Rates

Rates effective as of 10/19/2017. All deposit account rates are subject to change without notice. Contact us for more information.

Certificates of Deposit (all CDs are subject to a penalty for early withdrawal)

Promotional CDs
Term Minimum Deposit to Open Annual Interest Rate Annual Percentage Yield
(Quarterly Compound)
6 month $500 0.60% 0.60%
12 month  0.80% 0.80%
24 month 1.19% 1.20%

 

Fixed Rate/Variable Maturity CDs and “Stack” CDs
Term Minimum Deposit to Open Annual Interest Rate Annual Percentage Yield
(Quarterly Compound)
1 month $500 0.10% 0.10%
3 month 0.10% 0.10%
6 month 0.25% 0.25%
12 month 0.35% 0.35%
24 month 0.50% 0.50%
36 month 0.75% 0.75%
48 month 0.85% 0.85%
60 month 1.15% 1.15%
1 month $100,000 0.15% 0.15%
3 month 0.15% 0.15%
6 month 0.30% 0.30%
12 month 0.40% 0.40%
24 month 0.55% 0.55%
36 month 0.80% 0.80%
48 month 0.90% 0.90%
60 month 1.20%  1.21%

Money Market, Savings, and NOW Accounts

 Personal Money Market Accounts
Monthly service fees may reduce earnings. Rate may change after account is opened.
Available
Balance
Minimum Deposit
to Open & Avoid
Monthly Service Fee
Monthly Service Charge
if Daily Balance Drops
Below Required Minimum 
Annual Interest Rate Annual Percentage Yield
(Monthly Compound)
$250,000 and above $2,500 $15 0.20% 0.20%
$100,000 – $249,999 0.15% 0.15%
$25,000 – $99,999 0.10% 0.10%
$10,000 – $24,999 0.05% 0.05%
$1,000 – $9,999 0.05% 0.05%
$0 – $999 0.05% 0.05%
$250,000 and above $25,000 $25 0.30% 0.30%
$100,000 – $249,999 0.25% 0.25%
$25,000 – $99,999 0.20% 0.20%
$10,000 – $24,999 0.15% 0.15%
$1,000 – $9,999 0.15% 0.15%
$0 – $999 0.15% 0.15%

 

Business Money Market Accounts
Monthly service fees may reduce earnings. Rate may change after account is opened.
Available
Balance
Minimum Deposit
to Open & Avoid
Monthly Service Fee
Monthly Service Charge
if Daily Balance Drops
Below Required Minimum
Annual Interest Rate Annual Percentage Yield
(Monthly Compound)
$1,000,000 and above $2,500 $15 0.25% 0.25%
$500,000 – $999,999 0.20% 0.20%
$250,000 – $499,999 0.15% 0.15%
$100,000 – $249,999 0.10% 0.10%
$50,000 – $99,999 0.05% 0.05%
$0 – $49,999 0.05% 0.05%

 

Business High Yield Money Market Account
Monthly service fees may reduce earnings. Rate may change after account is opened.
Available
Balance
Minimum Deposit
to Open & Avoid
Monthly Service Fee
Monthly Service Charge
if Daily Balance Drops
Below Required Minimum
Annual Interest Rate Annual Percentage Yield
(Monthly Compound)
$0 $25,000 $25 1.00% 1.00%

 

Savings Accounts
Monthly service fees may reduce earnings. Rate may change after account is opened.
Product Interest Paid on
Balances Above
Annual Interest Rate Annual Percentage Yield
(Monthly Compound, Except Where Noted)
Kasasa Saver $0 1.00% 1.00%
$250,000 1.00% – 0.75% 1.00% – 0.75%
Basic Savings $0 0.10% 0.10%
(quarterly compound)
Flex IRA $0 0.85% 0.85%

 

Interest Bearing Checking Accounts
Monthly service fees may reduce earnings. Rate may change after account is opened.
Product Interest Paid on
Balances Above
Annual Interest Rate Annual Percentage Yield
(Monthly Compound)
Kasasa Cash $0 2.13% 2.15%
$10,000 2.13% – 0.83% 2.15% – 0.83%
IOLTA
(Formerly Nonprofit NOW)
$0 0.20% 0.20%
$50,000 0.20% 0.20%
$100,000 0.25% 0.25%
$250,000 0.30% 0.30%
$500,000 0.35% 0.35%
$1,000,000 0.40% 0.40%

 

First Place Checking Accounts
Monthly service fees may reduce earnings. Rate may change after account is opened.
Available
Balance
Minimum Deposit to Open Annual Interest Rate Annual Percentage Yield
(Quarterly Compound)
$250,000 and above $100 0.25% 0.25%
$100,000 – $249,999 0.20% 0.20%
$25,000 – $99,999 0.15% 0.15%
$10,000 – $24,999 0.10% 0.10%
$1,000 – $9,999 0.10% 0.10%
$0 – $999 0.10% 0.10%

Additional product information is available in the First Utah Bank Consumer and Commercial Account Disclosures.