Altabank

Overview / Commentary

801-756-7681

33 East Main Street
American Fork, UT 84003

Altabank is headquartered in American Fork and is the 14^th largest bank in the state of Utah. It is also the 377^th largest bank in the nation. It was established in 1913 and as of June of 2019, it had grown to 444 employees at 28 locations. Altabank's CD rates are 78% higher than the national average, and it boasts an A+ health rating.

View all posts from:

2009

9/6 - 2.30% 17-Month CD at Bank of American Fork in Utah - Local Only
9/5 - New High-Yield Online Savings Account at Bank of American Fork - Nationally Available
2/22 - 3.60% Reward Checking Account at Bank of American Fork in Utah

Reviews (1)

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Excellenct Customer Service.

Posted by: Pele | Sep 29, 2016

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.

Comment

Health

A+

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	12773
Year Established	1913
Employees	444
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.92%
Return on Equity - YTD	14.55%
Annual Interest Income	$59.2MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$2.31B$2.16B
Loans	Q2 2019vs Q2 2018	$1.66B$1.68B
Deposits	Q2 2019vs Q2 2018	$1.99B$1.79B
Equity Capital	Q2 2019vs Q2 2018	$309.2MM$268.5MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$28.0MM$22.3MM
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$4.9MM$7.2MM
Real Estate Owned	Q2 2019vs Q2 2018	$0$0

Rates

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

Altabank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.35%^*	$1m^*	-	60 Month CD
OTHER TIERS: 1.45% → $500 - $20k \| 1.55% → $20k - $100k \| 1.65% → $100k - $250k \| 1.85% → $250k - $500k \| 1.95% → $500k - $1m
2.35%^*	$1m^*	-	72 Month CD
OTHER TIERS: 1.45% → $500 - $20k \| 1.55% → $20k - $100k \| 1.65% → $100k - $250k \| 1.85% → $250k - $500k \| 1.95% → $500k - $1m
2.35%^*	$1m^*	-	Business 60 Month CD
OTHER TIERS: 1.45% → $500 - $20k \| 1.55% → $20k - $100k \| 1.65% → $100k - $250k \| 1.85% → $250k - $500k \| 1.95% → $500k - $1m
2.35%^*	$1m^*	-	Business 72 Month CD
OTHER TIERS: 1.45% → $500 - $20k \| 1.55% → $20k - $100k \| 1.65% → $100k - $250k \| 1.85% → $250k - $500k \| 1.95% → $500k - $1m
2.10%^*	$1m^*	-	48 Month CD
OTHER TIERS: 1.35% → $500 - $20k \| 1.45% → $20k - $100k \| 1.50% → $100k - $250k \| 1.70% → $250k - $500k \| 1.85% → $500k - $1m
2.10%^*	$1m^*	-	Business 48 Month CD
OTHER TIERS: 1.35% → $500 - $20k \| 1.45% → $20k - $100k \| 1.50% → $100k - $250k \| 1.70% → $250k - $500k \| 1.85% → $500k - $1m
2.00%^*	$1m^*	-	36 Month CD
OTHER TIERS: 1.30% → $500 - $20k \| 1.40% → $20k - $100k \| 1.45% → $100k - $250k \| 1.60% → $250k - $500k \| 1.75% → $500k - $1m
2.00%^*	$1m^*	-	Business 36 Month CD
OTHER TIERS: 1.30% → $500 - $20k \| 1.40% → $20k - $100k \| 1.45% → $100k - $250k \| 1.60% → $250k - $500k \| 1.75% → $500k - $1m
1.85%^*	$1m^*	-	24 Month CD
OTHER TIERS: 1.25% → $500 - $20k \| 1.35% → $20k - $100k \| 1.40% → $100k - $250k \| 1.50% → $250k - $500k \| 1.65% → $500k - $1m
1.85%^*	$1m^*	-	Business 24 Month CD
OTHER TIERS: 1.25% → $500 - $20k \| 1.35% → $20k - $100k \| 1.40% → $100k - $250k \| 1.50% → $250k - $500k \| 1.65% → $500k - $1m
1.70%^*	$1m^*	-	18 Month CD
OTHER TIERS: 1.00% → $500 - $20k \| 1.10% → $20k - $100k \| 1.20% → $100k - $250k \| 1.35% → $250k - $500k \| 1.55% → $500k - $1m
1.70%^*	$1m^*	-	Business 18 Month CD
OTHER TIERS: 1.00% → $500 - $20k \| 1.10% → $20k - $100k \| 1.20% → $100k - $250k \| 1.35% → $250k - $500k \| 1.55% → $500k - $1m
1.60%^*	$1m^*	-	12 Month CD
OTHER TIERS: 0.85% → $500 - $20k \| 0.95% → $20k - $100k \| 1.10% → $100k - $250k \| 1.25% → $250k - $500k \| 1.45% → $500k - $1m
1.60%^*	$1m^*	-	Business 12 Month CD
OTHER TIERS: 0.85% → $500 - $20k \| 0.95% → $20k - $100k \| 1.10% → $100k - $250k \| 1.25% → $250k - $500k \| 1.45% → $500k - $1m
1.50%^*	$1m^*	-	12 Month Flex CD
OTHER TIERS: 0.75% → $500 - $20k \| 0.85% → $20k - $100k \| 1.00% → $100k - $250k \| 1.15% → $250k - $500k \| 1.35% → $500k - $1m
1.50%^*	$1m^*	-	Business 12 Month Flex CD
OTHER TIERS: 0.75% → $500 - $20k \| 0.85% → $20k - $100k \| 1.00% → $100k - $250k \| 1.15% → $250k - $500k \| 1.35% → $500k - $1m
1.30%^*	$1m^*	-	6 Month CD
OTHER TIERS: 0.60% → $500 - $20k \| 0.70% → $20k - $100k \| 0.85% → $100k - $250k \| 1.00% → $250k - $500k \| 1.15% → $500k - $1m
1.30%^*	$1m^*	-	Business 6 Month CD
OTHER TIERS: 0.60% → $500 - $20k \| 0.70% → $20k - $100k \| 0.85% → $100k - $250k \| 1.00% → $250k - $500k \| 1.15% → $500k - $1m
0.70%^*	$1m^*	-	3 Month CD
OTHER TIERS: 0.20% → $500 - $20k \| 0.25% → $20k - $100k \| 0.30% → $100k - $250k \| 0.40% → $250k - $500k \| 0.55% → $500k - $1m
0.70%^*	$1m^*	-	Business 3 Month CD
OTHER TIERS: 0.20% → $500 - $20k \| 0.25% → $20k - $100k \| 0.30% → $100k - $250k \| 0.40% → $250k - $500k \| 0.55% → $500k - $1m

Altabank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.35%^*	$1m^*	-	60 Month IRA
OTHER TIERS: 1.45% → $500 - $20k \| 1.55% → $20k - $100k \| 1.65% → $100k - $250k \| 1.85% → $250k - $500k \| 1.95% → $500k - $1m
2.35%^*	$1m^*	-	72 Month IRA
OTHER TIERS: 1.45% → $500 - $20k \| 1.55% → $20k - $100k \| 1.65% → $100k - $250k \| 1.85% → $250k - $500k \| 1.95% → $500k - $1m
1.85%^*	$1m^*	-	24 Month IRA
OTHER TIERS: 1.25% → $500 - $20k \| 1.35% → $20k - $100k \| 1.40% → $100k - $250k \| 1.50% → $250k - $500k \| 1.65% → $500k - $1m
1.60%^*	$1m^*	-	12 Month IRA
OTHER TIERS: 0.85% → $500 - $20k \| 0.95% → $20k - $100k \| 1.10% → $100k - $250k \| 1.25% → $250k - $500k \| 1.45% → $500k - $1m
1.00%^*	$1m^*	-	18 Month Variable IRA
OTHER TIERS: 0.40% → $10 - $20k \| 0.45% → $20k - $100k \| 0.50% → $100k - $250k \| 0.55% → $250k - $500k \| 0.60% → $500k - $1m

Locations

Availability

Salt Lake City Area

Salt Lake City Area bank & credit union details

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