Best Banks in Arizona
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
For Arizona residents, the banking landscape has national banks, regional banks and so-called superregionals that fall somewhere in the middle. Regional banks often have lower fees, different types of loans and local expertise. Larger banks, on the other hand, might have perks that save you money and add value to your accounts. Before you decide where to open an account, review GOBankingRates’ Best Banks in Arizona for 2025 to compare your state’s best options.
Show More
Commitment to Our Readers
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.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
TOP ARIZONA BANKS AT A GLANCE
Bank/Institution
Savings APY
Notable Features
Find Out More
Detailed Reviews of the Best Banks in Arizona
Three banks stand out as Arizona’s best. Keep reading to learn more.
Gold Winner: U.S. Bank
U.S. Bank is a superregional financial institution with a physical presence in 26 states, including Arizona. Despite its large footprint, most U.S. Bank transactions happen online. As a result, the bank has introduced a full suite of digital tools that make managing your Arizona checking and savings accounts easier, and provide better access to customer service.
U.S. Bank has an A- Better Business Bureau rating. Bauer Financial gives it five stars for “superior” financial health.
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.
Show Pros, Cons and More
Hide Pros, Cons and More
Silver Winner: MidFirst Bank
MidFirst Bank is a full-service regional financial institution with branches throughout the Valley. True to its community roots, MidFirst gives Arizonans several ways to manage their money, including checking and savings accounts with no or low fees.
The Better Business Bureau rates MidFirst Bank an A+, and half the customers rating it on TrustPilot give it five stars.
Best For
Low Monthly Fees
Loan Options
Low Minimum Deposits
Savings Account Options
Business Accounts
Tiered Rates on Checking and Savings
MidFirst Bank has an extensive choice of checking and savings accounts. The savings accounts and interest-bearing checking accounts earn tiered rates that are quite competitive at the highest levels.
Total Branch Locations
Over 20
Mobile App Rating
4.8 on the Apple App Store and 3.7 on Google Play
Other Products Offered
Checking, savings, money market, CDs, individual retirement accounts, investing, loans
Pros
- Competitive interest rates
- Large number of accounts to choose from
- 0.50% rate discount on MidFirst loans with any MidFirst bank account
Cons
- Relatively high minimums to open an account
- High balance required to waive maintenance fees on some accounts
- Just 20 fee-free ATMs
Why We Like MidFirst
In addition to an outstanding selection of Arizona checking and savings accounts, including some with high yields, MidFirst Bank throws in extras like EasySave debit roundups, early pay and refer-a-friend bonuses. The result is a well-rounded bank that can serve most of Arizonans’ financial needs.
Show Pros, Cons and More
Hide Pros, Cons and More
Bronze Winner: BMO
BMO is North America’s eighth-largest bank, and it has a larger presence in the state than the other top banks in Arizona. Although based in Canada, BMO supports Arizona communities through sponsorships, partnerships and a financial education hub that helps customers identify and achieve their financial goals.
BMO has an A+ rating from the Better Business Bureau and a five-star “superior” rating from Bauer Financial.
Best For
Premium Checking Accounts
Mobile Banking
Account Perks
Low Monthly Fees
Loan Options
No-Fee Checking and Saving
BMO gives you several ways to spend and save, including accounts with no maintenance fees, checking with $0 overdrafts and a savings account that earns up to $60 in bonuses when you save $200 per month in the first year. Standard CD rates are low, but CD specials come with higher yields.
Total Branch Locations
Over 1,000
Mobile App Rating
4.8 on the Apple App Store and 4.6 on Google Play
Other Products Offered
Checking, savings, CDs, loans, investing
Pros
- Low- and no-fee accounts
- Relationship rates for qualifying accounts
- Large network of fee-free ATMs
- Strong customer support
Cons
- Low APYs on savings accounts and on money market balances under $250,000
- No interest on checking accounts
- High-yielding BMO Alto online accounts not available or supported through BMO
Why We Like BMO Bank
BMO has a smaller selection of accounts compared to the other best banks, but they cover all the bases, with low- and no-fee accounts and ways to maximize your savings. BMO also has great customer support options, including digital support and extensive availability by phone.
Show Pros, Cons and More
Hide Pros, Cons and More
Best Banks
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 July 31, 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 Arizona
You’ll find no shortage of banks and credit unions in Arizona, so finding the best one can be challenging. Here are some things to consider as you compare your options.
- Local vs. regional vs. national: Local Arizona banks have a larger stake in the community, but they often lack the resources to provide the perks offered by regional and national banks.
- Accounts: Be sure any bank you’re considering has checking and savings accounts that have the features you need, with no restrictions that might affect access to your money.
- Fees: Look for accounts with either no monthly maintenance fees or bank fees that are easily waivable, plus $0 overdraft fees and free ATM access.
- Availability: Check branch locations and note whether or not you need an appointment to talk with a banker.
- Digital banking: Your bank’s online and mobile platforms should be easy to navigate and give you full access to your accounts.
- Rewards and promotions: Many Arizona banks offer bonuses and rewards for new customers — these will add value to your accounts.
Conclusion
The best checking, savings and CD accounts in Arizona are easy to open, affordable to maintain and ideally, earn you good rates on your money. Review GOBankingRates’ top banks in Arizona that meet those standards, and apply for your new accounts today.
FAQs About Banking in Arizona
Here’s more information to help you find the best Arizona bank for your needs.- What is the best bank for high-yield savings in Arizona?
- Among Arizona's top three banks, MidFirst Bank is the best for high-yield savings.
- Which banks have the most ATMs in Arizona?
- U.S. Bank has a large network of fee-free and no-surcharge ATMs. You can search ATMs in your area on the website of any bank you're considering.
- Are there any banks in Arizona with no monthly fees?
- All three of GOBankingRates' best Arizona bank picks have accounts with no monthly fees or fees that are easy to waive.
More Resources for Banking
Best Banks
Best Checking Accounts
Best Savings Accounts
CD Account Rates
Best Money Market Accounts
Daria Uhlig contributed to the reporting for this article.
See Best Banks Winners From All Categories
