The Best Regional Banks in Throughout the Mountain States

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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.

GOBankingRates’ Top Picks: Best Online Banks of 2022
And More: Best National Banks of 2022

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.

A Better Way to Bank

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%

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

Find Out: 40 Money Habits That Can Leave You Broke

Navy Federal Credit Union

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

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

Bank of America

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

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

Important: 25 Things You Should Never Do With Your Money

Wells Fargo

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

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

American Airlines Credit Union

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

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

See: Old-School Money Advice You Shouldn’t Follow Anymore

Desert Financial

  • Branch locations: 48
  • Checking fee: $0
  • Savings APY: 0.1%
  • 12-month CD APY: 0.35%
A Better Way to Bank

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

KeyBank

  • Branch locations: 1,046
  • 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.

U.S. Bank

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

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

Read More: One-Third of People Have $100 or Less in Their Checking Accounts, Survey Shows — Here’s How Much Experts Say You Should Actually Have

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

A Better Way to Bank

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.

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A Better Way to Bank

About the Author

Andrew Lisa has been writing professionally since 2001. An award-winning writer, Andrew was formerly one of the youngest nationally distributed columnists for the largest newspaper syndicate in the country, the Gannett News Service. He worked as the business section editor for amNewYork, the most widely distributed newspaper in Manhattan, and worked as a copy editor for TheStreet.com, a financial publication in the heart of Wall Street's investment community in New York City.
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