Bank of Utah

Overview / Commentary

www.bankofutah.com

801-409-5000

2605 Washington Blvd
Ogden, UT 84401

Bank of Utah is headquartered in Ogden and is the 18^th largest bank in the state of Utah. It is also the 494^th largest bank in the nation. It was established in 1952 and as of June of 2022, it had grown to 358 employees at 20 locations. Bank of Utah's CD rates are 2X the national average, and it boasts an A+ health rating.

Reviews (1)

Write a Review

Solid products, but bad customer service

Posted by: Caudgent | Dec 15, 2017

I used this bank for about a year as there was a branch somewhat near me that made deposits convenience and easy to do on my way home from work. That being said, there were two main concerns I had. One was that customer service tended to be very young and not very knowledgeable; it's sad when the branch manager has to answer all your questions. My other issue is that they don't offer very competitive interest rates on their accounts; maybe it's because they are on the smaller side, but other institutions I've banked with at least gave you some return on your balance but these guys were nearly scant. Because of this, I ultimately changed banks as they just don't have a big enough network nor benefit to hold on to them.

Comment

Health

A+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	17159
Year Established	1952
Employees	358
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.38%
Return on Equity - YTD	12.56%
Annual Interest Income	$36.3MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$2.22B$2.00B
Loans	Q2 2022vs Q2 2021	$1.58B$1.39B
Deposits	Q2 2022vs Q2 2021	$1.89B$1.69B
Equity Capital	Q2 2022vs Q2 2021	$241.7MM$231.1MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$19.0MM$17.9MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$0$0
Real Estate Owned	Q2 2022vs Q2 2021	$1.4MM$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Bank of Utah; 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.

Bank of Utah Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%^*	$250k^*	-	iSave Account
OTHER TIERS: 0.10% → $500 - $1k \| 0.15% → $1k - $50k \| 0.20% → $50k - $100k \| 0.30% → $100k - $250k
0.32%^*	$1k^*	-	Health Savings Account (HSA)
OTHER TIERS: 0.17% → $500 - $1k
0.15%	$1	-	Regular Savings
0.15%	$1	-	Business Regular Savings
0.15%^*	$100k^*	-	Sweep Repurchase Account
OTHER TIERS: 0.05% → $1 - $50k \| 0.10% → $50k - $100k
0.15%	$1	-	Regular Savings for Children

Bank of Utah Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.37%^*	$250k^*	-	Premier Gold Money Market Savings
OTHER TIERS: 0.05% → $1 - $20k \| 0.10% → $20k - $50k \| 0.15% → $50k - $100k \| 0.25% → $100k - $250k
0.37%^*	$250k^*	-	Business Premier Gold Money Market Savings
OTHER TIERS: 0.05% → $1 - $20k \| 0.10% → $20k - $50k \| 0.15% → $50k - $100k \| 0.25% → $100k - $250k
0.30%	$1	-	Business Money Market Sweep
0.25%^*	$250k^*	-	Insured Money Market Savings
OTHER TIERS: 0.04% → $1 - $20k \| 0.05% → $20k - $50k \| 0.10% → $50k - $100k \| 0.15% → $100k - $250k
0.25%^*	$250k^*	-	Business Insured Money Market Savings
OTHER TIERS: 0.04% → $1 - $20k \| 0.05% → $20k - $50k \| 0.10% → $50k - $100k \| 0.15% → $100k - $250k

Bank of Utah Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.86%^*	$100k^*	-	Public Fund Advantage
OTHER TIERS: 1.41% → $1 - $50k \| 2.14% → $50k - $100k
0.25%^*	$50k^*	-	Premier Gold Checking
OTHER TIERS: 0.05% → $500 - $5k \| 0.10% → $5k - $20k \| 0.15% → $20k - $50k
0.25%^*	$50k^*	-	Hybrid Account
OTHER TIERS: 0.05% → $500 - $5k \| 0.10% → $5k - $20k \| 0.15% → $20k - $50k
0.10%	$500	-	Premier Checking
0.05%	$500	-	Top 50 Checking
0.05%^*	$20k^*	-	Business Advantage Checking
OTHER TIERS: 0.01% → $1 - $2.5k \| 0.03% → $2.5k - $20k
0.05%^*	$20k^*	-	Non-profit Advantage
OTHER TIERS: 0.01% → $1 - $2.5k \| 0.03% → $2.5k - $20k

Bank of Utah CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.50%^*	$100k^*	-	Business 2 Year CD
OTHER TIERS: 1.31% → $1k - $100k
2.50%	$100k	-	2 Year Jumbo CD
2.00%^*	$100k^*	-	Business 1 Year CD
OTHER TIERS: 1.01% → $1k - $100k
2.00%	$100k	-	1 Year Jumbo CD
1.45%	$1k	$100k	30 Month CD
1.45%	$1k	$100k	5 Year CD
1.45%	$1k	-	Business 30 Month CD
1.45%	$1k	-	Business 5 Year CD
1.31%	$1k	$100k	2 Year CD
1.31%	$1k	$100k	4 Year CD
1.31%	$1k	-	Business 4 Year CD
1.27%	$1k	$100k	3 Year CD
1.27%	$1k	-	Business 3 Year CD
1.19%	$1k	$100k	18 Month CD
1.19%	$1k	-	Business 18 Month CD
1.01%	$1k	$100k	1 Year CD
0.67%^*	$100k^*	-	Business 182 Day CD
OTHER TIERS: 0.59% → $1k - $100k
0.67%	$100k	-	182 Day Jumbo CD
0.59%	$1k	$100k	182 Day CD
0.53%^*	$100k^*	-	Business 90 Day CD
OTHER TIERS: 0.44% → $1k - $100k
0.53%	$100k	-	90 Day Jumbo CD
0.44%	$1k	$100k	90 Day CD
0.25%^*	$100k^*	-	Business 30 Day CD
OTHER TIERS: 0.15% → $2.5k - $100k
0.25%^*	$100k^*	-	Business 60 Day CD
OTHER TIERS: 0.15% → $1k - $100k
0.25%	$100k	-	30 Day Jumbo CD
0.25%	$100k	-	60 Day Jumbo CD
0.15%	$2.5k	$100k	30 Day CD
0.15%	$1k	$100k	60 Day CD

Bank of Utah IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%	$100	-	30 Month IRA
1.51%	$100	-	18 Month IRA
1.00%	$100	-	6 Month IRA

Locations

Availability

Salt Lake City Area

Salt Lake City Area bank & credit union details

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.