There are hundreds of banks across the country, and literally thousands of branches. Every bank tries to find a specific niche in which it can offer best of class services. There are only a few banks which have the reach (number of branches) and depth (geographical penetration) to be able to provide all services to all people. Because of this, the list of the best banks across the country would also be inaccurate if the comparison is done holistically.

We took up the example of Arizona and tried to identify the best in class across four categories from among all the banks operating in this state. With bank rates being very dynamic and bank regulations also changing very frequently, you would be well advised to check the latest rules and bank rates before making a choice. But as of now, based on our understanding of the terms, these are the best banks in Arizona in each of these four categories

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BBVA Compass (Checking)

If you are looking for a good checking account (specifically if your priority is a free checking account), then Compass is the best choice. A checking account does not offer any interest usually, but Compass does have some interest-bearing checking accounts as well, although the rate is only 0.01% for balances higher than $25000. A large number of branches of this bank in Arizona is a big attraction for customers who can access any of the branches and do their daily transactions easily.

BMO Harris Bank (Checking for Students)

A checking account to be used by a student has a different set of requirements, and in this category, this relatively smaller bank comes up with accessible features for students. The free checking account can be opened with just $25, and no minimum balances need to be maintained. Whichever part of Arizona the student is living in, he or she can walk into any of the 50 branches in this state and carry out transactions easily. The Smart Money checking account has no fees for non-maintenance of balance and it also doesn’t charge any penny if the account goes into overdraft.

Compass (Savings)

For people looking for the best interest rates on their deposits, Compass again comes as a winner, with a whopping 1.25% being provided as interest on its ClearChoice Money Market savings account. The monthly fee of around $15 would be waived if a certain minimum daily collected balance is maintained.

US Bank (Small Business)

For small or newly started businesses, which do not have a huge number of transactions yet, US Bank offers the best checking account. Up to 150 transactions in a month are free. In case the number of transactions increases, then the client can upgrade to the Platinum checking account.

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