TAB Bank is headquartered in Ogden and is the 24th largest bank in the state of Utah. It is also the 1,031st largest bank in the nation. It was established in 1998 and as of December of 2018, it had grown to 225 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
New Customer
Great so far. Just opened this account. Was extremely easy to open. I got my debit card in like 7 business days. Easy to make 15 debits at $5 or more each, direct deposit and e statements to get the 4%. Only drawback is I had to link other accounts to transfer monies to them. You have to wait a year before you can initiate a transfer from this bank.
Great CD Rate Ummm Rewards Checking Rate
The 15 debits per month requirement of $5.00 wont be hard, You buy gas for your vehicle sooo do $5.00 transactions when you go to gas station, If you are buying $25.00 of gas just do increments( hey, there is 5 debit transactions taken care of)
The one ACH can be any denomination.
My questions is if I am in another state, how easy to get money from this Rewards Checking once I open and fund account?
Great rate--4.00% APY (3.93 % APR) up to $50 k (like buying a 50K CD @ 3.93 % APR)
TAB
Transportation Alliance Bank (TAB) is one of the best banks i have ever used. They specialize in offering service to the transportation industry. So, all over the country it was easy to do every kind of transaction online or over the phone. They offered services that other banks hadn't started using yet, like taking a picture of both sides of a check to deposit it.
WARNING - $5 Minimum Transactions For Kasasa Eligibility
Their 4% Kasasa checking seems like a fantastic deal until you read the fine print:
"**The following activities do not count toward earning account rewards: debit card purchases less than $5.00"
It's not exactly a dealbreaker, but it definitely diminishes my enthusiasm for the account.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34781 |
| Year Established | 1998 |
| Employees | 225 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.78% |
| Return on Equity - YTD | 13.81% |
| Annual Interest Income | $61.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $739.4MM$749.4MM |
| Loans | Q4 2018vs Q4 2017 | $593.9MM$592.7MM |
| Deposits | Q4 2018vs Q4 2017 | $560.7MM$575.5MM |
| Equity Capital | Q4 2018vs Q4 2017 | $99.2MM$95.4MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $9.7MM$7.7MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $15.4MM$6.8MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $2.2MM$1.6MM |
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 |