Did you know that the average person has approximately five bank accounts? That’s quite a few accounts to keep track of, especially if those accounts have large sums of money in them.
With the best banks in Nevada, having multiple accounts may be optional. Instead, you can use one or two accounts to manage your finances and work towards your goals.
If you haven’t found a Nevada bank you like, our list of the best banks below includes several that offer superior services with plenty of products and services. These banks can help you open new financial doors.
It’s common practice to find a bank account and stick with it for years. If you’re looking for a chance or want to see what’s out there, this article can help you find a new bank account that grows with you as you flourish.
Are you ready to learn more about the best banks in Nevada? Let’s get started!
Best checking account overall
Editor's Choice- $400 new account bonus
- No minimum deposit to open
- Thousands of branches and ATMs
- Mobile check deposit & Zelle built in
Best free banking — $350 bonus
$350 Bonus- $350 bonus with $200 direct deposit
- No monthly fees or minimum balance
- Get paid up to 2 days early
- Up to $200 SpotMe overdraft
Best digital bank — $75 bonus
$75 Bonus- $75 sign-up bonus
- Get paid up to 2 days early with direct deposit
- Up to $750 cash advances with no fees
- Build credit with no credit check
Best investing app — free stock bonus
Free Stock- Get 1 free stock when you sign up
- Commission-free stocks, ETFs, options & crypto
- No account minimums
- Up to 3.35% APY on uninvested cash
Best business banking — up to $1,200 bonus
$1,200 Bonus- Up to $1,200 new account bonus
- Dedicated business banking tools
- Wide branch & ATM network
- SBA preferred lender for business loans
Best Banks in Nevada
Based on our research, these are the best banks in Nevada:
| Bank | Best APY | Rating | |
|---|---|---|---|
| SoFi #1 Pick Up to $300 bonus + 3.30% APY savings. No fees, no minimums. | 3.30% APY | ★★★★★ 4.8 | Get $300 Bonus → |
| CIT Bank Platinum Savings Top Rate 3.75% APY on $5,000+. No monthly fees. FDIC insured. | 3.75% APY | ★★★★★ 4.7 | Open Account → |
| Axos ONE 4.21% APY savings + 0.51% checking. Get paid 2 days early. | 4.21% APY | ★★★★★ 4.6 | Open Account → |
| Current 4.00% on Savings Pods. Free cash advances up to $750. | 4.00% APY | ★★★★★ 4.5 | Get Started → |
Nevada has no state income tax, which means every dollar of interest you earn from these accounts stays in your pocket. That's a huge advantage over states like California where you'd lose a chunk to state taxes. These four banks are all available online to Nevada residents and offer some of the best rates and features you can get right now.
Why SoFi is #1 for Nevada: The $300 sign-up bonus with qualifying direct deposit is hard to beat, and 3.30% APY on savings with no minimums or monthly fees makes it the best all-around bank for most Nevadans. You also get early direct deposit and fee-free access to 55,000+ ATMs across the state. Since Nevada doesn't have a state income tax, that $300 bonus is pure profit.
Why CIT Bank Platinum Savings: If you have $5,000+ to park, CIT Bank's 3.75% APY is one of the highest flat savings rates available right now. No monthly fees, no gimmicks, daily compounding. This is ideal for Nevada residents building an emergency fund or saving for a down payment on a home in Las Vegas or Reno.
Why Axos ONE: The highest savings APY on this list at 4.21% when you meet the $1,500 monthly direct deposit requirement. You also earn 0.51% on checking and get paid up to 2 days early. The bundled checking + savings approach means your money is working harder across both accounts. Plus, up to $265 million in expanded FDIC insurance for larger balances.
Why Current: Best for younger Nevadans or anyone who wants a mobile-first banking experience. The 4.00% bonus on Savings Pods is competitive, and the free cash advances up to $750 are a lifesaver between paychecks. The teen banking feature is great for Nevada families teaching kids about money, and you can trade crypto directly in the app with no fees. Plus, they have a welcome bonus of $750 right now.
As you can see, some of the best banks in Nevada offer the best online banking options, so you can bank while you’re relaxing in a casino or sailing on Lake Mead. Keep reading to learn more about the Silver State's best banks.
1. SoFi
SoFi is one of the easiest and most rewarding banks to use right now. You can earn a $300 bonus when you open a SoFi Checking and Savings account and set up direct deposit. It takes only a few minutes to get started, and the bonus usually hits fast once your first paycheck lands.
SoFi pays a much higher APY than most traditional banks and never charges account fees. You also get access to more than 55,000 fee-free ATMs, a simple app that makes saving automatic, and tools that help you track your money in one place.
If you want to earn more on your cash and get rewarded for banking smarter, SoFi is an easy choice.
- Earn up to 4.00% APY on savings and 0.50% APY on checking balances
- No monthly fees, minimum balance requirements, or overdraft fees
- Earn up to $300 with direct deposit, terms apply
2. Wells Fargo
In Nevada, Wells Fargo is a trusted banking choice with branches and ATMs throughout Las Vegas, Reno, and Carson City.
The Everyday Checking account offers a $325 bonus for new customers who open an account with $25 and meet the $1,000 direct deposit requirement within 90 days. With secure banking tools and excellent customer service, Wells Fargo provides peace of mind for Nevadans.
3. First Foundation Bank
Among its many checking accounts, First Foundation Bank offers a free checking account that requires a $100 minimum deposit. In addition, you can get up to $20 in ATM fees reimbursed each month with First Foundation Bank.
Besides some of the best checking accounts in Nevada, First Foundation Bank also offers wealth management, small business banking, and CDs. First Foundation Bank’s savings account comes with above-average interest rates and doesn’t require a minimum balance.
4. Nevada State Bank
You don’t have to swim Lake Tahoe to find Nevada's best checking and savings accounts. Nevada State Bank offers several accounts to choose from, in addition to CDs and loans.
The basic checking account is free if you have $250 in deposits or make 10 debit card purchases per month. This account requires $50 to open.
You can also open an OnBudget Banking account with the same amount. This account comes with a free debit card, PopMoney access, and online and mobile banking, though it lacks overdraft protection and check-writing.
The OnBudget Banking account has a $5 monthly fee. Nevada State Bank is also part of Zions Bancorporation, N.A., so you can use your debit card for free at Zions Bank locations.
5. One Nevada Credit Union
Among the deserts of Nevada, you’ll find One Nevada Credit Union. You can join and take advantage of any credit union promotions if you live, work, attend school, or worship in Clark, Nye, or Washoe County.
The One Checking Account has a $5 monthly fee you can waive with a $2,000 average daily balance or if you have 15 debit card transactions each month. Membership requires a $5 fee to open an account.
One Nevada Credit Union also offers savings accounts, CDs, and personal loans. You can earn monthly dividends on the savings accounts and access thousands of ATMs through the Allpoint ATM network.
6. Plumas Bank
This local bank serves northern Nevada and offers several types of accounts. The basic checking account has no monthly fee if you make 10 or more transactions with your free debit card and enroll in eStatements.
You’ll need $100 to open this basic checking account, but there’s no minimum balance required. Plumas Bank also offers small business banking services and competitive rates on CDs and savings accounts.
7. Valley Bank of Nevada
Headquartered in northern Las Vegas, Valley Bank of Nevada was established in 2005. Nevada has three Valley Bank of Nevada branches, each offering several financial products and services.
These include two checking accounts and one savings account. Personal Checking requires a $100 minimum opening deposit, while Personal Interest Checking requires $1,000 to open the account.
The traditional savings account, Personal Savings, also requires a $100 minimum opening deposit. Valley Bank of Nevada pays interest monthly with this account.
You can also open a money market account, CD, credit card, or loan with this Nevada-based bank. Valley Bank of Nevada offers up to five monthly ATM reimbursements and business banking services.
8. WaFd Bank
Choose from two checking accounts at WaFd Bank:
- Basic Checking Account: Open this account with a $25 deposit. No monthly fees or minimum balance requirements exist, but you must enroll in eStatements and set up direct deposit.
- Stellar Plus Checking Account: This account requires a $25 opening deposit. You can waive the monthly fee if you have at least $20,000 in your account. If you have between $10,000 and $19,999, you can lower the monthly fee from $8 to $3. Accounts with less than $10,000 require an $8 monthly fee.
WaFd Bank also offers money market accounts, mortgages, and CDs. This regional bank lets you choose between three styles of debit cards, which you can use for free with any MoneyPass ATM.
9. Zions Bank
This regional bank operates in the following states:
- Arizona
- Colorado
- Idaho
- New Mexico
- Utah
- Texas
- Wyoming
- Nevada
You’ll find over 50 Zions Bank branches in Nevada alone. This bank offers checking and savings accounts, CDs, and money market accounts.
To open a Zions Bank checking account, you need a $50 opening deposit. These accounts come with online and mobile banking, including mobile check deposit capabilities.
While Zions Bank savings accounts don’t have a particularly high interest rate, you can earn a better rate on CDs. Zions Bank’s money market accounts require a $1,000 minimum deposit but no minimum balance.
Credit Unions vs. Banks
Nevada is home to many credit unions and banks, but what’s the difference? Here are a few common differences to help you decide between Nevada credit unions and banks:
- Structure: Banks are for-profit, but credit unions are not-for-profit organizations. In a credit union, members gather to loan funds to other members. Banks, however, require a board of directors to make decisions. Investors or shareholders own most banks.
- Membership: Banks typically don’t require membership to open an account. Instead, you only have to meet the minimum requirements. However, credit unions require a bit more from you. You might have to work, live, worship, or attend school in a specific area. Membership can also come from working with a certain employer.
- APYs and APRs: National banks tend to have the highest annual percentage rates (APRs) and the lowest annual percentage yields (APYs) for loans and savings accounts, respectively. However, credit unions and regional or local banks tend to offer better rates to compete with these larger national banks you’re probably familiar with.
- Customer focus: Local banks and credit unions prioritize their customers in ways most national banks can’t manage. You might find basic financial education resources with banks like Chase, Wells Fargo, and Bank of America. However, community banks and credit unions can offer more personalized service and a more comprehensive range of financial literacy resources.
Though we traditionally think about banks when looking for a bank account, don’t cut out your credit union options as well. You may find that joining a local credit union offers more rewards and perks than the best banks in Nevada.
8 Types of Bank Loans You Can Borrow With
Some of the best bank account bonuses include the chance to take out loans with a lower interest rate. Here are eight common bank loans you can borrow from most major banks.
1. Personal
If you want money to afford a vacation, use it as a safety net, or just need to pay off some debt, personal loans can help. These loans are typically unsecured, so you don’t have to provide collateral. Terms vary, and interest rates can be fixed or variable.
2. Mortgage
These loans help you purchase a house. Unlike personal loans, mortgage loans require the home as collateral.
3. Student
College students can often find student loans from local, regional, and national banks. These loans differ from federal student loans, which often have more repayment flexibility.
4. Home Equity
Sometimes confused with home equity lines of credit (HELOCs), home equity loans award you a lump sum you pay back over time. A HELOC acts like a credit card, where you repay what you’ve borrowed on a revolving basis.
5. Auto
Most people obtain an auto loan from a bank they trust to help pay for their purchases. You can often get a lower rate or more agreeable terms from a bank than the dealership.
6. Debt Consolidation
Trading debt for more debt can seem counterintuitive, but debt consolidation loans can help you get a lower interest rate on your balance so you pay less over time.
7. Payday
Short-term loans like payday loans can help you make ends meet between paychecks. However, they typically come with a high annual percentage rate (APR), though you don’t have to do a credit check to be eligible.
8. Credit Builder
If you’ve struggled with your credit and want to put your best foot forward, a credit builder loan can help. These loans report your activity to the credit bureaus to help boost your score.
Most of the best banks in Nevada offer one or more of these loans. Remember them the next time you find yourself in a financial pinch.
FAQs
Nevada State Bank and First Foundation Bank offer free checking accounts. Other Nevada banks offer free checking accounts, but you may need to meet specific requirements to waive the monthly fees.
Some of the best credit unions in Nevada include One Nevada Credit Union, Boulder Dam Credit Union, and Sierra Pacific Federal Credit Union. These credit unions offer membership to most Nevada residents, with low minimum opening deposits.
The best banks in Nevada offer retirement accounts, wealth management, investment accounts, and credit cards. Many also provide loans and small business banking to support entrepreneurs.
As you look through the list of the best banks in Nevada above, keep your eye out for the following features: Opening deposits, Monthly fees, ATM network access, Customer service, Online and mobile banking presence, Security, additional financial services and products. Compare these features between your top choices to see which bank best fits your needs. If you come up with a few, consider opening a few accounts if you can manage them.
Managing Your Gold in the Silver State
We often associate Nevada with losing money rather than managing it, but that’s not the case with the best banks in this state. These banks offer several services and products you can use to achieve your financial goals—and still have some money left over to play with.
We hope our list of the best banks in Nevada gives you the resources you need to improve your financial standings. With loans, investment services, wealth management, and money market accounts, these banks specialize in managing money.
Which of the best banks in Nevada will you choose?
