2. Bank of Utah

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 16th largest bank in the state of Utah. It is also the 576th largest bank in the nation. It was established in 1952 and as of September of 2019, it had grown to 340 employees at 19 locations. Bank of Utah's CD rates are 50% higher than the national average, and it boasts an A+ health rating.

Reviews (1)

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.

1


Health
A+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #17159
Year Established1952
Employees340
Primary RegulatorFED
Profit Margin
Return on Assets - YTD2.19%
Return on Equity - YTD17.19%
Annual Interest Income$49.3MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$1.44B$1.30B
LoansQ3 2019vs Q3 2018$1.06B$954.4MM
DepositsQ3 2019vs Q3 2018$1.18B$1.06B
Equity CapitalQ3 2019vs Q3 2018$187.0MM$163.7MM
Loan Loss AllowanceQ3 2019vs Q3 2018$12.5MM$11.3MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$13.00K$0
Real Estate OwnedQ3 2019vs Q3 2018$5.0MM$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.

Bank of Utah Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$1k*-Health Savings Account (HSA)
OTHER TIERS: 0.35% → $500 - $1k
0.25%*$250k*-iSave Account
OTHER TIERS: 0.05% → $500 - $1k | 0.10% → $1k - $50k | 0.15% → $50k - $100k | 0.20% → $100k - $250k
0.15%*$100k*-Sweep Repurchase Account
OTHER TIERS: 0.04% → $1 - $50k | 0.07% → $50k - $100k
0.10%$1-Regular Savings
0.10%$1-Business Regular Savings
0.10%$1-Statement Savings for Children

Bank of Utah Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.27%*$250k*-Premier Gold Money Market Savings
OTHER TIERS: 0.07% → $1 - $20k | 0.12% → $20k - $50k | 0.15% → $50k - $100k | 0.20% → $100k - $250k
0.27%*$250k*-Business Premier Gold Money Market Savings
OTHER TIERS: 0.07% → $1 - $20k | 0.12% → $20k - $50k | 0.15% → $50k - $100k | 0.20% → $100k - $250k
0.25%$1-Business Money Market Sweep
0.20%*$250k*-Insured Money Market Savings
OTHER TIERS: 0.05% → $1 - $20k | 0.07% → $20k - $50k | 0.10% → $50k - $100k | 0.15% → $100k - $250k
0.20%*$250k*-Business Insured Money Market Savings
OTHER TIERS: 0.05% → $1 - $20k | 0.07% → $20k - $50k | 0.10% → $50k - $100k | 0.15% → $100k - $250k

Bank of Utah Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.57%*$100k*-Public Fund Advantage
OTHER TIERS: 1.28% → $1 - $50k | 1.92% → $50k - $100k
0.15%*$50k*-Premier Gold Checking
OTHER TIERS: 0.05% → $500 - $5k | 0.08% → $5k - $20k | 0.10% → $20k - $50k
0.10%$500-Top 50 Checking
0.07%*$20k*-Business Advantage Checking
OTHER TIERS: 0.03% → $1 - $2.5k | 0.05% → $2.5k - $20k
0.07%*$20k*-Non-profit Advantage
OTHER TIERS: 0.03% → $1 - $2.5k | 0.05% → $2.5k - $20k
0.05%$500-Premier Checking

Bank of Utah CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.65%$1k$100k5 Year CD
1.65%$1k-Business 5 Year CD
1.50%*$100k*-2 Year CD
OTHER TIERS: 1.17% → $1k - $100k
1.50%*$100k*-Business 2 Year CD
OTHER TIERS: 1.17% → $1k - $100k
1.50%$100k-2 Year Jumbo CD
1.45%$1k$100k4 Year CD
1.45%$1k-Business 4 Year CD
1.35%*$100k*-1 Year CD
OTHER TIERS: 1.11% → $1k - $100k
1.35%*$100k*-Business 1 Year CD
OTHER TIERS: 1.11% → $1k - $100k
1.35%$100k-1 Year Jumbo CD
1.27%$1k$100k3 Year CD
1.27%$1k-Business 3 Year CD
1.22%$1k$100k30 Month CD
1.22%$1k-Business 30 Month CD
1.11%$1k$100k18 Month CD
1.11%$1k-Business 18 Month CD
0.85%*$100k*-182 Day CD
OTHER TIERS: 0.65% → $1k - $100k
0.85%*$100k*-Business 182 Day CD
OTHER TIERS: 0.65% → $1k - $100k
0.85%$100k-182 Day Jumbo CD
0.50%*$100k*-90 Day CD
OTHER TIERS: 0.35% → $1k - $100k
0.50%*$100k*-Business 90 Day CD
OTHER TIERS: 0.35% → $1k - $100k
0.50%$100k-90 Day Jumbo CD
0.35%*$100k*-60 Day CD
OTHER TIERS: 0.25% → $1k - $100k
0.35%*$100k*-Business 60 Day CD
OTHER TIERS: 0.25% → $1k - $100k
0.35%$100k-60 Day Jumbo CD
0.30%*$100k*-30 Day CD
OTHER TIERS: 0.22% → $2.5k - $100k
0.30%*$100k*-Business 30 Day CD
OTHER TIERS: 0.22% → $2.5k - $100k
0.30%$100k-30 Day Jumbo CD

Bank of Utah IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.42%$100-30 Month IRA
2.02%$100-18 Month IRA
1.76%$100-6 Month IRA
Locations

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