Best Savings Accounts in Oregon of December 2021

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!

Axos Bank High Yield Savings Account

axos bank logo

$0

Monthly Fee

$250

Min. To Open

0.60%

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
  • No rate tier, APY same regardless of balance

APY ranges

Range APY
$0.01+ 0.60%

Account Fees & Information

  • Monthly Fee$0
  • Min. To Open$250
  • Min. Deposit For No Fee$0
  • CompoundedDaily
  • State RestrictionsNone

ATM & Debit Card

  • Monthly Transaction Limits6
  • Excessive Transaction Fee$10+
  • ATM FeesDepends on ATM
  • Debit Card UseAllowed

CIT Bank Savings Account

cit bank logo

$0

Monthly Fee

$100

Min. To Open

0.45%

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. It's best to go by depositing $100 a month because you will have accumulated a significant balance in a few years without realizing it.

What we like

  • No monthly fees
  • Deposit $100 a month to receive higher APY
  • One of the top APYs around

What we don't

  • No sign up bonuses
  • No physical branch locations
  • No ATM card

APY ranges

Range APY
$1 - $24,999.99 0.30%
$25,000+ 0.45%

Account Fees & Information

  • Monthly Fee$0
  • Min. To Open$100
  • Min. Deposit For No Fee$0
  • CompoundedDaily
  • State RestrictionsNone

ATM & Debit Card

  • Monthly Transaction Limits6
  • Excessive Transaction Fee$10+
  • ATM FeesDepends on ATM
  • Debit Card UseAllowed