With plenty of space, ample sunshine, and rich, well-drained soil, you can enjoy the beauty of a banana tree in your yard during your area’s growing season year-after-year. To grow a banana plant successfully you must provide generous amounts of organic matter, potassium and nitrogen, constant warmth and moisture, consistent humidity, and dark, fertile soil. If you live in a cooler climate, plant these warm-weather plants in containers so that you can move them indoors before freezing temperatures arrive.