Whether you are looking for the best banks with a national presence, a credit union or a local community bank, here are our top picks.

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Bankrate Score

1) Wells Fargo

Savings APY:  0.01%

CD APY: 0.10% – 3 months, with $2500 minimum opening deposit

Monthly Fees: $10

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? Wells Fargo has approximately 4,900 retail banking branches and over 12,000 ATMs across the country. There are around 130 branches in Colorado State.

Pros:

  • Monthly fees on savings and CD accounts can be waived off
  • Good customer service
  • Premium accounts with high-interest returns

Cons

  • Low APY on savings accounts
  • Minimum opening deposit required to open savings and CD accounts

Wells Fargo, headquartered in San Francisco, California, is one of the largest U.S. banks with a global presence in 35 countries.

It offers an array of savings & CD bank account options, personal loans, investment accounts, commercial banking, and wealth management services. The financial services also span mortgage lending, auto loans, and credit cards.

As of 2021, the bank has assets of US$1.955 trillion. With a mobile banking app and 24/7 customer support, Wells Fargo offers a comprehensive brick-and-mortar banking experience.

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Bankrate Score

2) JPMorgan Chase Bank

Savings APY:  0.01% effective for 11/08/2022 only

CD APY: 0.02% for 1 month CD term, with a minimum deposit amount of $1000

Monthly Fees: $0-$5 on Chase Savings

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? Chase Bank has more than 4,700 bank branches and 16,000 ATMs across the country. In Colorado, they have 128 bank branches and ATMs.

Pros:

  • Monthly maintenance fees can be waived off
  • Nationwide access
  • Robust mobile app that makes banking transactions fast and hassle-free
  • Earn a $200 bonus on new checking accounts

Cons

  • Lower APY of 0.01% on most accounts
  • Monthly fees for certain types of accounts can go as high as $12

Chase Bank is one of America’s most popular banks, offering a broad spectrum of banking & financial solutions, including personal banking, mortgages, small business loans, credit cards, auto financing, payment processing, and investments powered by JP Morgan.

In addition to its state-wide branch availability, Chase Bank has a website and mobile app that bring the bank on the go. The bank has account options for customers at all life stages.

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Bankrate Score

3) U.S. Bank

Savings APY:  0.01%

CD APY: 0.05% for 1 month CD term, with a minimum deposit amount of $500

Monthly Fees: $4 on Standard Savings account

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? U.S. Bank has a nationwide presence, with over 108 bank branches and ATMs in Colorado.

Pros:

  • Open an account with one of the best and most highly recognized banks in the U.S.
  • Monthly maintenance fees are waivable
  • A broad range of savings and checking account bundles

Cons

  • Below-average savings APY rates
  • Opening a bank account requires a minimum daily balance
  • Higher monthly maintenance fees

U.S. Bank, based in Minneapolis, is the 5th largest bank in the United States, both in terms of deposits and assets. It has a nationwide presence in 40 states and also offers an online banking platform that allows you to access your accounts, pay bills, and make payments & transfers online.  The bank also has a robust mobile app.

It offers an array of banking & financial solutions, including personal banking, wealth management, business banking, corporate & commercial solutions, and institutional banking services.

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Bankrate Score

4) FirstBank 

Savings APY:  0.05%

CD APY: 0.05%, with a minimum daily balance amount of $500

Monthly Fees: $5 per quarter when the account balance gets below $100

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? Despite having a strong online presence, FirstBank has over 85 bank branches and 116+ ATMs in Colorado.

Pros:

  • Full-service mobile application for simple and hassle-free banking
  • A wide range of personal banking solutions
  • Best-in-class customer service
  • Have the option to open checking accounts with no minimum balance
  • Monthly service fee can be waived if the minimum account balance is maintained

Cons

  • $34 overdraft fee on FirstBank Anywhere Checking account
  • ATM fees for out-of-network withdrawals

FirstBank is the 4th largest bank in Colorado, providing an excellent option for online banking over traditional banking. Since its inception in 1963, it has grown as one of the largest private banks in the United States.

The bank has an array of savings and checking account options, though the interest rates are not much impressive. The quarterly service fee can be waived if the minimum daily account balance is maintained.

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Bankrate Score

5) KeyBank

Savings APY:  0.25%

CD APY: 0% to Variable rates

Monthly Fees: $4-$20 monthly maintenance fee on savings account; $0-$50 fee on checking account

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? KeyBank has a presence in 15 U.S. states, with over 1,000 full-service bank branches and 40,000 ATMs nationwide. In Colorado, there are 58 KeyBank branches.

Pros:

  • Robust mobile banking app
  • Free checking account
  • Waivable monthly maintenance fee
  • Free overdraft protection

Cons

  • Low savings rate
  • Monthly service fee, though waivable, can be as high as $50 for selected checking accounts

Based in Cleveland, OH, KeyBank is one of the biggest bank-based financial services companies in the United States. It has assets of approximately $187 billion. It offers a broad range of banking and financial solutions, including personal banking, wealth management, small business banking, and institutional & business banking. It also offers digital banking solutions for its members.

It also allows you to open an account online. The bank has an array of savings and checking account options to choose from,  some of which also offer zero maintenance fee or overdraft protection.

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Bankrate Score

6) Bank of Colorado

Savings APY:  1.00% (Variable) applicable for 11/09/2022

CD APY: 0%; minimum 0.05% for a minimum balance of $1000

Monthly Fees: $9-$15 per quarter for savings accounts; $5-$25 for checking accounts

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? Bank of Colorado has 44 branches in Colorado. It is now a part of the Pinnacle Bancorp network and provides banking services in Colorado, Arizona, and New Mexico.

Pros:

  • Excellent customer service
  • Mobile and online banking
  • An array of savings, checking, and business account choices
  • Waivable monthly maintenance fee

Cons

  • Limited bank branches across Colorado and nationwide
  • Does not provide interest on some checking accounts
  • Need to maintain a minimum account balance to earn interest

Bank of Colorado is one of the oldest banks in Colorado, serving the communities in the Western Slope, the Front Range, the Eastern Plains, and the Four Corners Region. They are a part of Pinnacle Bancorp, providing banking and financial services in the neighboring states.

The bank provides a wide range of products and services, including personal banking, credit cards, loans, education loans, investment accounts, business cash management, and insurance services.

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Bankrate Score

7) Alpine Bank

Savings APY:  Variable; interest earned on all balances

CD APY: Variable

Monthly Fees: No monthly maintenance fee

Insured by: FDIC (Federal Deposit Insurance Corporation), though wealth management services are not FDIC-insured

How many branches are in the State? Alpine Bank has branches across 38 locations in Colorado, including an ATM facility. It has an upcoming branch in Fort Collins.

Pros:

  • An array of personal savings and checking accounts
  • A regional bank with excellent customer service
  • No minimum balance or minimum deposit is required for any account
  • Low monthly service fee which can be waived off

Cons

  • Interest rates are variable and low for savings and money market accounts
  • Some checking accounts require maintaining a high minimum balance to earn an interest rate

Based in Glenwood Springs, Colorado, Alpine Bank is a popular regional bank that offers both traditional and online banking services. It offers a broad spectrum of banking & financial products & services, including personal checking & savings bank accounts, home mortgage loans, business banking & loans, and wealth management.

The bank offers the option to open checking and savings accounts with no minimum balance or minimum deposit amount required in most cases.

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Bankrate Score

8) Bank of America

Savings APY:  0.01% standard APY; Preferred Rewards members can enjoy up to 0.04% APY

CD APY: 0.05% – 2.50% depending on CD term and balance

Monthly Fees: $8 for savings accounts and $12-$25 for checking accounts

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? Bank of America has financial centers and ATMs across 12 locations in Colorado.

Pros:

  • Special interest rates available through Bank of America Preferred Rewards
  • Waivable monthly maintenance fees
  • Wide range of bank accounts and financial services
  • Weekend customer service is also available

Cons

  • High monthly service fees for checking accounts
  • High charges of up to $5 for non-Bank of America ATM withdrawals

Bank of America is headquartered in Charlotte, NC, and is one of the largest national banks with over 4,100 retail financial centers and 16,000 ATMs across the world. The bank also has a robust digital platform that serves over 41 million active users globally. GoBankingRates has recognized Bank of America as one of the Best National Banks of 2022.

It offers a plethora of products and services, including personal savings accounts, checking accounts, home loans, credit cards, auto loans, and investment options. The bank is also known for personalized customer service. 

Preferred Reward members can enjoy several benefits such as waivers on specific services or interest rate boosters.

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Bankrate Score

9) Power Credit Union

Savings APY:  0.10%

CD APY: 0.45% for 1-year CD term

Monthly Fees: No monthly maintenance fee

Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? Power Credit Union has 4 branches in Pueblo (Main), Pueblo West, Canon City, and Trinidad. It also provides surcharge-free ATM access at over 30,000 ATMs across the country, with 10 ATMs in Colorado.

Pros:

  • Excellent customer service
  • Most of the accounts do not require any monthly maintenance fee
  • Access to free ATMs nationwide
  • An array of banking & financial solutions similar to any regional bank 
  • Users have access to digital banking

Cons

  • Limited bank branches in Colorado as well as nationwide

Power Credit Union is recognized as one of the best credit unions in Colorado in 2022, offering a broad spectrum of products and services like a bank – however, with personalized service, no monthly service fee, and better rates.

It has a wide range of banking and financial services, including savings & CD accounts, home equity, credit card, checking accounts, car loans, mortgages, personal loans, and investments. It also provides the option of online bill payments through your bank account.

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Bankrate Score

10) Ent Credit Union

Savings APY:  0.05%

CD APY: 0.05%

Monthly Fees: No monthly service fee

Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? Ent Credit Union has 72 Colorado credit union branches and ATMs in all regions of Colorado. It has 40 service centers along the Front Range.

Pros:

  • No monthly maintenance fee on savings, checking, and money market accounts
  • Attractive APY, which is often higher than popular banks in Colorado
  • A full lineup of banking products and services
  • No ATM fee
  • Personalized customer service

Cons

  • Higher fees for certain services such as outbound wire transfers

Established in 1957, Ent Credit Union is one of the best credit unions in Colorado. It has a good branch network in the state, serving more than 430,000 members. It provides all the basic products and services you would expect from a bank. 

It provides an array of banking products that include checking & savings accounts, money market accounts, youth banking, certificates, credit cards, student loans, mortgages, refinance, home equity, auto, and personal loans.

The credit union stands out with its zero monthly maintenance fee and no ATM fee.

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Bankrate Score

11) NuVista Federal Credit Union

Savings APY:  0.08%

CD APY: 0.10% on the minimum deposit amount of $2500

Monthly Fees: No monthly maintenance fee

Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? It has two branches in Colorado. The main branch is in Montrose and another one is in Gunnison.

Pros:

  • No monthly maintenance fee
  • Only a $25 minimum deposit amount is required at the time of opening an account
  • Savings and checking account APYs are better than popular banks in Colorado
  • A unique array of savings and checking account options
  • Free mobile and online banking

Cons

  • Interest is compounded monthly and not daily
  • Only two branches in Montrose and Gunnison

NuVista Federal Credit Union is a Community Development Financial Institution (CDFI) that was established in 1964 on the principles of self-worth, integrity, and honesty. It operates on the support of the community, where membership is open to anyone working, living or attending school on Delta, Montrose, San Miguel, Ouray, and Gunnison.

One can get membership by holding a share in the amount of only $25 to start with. The products and services available are savings accounts, checking accounts, youth savings and checking accounts, IRAs, certificates, health savings, and business accounts.

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Bankrate Score

12) Navy Federal Credit Union

Savings APY:  0.25%

CD APY: 0.05%

Monthly Fees: No monthly maintenance fee

Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? Navy Federal Credit Union has 350 branches globally and 30,000 ATMs with a co-op network.

Pros:

  • Comparatively higher APYs than other banks in Colorado
  • 24/7 customer service is available
  • No monthly maintenance fee on savings accounts and selected checking accounts
  • Lower minimum opening deposit

Cons

  • Lack of branches in Colorado
  • Limited only to military personnel and their relatives

Navy Federal Credit Union is a not-for-profit, member-owned credit union, which is headquartered in Virginia. The credit union exclusively serves the military, armed forces, veteran, and their families.  

The products and services include checking & debit card, savings accounts, money market accounts, certificates, education savings, retirement savings, credit cards, auto loans, mortgages, home equity loans, personal loans, and student loans.

The credit union also provides the option of digital banking via Navy Federal’s official website and mobile app. Bank transfers are also available. It is committed to exceptional customer and member service.

Navy Federal Credit Union is also ranked as one of the Fortune 100 best companies.

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Bankrate Score

13) First Citizens Bank

Savings APY:  0.03% on an online savings account; 0.5%-0.15% on money market accounts

CD APY: 0.15%

Monthly Fees: No monthly maintenance fee when certain conditions are met

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? First Citizens Bank has 6 branches in Colorado.

Pros:

  • Low minimum deposit amount of $500 for CD accounts
  • No monthly maintenance fee with a $50 minimum for CD accounts
  • Penalty-free, unlimited withdrawals and transfers from money market accounts

Cons

  • Limited branches in Colorado
  • Monthly service fees for some savings and checking accounts are difficult to waive off

First Citizens Bank is a full-service banking institution that provides a wide range of banking products and services that include savings & checking accounts, credit cards, CDs, mortgages, insurance, investment accounts, and other types of loans.

Today, the bank has branches in over 19 states, with six branches located in Colorado. It is recognized as one of the top 20 U.S. banks based on assets.


Average CD Rates in Nevada

Sidebar CD Rates

1-YEAR CD 1.96%
2-YEAR CD 2.20%
6-MONTH CD 2.10%
5-YEAR CD 2.47%
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