Consumer Reports magazine subscribers have cast their ballots in a rare beauty pageant for the banking industry.

The monthly magazine, famous for rating dishwashers and recommending brands of pet food, turned its critical eye to banks and financial services companies in the cover story of its June issue, which will hit newsstands May 16. The conclusion - based on a survey of more than 14,000 subscribers - is that community banks and credit unions are better than big banks at providing low-cost checking accounts or high-quality service to the average customer.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.