various financial needs. 

The Traditional Savings account stands out with its absence of monthly fees and a low minimum opening deposit requirement of $20. This account allows customers to earn competitive interest on their savings. 

On the other hand, the Interest Savings Account comes with a $3 monthly fee, which can be waived by meeting specific requirements. This account offers a higher APY based on the criteria met by the account holder.

Gulf Coast Bank offers various checking account options, including free, rewards, and interest-bearing accounts. The rewards checking account, while featuring a monthly fee of $9.95, allows customers to waive this fee by fulfilling specific requirements. 

In addition to savings and checking accounts, Gulf Coast Bank provides a comprehensive range of financial services. These include CDs, IRAs, credit cards, loans, and wealth management solutions. 

7. Hancock Whitney Bank 

You’ll find everything from CDs and mortgages to the best money market accounts and credit cards at Hancock Whitney Bank. This bank is headquartered in Mississippi and has operated for over a century. 

Hancock Whitney Bank offers three checking accounts, each with monthly fees ranging from $7 to $20. You can waive these fees if you meet varying criteria. 

You must have at least $25 to open these checking accounts. Your account comes with direct deposit, credit score tracking, ATM fee rebates, and free wire transfers. 

Open a Savings Builder account, and you can earn a respectable rate on your balance. The minimum opening deposit is $25, with a $5 monthly fee. 

If you have a balance of $200 or more or link a qualifying checking account, you can waive the monthly fee. Hancock Whitney also offers insurance and investment products as well.  

8. Home Bank 

Home Bank offers customers various checking account options tailored to their individual preferences. With three types of checking accounts available, including Choice Checking, Interest Checking, and eBanking Checking, customers can choose an account that best suits their needs.

When opening a checking account with Home Bank, customers can enjoy several benefits at no additional cost. These include a free debit card, access to ATMs, and online banking services. 

A minimum initial deposit of $100 is required. The monthly fees for the different checking accounts vary. 

The Choice Checking account carries a monthly fee of $8, the eBanking Checking account has a monthly fee of $5, and the Interest Checking account incurs a monthly fee of $10. These fees cover the enhanced features and benefits associated with each account type.

Home Bank provides added convenience by offering a $10 cashback reward for using out-of-network ATMs. With Home Bank's online banking, you can enjoy a convenient and flexible banking experience that meets your specific requirements.

9. JD Bank 

JD Bank offers a unique checking account called ZydeCash Checking, which rewards customers with an attractive APY on balances up to $10,000. Balances exceeding $10,000 earn a lower APY. 

The qualifications for this account include conducting 10 debit card transactions, setting up one direct deposit or automatic payment, receiving eStatements, and accessing online banking each month. JD Bank also provides a range of convenient features without any monthly fees. 

You can enjoy a free debit card, access to mobile and online banking services, and the ability to use mobile wallets. Additionally, there is no minimum balance requirement for ZydeCash Checking. 

JD Bank also offers the first box of checks for free and refunds ATM fees nationwide, up to $25 per statement cycle. Bank online or via one of the best banking apps in Louisiana. 

10. Neighbors Federal Credit Union 

Neighbors Federal Credit Union offers membership to individuals who live, work, worship, or attend school in nine participating parishes. These include:

  • East Baton Rouge
  • Pointe Coupee
  • Ascension
  • St. Helena
  • East Feliciana
  • West Baton Rouge
  • Iberville
  • West Feliciana
  • Livingston

With 12 branches, Neighbors Federal Credit Union provides convenient access to its services. Customers can also take advantage of additional locations throughout Baton Rouge, West Denham Springs, Port Allen, Prairieville, Zachary, and Walker in Louisiana as part of a shared branch network. 

Neighbors Federal Credit Union offers five different checking account options. While four of these accounts are fee-free, one account carries a monthly fee of $4.95. 

While credit union promotions require that you are already a member, they can be a great way to put more money in your pocket. Check out Neighbors Federal Credit Union’s website for more information on ongoing promotions. 

11. New Orleans Firemens Federal Credit Union 

New Orleans Firemen's Federal Credit Union provides membership opportunities to retired or current New Orleans firefighters, employees of select employers, and individuals who live, work, worship, or attend school nearby. With multiple locations across the state, New Orleans Firemen's Federal Credit Union gives members access to various financial services.

The credit union offers several checking account options tailored to meet different needs. The credit union also provides free online and mobile banking services.

12. Red River Bank

Red River Bank’s Totally Free Checking account is one of the best checking accounts if you’re looking to avoid monthly fees and minimum balance requirements. 

You can bank online or through the mobile app with Red River Bank. This bank doesn’t pay interest on its free checking account, but you get free bill pay, unlimited check writing, and FDIC insurance. 

The Totally Free Checking account requires $50 to open. You can open a Personal Savings account if you have twice that amount. 

With a Personal Savings account, you get free monthly withdrawals and earn interest on balances over $1. Red River Bank offers loans, credit cards, investment options, and CDs. 

FAQ

What are some of the best banks in Louisiana?

Some of the best banks in Louisiana include Red River Bank, JD Bank, Crescent Bank, Bank of Montgomery, and Hancock Whitney Bank. You’ll also find several of the best credit unions in Louisiana, which include New Orleans Firemens Federal Credit Union and Neighbors Federal Credit Union. 

How can you choose from the best banks in Louisiana?

Choosing from the best banks in Louisiana can be challenging. Consider what you want in a bank account and see which banks offer the perks you need to create your financial future.

What should you consider when opening a bank account in Louisiana?

When you open a bank account in Louisiana, consider what fees come with it. You should also look for an account offering several perks, from earning cashback on debit card purchases to linking your savings account for overdraft protection. 

Add a Little Cajun Spice to Your Finances

Banking in Louisiana doesn’t mean you have to sing the blues. Instead, add some pizzazz to your financial life with one of the best banks in Louisiana. 

Our list includes several of the best banks in this southern state, each offering something unique and different. Like a Mardi Gras parade, Louisiana banks are as full of character as they are hospitality.

We hope you’ve found this article helpful in finding a bank you can trust in Louisiana. It's a good feeling when you can mark your finances off your to-do list. 

Which of the best banks in Louisiana will you bank with? 

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About the author

Brian Meiggs
Hi, I'm Brian Meiggs! A personal finance expert, entrepreneur, and the founder of My Millennial Guide. My drive is to help others unlock the wealth of freedom and pave the path to financial success. With my bachelor's degree in finance, I help millennials follow the smart money in order to increase their earning potential and start building wealth for the future. I write regularly about side hustles, investing, and general personal finance topics aimed to help anyone earn more, pay off debt, and reach financial freedom. I have been quoted in major publications including Business Insider, Yahoo Finance, NASDAQ, Discover, GoDaddy, BiggerPockets, Fox News, Debt.com, Quick Sprout, Money Geek, MSN Money and many more!