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Altabank


Overview / Commentary
altabank.com
800-815-2265
33 East Main Street
American Fork, UT 84003

Altabank is headquartered in American Fork and is the 13th largest bank in the state of Utah. It is also the 326th largest bank in the nation. It was established in 1913 and as of December of 2020, it had grown to 440 employees at 28 locations. Altabank has an A+ health rating.

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Reviews (1)

Excellenct Customer Service.

Posted by: |

My entire family uses this bank and they have taken the time to get to know all of us. When I walk in to make a deposit they immediately know who I am. I have never been to a bank where the service was this good. You would think they see so many people during the day they would not get to know you but they actually do. Making deposits was very fast and it was available in your account right away. Everything gets processed extremely fast and they are very fair with the fees or if you happen to go overdrawn.

3


Health
A+

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #12773
Year Established1913
Employees440
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.56%
Return on Equity - YTD13.06%
Annual Interest Income$110.7MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$3.37B$2.41B
LoansQ4 2020vs Q4 2019$1.67B$1.67B
DepositsQ4 2020vs Q4 2019$2.92B$2.06B
Equity CapitalQ4 2020vs Q4 2019$364.9MM$327.2MM
Loan Loss AllowanceQ4 2020vs Q4 2019$41.2MM$31.4MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$8.0MM$7.6MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Altabank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Altabank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$1m*-SaveSmart Direct
OTHER TIERS: 0.05% → Up to $20k | 0.10% → $20k - $100k | 0.20% → $100k - $250k | 0.25% → $250k - $500k | 0.30% → $500k - $1m
0.25%*$1m*-Statement Savings
OTHER TIERS: 0.05% → Up to $100k | 0.10% → $100k - $250k | 0.15% → $250k - $500k | 0.20% → $500k - $1m
0.25%*$5m*-BizSmart Savings
OTHER TIERS: 0.04% → Up to $100k | 0.08% → $100k - $250k | 0.10% → $250k - $500k | 0.13% → $500k - $1m | 0.20% → $1m - $5m
0.20%*$10$1kKidSmart Savings
OTHER TIERS: 0.05% → $1k+

Altabank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$5m*-BizSmart Money Market
OTHER TIERS: 0.05% → Up to $100k | 0.10% → $100k - $250k | 0.13% → $250k - $500k | 0.15% → $500k - $1m | 0.25% → $1m - $5m
0.25%*$1m*-CheckSmart Money Market
OTHER TIERS: 0.05% → Up to $100k | 0.10% → $100k - $250k | 0.13% → $250k - $500k | 0.15% → $500k - $1m

Altabank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$25kMyRate Checking
OTHER TIERS: 0.25% → $25k+
0.30%*$1m*-CheckSmart Senior Plus Checking
OTHER TIERS: 0.05% → Up to $20k | 0.10% → $20k - $100k | 0.15% → $100k - $250k | 0.20% → $250k - $500k | 0.25% → $500k - $1m
0.30%*$1m*-CheckSmart Senior Checking
OTHER TIERS: 0.05% → Up to $20k | 0.10% → $20k - $100k | 0.15% → $100k - $250k | 0.20% → $250k - $500k | 0.25% → $500k - $1m
0.25%*$5m*-BizSmart Interest Checking
OTHER TIERS: 0.04% → Up to $100k | 0.08% → $100k - $250k | 0.10% → $250k - $500k | 0.13% → $500k - $1m | 0.20% → $1m - $5m

Altabank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%*$1m*-72 Month CD
OTHER TIERS: 0.50% → $500 - $20k | 0.55% → $20k - $100k | 0.60% → $100k - $250k | 0.78% → $250k - $500k | 0.85% → $500k - $1m
0.95%*$1m*-Business 72 Month CD
OTHER TIERS: 0.50% → $500 - $20k | 0.55% → $20k - $100k | 0.60% → $100k - $250k | 0.78% → $250k - $500k | 0.85% → $500k - $1m
0.88%*$1m*-60 Month CD
OTHER TIERS: 0.40% → $500 - $20k | 0.50% → $20k - $100k | 0.55% → $100k - $250k | 0.70% → $250k - $500k | 0.78% → $500k - $1m
0.88%*$1m*-Business 60 Month CD
OTHER TIERS: 0.40% → $500 - $20k | 0.50% → $20k - $100k | 0.55% → $100k - $250k | 0.70% → $250k - $500k | 0.78% → $500k - $1m
0.80%*$1m*-48 Month CD
OTHER TIERS: 0.30% → $500 - $20k | 0.40% → $20k - $100k | 0.48% → $100k - $250k | 0.63% → $250k - $500k | 0.70% → $500k - $1m
0.80%*$1m*-Business 48 Month CD
OTHER TIERS: 0.30% → $500 - $20k | 0.40% → $20k - $100k | 0.48% → $100k - $250k | 0.63% → $250k - $500k | 0.70% → $500k - $1m
0.70%*$1m*-36 Month CD
OTHER TIERS: 0.25% → $500 - $20k | 0.35% → $20k - $100k | 0.45% → $100k - $250k | 0.55% → $250k - $500k | 0.60% → $500k - $1m
0.70%*$1m*-Business 36 Month CD
OTHER TIERS: 0.25% → $500 - $20k | 0.35% → $20k - $100k | 0.45% → $100k - $250k | 0.55% → $250k - $500k | 0.60% → $500k - $1m
0.63%*$1m*-24 Month CD
OTHER TIERS: 0.20% → $500 - $20k | 0.30% → $20k - $100k | 0.35% → $100k - $250k | 0.48% → $250k - $500k | 0.53% → $500k - $1m
0.63%*$1m*-Business 24 Month CD
OTHER TIERS: 0.20% → $500 - $20k | 0.30% → $20k - $100k | 0.35% → $100k - $250k | 0.48% → $250k - $500k | 0.53% → $500k - $1m
0.55%*$1m*-18 Month CD
OTHER TIERS: 0.15% → $500 - $20k | 0.23% → $20k - $100k | 0.30% → $100k - $250k | 0.40% → $250k - $500k | 0.45% → $500k - $1m
0.55%*$1m*-Business 18 Month CD
OTHER TIERS: 0.15% → $500 - $20k | 0.23% → $20k - $100k | 0.30% → $100k - $250k | 0.40% → $250k - $500k | 0.45% → $500k - $1m
0.48%*$1m*-12 Month CD
OTHER TIERS: 0.13% → $500 - $20k | 0.18% → $20k - $100k | 0.25% → $100k - $250k | 0.35% → $250k - $500k | 0.40% → $500k - $1m
0.48%*$1m*-Business 12 Month CD
OTHER TIERS: 0.13% → $500 - $20k | 0.18% → $20k - $100k | 0.25% → $100k - $250k | 0.35% → $250k - $500k | 0.40% → $500k - $1m
0.43%*$1m*-12 Month Flex CD
OTHER TIERS: 0.08% → $500 - $20k | 0.13% → $20k - $100k | 0.20% → $100k - $250k | 0.30% → $250k - $500k | 0.35% → $500k - $1m
0.43%*$1m*-Business 12 Month Flex CD
OTHER TIERS: 0.08% → $500 - $20k | 0.13% → $20k - $100k | 0.20% → $100k - $250k | 0.30% → $250k - $500k | 0.35% → $500k - $1m
0.40%*$1m*-6 Month CD
OTHER TIERS: 0.10% → $500 - $20k | 0.15% → $20k - $100k | 0.21% → $100k - $250k | 0.30% → $250k - $500k | 0.35% → $500k - $1m
0.40%*$1m*-Business 6 Month CD
OTHER TIERS: 0.10% → $500 - $20k | 0.15% → $20k - $100k | 0.21% → $100k - $250k | 0.30% → $250k - $500k | 0.35% → $500k - $1m
0.33%*$1m*-3 Month CD
OTHER TIERS: 0.08% → $500 - $20k | 0.13% → $20k - $100k | 0.16% → $100k - $250k | 0.23% → $250k - $500k | 0.28% → $500k - $1m
0.33%*$1m*-Business 3 Month CD
OTHER TIERS: 0.08% → $500 - $20k | 0.13% → $20k - $100k | 0.16% → $100k - $250k | 0.23% → $250k - $500k | 0.28% → $500k - $1m

Altabank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%*$1m*-72 Month IRA
OTHER TIERS: 0.50% → $500 - $20k | 0.55% → $20k - $100k | 0.60% → $100k - $250k | 0.78% → $250k - $500k | 0.85% → $500k - $1m
0.88%*$1m*-60 Month IRA
OTHER TIERS: 0.40% → $500 - $20k | 0.50% → $20k - $100k | 0.55% → $100k - $250k | 0.70% → $250k - $500k | 0.78% → $500k - $1m
0.63%*$1m*-24 Month IRA
OTHER TIERS: 0.20% → $500 - $20k | 0.30% → $20k - $100k | 0.35% → $100k - $250k | 0.48% → $250k - $500k | 0.53% → $500k - $1m
0.50%*$1m*-18 Month Variable IRA
OTHER TIERS: 0.10% → $10 - $20k | 0.18% → $20k - $100k | 0.25% → $100k - $250k | 0.35% → $250k - $500k | 0.40% → $500k - $1m
0.48%*$1m*-12 Month IRA
OTHER TIERS: 0.13% → $500 - $20k | 0.18% → $20k - $100k | 0.25% → $100k - $250k | 0.35% → $250k - $500k | 0.40% → $500k - $1m
Locations

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