Looking for a better yield on your savings?
At First Utah Bank, we’re a financial institution committed to helping you reach your savings goals. That’s why we’re happy to announce new, higher CD rates! Our 12-month CD has a new Annual Percentage Yield (APY) of 2%. We’re also offering:
—A 24-month CD (APY 2.20%)
—A 36-month CD (APY 2.40%)
—A 48-month CD (APY 2.60%)
—A 60-month CD (APY 3.0%)
The Annual Percentage Yields are effective as of 05/01/18, but hurry in — rates are subject to change.
Certificates of Deposit are FDIC Insured up to $250,000. With a certificate of deposit, you are able to deposit money for a specific period of time and earn a higher APY than with a traditional savings account. If you are looking for a guaranteed rate of return for money that you don’t need right away, a CD can be a great option. CDs are for longer-term savings. If you need the money that you’ve put in a CD before the term ends, you can withdraw it, but you’ll be subject to a penalty for early withdrawal.
First Utah Bank has a five-star BauerFinancial Rating, the highest rating for financial stability. The minimum balance required to open a CD is $500.00 and interest is paid quarterly. These CD specials apply to new money only.
Questions about deposits? Call us or stop by any of our convenient locations to learn more about investing in CDs.