Best Banks in Washington
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
Washington residents can choose from both community-focused banks and large national institutions. Smaller banks emphasize personalized service, while larger ones provide broader branch and ATM access. Across the state, you’ll find options for checking, savings, certificates of deposit (CDs), wealth management, loans and business banking. This guide highlights the three banks that GOBankingRates ranked as the best in Washington.
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GOBankingRates' editorial team is committed to bringing you unbiased bank 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 in-depth bank review methodology.
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TOP WASHINGTON BANKS AT A GLANCE
Bank/Institution
Savings APY
Notable Features
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Detailed Reviews of the Best Banks in Washington
Here are GOBankingRates’ top picks for the best banks in Washington for 2025.
Gold Winner: U.S. Bank
U.S.  Bank is the fifth-largest bank in the country and has over 2,000 branches across 26 states. If you’re looking for choices in CDs, U.S. Bank has four options: standard CDs, step-up CDs, trade-up CDs and high-yield CD Specials. 
Best For
Investment Management
Personal Loans
Corporate and Commercial Banking
Home Loans
National Banks
$25 Minimum Deposit for Checking Accounts
U.S. Bank provides services for everyday banking and specialty services like loans, investments and commercial banking. The U.S. Bank app is user friendly and there are approximately 2,200 ATMs across 26 states.
Total Branch Locations
Over 2,200
Mobile App Rating
4.8 on the Apple App Store and 4.7 on Google Play
Other Products Offered
Everyday banking, investment management, corporate and commercial banking, home, vehicle and personal loans
Pros
- Diverse product offerings
- Extensive branch and ATM network
- 24/7 customer service
Cons
- Low interest rates on savings accounts
- Monthly maintenance fees
- High overdraft fees
Why We Like U.S. Bank
U.S. Bank offers a wide range of banking products, including checking, savings, loans and investment services, making it a one-stop solution for financial needs. It has an extensive branch and ATM network and a user-friendly app.
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Silver Winner: KeyBank
KeyBank customers have access to over 40,000 ATMs nationwide and a full array of financial products, including checking, savings, CDs and money market accounts. One highlight of the checking accounts is that they require no monthly maintenance fees. KeyBank also has a highly rated app and digital tools to enhance your on-the-go experience. 
Best For
Mobile Banking
Low Monthly Fees
Personal Loans
Credit Cards
Interest Checking
Low-Fee Savings and No-Fee Checking Accounts
KeyBank stands out for its impressive selection of checking and savings accounts with benefits smaller banks rarely offer. Key Select checking customers enjoy a APY plus a $100 annual bonus with qualifying direct deposits.
Total Branch Locations
Over 1,000
Mobile App Rating
4.7 on the Apple App Store and 4.6 on Google Play
Other Products Offered
Checking, savings, CDs, credit cards, personal loans and lines of credit
Pros
- Comprehensive selection of accounts
- Bonus and rewards programs
- Low- and no-fee options
- Large network of ATMs
Cons
- High fees on some accounts
- Only one interest-bearing checking account
- Branch access is limited
- High overdraft fee
Why We Like KeyBank
KeyBank offers a well-rounded selection of checking and savings accounts with perks like automatic savings, early pay and overdraft forgiveness for overdrafts of $20 or less. Customer service for online and mobile banking is available by phone seven days per week, and you can make an appointment at your local branch to meet face-to-face with a representative.
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Bronze Winner: Washington Federal Bank
Washington Federal Bank was founded in 1917 and has 200 branches in over nine states. The bank ranks high for Washington checking accounts — they offer four different checking accounts that provide additional rewards, including credit monitoring, theft reimbursement and health discounts. Promotional CDs are often offered at high rates.
Best For
Low Monthly Fees
Mobile Banking
Wealth Management
Home Loans
Credit Cards
Competitive Tiered Rates
A standout account offering from Washington Federal is the High Yield Money Market account. The tiered APY goes up to APY, depending on your balance. You only need $1,000 in your account to avoid the $10 monthly service charge. This gives you more opportunities to boost your interest income.
Total Branch Locations
Over 200
Mobile App Rating
4.7 on the Apple App Store and 2.6 on Google Play
Other Products Offered
Checking, savings, money market, CDs, IRAs, home loans, accounts for kids, wealth management, business banking, credit cards
Pros
- The bank offers secured credit cards
- Low initial deposits for some accounts
- The High Yield Money Market account has competitive rates for a physical bank
Cons
- Branches are only located in the Southwest
- Low APYs for most savings accounts
- Most checking accounts do not come with free checks
Why We Like Washington Federal Bank
Washington Federal Bank has some financial products with competitive APYs. You can also open a secured credit card with the bank if you need to improve your credit score or establish credit history before applying for a mortgage.
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Best Banks
Checking Accounts
Savings Accounts
CD Account Rates
Money Market Accounts
Research Methodology
To discover the Best Banks by state, GOBankingRates analyzed the top institutions (excluding online banks and neobanks) by state branch locations. To determine rankings, GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) were weighed 0.5 times, factor (5) was weighed 2.5 times and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Nov. 8, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Aug. 29, 2025.
To qualify as one of the Best Banks in the state, the institution needed at least five branch locations in the respective state, with some exceptions for larger and/or smaller states.
How To Choose the Right Bank in Washington 
When choosing a bank in Washington, start by considering your financial goals and which features matter most to you. Whether you want a statewide presence, a large ATM network or strong digital tools, the right choice depends on how you like to manage your money.
- Local vs. national banks: Local bank branches often offer personalized attention. National banks, on the other hand, tend to have more ATM accessibility and reliable mobile apps for those who are on the go. Weigh the pros and cons of both and decide what is the most convenient choice for you. 
- Digital banking: Check how your bank is rated in the Apple App Store and on Google Play. If you’re someone who likes banking without having to go to a branch, digital banking availability will be an important consideration. 
- Branch and ATM access: If you need access to a large number of ATMs and branches, a national bank may work better for you. Regional banks tend to have smaller ATM networks. 
- Fee structures and waivers: Have you asked about fees? Before signing up for an account, check the fees and minimum balance requirements. If there are fees, is it easy to waive them? You don’t want a hefty amount of fees eating up your account balances. 
- Community involvement: What is your bank doing for the community? If you’d like your bank to be philanthropic, check out the ways they are helping local businesses in and around you. 
Final Take
The good news is that Washington offers plenty of banking options. Whether you value a high-yield savings account, flexible CD choices or strong business banking services, focus on what matters most to your financial goals and choose the best bank in Washington that fits your needs.
FAQs About Banking in Washington
Here’s more information to help you find the best Washington bank for your needs.- What is the best bank for high-yield savings in Washington?
- U.S. Bank offers a Smartly Savings account with tiered rates up to 3.00% APY, making it a strong option for savers.
- Which banks have the most ATMs in Washington?
- KeyBank gives customers access to more than 40,000 ATMs nationwide, while U.S. Bank has about 2,200 ATMs across 26 states, including Washington.
- Are there any banks in Washington with no monthly fees?
- KeyBank stands out for its checking accounts with no monthly maintenance fees. Washington Federal Bank also offers options to avoid service charges, such as maintaining a $1,000 balance in its High Yield Money Market account.
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