Best Savings Accounts in Oregon of May 2022

Victoria Daniel

If you are in Oregon and searching for a savings account best suited for your needs, there are a variety of options to choose from.

Whether you are starting to save or are looking for a new home for your savings, a high-yield savings account maximizes the return from every dollar saved. It doesn’t matter what you are saving for; there is no better place to store your money than a high-yield interest account. A high-yield interest account also has a high-interest rate or annual percentage yield (APY).

Start by determining your individual needs and preferences. Knowing what you want will help you narrow down the options to find an account that is best suited for you. Look for an account with a high APY and low account fees. High account fees, such as monthly and transactional fees, will reduce the value of your returns.

Also, consider other factors such as ease of access, safety, minimum requirements, among other features. Shop around and compare the choices to find the best fit for you.

We reviewed some of the best savings accounts in Oregon. Use our review to find the most suitable option for you today!

CIT Bank Savings Builder

$0

Min. To Earn APY

0.90%

Est. APY

Overview

This savings builder account is unique where you need to deposit $100 a month to get the highest APY. If you don't deposit $100+ a month, then you need to maintain $25,000 in the account. If you don't do either, you won't receive the higher end APY.

What we like

  • No monthly fees
  • FDIC Insured
  • No minimum balance fees
  • Online banking

What we don't

  • Minimum opening deposit
  • No ATM access
  • Tiered APY

Axos Bank High Yield Savings Account

axos bank logo
4.8

$0

Min. To Earn APY

0.61%

Est. APY

Overview

This savings account will provide a flat APY regardless of your balance, and you won't worry about monthly fees. A great perk with this account is you can request a free ATM card.

What we like

  • No monthly fees
  • Interest compounded daily
  • Free ATM card

What we don't

  • No physical branch
  • No sign up bonus

Quontic Bank High Yield Savings Account

quontic bank logo
4.6

$0

Min. To Earn APY

0.75%

Est. APY

Overview

Quontic Bank high yield savings account provides you with the opportunity to accrue interest at a rate 15x higher than the national average. Interest compounds daily and is paid into your account every month.

What we like

  • Mobile and online banking
  • Competitive interest rate
  • No monthly service fees
  • Interest compounded daily

What we don't

  • Limited access to physical branches
  • No sign up bonus
  • $100 minimum deposit requirement

First Citizens Bank Online Savings Account

$0

Min. To Earn APY

0.03%

Est. APY

Overview

First Citizen Bank savings account is an online account that charges no monthly fees, but you need to make a minimum deposit of $50 to open this account.

What we like

  • Mobile and online banking
  • Money management tools
  • No monthly service fees
  • ATM card available
  • FDIC Insured

What we don't

  • Limited no-fee withdrawals
  • High wire transfer fee