Bank of Utah

Overview / Commentary
2605 Washington Blvd
Ogden, UT 84401

Bank of Utah is headquartered in Ogden and is the 19th largest bank in the state of Utah. It is also the 574th largest bank in the nation. It was established in 1952 and as of June of 2020, it had grown to 347 employees at 19 locations. Bank of Utah has an A+ health rating.

Reviews (1)

Solid products, but bad customer service

Posted by: |

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

FDIC Certificate #17159
Year Established1952
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.78%
Return on Equity - YTD13.5%
Annual Interest Income$31.4MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.68B$1.32B
LoansQ2 2020vs Q2 2019$1.32B$1.04B
DepositsQ2 2020vs Q2 2019$1.37B$1.07B
Equity CapitalQ2 2020vs Q2 2019$207.0MM$181.5MM
Loan Loss AllowanceQ2 2020vs Q2 2019$16.4MM$11.8MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$90.00K$6.5MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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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

0.32%*$1k*-Health Savings Account (HSA)
OTHER TIERS: 0.17% $500 - $1k
0.20%*$250k*-iSave Account
OTHER TIERS: 0.05% $500 - $1k | 0.07% $1k - $50k | 0.12% $50k - $100k | 0.15% $100k - $250k
0.10%$1-Business Regular Savings
0.10%*$100k*-Sweep Repurchase Account
OTHER TIERS: 0.03% $1 - $50k | 0.05% $50k - $100k
0.05%$1-Regular Savings
0.05%$1-Regular Savings for Children

Bank of Utah Money Market Rates

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

Bank of Utah Checking Account Rates

0.55%*$100k*-Public Fund Advantage
OTHER TIERS: 0.28% $1 - $50k | 0.41% $50k - $100k
0.10%*$50k*-Premier Gold Checking
OTHER TIERS: 0.05% $500 - $5k | 0.06% $5k - $20k | 0.07% $20k - $50k
0.07%*$20k*-Non-profit Advantage
OTHER TIERS: 0.03% $1 - $2.5k | 0.05% $2.5k - $20k
0.05%$500-Top 50 Checking
0.05%*$20k*-Business Advantage Checking
OTHER TIERS: 0.01% $1 - $2.5k | 0.03% $2.5k - $20k
0.01%$500-Premier Checking

Bank of Utah CD Rates

0.75%$1k$100k5 Year CD
0.75%$1k-Business 5 Year CD
0.70%$1k$100k4 Year CD
0.70%$1k-Business 4 Year CD
0.65%$1k$100k3 Year CD
0.65%$1k-Business 3 Year CD
0.63%*$100k*-2 Year CD
OTHER TIERS: 0.53% $1k - $100k
0.63%*$100k*-Business 2 Year CD
OTHER TIERS: 0.53% $1k - $100k
0.63%$100k-2 Year Jumbo CD
0.55%$1k$100k30 Month CD
0.55%$1k-Business 30 Month CD
0.50%*$100k*-1 Year CD
OTHER TIERS: 0.40% $1k - $100k
0.50%*$100k*-Business 1 Year CD
OTHER TIERS: 0.40% $1k - $100k
0.50%$100k-1 Year Jumbo CD
0.40%*$100k*-182 Day CD
OTHER TIERS: 0.30% $1k - $100k
0.40%$1k$100k18 Month CD
0.40%*$100k*-Business 182 Day CD
OTHER TIERS: 0.30% $1k - $100k
0.40%$1k-Business 18 Month CD
0.40%$100k-182 Day Jumbo CD
0.25%*$100k*-90 Day CD
OTHER TIERS: 0.15% $1k - $100k
0.25%*$100k*-Business 90 Day CD
OTHER TIERS: 0.15% $1k - $100k
0.25%$100k-90 Day Jumbo CD
0.20%*$100k*-30 Day CD
OTHER TIERS: 0.10% $2.5k - $100k
0.20%*$100k*-60 Day CD
OTHER TIERS: 0.10% $1k - $100k
0.20%*$100k*-Business 30 Day CD
OTHER TIERS: 0.10% $2.5k - $100k
0.20%*$100k*-Business 60 Day CD
OTHER TIERS: 0.10% $1k - $100k
0.20%$100k-30 Day Jumbo CD
0.20%$100k-60 Day Jumbo CD

Bank of Utah IRA Rates

1.41%$100-30 Month IRA
1.02%$100-18 Month IRA
0.75%$100-6 Month IRA


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