5.0
Bankrate Score

1. Ally Bank

Savings APY:  0.21%

CD APY: 11-month – 2.75.%, without a minimum deposit

Monthly Fees: $0

Federally Insured by: FDIC insurance

How many branches are in the State? No branch or ATM access

Pros:

  • High APY rate.
  • Great customer service
  • No fees or minimums

Cons

  • No branches.

This online bank, founded in 2009, is well-known for its competitive rates, rapid customer service, and low fees. Ally Bank, a full-service online bank, offers a wide range of personal banking products and services, including checking, savings, money market, CD, mortgage, auto, and personal loans, as well as investment and retirement services.

Ally Financial, a bank holding corporation headquartered in Detroit, Michigan, was founded in Delaware.

5.0
Bankrate Score

2. U.S. Bank

Savings APY:  0.01% with a minimum deposit of $25

CD APY: 1-year – 0.05%, 2-year – 0.05%, and 3-year – 0.15% with a minimum deposit of $500.

Monthly Fees: $4

Federally Insured by: FDIC

How many branches are in the State? In the United States, there are about 2,400 physical branches and 4,200 ATMs.

Pros:

  • A wide range of products and services are available.
  • Oregon has hundreds of branches and ATMs.

Cons

  • Low APYs.

The name United States Bank first appeared in 1891, when it was created as the United States National Bank of Portland in Portland, Oregon. There are credit cards, loans, mortgages, and services available to assist you with your investing. The variety of accounts and services available makes it simple to keep all of your finances with one bank.

U.S. Bank is a huge, nationwide brand that can be found outside of Oregon. There are around 3,000 US Bank branches and ATMs located throughout the country. This might make the bank appealing to corporations and those who travel regularly for work.

5.0
Bankrate Score

3. Umpqua Bank

Savings APY:  0.01% with a $25 minimum balance

CD APY: 13 months – 3.75% with a minimum deposit of $1K

Monthly Fees: $3 waivable

Federally Insured by: FDIC

How many branches are in the State? 350 branches

Pros:

  • To start a money market or savings account, a relatively little deposit is required.
  • Customers can choose from a variety of checking accounts, money market accounts, and CD periods.

Cons

  • Smaller ATM network.
  • Deposit accounts typically offer lower APYs than national norms.

Umpqua Bank is primarily a West Coast bank. Over the last decade, it has rapidly expanded by acquiring bank networks in West Coast states such as California and Washington. Other banks have greater deals on savings and checking accounts, especially if a higher interest rate is a priority.

Umpqua Bank provides checking, savings, money market, and CD accounts, as well as business and commercial banking services.

5.0
Bankrate Score

4. CIT Bank

Savings APY:  3.25% with a minimum balance of $100

CD APY: 6-month to 5 years – 0.30% to 4.25% with a minimum deposit of $1K

Monthly Fees: $0

Federally Insured by: FDIC insurance

How many branches are in the State? No physical branch.

Pros:

  • One of the finest APYs available.
  • There are no monthly costs.
  • The minimum is only $100.

Cons

  • You must deposit $100 per month to receive the high-yield APY,
  • Keep a balance of at least $25,000.

CIT Group (CIT), a division of First Citizens BancShares, is a financial services firm in the United States. Accounts can be accessed online 24 hours a day, seven days a week.

CIT is an investment returns bank, which means that the great majority of its products are designed to help consumers save money. This Bank’s mobile app is available for download on either an Apple or an Android handset. You’ll get mobile check deposits, inter-account money transfers, and digital account statements, to name a few benefits.

5.0
Bankrate Score

5. WaFd Bank

Savings APY:  0.05% with a minimum balance of $100 and 0.10% with a deposit over $100

CD APY: 7-month – 1.25%, 13-month – 2.40% with a minimum deposit of $1K without Eligible checking

Monthly Fees: $0

Federally Insured by: FDIC insurance

How many branches are in the State? Operates 235 branches in eight western states.

Pros:

  • Great perks for minors.
  • No monthly service fees or
  • No charges for out-of-network ATMs.
  • Customer service is available via phone 24 hours a day, seven days a week.
  • It is possible to avoid paying monthly service fees.
  • Over 37,000 ATMs are available.

Cons

  • High deposit requirements.
  • Savings account interest rates are low.
  • Savings account service fees are charged monthly.

Seattle, Washington, in the United States, is home to the bank known as Washington Federal, Inc. It is the main subsidiary of bank holding firm Washington Federal, Inc.

WaFD Bank may be the best option to bank with a physical location that offers round-the-clock customer service. The WaFd Bank Free Checking Account, which has no monthly fees, is the bank’s strongest offering. Although its savings accounts may have monthly service fees and offer poor interest rates.

5.0
Bankrate Score

6. Banner Bank

Savings APY:  0.05% with a minimum deposit of $25

CD APY: 6-11 months – 0.55%, 12-17 months – 0.75% with minimum balance of $2500

Monthly Fees: $4 waived with a $500 minimum daily balance

Federally Insured by: FDIC insurance

How many branches are in the State? Over 200 locations throughout Washington, Oregon, California, and Idaho

Pros:

  • Wide range of financial products.
  • Excellent user experience.
  • Long-term Bump CD is available.

Cons

  • High deposit to open an account.
  • Low rates across the board

Washington-based Banner Bank is a commercial bank with a Washington charter that originated in 1890, Walla Walla. Banner Bank is a Federal Home Loan Bank System member, and its deposits are insured by the Federal Deposit Insurance Corporation. A fully owned subsidiary of Banner Corporation is Banner Bank. Under the ticker symbol “BANR,” the common stock of Banner Corporation is openly listed on the NASDAQ Global Market.

5.0
Bankrate Score

7. Bank of America

Savings APY:  0.01% with a minimum balance of $100

CD APY: 1-year – 0.03%, 3-year – 0.03%, 5-year – 0.03% with a minimum deposit of $1,000

Monthly Fees: $12

Federally Insured by: FDIC insurance

How many branches are in the State? The Bank of America has 4,100 retail financial centers and approximately 16,000 ATMs.

Pros:

  • Automatic savings program available.
  • Debit card shopping rewards.
  • Access to physical branches.
  • Mobile apps are available.

Cons

  • Monthly charges.
  • Doesn’t earn interest.

This bank was established in San Francisco, and NationsBank of Charlotte purchased it in 1998, giving it its current shape. After JPMorgan Chase, it is the second-largest banking organization in the United States.

You may find Bank of America branches and ATMs all over the country because it is a recognized national brand. You can manage your accounts via the bank’s mobile app even if there are no nearby branches. The program also has a function that makes it simple to transmit money to other people.

5.0
Bankrate Score

8. Oregon Community Credit Union

Savings APY:  5.25% with a minimum balance of $500

CD APY: 7-month – 2.25%, 13-month – 2.75% with a minimum deposit of $500

Monthly Fees: vary according to the services starting from $2

Federally Insured by: National Credit Union Administration (NCUA)

How many branches are in the State? The credit union has seven locations in Eugene, two in Springfield, one in Salem, and one in Wilsonville.

Pros:

  • Free access to over 30000 ATMs nationwide.
  • Get rewarded for direct deposits.
  • Transactions and other financial businesses can operate online.

Cons

  • Offer only Mortgage Loan, Auto Laon.

Oregon Community Credit Union originally known as Lane Federal Credit Union, from 1981 to 2003. Over 150,000 members own this credit union, which is situated in Eugene, Oregon, in the United States. The credit union provides mortgages, home equity loans, vehicle loans, and other loans, as well as banking accounts, online banking, and debit and credit card services. In the aftermath of the great recession, it continues to add workers.

5.0
Bankrate Score

9. Rogue Credit Union

Savings APY:  0.05% with a minimum balance of $100

CD APY: 36-month – 3.04% with a minimum deposit of $100

Monthly Fees: $10 only money-maker services

Federally Insured by: National Credit Union Administration (NCUA)

How many branches are in the State? The credit union branch network serves Southwest Oregon counties.

Pros:

  • Low fee charges.
  • Allows your online banking.
  • Variety of financial products and services.

Cons

  • Only members can enjoy the benefits.

Ten Southern Oregon teachers formed Rogue Credit Union in 1956 as Jackson County Teachers Federal Credit Union (JCTFCU). Rogue Credit Union, originally Rogue Federal Credit Union, is a Medford, Oregon-based American Oregon State-chartered credit union and financial holding company.

Members can access their funds at any time using the Online Banking and the Mobile App of Rogue Credit Union, which include features like Bill Pay, Mobile Check Deposit, and member-to-member transfers.

5.0
Bankrate Score

10. Valley Credit Union

Savings APY:  0.50% with a minimum balance of $20K

CD APY: 1-year – 1.20%, 2-year – 1.75% with a minimum deposit of $500

Monthly Fees: $0

Federally Insured by: National Credit Union Administration (NCUA)

How many branches are in the State? Six branch locations in Tuscumbia, Russellville, Muscle Shoals, Sheffield, Cherokee, and Florence.

Pros:

  • High Dividends
  • No Monthly Service Fee
  • Automatic Savings
  • No Minimum Balance Requirements

Cons

  • Limited funds can send or receive.

Valley Credit Union has been proudly serving residents of the Big Sky Country, which today spans 30 counties in Montana and Wyoming, since 1949. It was established with the commitment to offer members first-rate financial services together with accommodative, individualized service.

Valley Credit Union is a non-profit financial institution committed to providing great service, competitive rates and products, and community involvement. Checking, savings, IRAs, certificates, auto loans, mortgages, credit cards, personal loans, home equity lines of credit, online and mobile banking, and more are among the products and services it provides.


National CD Rates

Average CD Rates

1-YEAR CD 1.82%
2-YEAR CD 1.75%
6-MONTH CD 2.10%
5-YEAR CD 2.47%
On This Page