Omaha has made its way into the rankings of best banking cities.
Financial industry survey firm NerdWallet says Omaha ranks No. 8 in the nation for low fees, solid banks and high consumer use of bank services.
“In Omaha, consumers can rest assured that fees aren't eating up too much of their savings,” NerdWallet said. “Nebraska's average monthly checking fee is the lowest around, at just under $7, and there are plenty of Omaha institutions that offer fee-free options such as Premier Bank and Neighborhood Community Federal Credit Union.”
The website also said a high percentage of Omaha's population, 78 percent, was enrolled in a full gamut of consumer banking services. In addition, only one local financial institution has failed in recent years.
“All of these factors have helped Omaha rise to a top 10 position in this year's study,” said NerdWallet, which operates a website offering free credit card comparisons and other tools.
The top slot in the survey went to Cincinnati, while the 10th went to Rochester, N.Y. NerdWallet took into account average account fees, number of branches, savings-account rates and other factors.
In a separate analysis, Lincoln was ranked near the bottom for savings accounts rates, according to another Web-based analyst, GoBankingRates.com.
Lincoln banks are paying .034 percent on savings balances, the company said, dead last in the nation. Omaha banks are paying .055 percent, with the U.S. average at .101 percent, GoBankingRates.com said.
Still, with Federal Reserve interest rates at historic lows, it all amounts to pennies on the dollar and is not likely to change until the central bank raises rates, prompting financial institutions to follow.