There are a number of banks in Oregon that offer a variety of personal banking services. These include local banks with branches in a single community and national banks with widespread access through ATMs.
Regional banks have a local feel and may offer ways to waive monthly service fees. But, they typically don’t offer as high APYs as large banks.
Wells Fargo
Wells Fargo has announced plans to exit its offices in Hillsboro, Portland and Salem, a move that will have a major impact on the Oregon economy. The company’s decision to close its Oregon branches is part of a larger strategy to shrink its operations and reduce the size of its workforce.
The bank offers a variety of accounts, including checking and savings accounts, credit cards and mortgages. Customers can also access their funds at ATMs around the country, making it an excellent choice for people who travel frequently.
Oregon residents can choose from a number of local and national banks, including big-name brands and community-focused institutions. GOBankingRates used several factors to determine the best banks in Oregon, including branch and ATM locations, fees and products offered.
Bank of America
Bank of America is a nationwide bank that offers many banking products and services. This includes checking and savings accounts, credit cards, loans, and investing services. They also have a full array of rewards credit cards and offer competitive APYs on savings accounts.
They have a large network of ATMs and branches, and their online and mobile banking experiences are user-friendly and intuitive. They are the best choice for people who want to keep all of their finances with one institution.
Customers who prefer a local experience can opt for Umpqua Bank, which has more than 100 Oregon branches. They also have branches in Washington, California, and Idaho. They are a good option for business owners who want to work with a local institution.
PNC
PNC is a full-service bank that offers an array of products. The company’s Virtual Wallet accounts offer competitive interest rates, and its high-yield savings account is available in select markets. It also offers online banking and 24/7 customer support.
Its fees can be steep, though, so make sure to research them thoroughly. Additionally, its mobile app is often slow and buggy. Overall, PNC is a good option for those who prefer a full-service bank and live near one of its branches.
Regional banks can offer the best of both worlds by offering a wide range of products and low fees. They are also known for providing a local feel and personal service. They can be a good choice for Oregon residents who want to avoid the impersonal feeling of national banks.
CIT Bank
If you’re looking for a bank that pays high APYs and doesn’t have monthly fees, check out CIT Bank. They have a wide range of banking products, including savings accounts and certificates of deposit. They also offer a variety of credit cards and mortgages.
They also pay interest on their eChecking account, which isn’t common in today’s banking landscape. Plus, their money market and savings accounts don’t have monthly service or maintenance fees.
Another top-rated Oregon bank is SELCO, which recently received the highest customer satisfaction ratings in the Northwest. Its employees are always available to help you with your questions and advice. Moreover, its online banking and mobile apps are easy to use. Its branch network is also extensive, with over 50 locations in Oregon and 175 branches throughout the West.
Ally Bank
Located entirely online, Ally Bank offers competitive interest rates and low fees for deposit products. The bank also reimburses ATM fees and offers 24/7 customer service. In addition, the company’s checking accounts earn cash back on debit card purchases. Founded as GMAC Financial Inc, the bank has a strong history of helping auto dealers finance inventory and customers.
Ally’s savings accounts have no monthly fees and a high APY. It also offers a money market account with check-writing privileges. Account balances are FDIC-insured. They are best for those who want to save but don’t need a lot of access to their funds. They are a good choice for people who travel frequently or for those who prefer to bank exclusively online.
Summit Bank
Summit Bank offers a variety of personal banking products in Oregon. They offer savings accounts with competitive APYs, as well as checking and money market deposit accounts. They also provide credit cards and online banking services. They also offer a variety of business deposit and loan products.
They serve local businesses, professionals, and community organizations. They are known for their high-level service and focus on the local economy. They are a popular choice for small and mid-sized businesses in Oregon.
Local banks are usually only present in a single community and offer personalized services. They often charge lower fees and APYs than national or large regional banks. However, they may have higher minimum deposit requirements. They may also charge ATM fees or monthly service charges.
Zions Bank
Whether you’re looking for a new bank to open an account with, or simply a better way to manage your money, there are plenty of options in Oregon. The best banks in Oregon offer a variety of products and services, including checking accounts, savings accounts, credit cards and more. In addition, they provide great customer service.
Banner Bank has over 50 branches in Oregon and 175 throughout the west, but they still feel like your hometown bank. They invest in their customers and the community daily, helping them achieve financial security.
The bank’s standard savings account is low-fee and offers a decent interest rate. Its Premium Interest Checking Account pays even higher rates and comes with free online and mobile banking, ATM access (including three free out-of-network withdrawals per month) and physical branches.