Zions Bank

Overview / Commentary

www.zionsbank.com

888-416-5176

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.

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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 (31)

Been With Zions Since I Was 12 Years Old, And Will Be Staying With Them For Life!

Posted by: joeylap | Feb 10, 2012

Zions Bank has the greatest customer service I've ever experienced!

Every time I leave a branch I think to myself, "now that is customer service." When I lived in Layton, I would be greeted with a "hey Joey, how are you today?" Something I thought I would miss when I moved to Logan for school. It didn't even take a month before I was getting the same treatment at any of the many branches here in Cache Valley. Not just my name, but they remember to ask about my family, a test I had last week, or making sure I got over the sickness I recently had.

I went on a vacation last year, but forgot to transfer the needed money from my savings to checking before I left! I was away from the internet for the majority of the trip, but once I could check on things, I noticed that I had racked up quite a lot in NSF charges. I gave Zions a call and explained my mistake and they waived them all. Let me repeat that, they waived every NSF charge I had (validly) incurred. They didn't need to, but were more than happy to help out. This was very smart of them considering that because of this service, I'll be with them for life.

I once went into a branch inside a Smith's to get a money order. The teller told me that he'd be more than happy to get me one, but they cost $2.50. He advised I go to the Smith's customer service desk, as it would only cost $0.50 there. Instead of looking out for their company's profit margin, they look out for the customer.

The one downside is that they are not nationwide. If you travel too far, there won't be any ATMs you can use without charges. Zions' fees are very reasonable though, only one dollar to use a non-friendly ATM where other banks charge three or four. A friend of mine just complained about a certain mega-bank that charged him $38 for NSF (quite a bit more than the $0 I paid.) No minimum balance. No monthly charges. Just reasonable fees where needed and outstanding customer service.

I wouldn't dream of leaving Zions bank.

Comment

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

Zions Bank Sucks

Posted by: Mckaynewman | May 27, 2023

I am so sick of Zions bank. Every time I have to get something done here they fail. I’ve done wire transfers and they either lose it or forget to do it. They have a glitch on their website and I end up having to pay a fine. This bank sucks.

Comment

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Health

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	2270
Year Established	1873
Employees	10064
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.92%
Return on Equity - YTD	16.22%
Annual Interest Income	$923.8MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$88.57B$91.13B
Loans	Q1 2023vs Q1 2022	$55.72B$50.81B
Deposits	Q1 2023vs Q1 2022	$69.21B$82.35B
Equity Capital	Q1 2023vs Q1 2022	$5.18B$6.29B
Loan Loss Allowance	Q1 2023vs Q1 2022	$618.3MM$478.4MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$157.2MM$238.3MM
Real Estate Owned	Q1 2023vs Q1 2022	$1.7MM$0

Rates

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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
2.02%^*^†	$250k^*	-	Money Market
OTHER TIERS: 0.95% → $1k - $5k \| 1.46% → $5k - $250k
2.02%^*^†	$500k^*	-	Premier Money Market
OTHER TIERS: 1.11% → $5k - $100k \| 1.61% → $100k - $250k \| 1.71% → $250k - $500k
1.21%^*^†	$250k^*	-	Business Money Market
OTHER TIERS: 0.55% → $1k - $5k \| 0.75% → $5k - $25k \| 1.00% → $25k - $250k
1.21%^*^†	$1m^*	-	Business Money Market Sweep
OTHER TIERS: 0.15% → Up to $10k \| 0.35% → $10k - $50k \| 0.65% → $50k - $100k \| 0.75% → $100k - $1m
0.70%^*^†	$50k^*	-	IRA Money Market
OTHER TIERS: 0.15% → Up to $10k \| 0.35% → $10k - $25k \| 0.45% → $25k - $50k

Zions Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*^†	$100k^*	-	Premier Elite Checking
OTHER TIERS: 0.20% → Up to $5k \| 0.25% → $5k - $100k
0.30%^*^†	$100k^*	-	Premium Interest Checking
OTHER TIERS: 0.12% → Up to $5k \| 0.25% → $5k - $100k
0.25%^*^†	$500k^*	-	Business Interest Checking
OTHER TIERS: 0.10% → Up to $5k \| 0.11% → $5k - $25k \| 0.13% → $25k - $100k \| 0.15% → $100k - $250k \| 0.20% → $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
5.20%^†	$1k	$100k	12 Month Regular CD
5.20%^†	$1k	$100k	Business 12 Month CD
3.05%^†	$1k	$100k	6 Month Regular CD
3.05%^†	$1k	$100k	9 Month Regular CD
3.05%^†	$1k	$100k	18 Month Regular CD
3.05%^†	$1k	$100k	24 Month Regular CD
3.05%^†	$1k	$100k	36 Month Regular CD
3.05%^†	$1k	$100k	48 Month Regular CD
3.05%^†	$1k	$100k	60 Month Regular CD
3.05%^†	$1k	$100k	Business 6 Month CD
3.05%^†	$1k	$100k	Business 9 Month CD
3.05%^†	$1k	$100k	Business 18 Month CD
3.05%^†	$1k	$100k	Business 24 Month CD
3.05%^†	$1k	$100k	Business 36 Month CD
3.05%^†	$1k	$100k	Business 48 Month CD
3.05%^†	$1k	$100k	Business 60 Month CD
1.00%^†	$1k	$100k	3 Month Regular CD
1.00%^†	$1k	$100k	Business 3 Month CD
0.30%^†	$1k	$100k	1 Month Regular CD
0.30%^†	$1k	$100k	Business 1 Month CD

Zions Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
5.20%^†	$1k	-	12 Month IRA CD
3.05%^†	$1k	-	6 Month IRA CD
3.05%^†	$1k	-	9 Month IRA CD
3.05%^†	$1k	-	18 Month IRA CD
3.05%^†	$1k	-	24 Month IRA CD
3.05%^†	$1k	-	36 Month IRA CD
3.05%^†	$1k	-	48 Month IRA CD
3.05%^†	$1k	-	60 Month IRA CD
1.00%^†	$1k	-	3 Month IRA CD
0.30%^†	$1k	-	1 Month IRA CD