Best Banks in Colorado

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Contributor, Benzinga
August 18, 2020

Choosing the right bank is one of the most important decisions you can make. But you need to have all the correct information at your disposal. We’ve identified the best banks in Colorado to help you get a head start. 

Best Customer Service: BBVA

BBVA works with personal banking consumers, small businesses, corporate and commercial clients. BBVA’s personal banking clients can access checking accounts, savings accounts, credit cards, lending options, mortgages and wealth management services. 

BBVA has 3 different checking accounts to choose from. Checking accounts are either no-fee or allow you to waive fees under certain conditions. BBVA also offers a variety of savings options. You can choose from online savings accounts, certificates of deposit (CDs), money market accounts and IRAs. 

You can open and manage your BBVA checking and savings accounts by going online or through mobile banking. The mobile app lets you pay your bills, deposit checks, send and receive money transfers and even get security alerts sent straight to your phone. If you ever need to get in touch with a bank representative, you can easily do so via text, email or over the phone. 

US Bank – personal banking
securely through US Bank – personal banking's website

Best for Mortgages: U.S. Bank 

U.S. Bank is one of the most popular banks in the United States. U.S. Bank serves consumers, small businesses and larger commercial clients. U.S. Bank can offer you checking accounts, savings accounts, credit cards, mortgages, refinancing options and wealth management services. 

Businesses can open checking accounts, savings accounts, a money market account and more. U.S. Bank also helps businesses valued under $20 million obtain loans, credit cards, merchant services and payroll services. 

If you’re in the market for a new home, you’ll be glad to hear that U.S. Bank lets you prequalify for a mortgage online. The U.S. Bank prequalification process is free and will never impact your credit score. Once you’re prequalified, it will be easier to look at possible homes and make an offer. You can also fill out a mortgage application online. U.S. Bank offers fixed rate-mortgages, adjustable-rate mortgages, FHA loans, investment properties loans and more. 

CIT Bank
Best For
  • Business and Personal Checking
securely through CIT Bank's website

Best Savings Accounts: CIT Bank 

CIT Bank is an online bank that helps you save, borrow and manage your finances. CIT Bank offers personal banking clients online checking accounts, savings accounts and home loans.  Everything can be easily managed online or through CIT Bank’s mobile app.

CIT Bank offers savings products for different kinds of financial goals and timelines. You can access short-term, long-term and even flexible savings solutions. There are several savings accounts to choose from as well as a money market account and various CDs. Different savings options come with different terms and APYs — you can choose the right account that’s in line with your personal preferences

First Citizens Checking Account
Best For
  • Best for Affordable Fees
securely through First Citizens Checking Account's website

Best for No-Fee Checking: First Citizens Bank 

First Citizens Bank is a division of First Citizens Bank & Trust, which is headquartered in Raleigh, North Carolina. First Citizens Bank operates in the personal, business and wealth management sectors. The bank also offers home insurance, auto insurance, property management and financial planning services. 

Personal banking customers can get checking accounts, savings accounts, loans, insurance products, credit cards and more. First Citizens Bank offers 5 unique checking accounts with free features and benefits. Prestige and Premier checking accounts allow you to enjoy a complimentary Your Family First® package. The package comes with unique discounts and benefits to help you manage your family’s financial future. You can get help with budgeting, financial planning, insurance and more. 

You’ll also qualify for perks like $200 toward closing costs on a First Citizens Bank mortgage and 2,500 bonus points on a First Citizens Rewards Visa® card. 

Axos Bank Savings
Best For
  • No Maintenance Fees
securely through Axos Bank Savings's website

Best for Investing: Axos Bank

Axos Bank is an online bank that offers banking products for consumers and businesses. Axos Bank operates checking accounts, savings accounts, CDs, mortgages, refinancing options, loans and managed investment portfolios.

You can choose your checking account from a total of 5 different options. Each of Axos’ checking accounts is designed for a particular type of customer and comes with unique perks. These perks include no-fees, early paycheck deposits, unlimited ATM fee reimbursements and even APY on your checking account balance. 

Axos Bank also offers wealth management and financial planning services. Axos Bank operates an automated investing tool that analyzes your financial goals, recommends a personalized portfolio and even manages your portfolio. Unlike most investing platforms, there are no minimums to begin. 

Frequently Asked Questions

Q: Do I need to pay more for mobile banking?

A: Since mobile banking is one component of customer service, it’s usually free to download and use a mobile app. 

Q: Are there different requirements to open a checking and savings account?

A: Most of the time you will need your identification, Social Security number and personal information to open either account. There may also be additional requirements depending on your bank. 

Banks in Colorado 

Now that you have our take on the best banks in Colorado, it’s time to figure out which banking features are most important to you. Maybe you value no-fee checking or perhaps an above-average APY is most important for you. Whichever the case, make sure to pick the bank that best suits your financial needs. 


To determine the best banks in Colorado, Benzinga analyzed over 100 banks and financial institutions. We gave weight to banks in Colorado with co-op ATMs and cashback options. We also gave greater rankings to banks that offer the following: checking and savings accounts, online banking, personal loans, mortgages, educational resources and a mobile app.

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