Advertiser Disclosure

The Best Regional Banks in Throughout the Mountain States

January 21, 2022

4 min Read

Written by Andrew Lisa

Edited by Susan Kim

damircudic / iStock.com

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 Years
Helping You Live Richer

Reviewed
by Experts

Trusted by
Millions of Readers

The geographically massive Mountain region — and its many banks and credit unions — spans from the border of Canada to the border of Mexico and from California to the Midwest. It includes New Mexico, Arizona, Colorado, Utah, Nevada, Wyoming, Idaho and Montana.

Same as every other region in the country, a few giant corporate banks are listed among the best in the area, along with some regional heavyweights with a few hundred branches and smaller chains with a few dozen. Unlike some regions, however, none of the top 10 are truly tiny franchises with only a few locations.

GOBankingRates identified the best banks and credit unions in the Mountain region by examining the savings and 12-month CD yields offered by each, as well as the number of branch locations and whether or not they charge checking fees. Those four primary considerations are outlined in the list, but the rankings also weighed the presence or lack of human-to-human live chat and 24/7 customer service, as well as each bank’s other offerings, like credit cards, car loans, insurance, mortgages and investment services. Finally, the rankings considered reviews and ratings for each institution’s app in the Android and Apple stores.

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

JP Morgan Chase

Branch locations: 4,960
Checking fee: $12
Savings APY: 0.01%
12-month CD APY: 0.02%

Navy Federal Credit Union

Branch locations: 298
Checking fee: $0
Savings APY: 0.25%
12-month CD APY: 0.55%

Bank of America

Branch locations: 4,215
Checking fee: $12
Savings APY: 0.01%
12-month CD APY: 0.03%

Wells Fargo

Branch locations: 5,024
Checking fee: $10
Savings APY: 0.01%
12-month CD APY: 0.01%

American Airlines Credit Union

Branch locations: 38
Checking fee: $4.75
Savings APY: 0.40%
12-month CD APY: 0.50%

Desert Financial

Branch locations: 48
Checking fee: $0
Savings APY: 0.1%
12-month CD APY: 0.35%

KeyBank

Branch locations: 1,046
Checking fee: $0
Savings APY: 0.01%
12-month CD APY: 0.05%

U.S. Bank

Branch locations: 2,319
Checking fee: $6.95
Savings APY: 0.01%
12-month CD APY: 0.05%

Ent

Branch locations: 45
Checking fee: $0
Savings APY: 0.05%
12-month CD APY: 0.29%

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

BMO Harris

Branch locations: 552
Checking fee: $0
Savings APY: 0.01%
12-month CD APY: 0.05%

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

More From GOBankingRates

Methodology: To discover the Top 100 Best Banks, GOBankingRates looked at all institutions with available published data (National, Regional, Local, and Online) from the 2021 Best Banks categories as well as all Credit Unions with over $1 billion in total assets and accessible to a wide audience. GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC and NCUA; (2) number of branch locations as sourced from the FDIC and NCUA; (3) checking account annual fee; (4) savings account APY rate; (5) 12-month CD APY 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 (auto loans, mortgage loans, credit cards, investment services, and insurance); and (9) the average mobile app rating between the android and apple stores. All factors were then scored and combined, with the lowest score being best. Factors (1) and (4) were weighted 1.5 times in final scoring, 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 basic accounts/products offered at each institution was analyzed. All data is up to date as of 12/8/21, rates and fees subject to change.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.