Best Banks in Oregon
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
Oregon offers a mix of national banks, regional banks and credit unions. Washington Federal Bank, U.S. Bank and KeyBank all have a strong presence in the state. This guide to the best banks in Oregon highlights top options for checking, savings and certificates of deposit (CDs).
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TOP OREGON BANKS AT A GLANCE
Bank/Institution
Savings APY
Notable Highlights
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Detailed Reviews of the Best Banks in Oregon
Here’s a closer look at GOBankingRates’ selection of top banks in Oregon.
Gold Winner: U.S. Bank
U.S. Bank is in 26 states and has over 2,000 branches across the country. Some highlights of the bank include their checking accounts, which require only a $25 minimum deposit, as well as a savings account that can offer up to annual percentage yield (APY). U.S. Bank also offers a variety of CDs, including 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 gives customers access to more than 40,000 ATMs and a straightforward Select Checking account with free overdraft protection and the chance to earn interest. For savers with larger balances, its money market account can be a strong option. KeyBank also offers CDs with a $2,500 minimum deposit, including short-term options from just six days to six months.
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 offers four checking accounts that require a minimum deposit of only $25. With the Interest Checking account, you are eligible for a free safe deposit box. CDs require a $1,000 minimum and offer competitive 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
Find the Best Checking Accounts
Best Savings Accounts
CD Account Rates
Best 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. 27, 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 Oregon
Choosing the right bank in Oregon starts with knowing your priorities and matching them to your financial goals.
- Local vs. national banks: If you like personalized attention, it may be in your best interest to consider a bank that is local. If you’d like wide access to ATMs and branches, a national bank may fit your needs. 
- Digital banking availability: Tech-savvy individuals may want to consider a bank with a highly rated mobile app. If you like to conduct transactions no matter where you are and want access 24/7, consider a bank whose platform is user-friendly. 
- Branch and ATM access: If access is important to you, ask about the number of branches and ATMs available in Oregon and nationwide. If you travel frequently, access to ATMs may be an important factor. 
- Fee structures and waivers: Look at the fee schedule carefully and determine if basic accounts require minimum deposits and balances. You don’t want fees cutting into the funds you’re putting into your accounts. 
- Community involvement: Are you interested in your bank’s involvement with the community? Either visit the bank’s about us page to find out what your bank is doing for the community or ask a customer service representative. 
Conclusion
Choosing the right bank in Oregon depends on your priorities — whether it’s high APY, local branches or mobile banking. Explore the best banks in Oregon above and start your application today. 
FAQs About Banking in Oregon
Here’s more information to help you find the best Oregon bank for your needs.- What is the best bank for high-yield savings in Oregon?
- U.S. Bank is the top option for high-yield savings in Oregon, offering up to 3.00% APY on its savings account.
- Which banks have the most ATMs in Oregon?
- KeyBank has a large ATM network, giving customers access to more than 40,000 ATMs.
- Are there any banks in Oregon with no monthly fees?
- Yes. KeyBank offers low-fee savings and no-fee checking accounts, making it a strong choice for those who want to avoid monthly service charges.
More Resources for Banking
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CD Account Rates
Best Money Market Accounts
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