Central Bank (UT)


Overview / Commentary
801-375-1000
75 North University Avenue
Provo, UT 84601

Central Bank (UT) is headquartered in PROVO and is the 23rd largest bank in the state of Utah. It is also the 584th largest bank in the nation. It was established in 1891 and as of June of 2024, it had grown to 287 employees at 12 locations. Central Bank (UT)'s money market rates are 9X the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #9204
Year Established1891
Employees287
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.43%
Return on Equity - YTD11.67%
Annual Interest Income$56.6MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$1.98B$1.97B
LoansQ2 2024vs Q2 2023$1.19B$1.03B
DepositsQ2 2024vs Q2 2023$1.51B$1.5B
Equity CapitalQ2 2024vs Q2 2023$248.5MM$212.5MM
Loan Loss AllowanceQ2 2024vs Q2 2023$36.7MM$32.2MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$3MM$85K
Real Estate OwnedQ2 2024vs Q2 2023$504K$1.2MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Central Bank (UT) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$1-YOUth Smart Savings Account
0.15%$100-Business Savings
0.15%$100-Personal Statement Savings Account

Central Bank (UT) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.82%*$500k*-High Yield Money Market Account
OTHER TIERS: 1.26% $1k - $10k | 1.36% $10k - $100k | 2.53% $100k - $250k | 3.35% $250k - $500k

Central Bank (UT) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.67%$500-6 Month CD Special
4.67%$500-Business 6 Month CD Special
4.42%$500-12 Month CD Special
4.42%$500-Business 12 Month CD Special
3.65%$500-5 Year CD
3.65%$500-Business 5 Year CD
3.13%$500-4 Years to 5 Years CD
3.13%$500-Business 4 Years to 5 Years CD
2.88%$500-3 Years to 4 Years CD
2.88%$500-Business 3 Years to 4 Years CD
2.62%$500-2 Years to 3 Years CD
2.62%$500-Business 2 Years to 3 Years CD
2.37%$500-1 Year to 2 Year CD
2.37%$500-Business 1 Year to 2 Year CD
1.61%$500-6 Months to 1 Year CD
1.61%$500-Business 6 Months to 1 Year CD
1.36%$500-60 Day to 6 Month CD
1.36%$500-Business 60 Day to 6 Month CD

Central Bank (UT) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.67%$100-6 Month IRA Special
4.41%$100-12 Month IRA Special
3.65%$0-5 Year IRA
3.13%$0-4 Year IRA
2.88%$0-3 Year IRA
2.62%$0-2 Year IRA
2.37%$0-1 Year IRA
Locations

Availability

Salt Lake City Area

Interactive local rates map


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