Best Banks in Colorado
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In Colorado and looking for a new bank? This useful guide to the best banks in Colorado will make finding one easy.
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Citi Priority - Earn up to $2,000 Cash Bonus
- Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day
- New to Relationship customers can choose their Relationship Tier.
- Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
- Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
- If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
- Bonus will be paid within 30 days after you successfully complete all required activities.
- Restrictions apply.
Chase Total Checking® - $200 Bonus
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
U.S. Bank Smartly® Checking and Standard Savings - Up to $450 Bonus
Earn $350 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:
- Enroll in online banking or the U.S. Bank Mobile App
- Make two or more direct deposits totaling $7,500 or more
Earn $100 with a new Standard Savings account.
- Deposit $15,000 or more by December 30, 2023
- Maintain $15,000 or more until June 30, 2024
Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for Checking account
Key Select Checking℠ - $200 Bonus
- Earn a $200 cash bonus when you open a Key Select Checking account by 12/8/23 and make one direct deposit of at least $500 within 60 days.
- Convenient banking at 40,000+ KeyBank and Allpoint ATMs.
- Key Select Checking℠ is a premium checking account that earns interest and a $100 annual cash bonus with qualifying activities
- Set custom alerts so you can receive text or email updates about the account information that's important to you.
- Move money easily with Zelle, mobile check deposit, online banking and more.
- Enjoy chip security, Tap & Go technology and all benefits of Mastercard.
- FDIC Insured.
Choosing the right bank can be a daunting task. But it's a pretty important decision for your financial wellbeing.
So, how can you tell which is right for you?
This list of the best banks in Colorado can save you the trouble. Find out which Colorado banks earn top marks for checking, savings, and more.
Discover Online Savings - $200 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY923 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 12/14/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
CIT Bank Platinum Savings - 5.05% APY
- 5.05% APY with a balance of $5,000 or more
- 0.25% APY with a balance of less than $5,000
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
How to Choose the Right Bank For You
Each bank isn't necessarily right for every customer. The bank you choose will ultimately depend on your own personal needs. Ask yourself the following questions at the start of your search:
- Does the bank serve your area?
- Does it offer special services for your demographic? (student, business owners, etc.)
- Does it offers the services you want, at a price you can afford?
- Does the bank make it easy to bank with them? (Online banking, branch access, etc.)
We're certain you'll find a bank that works for you here, regardless of your banking needs.
6 Best Banks in Colorado
By looking at a variety of factors and features, you can identify the best bank to fit your needs. Now let's jump in and look at the top banks in Colorado.
Chase Secure Banking℠ - $100 Bonus
- New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
- Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
- No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
- Track your credit score, get a personalized action plan provided by Experian™ to help improve your score and receive identity monitoring for free through Chase Credit Journey®.
- Chase Secure Banking℠ customers told us they save an average of $50 a month on fees after opening their account.
- JPMorgan Chase Bank, N.A. Member FDIC.
- Pay bills, cash checks and send or receive money with Zelle® all for a $4.95 monthly service fee.
- Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase.com.
Citi Priority - Earn up to $2,000 Cash Bonus
Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day. New To Relationship customers can choose their Relationship Tier. Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds. Maintain a minimum balance for 60 consecutive calendar days from the 21st day. If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes. Bonus will be paid within 30 days after you successfully complete all required activities. Restrictions apply.
| Balance Levels | Maximum Bonus |
|---|---|
| $10,000 - $29,999 | $200 |
| $30,000 - $74,999 | $500 |
| $75,000 - $199,999 | $1,000 |
| $200,000 - $299,999 | $1,500 |
| $300,000 and above | $2,000 |
Silver Business Checking Package - Up to $800 Bonus
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Key Smart Checking® - $200 Bonus
- Earn a $200 cash bonus when you open a Key Smart Checking account by 12/8/23 and make one direct deposit of at least $500 within 60 days.
- Convenient banking at 40,000+ KeyBank and Allpoint ATMs.
- Key Smart Checking® is a no monthly maintenance fee account
- Set custom alerts so you can receive text or email updates about the account information that's important to you.
- Move money easily with Zelle, mobile check deposit, online banking and more.
- Enjoy chip security, Tap & Go technology and all benefits of Mastercard.
- FDIC Insured.
US Bank: Best National Bank
When it comes to banking, there's a lot to be said for going with a major institution, and in Colorado, US Bank is one of the biggest. US Bank's parent company, US Bancorp, is ranked as the fifth largest banking institution in the country.[1]
They have 109 locations in Colorado at time of writing, more than many of their competitors, with 65 of them in Denver alone.
By choosing to go with US Bank, you get access to over 2,000 branches across the country, and nearly 5,000 ATMs. Services they offer include a range of personal banking options like checking and savings accounts, credit and lending services, and more.
And in addition to their physical locations, they also have an easy-to-use mobile app, to get your banking done wherever you go.
Silver Business Checking Package - Up to $800 Bonus
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Gold Business Checking Package - Up to $800 Bonus
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Platinum Business Checking Package - Up to $800 Bonus
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Platinum Business Money Market Account - 4.60% APY
Receive a bonus interest rate of 4.50% (4.60% APY) from the account opening date when you open a new Platinum Business Money Market Account and complete qualifying activities1, subject to certain terms and limitations. Offer valid through December 5, 2023. Member FDIC. Complete these steps to earn the offer:
- Open a new Platinum Business Money Market Account
- Deposit $25,000 - $2,999,999.99 in new money deposits
U.S. Bank Smartly® Checking and Standard Savings - Up to $450 Bonus
Earn $350 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:
- Enroll in online banking or the U.S. Bank Mobile App
- Make two or more direct deposits totaling $7,500 or more
Earn $100 with a new Standard Savings account.
- Deposit $15,000 or more by December 30, 2023
- Maintain $15,000 or more until June 30, 2024
Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for Checking account
FirstBank: Best Regional Bank
Of course, national banks aren't for everyone. You may be of the opinion that a bank serving the whole country can't serve locals as well as a local bank can. If that's the case, we recommend FirstBank, our top pick for regional banks from Colorado.
Founded in Lakewood, Colorado in 1963, FirstBank has since grown to one of the largest privately held banks in the country, and in Colorado their total deposits come second only to Wells Fargo.
Their history of serving Coloradans means they understand them better than banks from other states, and may be able to offer better services than even their larger competitors.
FirstBank offers both in-person and online banking services, personal and business bank accounts, and a range of lending services.
Personal Checking Account - $300 Bonus
Open a new Bloom Package (Bloom Checking, Bloom Savings, Online Banking, eStatements, and FirstBank Visa Debit Card). Within 120 days of account opening, enroll in online banking and have at least one qualifying direct deposit of $500 or more per month for 3 consecutive months. The first required direct deposit must be made within 60 days of account opening.
Bank of Colorado: Best Local Bank
If you want to get really local, the Bank of Colorado is a local bank with a long history in the Centennial State. Founded all the way back in 1900, the Bank of Colorado has 45 branches, and all but three of them are in Colorado.
While you might not get the same bells and whistles you'll find at a national bank, you can be sure that a local bank like this one will understand your needs as a customer.
Colorado residents get access to free checking with the Bank of Colorado, not to mention savings and home and auto loans. They have locations all around the state, including Denver, Lakewood, Colorado Springs, and dozens of other cities.
And for local business looking to satisfy their banking needs, they offer business banking in addition to their selection of personal banking services.
Chase: Best for Checking
If checking is your primary concern, you might consider Chase Bank.
All three of Chase's checking accounts provide access to their branches and ATMs, online banking services, Autosave automatic transfers, Chase First Banking—an account for parents with a debit card for kids, and no overdraft fees for negative balances less than $50.
Another one of Chase's best features is their branch access. Chase operates 118 branches in Colorado alone, with more than 4,700 branches and over 15,000 ATMs in the U.S.
This can also prove a huge benefit if you're frequently on the road, since you can be sure you're never too far from access to your finances.
They also have a sleek, easy-to-use mobile app, which makes it a breeze to pay bills or cash checks wherever you are. In terms of pure convenience, Chase may be the winner.
Chase Total Checking® - $200 Bonus
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Chase Secure Banking℠ - $100 Bonus
- New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
- Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
- No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
- Track your credit score, get a personalized action plan provided by Experian™ to help improve your score and receive identity monitoring for free through Chase Credit Journey®.
- Chase Secure Banking℠ customers told us they save an average of $50 a month on fees after opening their account.
- JPMorgan Chase Bank, N.A. Member FDIC.
- Pay bills, cash checks and send or receive money with Zelle® all for a $4.95 monthly service fee.
- Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase.com.
Chase College Checking℠ - $100 Bonus
- Enjoy $100 as a new Chase checking customer when you open a Chase College Checking℠ account and complete 10 qualifying transactions within 60 days of coupon enrollment.
- No Monthly Service Fee while in school up to the graduation date provided at account opening (five years maximum) for students 17-24 years old.
- Students ages 18-24 with a Social Security Number can open an account online or at a Chase branch. Students with no Social Security number or who are 17-year-olds can only open an account at a branch.
- Keep track of your money in the Chase Mobile® app. The app helps you manage your money.
- Zelle® is available in more than 1,000 banking apps in the U.S. So you can send and receive money from almost anyone you know and trust who has a bank account in the U.S.
- Access to more than 15,000 Chase ATMs and more than 4,700 branches.
- JPMorgan Chase Bank, N.A. Member FDIC
- Chase Overdraft Assist℠ - no overdraft fee if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Chase Private Client - $3,000 Bonus
- You're eligible for up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities.
- Speak with a Private Client Banker to open your Chase Private Client Checking account today. Schedule your meeting at your nearest branch or over the phone.
- Priority service for everyday banking. Receive personalized attention from a dedicated Chase Private Client Banker who is ready to help you.
- Earn $1,000 when you deposit $150,000 or earn $2,000 when you deposit $250,000 or earn $3,000 when you deposit $500,000.
- No ATM fees worldwide.
- No Chase fee on incoming or outgoing wire transfers.
- Enjoy higher limits on Chase Private Client debit card purchases and ATM withdrawals, as well as higher Zelle® and Chase QuickDeposit℠ limits.
- Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC. Deposit products are FDIC insured up to the maximum amount allowed by law.
J.P. Morgan Self-Directed Investing
- Get up to $700 when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.
- $700 when you fund with $250,000 or more
- $325 when you fund with $100,000-$249,999
- $150 when you fund with $25,000-$99,999
- $50 when you fund with $5,000-$24,999
- Get unlimited commission-free online stock, ETF, fixed income, and options trades when you open an account.
- $0 Online Commission trades
- Choose an account that's right for you: General Investing, Traditional IRA or Roth IRA.
- Access our secure, easy-to-use trading experience online or through the Chase Mobile® app.
- Our powerful tools and resources are built to help you take control of your investments.
INVESTMENT AND INSURANCE PRODUCTS ARE:
CIT Bank: Best Online Bank
CIT Bank is a popular online bank that offers a range of services including high returns on deposits into their savings accounts.
The CIT Savings Builder offers a generous APY with no minimum deposit to open.
CIT is primarily known for savings and CDs, allowing you to grow your wealth through the power of compound interest.
And as an online bank, they're able to cut down on overhead and pass those savings on to you. That's how they can avoid charging any monthly account fees.
With their RampUP CD, CIT ensures you won't get locked into a lower rate if the rates happen to increase after you sign up. If CIT adjusts their rates, you have one opportunity to increase yours as well.
Not to worry if you need to make deposits. That can be done easily through their mobile app, with no need to visit a physical branch office.
Wells Fargo: Best for Small Business Owners
For small business owners in the state of Colorado, the bank of choice may be Wells Fargo.
Wells Fargo continues to be among the most active SBA 7(a) lenders according to reports provided by the Small Business Administration (SBA).[2]
Wells Fargo excels in services that small business owners rely on, including bank accounts, merchant services, and lending. Wells Fargo also has its own business loan offerings in addition to those provided through the SBA.
They earn top marks for transparency, as well. While many business-oriented banks won't disclose interest rates on their loans until you visit a branch office, Wells Fargo posts their rates publicly.
Small business owners will also appreciate the Wells Fargo Initiate Business Checking account, a rarity in business checking thanks to its easily achievable fee waiver.
Personal Checking Account - $2,500 Bonus
Open a new Premier Checking account or upgrade your existing checking account to a Premier Checking account. Use promo code at account opening. Offer code can be obtained by providing your email address. Deposit $250,000 or more to qualifying linked accounts within 45 days of account opening or upgrade. Maintain a balance of $250,000 or more in the qualifying linked accounts for at least 90 days after account opening or upgrade. Link your accounts with a banker or online.
Personal Checking Account - $325 Bonus
Open a new qualifying consumer checking account. Receive a total of $1,000 or more in qualifying direct deposits to the new checking account within 90 calendar days from account opening (qualification period). Bonus will be deposited to the account within 30 days after the qualification period. This offer is for new checking account customers only.
Personal Checking Account - $2,500 Bonus
Open a new Premier Checking account or upgrade your existing checking account to a Premier Checking account. Use promo code at account opening. Offer code can be obtained by providing your email address. Deposit $250,000 or more to qualifying linked accounts within 45 days of account opening or upgrade. Maintain a balance of $250,000 or more in the qualifying linked accounts for at least 90 days after account opening or upgrade.
Savings Account - $525 Bonus
Open a new eligible consumer savings account. Provide the bonus code at account opening. Bonus code can be obtained by providing your email address. Deposit $25,000 or more in new money to the savings account within 30 days of account opening. Maintain at least $25,000 in the account until 90 days after account opening.
Personal Checking Account - $300 Bonus
Open a new qualifying consumer checking account. Receive a total of $1,000 or more in qualifying direct deposits to the new checking account within 90 calendar days from account opening (qualification period). Bonus will be deposited to the account within 30 days after the qualification period. This offer is for new checking account customers only.
Personal Checking Account - $300 Bonus
Open a new qualifying consumer checking account. Receive a total of $1,000 or more in qualifying direct deposits to the new checking account within 90 calendar days from account opening (qualification period). $300 bonus will be deposited to the account within 30 days after the qualification period. This offer is for new checking account customers only.
Bottom Line
Regardless of your banking needs, there's a perfect fit out there for you. For Coloradans looking for a national reach, US Bank is an excellent option, while those who prefer local expertise may prefer FirstBank or the Bank of Colorado.
Those looking for the highest interest rates on their savings may prefer an online-only bank like CIT Bank.
Small business owners will get the most benefit from a partnership with Wells Fargo, which provides a range of business-oriented services. And customers looking for solid checking options will appreciate Chase's many locations across the state.
References
- ^ Federal Reserve Board. Large Commercial Banks, Retrieved 5/1/2022
- ^ "FY2021 lending volume through December 31, 2021.": SBA.gov, 2021.
Jeremy Harshman is a creative assistant at CreditDonkey, a bank comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
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