Bank of Utah

Overview / Commentary

www.bankofutah.com

801-409-5001

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 376^th largest bank in the nation. It was established in 1952 and as of June of 2024, it had grown to 396 employees at 20 locations. Bank of Utah's money market rates are 8X the national average, and it boasts an A+ health rating.

1-Year CD Available Nationwide Online - 4/10/2024

5.20% APY 1-Year CD, $1,000 minimum 5.30% APY 1-Year Jumbo CD $100,000 minimum "Bank of Utah CDs are available nationwide to residents of the U.S." (from online application) There is also 15-month CD (5.35% APY), but it "is offered exclusively to new CDs opened online as part of a limited-time promotion tailored for Bank of Utah mortgage customers."

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Health

A+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	17159
Year Established	1952
Employees	396
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.31%
Return on Equity - YTD	10.55%
Annual Interest Income	$79.9MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$3.28B$2.67B
Loans	Q2 2024vs Q2 2023	$2.46B$2.01B
Deposits	Q2 2024vs Q2 2023	$2.59B$2.07B
Equity Capital	Q2 2024vs Q2 2023	$386.8MM$352.4MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$32.2MM$28.3MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$0$0
Real Estate Owned	Q2 2024vs Q2 2023	$0$1.4MM

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
1.77%^*	$200k^*	-	iSave Account
OTHER TIERS: 0.45% → $500 - $10k \| 0.85% → $10k - $50k \| 1.01% → $50k - $100k \| 1.11% → $100k - $150k \| 1.20% → $150k - $200k
1.77%^*	$200k^*	-	Children's I Save
OTHER TIERS: 0.45% → $500 - $10k \| 0.85% → $10k - $50k \| 1.01% → $50k - $100k \| 1.11% → $100k - $150k \| 1.20% → $150k - $200k
0.50%^*	$100k^*	-	Sweep Repurchase Account
OTHER TIERS: 0.10% → $1 - $50k \| 0.25% → $50k - $100k
0.32%^*	$1k^*	-	Health Savings Account (HSA)
OTHER TIERS: 0.17% → $500 - $1k
0.15%	$1	-	Business Regular Savings

Bank of Utah Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
3.45%^*	$200k^*	-	My Money Market
OTHER TIERS: 0.60% → $10k - $25k \| 1.26% → $25k - $50k \| 2.02% → $50k - $100k \| 2.53% → $100k - $150k \| 3.04% → $150k - $200k
1.65%^*	$250k^*	-	Business Premier Gold Money Market Savings
OTHER TIERS: 0.30% → $1 - $20k \| 0.65% → $20k - $50k \| 0.99% → $50k - $100k \| 1.25% → $100k - $250k
0.85%^*	$250k^*	-	Business Insured Money Market Savings
OTHER TIERS: 0.10% → $1 - $20k \| 0.20% → $20k - $50k \| 0.30% → $50k - $100k \| 0.50% → $100k - $250k
0.30%	$1	-	Business Money Market Sweep

Bank of Utah Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
4.04%^*	$100k^*	-	Public Fund Advantage
OTHER TIERS: 2.00% → $1 - $50k \| 3.02% → $50k - $100k
0.65%^*	$200k^*	-	Evergreen (Hybrid) Account
OTHER TIERS: 0.05% → $500 - $10k \| 0.15% → $10k - $50k \| 0.25% → $50k - $100k \| 0.35% → $100k - $150k \| 0.50% → $150k - $200k
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
4.55%	$1k	$100k	90 Day CD
4.55%	$1k	-	Business 90 Day CD
4.50%	$1k	$100k	182 Day CD
4.50%	$1k	-	Business 182 Day CD
4.30%	$1k	$100k	1 Year CD
4.30%	$1k	-	Business 1 Year CD
4.30%	$500	-	1 Year Super Saver CD
4.20%	$1k	$100k	18 Month CD
4.20%	$1k	-	Business 18 Month CD
3.95%	$1k	$100k	2 Year CD
3.95%	$1k	$100k	3 Year CD
3.95%	$1k	-	Business 2 Year CD
3.95%	$1k	-	Business 3 Year CD
3.85%	$1k	$100k	30 Month CD
3.85%	$1k	-	Business 30 Month CD
3.03%	$1k	$100k	4 Year CD
3.03%	$1k	$100k	5 Year CD
3.03%	$1k	-	Business 4 Year CD
3.03%	$1k	-	Business 5 Year CD
1.00%	$1k	$100k	60 Day CD
1.00%	$1k	-	Business 60 Day CD
0.45%	$2.5k	$100k	30 Day CD
0.45%	$1k	-	Business 30 Day CD

Bank of Utah IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.06%	$100	-	30 Month IRA
3.91%	$100	-	18 Month IRA
2.02%	$100	-	6 Month IRA

Locations

Availability

Salt Lake City Area

Salt Lake City Area bank & credit union details

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