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Zions Bank
| One South Main Street Salt Lake City, UT 84133 1-800-974-8800 www.zionsbank.com  |
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Zions Bank was founded by Mormon pioneers in Utah in 1873. In 1957, Zion’s Savings Bank and Trust Company (as it was known) merged with Utah Savings and Trust Company and First National Bank of Salt Lake City. It became Zions First National Bank – which is the bank’s official name today. However, it wasn’t until 1960 that the LDS Church sold its majority ownership to Keystone Insurance and Investment Company. In 1961, Zions First Nation Investment Company was incorporated in Nevada, and acquired ownership of the stock owned by Keystone. In 1965, the investment company changed its name to Zions Bancorporation, and in 1966, the company went public.
Today, Zions First National Bank is still a subsidiary of Zions Bancorporation. Zions is a full service bank, offering commercial services, consumer banking products, and business banking to its customers. Specialty services include ag finance, correspondent banking and private services. Nationwide, it is possible to access Zions Bank services via the Internet. There are offices in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington.
Zions Bank offers competitive interest rates on deposit accounts, including savings, money market and CD accounts. The bank also offers interest checking accounts. The bank did accept TARP funds after the 2008 financial crisis, but has since repaid them.
Today, Zions First National Bank is still a subsidiary of Zions Bancorporation. Zions is a full service bank, offering commercial services, consumer banking products, and business banking to its customers. Specialty services include ag finance, correspondent banking and private services. Nationwide, it is possible to access Zions Bank services via the Internet. There are offices in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington.
Zions Bank offers competitive interest rates on deposit accounts, including savings, money market and CD accounts. The bank also offers interest checking accounts. The bank did accept TARP funds after the 2008 financial crisis, but has since repaid them.
Related Posts
Class Action Accuses Zions Bank Of 'Unconscionable' Debit Card Overdraft Fees (Forum) - 10/7/2011
Three law firms file suit, and seek class action for it, accusing Zions Bank in Utah and Idaho of making it difficult or even impossible to avoid debit card overdraft fees. Zions Bank sued in Utah over 'unconscionable' fees - Yahoo! Finance The accusa
Zions Internet Savings Account Yield Falls From 1.11% To 1.06% (Forum) - 2/16/2011
Zions Bank reduced its Internet Savings Account yield from 1.11% to 1.06% APY for balances of at least $1,000. The 1.11% APY had held since April 2010.
How Rates Have Held up at the Largest Internet Banks - 2/7/2011
I thought it would be interesting to review the recent rate history of the internet savings accounts from the largest banks. I only included the banks with at least $10 billion in deposits. They didn' ...
Zions Bank Raises the Yield on its Deseret Money Market Account - 6/19/2008
Update 7/11/09: Zions Bank's Internet Money Market has replaced the Deseret MMA. Rates have fallen over the last year. For the latest rate cut the APY fell from 1.87% to 1.51% for balances of $2,500 and above. Refer to the bank's website for the latest...
2008
- 6/17 - 3.80% 12-Month / 3.60% 6-Month Online CD at Zions Bank
- 4/2 - More Rate Cuts - Savings, Checking and Reward Checking Accounts
- 3/28 - More Savings Account Rate Cuts - Provident, Zions, WaMu and Others
- 2/14 - More Savings Account Rate Cuts - Update
2007
- 12/13 - New Savings Account Rate Cuts
- 11/7 - Another Round of Falling Rates: CitiBank, Cap One, WaMu, iGoBanking, ...
- 11/1 - Falling Savings Account Rates: ING Direct, EverBank, Zions Bank
- 10/18 - More Falling Yields at Online Savings Accounts: Capital One, AmTrustDirect, Zions
- 8/29 - Zions Bank Increases Top Yield on Deseret Money Market Account to 5.56%
- 5/11 - Update On Zions Bank's Deseret Money Market Account - Update
2006
See Rates for: Checking | Savings | Money Market | CD | IRA
Zions Bank Checking Account Rates
Zions Bank Savings Account Rates
Zions Bank Money Market Rates
Zions Bank CD Rates
| Apy | Min | Max | Product | |
| 1.05% | $1k | - | 5 Year Gold CD | |
| 1.05% | $1k | - | 5 Year Internet CD | |
| 1.05% | $1k | - | Business 5 Year Internet CD | |
| 0.90% | $1k | - | 5 Year Regular CD | |
| 0.90% | $1k | - | Business 5 Year Regular CD | |
| 0.85% | $1k | - | 4 Year Gold CD | |
| 0.85% | $1k | - | 4 Year Internet CD | |
| 0.85% | $1k | - | Business 4 Year Internet CD | |
| 0.70% | $1k | - | 4 Year Regular CD | |
| 0.70% | $1k | - | Business 4 Year Regular CD | |
| 0.60% | $1k | - | 3 Year Gold CD | |
| 0.60% | $1k | - | 3 Year Internet CD | |
| 0.60% | $1k | - | Business 3 Year Internet CD | |
| 0.50% | $1k | - | 1 Year Gold CD | |
| 0.50% | $1k | - | 2 Year Gold CD | |
| 0.50% | $1k | - | 1 Year Internet CD | |
| 0.50% | $1k | - | Business 1 Year Internet CD | |
| 0.50% | $1k | - | 18 Month Internet CD | |
| 0.50% | $1k | - | 2 Year Internet CD | |
| 0.50% | $1k | - | Business 18 Month Internet CD | |
| 0.50% | $1k | - | Business 2 Year Internet CD | |
| 0.45% | $1k | - | 3 Year Regular CD | |
| 0.45% | $1k | - | Business 3 Year Regular CD | |
| 0.40% | $1k | - | 9 Month Internet CD | |
| 0.40% | $1k | - | Business 9 Month Internet CD | |
| 0.35% | $1k | - | 1 Year Regular CD | |
| 0.35% | $1k | - | 2 Year Regular CD | |
| 0.35% | $1k | - | Business 1 Year Regular CD | |
| 0.35% | $1k | - | Business 2 Year Regular CD | |
| 0.25% | $1k | - | 6 Month Gold CD | |
| 0.25% | $1k | - | 6 Month Internet CD | |
| 0.25% | $1k | - | Business 6 Month Internet CD | |
| 0.20% | $1k | - | 6 Month Regular CD | |
| 0.20% | $1k | - | 6 Month Regular CD | |
| 0.10% | $1k | - | 3 Month Regular CD | |
| 0.10% | $1k | - | 3 Month Gold CD | |
| 0.10% | - | - | 14 Day Regular CD | |
| 0.10% | - | - | 14 Day Gold CD | |
| 0.10% | - | - | 15 Day Regular CD | |
| 0.10% | - | - | 15 Day Gold CD | |
| 0.10% | $1k | - | 3 Month Internet CD | |
| 0.10% | $1k | - | Business 3 Month Internet CD | |
| 0.10% | - | - | Business 14 Day Regular CD | |
| 0.10% | - | - | Business 15 Day Regular CD | |
| 0.10% | $1k | - | 3 Month Regular CD |
Zions Bank IRA Rates
| Apy | Min | Max | Product | |
| 1.05% | $1k | - | 5 Year Internet IRA Certificate | |
| 0.90% | $1k | - | 5 Year IRA Certificate | |
| 0.85% | $1k | - | 4 Year Internet IRA Certificate | |
| 0.70% | $1k | - | 4 Year IRA Certificate | |
| 0.60% | $1k | - | 3 Year Internet IRA Certificate | |
| 0.50% | $1k | - | 1 Year Internet IRA Certificate | |
| 0.50% | $1k | - | 2 Year Internet IRA Certificate | |
| 0.45% | $1k | - | 3 Year IRA Certificate | |
| 0.35% | $1k | - | 1 Year IRA Certificate | |
| 0.35% | $1k | - | 2 Year IRA Certificate | |
| 0.25% | $1k | - | 6 Month Internet IRA Certificate | |
| 0.20% | $1k | - | 6 Month IRA Certificate | |
| 0.10% | $1k | - | 3 Month Internet IRA Certificate | |
| 0.10% | $1k | - | 3 Month IRA Certificate |
Rates updated: 2/7/2012
Data for Q3 2011
Institution Statistics
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Institution Health
Overall Score:
4 out of 5 
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Why I'm Leaving Zions - The Last Straw
I've been frustrated for years with Zions' policy of selectively processing payments to cause as many of them to go into insufficient funds status as possible. That policy is designed to maximum the insufficient funds fees they collect from their members. Finally, a class action suit is being brought against them (just google "zions bank class action" for details). This is especially sad because the bank is owned in part by the Mormon Church.
The last straw came last week when Zions informed me by mail that my free checking account was now going to cost me $7.00 a month. They gave me one month notice, so now I'm scrambling to change my banking over to a credit union. With several automatic payments I had set up with Zions, this is not a quick task.
Anyway, be forewarned.