With a Checking Plus Account from First Utah Bank, you’ll earn interest each month by simply maintaining an average balance of $500.00. That’s putting your money to work for you!
- Interest-bearing account*
- Waiver of monthly service charge if average balance is maintained.*
- Unlimited Check Writing
- Free Personal Online Banking, Mobile Banking, Messenger and Bill Payment
- Free eStatements
- No ATM fees at First Utah Bank ATMs or MoneyPass ATMs
- Free Debit Card
- Overdraft Protection Available (subject to credit approval)
*Rate Information – The interest rate and annual percentage yield for your account depend upon the applicable rate tier as shown on the rate chart. The interest rate and annual percentage yield for these tiers may change.
Frequency of rate changes – We may change the interest rate on your account weekly.
Determination of rate – At our discretion we may change the interest rate on your account.
Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account – You must deposit $100.00 to open this account.
Minimum balance to avoid imposition of fees – A monthly service charge fee of $7.00 will be imposed each statement cycle if the average daily balance for the statement cycle falls below $500.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.
Daily balance computation method – We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Rate Chart – Current interest rates and annual percentage yield information can be located on our rate chart or by calling (801)272-9454.
Fee Schedule – Current fee schedule can be located by calling (801)272-9454 or emailing firstname.lastname@example.org.
Overdraft Fee Transaction Categories – The categories of transactions for which an overdraft fee may be imposed are those by any of the following means: check, in-person withdrawal, or ACH debit.