10 Best Banks in Colorado in 2023

Here is an article that discusses the best banks in the state of Colorado and more.

Colorado is home to several financial institutions, but in this guide, we will be looking at the best banks in the state. Whether you are a resident of Denver, Colorado Springs, or any other major city, you will find both national and regional banks in your area.

These banks offer the best checking and savings accounts, with high-interest rates. Some are exclusively online and you can also get auto loans, mortgages, and wealth management services from the banks on our list.

The state of Colorado is the eighth-largest state in the country in terms of land mass. As of 2021, the population in Colorado was over 5.8 million.

The Centennial State currently attracts thousands of tourists every year. Due to the huge presence of tourists in the state and its population, we can all agree that Colorado is becoming a hub for big-time industries and businesses.

For the state of Colorado to maintain and sustain the growth of its industries and businesses, the best financial institutions and services must be in place.

To find out the best banks in the state of Colorado, check out our list.

Best Banks in Colorado

How to Select the Best Bank in Colorado

There are several factors to consider when choosing the best banks in any state. Here are things to consider when choosing the best financial institution.

Account Services

Generally, most banks offer savings, checking, certificate of deposits (CDs), and money market accounts (MMAs). Banks that offer these types of accounts and more are institutions you should bank with.

Also, consider other options such as loans, mortgages, retirement accounts, and investments.

Also Read: 20 Best Banks in the U.S in 2023


Avoid banking with institutions that charge monthly maintenance fees. Beware of those banks that also charge a monthly fee for performing transactions like wire transfers, ATM withdrawals, late payments, overdrafts, etc.

Interest Rate

Currently, you will receive the national average saving rate of 0.19% when you bank with a traditional bank. However, credit unions and online banks offer a higher interest rates.


With mobile banking apps and online accounts, you have easy access to your money anytime. Mobile apps make it easier for you to access your funds with your smartphone anywhere, anytime.

Customer Service

Customer service is one of the reasons we all choose to stick with a particular bank. The quick responses to attend to concerning issues are what most people look out for when choosing a bank.

Banks with user-friendly platforms such as phone and chat support, virtual assistant, and private messaging are among the best.

10 Best Banks in Colorado

If you are a resident of Colorado or you intend to relocate to the state, here are the best banks you can find in the Centennial State.

#1. ANB Bank

First on our list of best banks in Colorado is ANB Bank. It’s a financial institution that offers a variety of banking accounts and services. This bank also provides a full suite of loan offerings for customers.

ANB Bank is one of the most reliable institutions trusted by residents of Colorado to safeguard their funds. With as little as $25, you can open a checking account with ANB Bank. Account holders do not have to worry about paying a monthly maintenance fee.

ANB Bank protects its customers from identity theft, and overdraft and provides an online financial advisor.

When it comes to choosing a reliable and sustainable financial institution, ANB Bank is one of the best options. They provide one of the best financial services you can find in the state of Colorado.

#2. Integrity Bank & Trust

Integrity Bank & Trust is one of the best banks in the state of Colorado. The bank is concerned about keeping its customer’s funds safe.

When you visit the official website of Integrity Bank & Trust, you will find a fraud alert notifying customers not to share their credentials or MFA Codes. The bank also offers digital banking, which provides a unique experience to its customers.

The staff at Integrity Bank & Trust are motivated by satisfying the financial need of its customers.

Integrity Bank & Trust has several branch locations in Colorado Springs and you can also find a branch in Monument. The bank only has a few branches in Colorado, but it remains one of the best banks in the state.

Integrity Bank & Trust offers a checking account that does not require monthly service fees. With a minimum deposit of $100, you can become an account holder with Integrity Bank & Trust.

#3. FirstBank

Founded in 1963 and headquartered in Lakewood Colorado, FirstBank is one of America’s privately held banks and financial services company. It currently operates over 100 branch locations in Colorado, California, and Arizona.

According to the Federal Deposit Insurance Corporation (FDIC), FirstBank is the largest regional bank in the Centennial State.

As a regional bank in the state of Colorado, FirstBank tends to have about $10 billion or lower in deposits. Besides that, regional and community banks are known to only open branches in a few states. That’s why you have over 100 branches in Colorado, Arizona, and California.

FirstBank offers savings and checking accounts to its customers. It’s a reliable financial institution that can help individuals take out a mortgage and also encourage small businesses. They also provide investment retirement accounts, estate planning, endowments, etc.

Lastly, if you own a small business in Colorado, FirstBank provides business loans, business credit cards, and line credits.

#4. KeyBank

Next on our list of best banks in Colorado is KeyBank.

Headquartered in Cleveland Ohio, KeyBank is one of America’s largest financial institutions. It’s a regional bank that maintains over a thousand branch locations in 15 states across the U.S.

Colorado is one of the states where you can find a branch of KeyBank. The bank offers a free checking account which is considered the best option for consumers in the state.

KeyBank features include mobile banking apps, online bill paying, debit cards and so much more.

With a minimum of $50, you can open an Express Checking account with KeyBank. Keep in mind that KeyBank’s Express Checking account does not have any monthly fees.

#5. U.S Bank

U.S. Bank is next on our list of best banks in Colorado. The bank is one of the largest institutions in the United States, with over 3,000 branches across the country. Eighty-three of those branch locations can be found in Denver. Los 

U.S Bank also has a large ATM network and about 50 of the bank’s ATMs are located in Denver.

Now it’s important to know why you should avoid using an out-of-network ATM. If you do that, U.S Bank will charge you $2.50, which they consider a standard charge.

Customers of U.S Bank may be eligible for two ATM fee reimbursements in a month, depending on the type of account they have.

Generally, U.S Bank offers three tiers of checking accounts, which include Silver, Gold, and Platinum. If you pair any of the checking accounts with savings, credit cards or personal loans, you will receive a perk from U.S Bank.

In addition, if your own a Silver Checking account, you will receive ways to waive the $8.95 monthly fees once you open a money market account (MMA).

Also Read: 10 Best Banks in Tennessee in 2023

#6. CIT Bank

CIT Bank is a reliable financial institution that offers High-Yield Savings, Money Markets, CDs, and Custodial Accounts. The bank’s Savings Builder Account offers a 1.00% APY.

You can only receive the 1.00% APY if you manage and maintain an account balance of at least $25,000. The 1.00% APY can also be yours if you can keep up with $100 or more in monthly deposits.

If you are unable to meet this standard, you will receive a 0.40% APY. You will need a minimum of $100 to open the CIT Bank’s Savings Builder account.

Additionally, CIT Bank also offers other savings accounts and they include;

  • Money market account
  • Premier High-Yield Savings account
  • 6-month to 5-year term CDs
  • 2-year to 5-year jumbo CDs
  • 1-year to 4-year “RampUp” CDs
  • No-Penalty/11-Month CD

#7. Bank of Colorado

Bank of Colorado is one of the renowned financial institutions in the state. It’s a full-service bank with online banking and currently has some of the best features you would expect from a bank.

The bank offers you an opportunity to bank on your terms with its mobile and online banking. Their mobile and online banking provide options like contactless payments, online bill pay, and remote deposits.

With the Bank of Colorado’s online banking, you have easy access to your funds and you can complete transactions anytime you want

Bank of Colorado is not just one of the best banks in the state, it’s also one of the best options for students.

#8. Wells Fargo

As of 2021, there were over 5,000 branches and 12,000 ATMs across the United States owned by Wells Fargo. The bank remains the fourth-largest in the country by total assets.

Although Wells Fargo is headquartered in San Francisco California, it currently operates over 160 branches in Colorado. 

Well, Fargo offers a standard checking account which requires a $10 monthly maintenance fee. With just $25, you can open a checking account with Wells Fargo.

#9. First National Bank

First National Bank has a huge presence in Colorado, with over 100 branch locations in the state. It’s one of the best banks in the state when you look at what they have to offer to residents of Colorado.

First National Bank offers a high-interest rate on savings accounts, one of the best you can find in the banking industry. The bank also offers loans and encourage small business and start-ups.

 #10. Chase Bank

Chase Bank is one of America’s largest banks with a total asset of over $3 trillion. It’s a renowned financial institution that offers the best checking accounts for students.

Its college-based checking account is for students below the age of 24 and there are no monthly fees required to maintain the account. Once the students graduate, Chase Bank converts their account to a Chase Total Checking account.

Students will continue using this checking account for up to five years.

As one of the largest banks in America, Chase currently has over 4,500 branch locations across the United States and also operates in 100 countries worldwide. Chase also has over 16,000 ATMs in different states across the U.S.

Chase is one of the largest and most popular banks in the United States and it’s also an excellent banking option for residents in Colorado.

Best 20 Banks in Colorado

Although we have shown you the best ten banks in the Centennial State, here are the top twenty banks in the state.

  • Bank of Colorado – Overall
  • US Bank – Best for accessibility with many branches in Colorado
  • First National Bank
  • BBVA Compass Bank – Small business
  • Bank of the West
  • First Bank – Best for senior citizens
  • Wells Fargo Bank – Online and investment
  • Key Bank
  • Integrity Bank & Trust
  • Alpine Bank – Mobile and online banking
  • ANB Bank – Senior citizens do not have to pay monthly fees 
  • Chase Bank – Overall for high balance account
  • Great Western Bank – Free accounts with unlimited free third-party ATM transactions
  • Academy Bank, N.A.
  • Centennial Bank and Trust – Retirement benefits
  • CIT Bank
  • Colorado Federal Savings Bank – Best for free savings and checking accounts
  • Glacier Bank – Lending, Mortgage, Loans, Credit cards
  • Guaranty Bank and Trust Company – Best for corporate Banking
  • Navy Federal Credit Union – Best for Military


Every state in America has a financial institution that safeguards the funds of residents and offers loans to small businesses. Colorado is a state with over 5 million people and more visiting as tourists, so there is a need to have sustainable and reliable financial institutions.

The banks we have listed above offer a variety of checking and savings accounts as well as mobile and online banking.



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