Colorado houses a large number of financial institutions, including banks of all sizes and types. If you are looking for a precise number, there are 150 banks to choose from and thousands of products to navigate through. Here is a list of a few banks based on different criteria. Scroll through and decide which one suits your financial needs and requirements.
Wells Fargo
This financial institution is one of the largest banks operating in Colorado. It has 163 branches in the state and is the best bank for individuals who prefer to have their financial institution nearby. Wells Fargo offers checking and savings accounts that provide reasonable fees and also one of the best interest rates.
Chase Bank
This is the bank of choice for students because of its affordable banking options for students. The Chase College Checking account has been designed with college students and their limited budgets in mind. This account can be opened with an amount of around $25. Moreover, the bank does not charge a monthly fee to students below the age of 24 years or for up to 5 years after opening an account.
BBVA Compass
This bank is one of the best banks in Colorado for opening a savings account. This bank has some really interesting account options. One of them is BBVA Compass ClearChoice Money Market, which offers a savings APY of 1.40% for any balance. This rate is usually given on higher deposit/balance amounts by other banks. There are many rules attached to this account though. So, if you want a hassle-free banking process, you can opt for a free checking account with the bank.
You might also like : 7 Grave ATM Mistakes That You Must Avoid Overseas
Bank of Colorado
This one is the best bank for business owners. This bank offers some of the most affordable checking options to small business owners. The Free Business Checking package has been designed for business owners with facilities like 500 free transactions every month along with 0 monthly fees.
US Bank
This bank is much loved in Colorado for its branch accessibility through a wide network of 157 branches. This bank is the second-largest bank in the country and is considered the best for small business owners who can maintain a high account balance.
Key Bank
This bank is ideal for individuals looking for free checking accounts. The Hassle-Free Checking account comes with online banking options, debit card, and mobile banking. All this is provided without any monthly service fee, and there are no overdraft fees. The downside of this account is that the bank does not provide you with physical checks. So, you can opt for an Express Checking Account that has a minimum deposit requirement but no fee and offers all the facilities that you can ask for from your bank.
A lot of research goes behind choosing a bank. Many of the banks in Colorado are good in their own ways. You can decide which is the best bank in Colorado based on the facilities and perks you are seeking.
Keep yourself updated with the latest on Banking. Like us on Facebook and follow us on Twitter for more on Investments.
