Zions Bank

Overview / Commentary

www.zionsbank.com

801-844-7000

1 S Main Street
Salt Lake City, UT 84133

From the Bank

Zions First National Bank was founded in Salt Lake City in 1873 and continues its legacy of strength and stability as one of the oldest financial institutions in the Intermountain West. To bring value to individuals, small-to middle-market businesses, nonprofits, corporations and institutions, Zions Bank provides a wide range of traditional banking and innovative technology services. Through its network of 122 full-service financial centers across Utah, Idaho and Wyoming, the bank offers consumers a range of mortgage and home equity loan options, AmaZing Rewards® credit cards, Private and Executive Banking services, and online and mobile banking.

Dedicated to supporting economic development in the communities it serves, Zions Bank is a consistent market leader in US Small Business Administration lending and is known for its local decision making. Companies can find solutions through the bank’s range of commercial loans, international banking services and award-winning Treasury Management solutions.

Zions Bank is a division of Zions Bancorporation, N.A. (NASDAQ: ZION), one of the nation's premier financial services companies, with total assets exceeding $65 billion. Zions Bancorporation, N.A. is a member of the Federal Deposit Insurance Corporation (FDIC), and operates under multiple trade names in multiple states. Divisions of Zions Bancorporation, N.A. are not separate FDIC-insured banks. The FDIC coverage extended to deposit clients is that of one insured bank

Schwab Brokered CD: 5.4% 18Mo, 5.35% 12Mo - 3/24/2023

Zions BanCorp UT 5.4% CD matures 9/24/2024. Semi-annual interest payments, non-callable, $14.6MM avail as of 2:30pm EST 3/24 via Charles Schwab (other brokers may have available). FDIC insured.

View all posts from:

2023
2018
2014
Earlier

3/24 - Schwab Brokered CD: 5.4% 18Mo, 5.35% 12Mo

10/30 - Zions Bank Offers Online Money Market In 41 States
10/24 - 2.25% APY Online Money Market

3/25 - Zions Fails Bank Stress Test, Says Customers Shouldn’t Worry

Reviews (30)

As expected

Posted by: Diersagev | Aug 28, 2014

When it comes to consistency, they just about have it nailed down. The unfortunate customer service that we've (sadly) come to expect, is right about on par.
There are no fireworks. Nothing personable or spectacular to mention regarding service; the employees are cordial and polite and will then happily transfer you to another department. If that is satisfactory for you, that's great! You'll be getting the exact same response from the next representative on the line.
That being said, what they do manage to take care of is prompt and efficient. Just don't expect them to feel your pain when your bank information has been hacked and your account has been drained. For some reason they can't grasp your frustration about your funds not being replaced for at least 3 weeks. Wow, what horrible, demanding customers we are!

Comment

Poor Customer Service

Posted by: oslagbar | Dec 15, 2014

I've been with Zions for almost 10 years and they have quickly become the worst possible banking experience ever. They offer products in which the local branches are unable to handle and need to call the Salt Lake City office for everything, They must provide little or no employee training as they customer service is no service at all. When doing an internal transfer of funds from the savings account to the checking account they hold the funds for a day. These are internal funds from balances that are supposed to be available balances. I have never had a bank put a hold on their their own funds. The branch manager has no interest in customer service and the HQ in SLC really don't care. I've tried to resolve issues in a calm and professional manner and have no results. Closing accounts and would never do business with them again.

Comment

Frustrated User And Outsider

Posted by: jfarring52 | Sep 13, 2022

I have two bad experiences with Zions bank.
The first was when I was a poor college student. I had a checking account with them and I had several small overdrawn amounts which I knew about. It was early on in the semester. I was quick to get my account back in the positive and thought nothing of it, additionally paying the late fees. At the end of the semester I get hit with a bill saying that I had to pay the overdrawn amount separately and that I had to manually do that by coming into their office. They also put an interest fee on there. I was furious and let the manager know that their tag line, "we know who keeps us in business" was BS.

Second experience. I'm a business owner here in Utah and bank with Chase who is great. I do contract work for a company that banks with Zions and I receive a check monthly from this account. Every month, Zions puts the check on hold and makes me manually call them to clear the check. It takes up to 2-5 hours every month. Worst bank ever. Their processes are cumbersome and not efficient for the day and age we live in and nickel and dime you.

Comment

A caring and professional bank

Posted by: ShanIbrahim | Dec 25, 2016

I was in Utah for college and BoA was not available in the area for me to deposit/withdraw money and manage my account. I went into Zion Bank in South Jordan, UT to open an account. I was greeted very warmly, like family. I opened up a savings/checking account with them. Their web experience is very user friendly and easy to navigate. I would definitely recommend Zion bank. They also offered me a small scholarship for attending a university nearby.

Comment

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Health

B+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	2270
Year Established	1873
Employees	9895
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.89%
Return on Equity - YTD	12.56%
Annual Interest Income	$1.16B

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$87.78B$87.21B
Loans	Q2 2022vs Q2 2021	$51.90B$50.93B
Deposits	Q2 2022vs Q2 2021	$79.06B$76.11B
Equity Capital	Q2 2022vs Q2 2021	$5.63B$8.03B
Loan Loss Allowance	Q2 2022vs Q2 2021	$508.7MM$534.6MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$191.5MM$288.8MM
Real Estate Owned	Q2 2022vs Q2 2021	$0$1.4MM

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Zions 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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Zions Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.19%^*^†	$100k^*	-	Savings Account
OTHER TIERS: 0.16% → Up to $25k \| 0.17% → $25k - $50k \| 0.18% → $50k - $100k
0.19%^*^†	$100k^*	-	Business Savings
OTHER TIERS: 0.16% → Up to $25k \| 0.17% → $25k - $50k \| 0.18% → $50k - $100k
0.18%^*^†	$10k^*	-	Young Savers
OTHER TIERS: 0.16% → Up to $1k \| 0.17% → $1k - $10k

Zions Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.77%^†	$1k	-	Online Money Market
1.21%^*^†	$250k^*	-	Money Market
OTHER TIERS: 0.25% → $1k - $5k \| 0.40% → $5k - $25k \| 0.80% → $25k - $100k \| 1.06% → $100k - $250k
1.00%^*^†	$250k^*	-	Business Money Market
OTHER TIERS: 0.25% → $1k - $5k \| 0.30% → $5k - $25k \| 0.55% → $25k - $100k \| 0.75% → $100k - $250k
1.00%^*^†	$1m^*	-	Business Money Market Sweep
OTHER TIERS: 0.15% → Up to $10k \| 0.25% → $10k - $50k \| 0.35% → $50k - $100k \| 0.65% → $100k - $250k \| 0.75% → $250k - $1m
0.45%^*^†	$50k^*	-	IRA Money Market
OTHER TIERS: 0.15% → Up to $10k \| 0.20% → $10k - $25k \| 0.25% → $25k - $50k

Zions Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.17%^*^†	$100k^*	-	Premium Interest Checking
OTHER TIERS: 0.12% → Up to $5k \| 0.13% → $5k - $25k \| 0.15% → $25k - $100k
0.17%^*^†	$500k^*	-	Business Interest Checking
OTHER TIERS: 0.10% → Up to $5k \| 0.11% → $5k - $25k \| 0.13% → $25k - $100k \| 0.15% → $100k - $250k \| 0.16% → $250k - $500k
0.15%^*^†	$100k^*	-	Anytime Interest Checking
OTHER TIERS: 0.10% → Up to $5k \| 0.11% → $5k - $100k

Zions Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.15%^†	$1k	-	12 Month Regular CD
4.15%^†	$1k	-	Business 12 Month CD
2.22%^*^†	$100k^*	-	18 Month Regular CD
OTHER TIERS: 2.12% → $1k - $100k
2.22%^*^†	$100k^*	-	24 Month Regular CD
OTHER TIERS: 2.12% → $1k - $100k
2.22%^*^†	$100k^*	-	36 Month Regular CD
OTHER TIERS: 2.12% → $1k - $100k
2.22%^*^†	$100k^*	-	48 Month Regular CD
OTHER TIERS: 2.12% → $1k - $100k
2.22%^*^†	$100k^*	-	60 Month Regular CD
OTHER TIERS: 2.12% → $1k - $100k
2.22%^*^†	$100k^*	-	Business 18 Month CD
OTHER TIERS: 2.12% → $1k - $100k
2.22%^*^†	$100k^*	-	Business 24 Month CD
OTHER TIERS: 2.12% → $1k - $100k
2.22%^*^†	$100k^*	-	Business 36 Month CD
OTHER TIERS: 2.12% → $1k - $100k
2.22%^*^†	$100k^*	-	Business 48 Month CD
OTHER TIERS: 2.12% → $1k - $100k
2.22%^*^†	$100k^*	-	Business 60 Month CD
OTHER TIERS: 2.12% → $1k - $100k
0.60%^*^†	$100k^*	-	6 Month Regular CD
OTHER TIERS: 0.50% → $1k - $100k
0.60%^*^†	$100k^*	-	9 Month Regular CD
OTHER TIERS: 0.50% → $1k - $100k
0.60%^*^†	$100k^*	-	Business 6 Month CD
OTHER TIERS: 0.50% → $1k - $100k
0.60%^*^†	$100k^*	-	Business 9 Month CD
OTHER TIERS: 0.50% → $1k - $100k
0.40%^*^†	$100k^*	-	1 Month Regular CD
OTHER TIERS: 0.30% → $1k - $100k
0.40%^*^†	$100k^*	-	3 Month Regular CD
OTHER TIERS: 0.30% → $1k - $100k
0.40%^*^†	$100k^*	-	Business 1 Month CD
OTHER TIERS: 0.30% → $1k - $100k
0.40%^*^†	$100k^*	-	Business 3 Month CD
OTHER TIERS: 0.30% → $1k - $100k

Zions Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.15%^†	$1k	-	12 Month IRA CD
2.22%^*^†	$100k^*	-	18 Month IRA CD
OTHER TIERS: 2.12% → $1k - $100k
2.22%^*^†	$100k^*	-	24 Month IRA CD
OTHER TIERS: 2.12% → $1k - $100k
2.22%^*^†	$100k^*	-	36 Month IRA CD
OTHER TIERS: 2.12% → $1k - $100k
2.22%^*^†	$100k^*	-	48 Month IRA CD
OTHER TIERS: 2.12% → $1k - $100k
2.22%^*^†	$100k^*	-	60 Month IRA CD
OTHER TIERS: 2.12% → $1k - $100k
0.60%^*^†	$100k^*	-	6 Month IRA CD
OTHER TIERS: 0.50% → $1k - $100k
0.60%^*^†	$100k^*	-	9 Month IRA CD
OTHER TIERS: 0.50% → $1k - $100k
0.40%^*^†	$100k^*	-	1 Month IRA CD
OTHER TIERS: 0.30% → $1k - $100k
0.40%^*^†	$100k^*	-	3 Month IRA CD
OTHER TIERS: 0.30% → $1k - $100k