Bank of Utah
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.02% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 1.27% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 0.10% | Savings | 0.27% - National Average |
Bank of Utah is headquartered in Ogden and is the 16th largest bank in the state of Utah. It is also the 572nd largest bank in the nation. It was established in 1952 and as of December of 2018, it had grown to 338 employees at 18 locations. Bank of Utah's CD rates are 41% higher than the national average, and it boasts an A+ health rating.
Solid products, but bad customer service
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.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17159 |
| Year Established | 1952 |
| Employees | 338 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.81% |
| Return on Equity - YTD | 14.93% |
| Annual Interest Income | $56.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.42B$1.21B |
| Loans | Q4 2018vs Q4 2017 | $1.04B$864.6MM |
| Deposits | Q4 2018vs Q4 2017 | $1.17B$984.0MM |
| Equity Capital | Q4 2018vs Q4 2017 | $168.3MM$151.7MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $11.6MM$10.9MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $0$359.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
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 | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.77%* | $100k* | - | Public Fund Advantage | ||
| OTHER TIERS: 1.38% → $1 - $50k | 2.07% → $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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.02% | $1k | $100k | 5 Year CD | ||
| 2.02% | $1k | - | Business 5 Year CD | ||
| 1.71% | $1k | $100k | 4 Year CD | ||
| 1.71% | $1k | - | Business 4 Year CD | ||
| 1.40%* | $100k* | - | 2 Year CD | ||
| OTHER TIERS: 1.20% → $1k - $100k | |||||
| 1.40%* | $100k* | - | Business 2 Year CD | ||
| OTHER TIERS: 1.20% → $1k - $100k | |||||
| 1.40% | $100k | - | 2 Year Jumbo CD | ||
| 1.33% | $1k | $100k | 3 Year CD | ||
| 1.33% | $1k | - | Business 3 Year CD | ||
| 1.27%* | $100k* | - | 1 Year CD | ||
| OTHER TIERS: 1.06% → $1k - $100k | |||||
| 1.27%* | $100k* | - | Business 1 Year CD | ||
| OTHER TIERS: 1.06% → $1k - $100k | |||||
| 1.27% | $100k | - | 1 Year Jumbo CD | ||
| 1.25% | $1k | $100k | 30 Month CD | ||
| 1.25% | $1k | - | Business 30 Month CD | ||
| 1.20% | $1k | $100k | 18 Month CD | ||
| 1.20% | $1k | - | Business 18 Month CD | ||
| 0.82%* | $100k* | - | 182 Day CD | ||
| OTHER TIERS: 0.62% → $1k - $100k | |||||
| 0.82%* | $100k* | - | Business 182 Day CD | ||
| OTHER TIERS: 0.62% → $1k - $100k | |||||
| 0.82% | $100k | - | 182 Day Jumbo CD | ||
| 0.61%* | $100k* | - | 90 Day CD | ||
| OTHER TIERS: 0.41% → $1k - $100k | |||||
| 0.61%* | $100k* | - | Business 90 Day CD | ||
| OTHER TIERS: 0.41% → $1k - $100k | |||||
| 0.61% | $100k | - | 90 Day Jumbo CD | ||
| 0.42%* | $100k* | - | 30 Day CD | ||
| OTHER TIERS: 0.22% → $2.5k - $100k | |||||
| 0.42%* | $100k* | - | Business 30 Day CD | ||
| OTHER TIERS: 0.22% → $2.5k - $100k | |||||
| 0.42% | $100k | - | 30 Day Jumbo CD | ||
| 0.41%* | $100k* | - | 60 Day CD | ||
| OTHER TIERS: 0.25% → $1k - $100k | |||||
| 0.41%* | $100k* | - | Business 60 Day CD | ||
| OTHER TIERS: 0.25% → $1k - $100k | |||||
| 0.41% | $100k | - | 60 Day Jumbo CD | ||
Bank of Utah IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.75% | $100 | - | 30 Month IRA | |
| 1.70% | $100 | - | 18 Month IRA | |
| 1.12% | $100 | - | 6 Month IRA |
