Personal Money Market

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First Utah Bank’s Personal Money Market Account is a great way to save while still having access to your money when you need it most! This account is designed for you if you’re looking for tiered rates in an FDIC-insured account.

Account Features:

  • Tiered interest rates so you can earn more as your account balance grows*
  • Unlimited deposits
  • Unlimited withdrawals and transfers at First Utah Bank branch offices
  • Free Personal Online Banking, Mobile Banking, Messenger and Bill Payment
  • Free eStatements

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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 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 $2,500.00 to open this account. Account may be opened online with $100.00.
Minimum balance to avoid imposition of fees – A monthly service charge fee of $15.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.
Daily balance computation method – We use the daily balance method to calculate the 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).
Transaction limitations – Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, or similar order to third parties are limited to six per statement period.
Fees – An excess withdrawal fee of $15.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of the above limitations.
Rate ChartCurrent 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 internet-support@firstutahbank.com.
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.