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TAB Bank


Overview / Commentary
www.tabbank.com
801-624-5304
4185 Harrison Boulevard, Suite 200
Ogden, UT 84403

TAB Bank is headquartered in Ogden and is the 24th largest bank in the state of Utah. It is also the 970th largest bank in the nation. It was established in 1998 and as of December of 2019, it had grown to 251 employees at 1 location. TAB Bank's savings rates are 73% higher than the national average, and it boasts an A+ health rating.

Related Posts

KASASA Checking Account Lowered To 2% As Of 7/1 - 7/1/2020

Dear Valued Customer, We're writing to let you know that the Annual Percentage Yield (APY) for your Kasasa Cash Checking Account with TAB Bank is changing from 3.00% APY to 2.00% APY for balances from $0.01 to $25,000 effective 7/1/2020. As our country continues to deal with the economic impacts of the COVID-19 pandemic, there have been major shifts in interest rates for deposit accounts. At TAB Bank, we are committed to providing the best possible rate that we can under the current circumstances. If you have any questions, please contact TAB Bank Customer Service at 800-355-3063.

Kasasa Cash Discontinued July 1st - 5/30/2020

Just got an email stating that TAB Bank was completely discontinuing their Kasasa Rewards product as of July 1st. All Kasasa accounts will be converted to High Yield Savings accounts (current rate: 1.10% APY).

Online Savings Massive Cut To 1.10% - 5/15/2020

Tab dropped the rate from 1.40% to 1.10% yesterday on their online savings. They are now well below most of the large online banks.

View all posts from:


Reviews (36)

Reliable Rate, Overall Happy Experience

Posted by: |

I've had their rewards checking account since June 2019 and it's been good so far. Their rate has remained consistent and reliable through much of the recent rate drops. They have only just recently reduced it to 3% for April going forward, but that is still far better than competitors (Orion dropped to 1%, Heritage dropped to 1.5%). They also provided several days advanced notice prior to changing their rate, which I greatly respect and appreciate. By contrast, Orion retroactively changed their rates late March for the entire month, despite saying they wouldn't.

Pros:
- Great rate for rewards checking with high max limit. I've received the higher rate every single month since opening
- No requirements to earn higher interest in the first month after account opening
- Competitive rate for savings accounts
- Good online/mobile banking (transactions show up immediately) with alerts and bill pay
- Free ATM reimbursement wherever you want (up to $15/month)

Cons:
- You must wait 90+ days after opening before you can use their external transfer services (I know I can push/pull from an external account, but that's just ridiculous)
- Low ACH transfer limits and slow speed ($3,000, really?)
- Slow customer service response times, but they're at least nice from what I've experienced

5

Update, Appears They Have Corrected The Error.

Posted by: |

Not paying the 4% promised. And there are so many restrictions on the 15 transactions in a month, it is a pain even if they did hold up their end of the deal.

22

Lackluster Customer Service

Posted by: |

Good rate, but expect loooong hold times to speak with anyone, and if the rep can't figure it out you have to wait a few days for someone to get back to you via email. Said email may or may not address your issue, and you're back to trying to reach a live person again. I put up with it only because of the competitive Kasasa rate. Also be aware that debits must be a minimum of $5. And as someone else pointed out, there is no place check to see the status of how you're doing in meeting requirements. Most Kasasa accounts have that and it's good to be able to confirm that you and the bank are on the same page, no month end surprise. They really should add that.

31

Easy To Open, But Can't Transfer Additional $ In

Posted by: |

Easily opened my account a few days ago. Only then did I find out when I linked my external checking account that ACH transactions are limited to a maximum of $3,000 per transaction. Then I was notified that I will need to wait 90 days until my transfer account is allowed to transfer funds into TAB! Will be closing this account next week.

19
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Health
A+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34781
Year Established1998
Employees251
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD3.76%
Annual Interest Income$66.8MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$827.0MM$739.4MM
LoansQ4 2019vs Q4 2018$616.8MM$593.9MM
DepositsQ4 2019vs Q4 2018$691.9MM$560.7MM
Equity CapitalQ4 2019vs Q4 2018$102.8MM$99.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$13.6MM$9.7MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$10.3MM$15.4MM
Real Estate OwnedQ4 2019vs Q4 2018$0$2.2MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

KASASA Checking Account Lowered To 2% As Of 7/1

  |  
Dear Valued Customer,
We're writing to let you know that the Annual Percentage Yield (APY) for your Kasasa Cash Checking Account with TAB Bank is changing from 3.00% APY to 2.00% APY for balances from $0.01 to $25,000 effective 7/1/2020.

As our country continues to deal with the economic impacts of the COVID-19 pandemic, there have been major shifts in interest rates for deposit accounts. At TAB Bank, we are committed to providing the best possible rate that we can under the current circumstances.

If you have any questions, please contact TAB Bank Customer Service at 800-355-3063.
6

Kasasa Cash Discontinued July 1st

  |  
Just got an email stating that TAB Bank was completely discontinuing their Kasasa Rewards product as of July 1st. All Kasasa accounts will be converted to High Yield Savings accounts (current rate: 1.10% APY).
5

Online Savings Massive Cut To 1.10%

  |  
Tab dropped the rate from 1.40% to 1.10% yesterday on their online savings. They are now well below most of the large online banks.
6

Kasasa Cash Deposit Cap Down To $25K

  |  
We are lowering maximum deposit amount that qualifies for highest rate from $50,000 to $25,000. This change is effective 5/29/2020.
3

Rates
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Always verify rates and promotions with the bank or credit union. We are not TAB Bank; we are a rate comparison website and cannot provide official rates or promotions.

TAB Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$1-High Yield Savings
0.25%$1-Premium Savings
0.25%$1-Business Savings

TAB Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$1-Business Money Market
0.25%$25-Money Market

TAB Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$25-Business Checking
0.10%$1-365 Checking
0.10%$1-Tab Chrome Checking

TAB Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$1k-60 Month CD
1.10%$1k-Business 60 Month CD
0.99%$1k-48 Month CD
0.99%$1k-Business 48 Month CD
0.95%$1k-36 Month CD
0.95%$1k-Business 36 Month CD
0.75%$1k-24 Month CD
0.75%$1k-Business 24 Month CD
0.70%$1k-18 Month CD
0.70%$1k-Business 18 Month CD
0.60%$1k-12 Month CD
0.60%$1k-Business 12 Month CD
0.50%$1k-6 Month CD
0.50%$1k-9 Month CD
0.50%$1k-Business 6 Month CD
0.50%$1k-Business 9 Month CD

TAB Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$1k-60 Month IRA CD
0.99%$1k-48 Month IRA CD
0.95%$1k-36 Month IRA CD
0.75%$1k-24 Month IRA CD
0.70%$1k-18 Month IRA CD
0.60%$1k-12 Month IRA CD
0.50%$1k-6 Month IRA CD
0.50%$1k-9 Month IRA CD
Locations


TAB Bank Locations
Transportation Alliance Bank, Inc.4185 Harrison Boulevard, Suite 200Ogden, UT 84403

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.