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State Bank of Southern Utah


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
4.54%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
4.30%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
4.50%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
4.39%
Our Rating
3.1  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.sbsu.com
435-865-2300
377 North Main
Cedar City, UT 84721

State Bank of Southern Utah is headquartered in CEDAR CITY and is the 21st largest bank in the state of Utah. It is also the 491st largest bank in the nation. It was established in 1957 and as of December of 2024, it had grown to 294 employees at 17 locations. State Bank of Southern Utah's money market rates are 9X the national average, and it has an A health rating.

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Health
A

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #17964
Year Established1957
Employees294
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD11.2%
Annual Interest Income$123.2MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$2.51B$2.38B
LoansQ4 2024vs Q4 2023$1.7B$1.42B
DepositsQ4 2024vs Q4 2023$2.11B$1.91B
Equity CapitalQ4 2024vs Q4 2023$240.6MM$208.6MM
Loan Loss AllowanceQ4 2024vs Q4 2023$20.3MM$18.5MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$7.2MM$7MM
Real Estate OwnedQ4 2024vs Q4 2023$0$2.8MM
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
4.54%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
4.30%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
4.50%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
4.39%
Our Rating
3.1  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/15/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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Always verify rates and promotions with the bank or credit union. We are not State Bank of Southern Utah; 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.

State Bank of Southern Utah Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$0-Regular Savings

State Bank of Southern Utah Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.82%*$500k*-Money Market Account
OTHER TIERS: 1.76% → $500 - $25k | 2.27% → $25k - $100k | 2.78% → $100k - $500k

State Bank of Southern Utah Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%$0$50kBig Interest Checking
0.20%*$500k*-Business Interest Checking
OTHER TIERS: 0.05% → $5k - $50k | 0.10% → $50k - $500k
0.15%*$25k*-Emerald Elite
OTHER TIERS: 0.10% → $0 - $25k

State Bank of Southern Utah CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-12 Month Add-On CD
4.25%$500-6 Month CD
4.25%$500-Business 6 Month CD
4.25%$500-Business 12 Month Add-On CD
4.00%$500-60 Month CD
4.00%$500-Business 60 Month CD
3.80%$500-18 Month CD
3.80%$500-24 Month CD
3.80%$500-36 Month CD
3.80%$500-48 Month CD
3.80%$500-Business 18 Month CD
3.80%$500-Business 24 Month CD
3.80%$500-Business 36 Month CD
3.80%$500-Business 48 Month CD
0.20%$500-3 Month CD
0.20%$500-Business 3 Month CD
0.10%$500-1 Month CD
0.10%$500-Business 1 Month CD

State Bank of Southern Utah IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.80%*$250k*-IRA
OTHER TIERS: 2.78% → $0 - $25k | 3.29% → $25k - $250k
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