Central Bank (UT)
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.41% | 5-year CD | 5 Year CD 2.35% - Synchrony Bank 60 Month CD |
| 0.35% | 1-year CD | 1 Year CD 1.40% - Synchrony Bank 12 Month CD |
| 0.10% | Savings | Personal Statement Savings Account |
Central Bank (UT) is headquartered in Springville and is the 21st largest bank in the state of Utah. It is also the 773rd largest bank in the nation. It was established in 1891 and as of March of 2017, it had grown to 209 employees at 10 locations. Central Bank (UT) has an A+ health rating.
Great bank!
When I lived in Provo, I used Central Bank, switching over from Wells Fargo. Personable service, and you can actually get to know the people that work there (turnover seems low). This has been a good overall banking experience for me, and even after moving to a different state, I've found it easier to continue working with them rather than switch to a new bank. They post funds quickly, offer free checking (or at least did when I signed up), and have a great online banking application that allows you to take pictures of checks and submit them rather than have to mail them in or hand-deliver them, which has been a lifesaver living several states away. Overall, a very positive experience, and I'd highly recommend them to anyone in the area; I do know they have other branches in the state, though this was the Provo Office was the only one I ever dealt with.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 9204 |
| Year Established | 1891 |
| Employees | 209 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.63% |
| Return on Equity - YTD | 10.51% |
| Annual Interest Income | $11.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $971.5MM$905.3MM |
| Loans | Q1 2017vs Q1 2016 | $542.3MM$464.9MM |
| Deposits | Q1 2017vs Q1 2016 | $744.5MM$703.7MM |
| Equity Capital | Q1 2017vs Q1 2016 | $152.8MM$143.1MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $11.5MM$12.1MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $861.00K$12.7MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $13.4MM$18.3MM |
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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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $100 | - | Business Savings Account | |
| 0.10% | $100 | - | Personal Statement Savings Account |
Central Bank (UT) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | $10k | - | High Yield Money Market Account | |
| 0.10% | $1k | - | Money Market Account |
Central Bank (UT) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $500 | - | Checking With Interest | |
| 0.05% | $500 | - | 62+ Free Interest Checking |
Central Bank (UT) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.41% | $500 | - | 5 Year CD | |
| 0.90% | $500 | - | 4 Year CD | |
| 0.75% | $500 | - | 3 Year CD | |
| 0.50% | $500 | - | 2 Year CD | |
| 0.35% | $500 | - | 1 Year CD | |
| 0.20% | $500 | - | 6 Month CD | |
| 0.10% | $500 | - | 60 Day CD |
Central Bank (UT) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.41% | - | - | 5 Year IRA | |
| 0.90% | - | - | 4 Year IRA | |
| 0.75% | - | - | 3 Year IRA | |
| 0.50% | - | - | 2 Year IRA | |
| 0.35% | - | - | 1 Year IRA |
| Central Bank (UT) Locations | ||
|---|---|---|
| Riverside Plaza Branch | 1300 North State Street | Provo, UT 84601 |
| American Fork Branch | 175 East Main St | American Fork, UT 84003 |
| Payson Branch | 182 North Main Street | Payson, UT 84651 |
| Central Bank | 202 South Main Street | Springville, UT 84663 |
| Mapleton Branch | 385 North Main St | Mapleton, UT 84663 |
| Orem Branch | 415 North State St | Orem, UT 84057 |
| Lehi Office | 475 East Main Street | Lehi, UT 84043 |
| Provo Branch | 75 North University Avenue | Provo, UT 84601 |
| Pleasant Grove Branch | 801 S Pleasant Grove Blvd | Pleasant Grove, UT 84062 |
| Spanish Fork Branch | One North Main Street | Spanish Fork, UT 84660 |