Banking Rates & News

Salt Lake City Area

Including Afton, Alpine, Altamont, Amalga, American Fork, Beaver, Big Piney, BLANDING, BLUFF, Bluffdale, and 137 other towns.

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Banking in the Salt Lake City Area

The high elevation capital city of Utah, Salt Lake City, is bordered by the Wasatch Range’s snow-capped peaks and the Great Salt Lake. The ten acre Temple Square in the downtown area is the headquarters of the Mormon Church and home to the neo-Gothic Assembly Hall, Salt Lake Temple, and the domed Tabernacle where the Mormon Tabernacle Choir performs. In 1873 the Zion Bank opened its doors to the residents of Salt Lake City and still serves the area today. This is a fine example of the dedication found among the financial institutions of this city.

Notable institutions such as Morgan Stanley Bank, N.A., GE Capital Bank, American Express Bank, FSB, and Ally Bank offer online banking to the residents of Salt Lake City. In addition, approximately 1,390 branch offices coming from more than 80 banks such as BMW Bank of North America and First National Bank of Layton, as well as more than 105 credit unions serve this area. Residents can enjoy the security of keeping their money in these institutions’ savings and checking accounts, and help is easily found for all types of banking from simple check cashing to saving for one’s retirement.

There are 64 banks and 80 credit unions that have chosen Salt Lake City as their headquarters. This gives those living in the city and surrounding areas competitive rates when looking for student loans, home loans, auto loans, or personal loans. They can also take advantage of everyday financial assistance with savings clubs and college funds.

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Local Deals & News

Bread Financial Has Across-The-Board CD And Savings Rate Increases
Deal Summary: Bread Savings CDs – 4-year (4.65% APY) and 5-year (4.75% APY), $1.5k min/$1m max deposit per account. High-Yield Savings Account, 3.50% APY on all balances. Availability: Nationwide (internet
Merrick Bank Hikes All CD Rates
Deal Summary: 12-month CD, 4.60% APY, $25k minimum/$250k maximum deposit. Availability: Nationwide (internet bank) Since the beginning of the month, Utah-based Merrick Bank had two across-the-board CD rate increases. Last
Savings To 3 Percent
Savings have increased to 3 percent and 5 percent with direct deposit
TAB Bank Raises Rate To 3.64% APY
Your High Yield Savings Account1 rate is increasing from 3.00% to 3.64% Annual Percentage Yield (APY). Your new APY went into effect on 11/15/2022.
On Their Web Site, High-Yield Savings 3.50%, CD Rates Up Too
CD rates: 1-year 4.50% APY 2-year 4.50% APY 3-year 4.50% APY 4-year 4.65% APY 5-year 4.75% APY
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