More wear resistant than high-speed steel, these bits cut large holes with tools that have a standard-size chuck. The shank has a smaller diameter than the cutting tip and fits drill presses and portable drills. Cobalt steel bits last at least twice as long as high-speed steel. They can also run up to 25% faster at higher temperatures without being damaged on hard materials such as nickel. Also known as Silver and Deming bits.

Wear and heat resistant, these stay sharp longer than precise-cut bits made of plain steel. The sharp center point keeps the bit from wandering during drilling to cut accurate straight and overlapping holes, even across the grain. Also known as brad-point bits.

Performance similar to solid carbide but at a lower price point. Like carbide bits, these are stronger than cobalt and high-speed steel and maintain their sharp edges when drilling abrasive material. However, when drilling tough metals like iron and hardened steel, upgrade to carbide for longer life.

With flutes that lift chips out of the hole, you don't have to stop drilling to clear these bits manually. They improve coolant flow to dissipate heat and prevent clogs that can damage the bit and ruin the hole. High-speed steel is good for general purpose drilling in most metals.