Portland Banks

A lot of people have a preference when it comes to where they like to bank. Some enjoy the convenience of national chains, while others may actually belong to a credit union. A growing number of local residents happen to prefer the smaller, community-oriented Portland banks.

If you’re planning to open a new bank account or apply for a loan and need to find a bank, know that choosing the right one is a big decision. The financial institution you decide to develop a banking relationship with will likely have a big impact on your future financial well-being. So when you begin you search for Portland banks, be sure to investigate several to find the right match.

Are you currently earning the top interest rates in your city? Today, Portland Banking Rates collects interest rate information from a total of 7 banks in Portland. Take a look at the average interest rates among these banks across a variety of deposit accounts, as well as a list of banks where you can find the highest rates in the city.
Current Average CD & Savings Rates at Portland Banks

Pacific Continental Bank has been serving the communities of the Pacific Northwest for nearly 40 years. Founded in Eugene in 1972, Pacific Continental Bank has 14 locations throughout Oregon, Portland and Seattle and boasts an asset size of $1.2 billion. The bank is a publicly traded company listed under PCBK on the Nasdaq.

Big banks may have an advantage in that they have a presence throughout the country, but small local banks have their advantages too. For one, you’re able to establish a rapport with your local bank, as they are right in your neighborhood. Following the bank bailout and the economic breakdown of 2008, more and more people are looking to banks where they receive individualized attention, banks that have the community’s best interest in mind.

There are thousands of financial institutions throughout the U.S., several of which are probably in your home town. From bustling cities to tiny suburbs, there’s no shortage of banks and credit unions nearby. So when you’re trying to maximize your deposits and find the highest interest rates to help them grow, how do you know where to go? Below, Portland Banking Rates has compared the average bank rates in Portland with those at local credit unions to find out whether community banks or CUs have the best overall interest rates to offer.

These days, most banks are dropping interest rates on deposit accounts, which is why it’s so important to know which ones still have competitive offers. Locating the Portland banks with the highest interest rates will ensure you’re always growing your savings to its full potential.

When shopping around for the highest certificate of deposit interest rates, it helps to look at local financial institutions. Generally, smaller banks are especially invested in the communities they serve and thus, make providing the best rates to customers a top priority.

However, finding the best CD rates in Portland can be tough if you don’t know where so start, so we’ve compiled the best rates across various term lengths for community banks in the area.

When it comes to finding the highest interest rates on deposit accounts and loans, a great place to start your search is at your local bank. Local banks, like those found in Portland, often operate with the goal of supporting the surrounding community financially by offering affordable products and services to residents.