Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
1 S Main Street
Salt Lake City, UT 84133

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.

Related Posts

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. 


Been With Zions Since I Was 12 Years Old, And Will Be Staying With Them For Life!

Zions Bank has the greatest customer service I've ever experienced!

Every time I leave a branch I think to myself, "now that is customer service."  When I lived in Layton, I would be greeted with a "hey Joey, how are you today?"  Something I thought I would miss when I moved to Logan for school.  It didn't even take a month before I was getting the same treatment at any of the many branches here in Cache Valley.  Not just my name, but they remember to ask about my family, a test I had last week, or making sure I got over the sickness I recently had.  

I went on a vacation last year, but forgot to transfer the needed money from my savings to checking before I left!  I was away from the internet for the majority of the trip, but once I could check on things, I noticed that I had racked up quite a lot in NSF charges.  I gave Zions a call and explained my mistake and they waived them all.  Let me repeat that, they waived every NSF charge I had (validly) incurred.  They didn't need to, but were more than happy to help out.  This was very smart of them considering that because of this service, I'll be with them for life.

I once went into a branch inside a Smith's to get a money order.  The teller told me that he'd be more than happy to get me one, but they cost $2.50.  He advised I go to the Smith's customer service desk, as it would only cost $0.50 there.  Instead of looking out for their company's profit margin, they look out for the customer.

The one downside is that they are not nationwide.  If you travel too far, there won't be any ATMs you can use without charges.  Zions' fees are very reasonable though, only one dollar to use a non-friendly ATM where other banks charge three or four.  A friend of mine just complained about a certain mega-bank that charged him $38 for NSF (quite a bit more than the $0 I paid.)  No minimum balance.  No monthly charges.  Just reasonable fees where needed and outstanding customer service.

I wouldn't dream of leaving Zions bank.

One Year With Zions

ive been banking with Zions for one year had one over draft. I wish they had non overdraft protection but they are better than US and the Stage coach bank.

Naw they rate well with me

Mostly Happy.

I do not live anywhere near a Zions Bank branch, but have never needed one. Their website is pretty good, and they respond online well. I have been with them about 7 years now, and am happy with my experiences. I was even deployed overseas for a year, and banking was not an issue for me.



Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Zions Bank had $122.69 million in non-current loans and owned real-estate with $2.1 billion in equity and loan loss allowances on hand to cover it. This gives Zions Bank a Texas Ratio of 5.85% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Zions Bank decreased dramatically from 9.85% as of June 30, 2013 to 5.85% as of June 30, 2014, resulting in a positive change of 40.58%.This indicates that the balance sheet and financial strength for Zions Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Zions Bank has decreased its total deposits by -$552.65 million, resulting in -3.49% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Zions Bank has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Zions Bank has $17.53 billion in assets with $2.1 billion in equity, resulting in a capitalization level of 11.96%, which is excellent.

Institution Statistics

FDIC Certificate #2270
Year Established1873
Primary RegulatorOCC
Assets and Liabilities
Assets$17.53 billion
Loans$12.22 billion
Deposits$15.30 billion
Equity Capital$1.84 billion
Loan Loss Allowance$260.46 million
Unbacked Noncurrent Loans$115.33 million
Real Estate Owned$7.37 million
Historic Data - June 2013
Assets$18.16 billion
Equity Capital$1.79 billion
Loan Loss Allowance$330.84 million
Unbacked Noncurrent Loans$115.33 million
Real Estate Owned$20.45 million
Profit Margin - Quarterly
Return on Assets1.13%
Return on Equity11.42%
Interest Income$303.11 million

Always verify rates and promotions with the bank or credit union. We are not Zions Bank, we are a rate comparison website and can not provide official rates or promotions.

Zions Bank Savings Account Rates

0.50%$1k-Internet Savings w/ Relationship
0.45%$1k-Internet Savings Non-Relationship
0.30%$2,500-Business Internet Savings - Relationship
0.25%$2,500-Business Internet Savings - Non Relationship
0.24%-$2kStudent Savings
0.24%-$1kKids Savings
0.16%$5k-Ultimate Savings
0.08%--Gold Statement Savings
0.06%--Statement Savings
0.06%--Business Statement Savings

Zions Bank Money Market Rates

0.50%$100-Internet IRA Money Market
0.50%$2,500-Internet Money Market w/ Relationship
0.45%$2,500-Internet Money Market Non-Relationship
0.28%$250k-Gold Money Market Plus
0.23%$250k-Gold Money Market Account
0.18%$250k-Money Market Account
0.15%$100-IRA Money Market
0.15%$100k-Business Money Market

Zions Bank Checking Account Rates

0.15%$100k-Gold Checking Plus
0.04%--Gold Interest Checking

Zions Bank CD Rates

0.90%$1k-5 Year Gold CD
0.90%$1k-5 Year Internet CD
0.90%$1k-5 Year Internet Business CD
0.80%$1k-5 Year Regular CD
0.80%$1k-5 Year Business CD
0.75%$1k-4 Year Gold CD
0.75%$1k-4 Year Internet CD
0.75%$1k-4 Year Internet Business CD
0.65%$1k-4 Year Regular CD
0.65%$1k-4 Year Business CD
0.60%$1k-3 Year Gold CD
0.60%$1k-3 Year Internet CD
0.60%$1k-3 Year Internet Business CD
0.50%$1k-3 Year Regular CD
0.50%$1k-3 Year Business CD
0.45%$1k-2 Year Gold CD
0.45%$1k-2 Year Internet CD
0.45%$1k-2 Year Internet Business CD
0.40%$1k-18 Month Internet CD
0.40%$1k-18 Month Internet Business CD
0.35%$1k-2 Year Regular CD
0.35%$1k-1 Year Gold CD
0.35%$1k-1 Year Internet CD
0.35%$1k-1 Year Internet Business CD
0.35%$1k-2 Year Business CD
0.30%$1k-9 Month Internet CD
0.30%$1k-9 Month Internet Business CD
0.25%$1k-1 Year Regular CD
0.25%$1k-1 Year Business CD
0.20%$1k-6 Month Gold CD
0.20%$1k-6 Month Internet CD
0.20%$1k-6 Month Internet Business CD
0.15%$1k-6 Month Regular CD
0.15%$1k-6 Month Business CD
0.05%$1k-3 Month Regular CD
0.05%$1k-3 Month Gold CD
0.05%$1k-3 Month Internet CD
0.05%$1k-3 Month Internet Business CD
0.05%$1k-3 Month Business CD

Zions Bank IRA Rates

0.90%$1k-5 Year Internet IRA CD
0.80%$1k-5 Year IRA CD
0.75%$1k-4 Year Internet IRA CD
0.65%$1k-4 Year IRA CD
0.60%$1k-3 Year Internet IRA CD
0.50%$1k-3 Year IRA CD
0.45%$1k-2 Year Internet IRA CD
0.35%$1k-1 Year Internet IRA CD
0.35%$1k-2 Year IRA CD
0.25%$1k-1 Year IRA CD
0.20%$1k-6 Month Internet IRA CD
0.15%$1k-6 Month IRA CD
0.05%$1k-3 Month Internet IRA CD
0.05%$1k-3 Month IRA CD

Zions Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 1 S Main Street - Salt Lake City, UT 84133