TAB Bank is headquartered in Ogden and is the 24th largest bank in the state of Utah. It is also the 1,055th largest bank in the nation. It was established in 1998 and as of March of 2019, it had grown to 234 employees at 1 location. TAB Bank's savings rates are 5X the national average, and it has a B+ health rating.
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1/21 - TAB Bank High Yield Savings Raised to 2.30% APY
Great Rewards Checking Rates.
Had about five glitches to open and fund the account in the past month, no problem. Everything is fine now. I went from 2.25% checking rewards rate on $20,000 and savings rate of 1.00%, to TAB's 4.00% on $50,000, and savings rate of 2.40%. Thanks Ken Tumin for this webpage which has provided me with the best rates for savers for the past 20 years or so.
Update, Appears They Have Corrected The Error.
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.
Easy To Open, But Can't Transfer Additional $ In
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.
Shady Rewards
Opened a rewards account. There is no online way of checking to see if you've met monthly requirements. I messaged TAB online to verify. The rep response was that my 15 debits did not count because they were made with Square; they do not count those because they can't tell if it's the account holder doing the transactions. Not sure how they could ever verify that and disappointed they didn't make that clear in their requirements. 15 transactions with Square resulted in minimum interest. Plan to close account.
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34781 |
| Year Established | 1998 |
| Employees | 234 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.93% |
| Return on Equity - YTD | 6.73% |
| Annual Interest Income | $15.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $715.5MM$740.3MM |
| Loans | Q1 2019vs Q1 2018 | $580.3MM$611.4MM |
| Deposits | Q1 2019vs Q1 2018 | $565.0MM$553.2MM |
| Equity Capital | Q1 2019vs Q1 2018 | $101.2MM$98.5MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $9.1MM$7.7MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $18.4MM$11.9MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $1.0MM$2.8MM |
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.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
TAB Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.40% | $1 | - | High Yield Savings | ||
| 1.50%* | - | $100k | Kasasa Saver | ||
| OTHER TIERS: 0.25% → $100k+ | |||||
| 0.25% | $1 | - | Premium Savings | ||
| 0.25% | $1 | - | Business Savings | ||
TAB Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.82% | $1 | - | Business Money Market | |
| 0.25% | $25 | - | Money Market |
TAB Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 4.00%* | - | $50k | Kasasa Cash Checking | ||
| OTHER TIERS: 0.25% → $50k+ | |||||
| 0.25% | $25 | - | Business Checking | ||
| 0.10% | $1 | - | 365 Checking | ||
| 0.10% | $1 | - | Tab Chrome Checking | ||
TAB Bank CD Rates
| TAB Bank Locations | ||
|---|---|---|
| Transportation Alliance Bank, Inc. | 4185 Harrison Boulevard, Suite 200 | Ogden, UT 84403 |