TAB Bank is headquartered in Ogden and is the 24th largest bank in the state of Utah. It is also the 856th largest bank in the nation. It was established in 1998 and as of June of 2022, it had grown to 333 employees at 1 location. TAB Bank has an A+ health rating.
Related Posts
8/31 - TAB Bank Raises High Yield Savings Rate To 2.16% APY
7/31 - TAB Bank Raises High Yield Savings Account Rate To 1.92% APY
7/16 - TAB Bank Raises Rate On High Yield Savings To 1.68%
6/4 - TAB Bank High Yield Savings Account Has Top Rate
6/2 - TAB Bank Ups High Yield Savings To 1.26%APY And 9 Month CD To 1.55%APY
5/3 - TAB Bank Ups Rates On High Yield Savings And 9-Month CD
3/14 - TAB Bank Ups Rate On Nationally Available High Yield Savings
5/30 - Kasasa Cash Discontinued July 1st
5/15 - Online Savings Massive Cut To 1.10%
4/28 - Kasasa Cash Deposit Cap Down To $25K
3/30 - TAB BANK Rate Drop..Received This Email Today
1/18 - New Checking Account
1/2 - Savings Rate Cut At TAB Bank
10/31/19 - As Rates Fall, the Appeal of High-Yield Reward Checking Grows
4/22/19 - TAB Bank Debuts Kasasa Cash Checking, 4.00% APY Up To $50k
1/21/19 - TAB Bank High Yield Savings Raised to 2.30% APY
6/6/18 - TAB Bank Ups Nationally Available 12-Month CD Rate
2/1/18 - TAB Bank Has Nationally Available Competitive 9-Month CD
9/12/16 - TAB Bank Raises Rates On Nationally Available CDs
2/26/07 - 5.25% Savings Account at Transportation Alliance Bank
3/24/06 - 4.50% Money Market Account / 5.15% 12-Month CD at Transportation Alliance Bank
Wonderful Customer Service
Like few other banks I deal with, TAB answers the phone promptly, knows how to deal with the request without transfers and holds, and follows through in a very timely manner. In addition, the customer service reps and friendly and personable. Pretty unusual, isn't it? Great bank.
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.
Closing Account After A Few Years
It's 11pm, I need to know how much I have in the account. The old app doesn't work. The new app doesn't work. I can't log in through the browser on either the old or the new site. I tried to reset my password and it says my account is locked. I called support and it hung up on me. I can no longer link the account through Mint. They basically just trashed their online experience. I'm screwed at the moment and there's nothing I can do about it.
Lackluster Customer Service
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.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34781 |
| Year Established | 1998 |
| Employees | 333 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.12% |
| Return on Equity - YTD | 19.81% |
| Annual Interest Income | $50.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $1.19B$1.33B |
| Loans | Q2 2022vs Q2 2021 | $947.2MM$1.11B |
| Deposits | Q2 2022vs Q2 2021 | $972.2MM$843.2MM |
| Equity Capital | Q2 2022vs Q2 2021 | $131.4MM$116.5MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $15.2MM$12.0MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $3.9MM$4.0MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |