Contributor, Benzinga
July 2, 2020

Finding the right bank for your unique financial needs is no small task. Today’s banks offer mobile banking in addition to traditional savings and checking accounts. You’ll also find unique perks and interest-earning opportunities.

If you’re overwhelmed with the options, start with Benzinga’s guide to the best banks in Oregon. 

Best Banks in Oregon Near You:

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

Best Checking Account: Axos Bank

Axos Bank is an online bank that lets you take out a mortgage, refinance, qualify for an auto loan, personal loan, invest and more. It’s known for its checking account options and perks. 

Axos checking account choices include:

  • Rewards Checking: earn up to 1.25% APY, get reimbursed for all domestic ATM fees and never incur any overdraft or non-sufficient fees. It's a great choice if you use your debit card often. 
  • Essential Checking: you’ll be reimbursed for all domestic ATM fees, never incur any overdraft or non-sufficient fees and receive your paycheck up to 2 days earlier. Most importantly, there are no monthly maintenance fees. 
  • CashBack Checking: earn 1% cash back on eligible debit card purchases when you maintain a balance of $1,500. You’ll also be reimbursed for all domestic ATM fees. 
  • Golden Checking: earn 0.20% APY, unlimited check writing privileges, up to $8 in monthly ATM fee reimbursements, pay no monthly maintenance fees or minimum account balance. You’ll need to be at least 55 years old to qualify. 
US Bank – personal banking
securely through US Bank – personal banking's website

Best for Accessibility: U.S. Bank

U.S. Bank offers mobile, online and in-person banking services. Some people prefer a physical bank location — you’ll find plenty of U.S. Bank branches and ATMs throughout Oregon. 

U.S. Bank offers personal checking accounts, savings accounts, credit cards, mortgages, refinance options, loans, credit lines, investment solutions and can even help you plan your retirement. It has a selection of savings accounts without monthly fees. There are also many ways you can opt out of checking account maintenance fees. 

U.S. Bank also offers banking solutions for businesses valued up to $20 million. These include checking accounts, savings accounts, credit cards, money market accounts, lending and much more. There are also wealth management and investment advisory services able for private clients and businesses. 

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

Best Savings Account: CIT Bank

CIT Bank is an online bank that offers checking accounts, loans and learning resources. Its speciality lies in its diverse range of saving options.

Choose between 2 different savings accounts that require various minimum balances and offer APY up to 1.15%. Both are FDIC-insured and incur no maintenance fees. 

Looking for an even higher APY? You can earn 1.20% and incur no monthly fees with a Money Market Account. The minimum opening deposit is $100. 

CIT Bank also offers certificates of deposit (CDs). APY ranges from 0.72% to 1.10%.

Bank of America Banking
securely through Bank of America Banking's website

Best for Credit Cards: Bank of America

Bank of America serves private individuals, small businesses and larger institutions. Its personal banking services include checking accounts, savings accounts, mortgages, personal loans, auto loans, investing services and learning resources. Wealth management and investment advisory services are handled by Merrill Lynch. All Bank of America accounts are accessible online and through the mobile bank app. 

Bank of America also boasts a large selection of over 20 different credit cards with unique benefits. Credit Cards benefits include travel rewards, airline rewards, cash rewards and low interest rates. While some credit cards charge annual fees, there are cashback and travel rewards cards that don’t incur any fees. 

Best for Online Banking: BBVA

BBVA offers personal banking, small business solutions, investment banking and wealth management services. Its personal banking features include checking, saving, credit cards, lending, mortgages, investments and learning resources. BBVA also boasts an award-winning mobile app to access your accounts anywhere and anytime. 

Online checking and savings accounts are FDIC-insured and incur no monthly maintenance fees. You’ll always be reimbursed for ATM fees when you use the BBVA Visa Debit Card. And you can expect to earn an APY of 0.05% on your savings account. You can open an online checking account or savings account with only a $25 minimum deposit. 

Frequently Asked Questions

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

A: No. Most banks don’t charge you for downloading and using the mobile app. 

Q: What do I need to open a bank account?

A: You’ll need your identification, Social Security number and personal information. Your bank might also have other requirements. It’s a good idea to contact your bank’s representative to learn about any additional requirements. 

Find the Right Bank 

The right bank can help you better manage your finances and save more money for your goals. Start with our list of recommended banks to find the right choice today.


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

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