The Best Regional Banks Across the Mountain States

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The geographically massive mountainous region — and its many banks and credit unions — stretches from the Canadian border to the Mexico-California border in the Midwest. It includes New Mexico, Arizona, Colorado, Utah, Nevada, Wyoming, Idaho and Montana.

GOBankingRates’ Top Picks: The Best Online Banks of 2022
And more: the best national banks of 2022

As in all other parts of the country, a few giant corporate banks are among the best in the region, as well as regional heavyweights with a few hundred branches and smaller chains with a few dozen. Unlike some regions, however, none of the top 10 is really a small franchise with just a few locations.

GOBankingRates identified the best banks and credit unions in the Mountains region by looking at the 12-month savings and CD returns offered by each, as well as the number of branches and whether or not they charge verification fees. These four main considerations are outlined in the list, but the ranking also weighed the presence or absence of human-to-human live chat and 24/7 customer service, as well as each bank’s other offerings, such as credit cards, car loans, insurance. , mortgage loans and investment services. Finally, the rankings took into account each institution’s app reviews and ratings in Android and Apple stores.

Read on to learn more about the best places to keep your money in the Mountain States.

JPMorgan Chase

  • Branches: 4,960
  • Verification fees: $12
  • APY savings: 0.01%
  • CD APY 12 months: 0.02%

Learn more about this financial institution in our full review about it.

Discover: 40 financial habits that can ruin you

Federal Naval Credit Union

  • Branches: 298
  • Verification fees: $0
  • APY savings: 0.25%
  • CD APY 12 months: 0.55%

Learn more about this financial institution in our full review about it.

Bank of America

  • Branches: 4,215
  • Verification fees: $12
  • APY savings: 0.01%
  • CD APY 12 months: 0.03%

Learn more about this financial institution in our full review about it.

Important: 25 things you should never do with your money

Wells Fargo

  • Branches: 5,024
  • Verification fees: $10
  • APY savings: 0.01%
  • CD APY 12 months: 0.01%

Learn more about this financial institution in our full review about it.

American Airlines Credit Union

  • Branches: 38
  • Verification fees: $4.75
  • APY savings: 0.40%
  • CD APY 12 months: 0.50%

Learn more about this financial institution in our full review about it.

See: Old-school money advice you shouldn’t follow anymore

Financial of the desert

  • Branches: 48
  • Verification fees: $0
  • APY savings: 0.1%
  • CD APY 12 months: 0.35%

Learn more about this financial institution in our full review about it.

KeyBank

  • Branches: 1,046
  • Verification fees: $0
  • APY savings: 0.01%
  • CD APY 12 months: 0.05%

Learn more about this financial institution in our full review about it.

American bank

  • Branches: 2,319
  • Verification fees: $6.95
  • APY savings: 0.01%
  • CD APY 12 months: 0.05%

Learn more about this financial institution in our full review about it.

Read more: A third of people have $100 or less in their checking accounts, survey finds — Here’s how many experts say you should actually have

Ent

  • Branches: 45
  • Verification fees: $0
  • APY savings: 0.05%
  • CD APY 12 months: 0.29%

Learn more about this financial institution in our full review about it.

BMO Harris

  • Branches: 552
  • Verification fees: $0
  • APY savings: 0.01%
  • CD APY 12 months: 0.05%

Learn more about this financial institution in our full review about it.

More from GOBankingRates

Methodology: To discover the Top 100 Banks, GOBankingRates looked at all institutions with published data available (national, regional, local, and online) from the Best Banks 2021 categories as well as all credit unions with more than $1 billion in dollars of total assets and accessible to a wide audience. GOBankingRates considered the following factors: (1) total assets from the FDIC and NCUA; (2) the number of branches from the FDIC and NCUA; (3) annual current account fees; (4) savings account APY rate; (5) 12-month APY CD rate; (6) customer service products offered (24/7 customer service and live chat with a human); (7) Bauer rating (out of 5 stars); (8) products/services offered (car loans, mortgages, credit cards, investment services and insurance); and (9) the average mobile app rating between Android and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1) and (4) were weighted 1.5 times in the final rating, factor (2) was weighted 2 times, factor (6) was weighted 0.5 times and factor (8) was weighted 2.5 times. For all savings and checking account data, only the core accounts/products offered at each institution were analyzed. All data current as of 12/08/21, rates and fees are subject to change.

About the Author

Andrew Lisa has been writing professionally since 2001. An award-winning writer, Andrew was previously one of the youngest nationally distributed columnists for the nation’s largest newspaper syndicate, the Gannett News Service. He worked as a business editor for amNewYork, the most widely distributed newspaper in Manhattan, and worked as an editor for TheStreet.com, a financial publication at the heart of New York’s Wall Street investment community. .

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