Best Banks and Credit Unions in Idaho
Finding a new bank can seem like such a hassle, but we’re here to help, with our list of the best banks in Idaho.
Find the best CD rates in Idaho today.
1. Idaho Central Credit Union
Savings APY: 0.050%
CD APY: 2.150% to 0.650%
Monthly Fees: $5 monthly fee for a balance below $100.
Insured by: Federally insured by the National Credit Union Administration
How many branches are in the State? Idaho Central Credit Union has 40 branches in 24 cities and 2 states. It is a part of the CO-OP ATM network which offers access to 30,000 surcharge-free ATMs across the United States.
Pros:
- 24-hour access through eBranch Online Banking service
- 6 days open
- Low rates on loan
Cons
- High monthly fee with minimum balance terms
- Low APY on savings
First up on our list of the best banks in Idaho is Idaho Central Credit Union is a not-for-profit financial firm founded on 28 June 1940. The credit Union is headquartered in Chubbuck, Idaho, United States, It has over 1700 employees and assets amounting to $8.94 Billion.
The Credit union offers a wide range of financial services to its members. They have savings accounts, checking accounts, loans, mortgages, credit, and a wide range of business services including small business loans, business checking, indirect business loans, and more.
The Credit Union also offers Financial counseling to its members. The employees, employers, students, and retirees from specific industries can become a member of this credit union. Idaho Central is 80+ years old and one of the best performing credit unions in the country. The credit union is actively seeking expansion opportunities and growing its network. The credit union officially branched out of Idaho in 2022 and opened a branch in downtown Spokane.
2. D.L. Evans Bank
Savings APY: 0.01% and a minimum deposit of $25
CD APY: 0.05%
Monthly Fees: $3 quarterly fee on $100 minimum balance
Insured by: Federal Deposit Insurance Corporation
How many branches are in the State? D.L. Evans bank has 38 full-service branches across the United States.
Pros:
- Dedicated to the community
- Strong network with several branches and ATMs
- Digital banking and mobile banking are available
Cons
- Low APY on savings and CDs
Founded in 1904, D.L. Evans Bank is an American retail bank. It is headquartered in Burley, Idaho. It is one of the leading banks in Idaho with a significant customer base. The bank offers personal banking (checking, savings, card services, online services, and premier club membership), business banking services (checking, savings, card services), and loans (personal, business, mortgages, and more). Investment consulting services are a strong forte of D.L. Evans Bank.
As per recent data, the bank owns assets worth $2.9 billion and is looking for expansion opportunities.
3. U.S. Bank
Savings APY: 0.01%
CD APY:
Monthly Fees: No monthly fee
Insured by: Federal Deposit Insurance Corporation
How many branches are in the State? The US Bank has 100 branches across 12+ states in the United States.
Pros:
- Presence in 12+ states
- Online banking option
- Strong product offering
Cons
- Low-interest rates on savings
- Weak customer service
The US Bank was founded in 1863. It is one of the best banks in Idaho and with a diverse range of customers. The bank offers a number of banking and investment opportunities to individual and business clients.
The service portfolio of US Bank is strong, making it one of the leading banks in the United States. They offer savings, investment, and borrowing options to individuals, commercial units, small businesses, and corporate houses. The bank offers a range of banking and financial services including retail banking, mortgage lending, wealth management services, and financial education.
4. KeyBank National Association
Savings APY: 0.05%
CD APY: 0.05%
Monthly Fees: $0
Insured by: KeyCorp Insurance Agency USA Inc. (KIA)
How many branches are in the State? KeyBank has over 1000 branches and 40000+ ATMs across the 15 states of America. They also have business offices in 39 states.
Pros:
- No monthly fees on savings account
- Nationwide presence
- Low-interest rates on loans
- Extensive insurance products
Cons
- Low APY on savings and CDs
- Multilevel overdraft calculation
KeyBank is a subsidiary of KeyCorp headquartered in Cleveland, Ohio. It is a leading regional bank in the United States. The bank has 39 business offices across the country. KeyBank was ranked 449th on the Fortune 500 list for the year 2022.
The bank has a wide range of banking and financial services to offer including certificates of deposit, money market accounts, savings accounts and checking accounts, and loan and investment consulting services to retail, small business, corporate, commercial, individual, and investment clients.
The bank has a strong reputation for its credible credit scoring, loan servicing, and collection capabilities.
KeyBank is one of the largest bank-based financial services companies in America. It offers 24/7 customer service and has online banking and mobile app features. As per 2022 data, KeyBank owns assets worth $187 billion.
5. Wells Fargo
Savings APY: 0.01%
CD APY: 0.01% with a $2500 minimum deposit amount
Monthly Fees: $10
Insured by: Federal Deposit Insurance Corporation (FDIC)
How many branches are in the State? Wells Fargo has 8050 branches and 13000 ATMs in 35 countries across the globe. The bank has 13 branches in Idaho with 8 ATMs.
Pros:
- Excellent customer service
- A premium account with a high-interest rate
- Savings and Checkings accounts have waivable monthly fees
Cons
- The minimum deposit requirement for account opening
- Low APY on savings account
Wells Fargo is one of the leading banks in the United States of America. The bank was founded in 1852 and is headquartered in San Francisco, California. The bank has a rich customer base with 70 million users across the globe which makes it the third-largest and also one of the oldest banks in America.
The bank offers a diverse range of banking and financing services including retail banking, mortgage lending, credit cards, and auto loans. Wells Fargo is into retail and wholesale banking and offers its services to individuals, small businesses, large enterprises, and industries.
As per 2021 data, Wells Fargo owned assets worth US$1.955 trillion and has an advanced banking system backed by online and mobile banking features. 24/7 customer support and years of credibility make it a customer’s choice bank in the US.
6. Potlatch No1 Credit Union
Savings APY: 0.05%
CD APY: NA
Monthly Fees: Prime Debit: $2.99, Preferred Debit $4.99, PowerPlus Debit $7.99, & Good$ense Checking; $4.99
Insured by: Federally Insured State Chartered Credit Union
How many branches are in the State? The Potlatch No1 Credit Union has more than 12 business locations spread across 18 Idaho counties, eight Oregon counties, and the rest of Washington. It has 30 branches and 25 ATMs in Idaho state.
Pros:
- Waivable monthly membership fee
- Wide choices for savings, checking, and IRA certificates
- Low-interest rates on loans and better terms
Cons
- Minimum balance to earn APY
- Low APY on savings account
To conclude our list of the best banks in Idaho we have Potlatch No1 Credit Union, referred to as P1FCU, which is a not-for-profit cooperative founded in 1938. It is headquartered in North Idaho and offers financial and banking services to the local community with full dedication and transparency.
The credit union has a rich service portfolio including checking accounts, savings tools, and affordable loans for individuals, families, and businesses. They offer uncompromised insurance coverage and investment help and have a robust customer support system.
The credit union is 100,000 members strong and is continuously growing. They offer comprehensive services including saving and checking accounts, loans, investment, credit and debit cards, security centers, ATMs, online banking, and more.