Best Banks in Colorado in 2024

Chase is the largest bank in the United States and operates one of the largest branch networks in Colorado, so it’s a strong choice for banking at home or when traveling nationwide. It offers almost anything you need from a financial institution, including outstanding customer service, an excellent credit card program and business banking.

As a traditional brick-and-mortar bank, account fees can be high and savings account interest rates low. But if you want in-person service at a local branch, those drawbacks are the price of admission.

Types of accounts

• Checking.
• Savings.
• CDs.
• Credit cards.
• Home loans.
• Auto loans.
• Investments.
• Business banking.

Number of branches

• More than 4,700 nationwide, and more than 100 in Colorado.

When it comes to online-only banking, Sofi is tough to beat. SoFi meets nearly every financial need—checking, savings, investments and loans—aside from branch loans. Accounts come with low fees, competitive high-yield interest rates, and an intuitive mobile app.

SoFi doesn’t charge ATM fees, but it also doesn’t reimburse fees for out-of-network ATMs. And you need a recurring direct deposit to get the best interest rates.

Of course, if you want in-person customer service, SoFi likely isn’t for you.

1. Up to $300 Bonus Tiered Disclosure New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Direct Deposit can earn 4.00% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the 4.00% APY for savings (including Vaults). Members without Direct Deposit will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 12/3/2024. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
2. APY disclosures: SoFi members with Direct Deposit or $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 4.00% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either Direct Deposit or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi members with direct deposit are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of 12/3/24. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
3. Fee Policy: We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.

Types of accounts

• Checking.
• Savings.
• Credit card.
• Investments.
• Student loans.
• Personal loans.
• Mortgages.

Number of branches

• None.

U.S. Bank is the fifth largest bank nationwide by deposits—despite operating in only about half of all states. There are 90 branches across Colorado, as well as ATMs at 7-Eleven and other partners. It offers nearly every banking service you need, including diverse savings and lending options.

Like other traditional financial institutions, savings interest rates aren’t exciting, and account fees can be high—particularly if you don’t meet minimum balance requirements. Still, for Coloradans looking for just one financial relationship, in-person service, and a wide ATM network, U.S. Bank is a good option.

Types of accounts

• Checking.
• Savings.
• CDs.
• Money market savings.
• Credit cards.
• Investing.
• Personal loans.
• Auto loans.
• Home loans.

Number of branches

• 2,300 nationwide, and 90 in Colorado.

Chime is an online-only bank with a simple, straightforward offering: few to zero fees. In fact, Chime’s checking and savings accountsonly charge for using an out-of-network ATM. Even its credit card doesn’t charge interest or ongoing fees, though it does require a security deposit

There are no physical branches. However, Chime customers can use more than 60,000 free ATMs at stores, including Walgreens, 7-Eleven, CVS Pharmacy, and Circle K. You can also deposit cash with no fees at Walgreens. You can overdraft up to $200 without fees. (Further overdrafts are declined automatically.)

Types of accounts

• Checking.
• Savings.
• Credit card (secured).

Number of branches

• None.

Young Americans Bank is uniquely designed to help teach young people about personal finance. There are two branch locations in the Denver area, and online banking wherever you have internet access. In addition to kid-friendly bank accounts, it offers financial education that can help young customers well into adulthood.

The checking account has no recurring fees or minimum balance requirement, and it takes just $10 to open a new account. Savings and CD accounts offer a modest interest rate for no fees. Credit cards and loans are also available—a rare offering for young people.

Types of accounts

• Checking.
• Savings.
• CDs.
• Credit cards.
• Loans.

Number of branches

• 2