Central Bank (UT) is headquartered in Provo and is the 18th largest bank in the state of Utah. It is also the 724th largest bank in the nation. It was established in 1891 and as of December of 2018, it had grown to 236 employees at 11 locations. Central Bank (UT)'s money market rates are 3X the national average, and it boasts 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.
Warning To All Who Might Use Central Bank
Never use Central Bank they are thieves and dishonest.
i call to fix a problem with my account
then without telling me closed out my account
even though the problem was because of a technical error on central banks part.
NEVER NEVER NEVER get an account with them or you will be sorry.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 9204 |
| Year Established | 1891 |
| Employees | 236 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.89% |
| Return on Equity - YTD | 12% |
| Annual Interest Income | $59.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.09B$1.02B |
| Loans | Q4 2018vs Q4 2017 | $695.3MM$628.7MM |
| Deposits | Q4 2018vs Q4 2017 | $834.7MM$785.1MM |
| Equity Capital | Q4 2018vs Q4 2017 | $178.2MM$161.6MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $20.4MM$14.6MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $1.2MM$963.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $7.2MM$10.3MM |
Always verify rates and promotions with the bank or credit union. We are not Central Bank (UT); 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.
Central Bank (UT) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | $1 | - | YOUth Smart Savings Account | |
| 0.10% | $100 | - | Business Savings | |
| 0.10% | $100 | - | Personal Statement Savings Account |
Central Bank (UT) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.26%* | $1m* | - | High Yield Money Market Account | ||
| OTHER TIERS: 0.20% → $1k - $10k | 0.95% → $10k - $250k | 1.06% → $250k - $500k | 1.16% → $500k - $1m | |||||
Central Bank (UT) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.78% | $500 | - | 5 Year CD | |
| 2.27% | $500 | - | 4 Year CD | |
| 2.02% | $500 | - | 3 Year CD | |
| 1.87% | $500 | - | 2 Year CD | |
| 1.76% | $500 | - | 1 Year CD | |
| 1.00% | $500 | - | 6 Month CD | |
| 0.20% | $500 | - | 60 Day to 6 Month CD |
Central Bank (UT) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.78% | - | - | 5 Year IRA | |
| 2.27% | - | - | 4 Year IRA | |
| 2.02% | - | - | 3 Year IRA | |
| 1.86% | - | - | 2 Year IRA | |
| 1.76% | - | - | 1 Year IRA |
