JACKSONVILLE, Fla.--(BUSINESS WIRE)--Adding to its impressive list of accolades, TIAA Bank has once again been honored for being among the very best banks by GOBankingRates in its eighth annual Best Bank rankings. TIAA Bank was named in an impressive three categories: Best Online Banks, Best CD Rates & Accounts and Best Money Market Accounts.
“We are thrilled that we have been again recognized for our outstanding products and services,” said Steve Fischer, President and Chief Executive Officer, TIAA Bank. “We are proud that TIAA Bank is ranked among the best and I would like to congratulate our entire team for their efforts resulting in these awards.”
GOBankingRates explained why they chose TIAA Bank in each of the three categories:
- Best Online Banks of 2020: “With one of the highest CD yields available and a guarantee of good rates from its checking account, TIAA Bank ranks among the very best online banks.”
- Best CD Rates & Accounts of 2020: “A higher-than-average $5,000 minimum investment guarantees a high rate with TIAA Bank’s Yield Pledge CD, which guarantees rates to be in the top 5% of competitive accounts.”
- Best Money Market Accounts of 2020: “TIAA Bank’s Yield Pledge guarantee assures that you will always receive one of the best rates available — that’s a pretty good promise for a no-fee account.”
The team of researchers at GOBankingRates carefully examined 136 banks, looking at more than 3,300 individual data points to determine the Best Banks of 2020.
About TIAA Bank
TIAA Bank, a division of TIAA, FSB, provides full-service banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online and its Florida-based financial centers. More information on TIAA Bank can be found at TIAABank.com.