First Utah Bank makes choosing the right business savings account easy!
Reinvesting your profits back into your business can fuel future growth and provide extra security as a rainy day fund for your business. At First Utah Bank. our goal is to make choosing the right business savings account easy. If your business is just getting started and you’re looking for easy-to-use sub accounts, our Business Money Market Savings account would likely be a good option. If you maintain higher balances and have more account activity, our traditional Business Savings account might be a better fit.
Need more info to decide? Check out our helpful savings account comparison chart below.
Compare our business savings account options to find the right one for you...
| Business Money Market | Business Savings | |
|---|---|---|
Recommended if… |
You maintain larger account balances and are looking for a competitive rate of return |
You have a larger business with higher balances and greater account activity |
Minimum Opening Deposit |
$2,500 |
$25 |
Transaction Limitations |
Limited to six withdrawals per month |
No |
Is there a Monthly Service Fee? |
Maintain an average daily balance of $2,500 and we will waive the $15 monthly fee |
No |
Is the account eligible for VISA® debit cards? |
Yes |
Yes |
Minimum Balance Requirement? |
To avoid a monthly service fee, please maintain a daily average balance of $2,500 |
Yes |
Does the account pay interest? |
Yes |
Yes |
May I request paper statements? |
There is currently no fee for paper statements however it is free to sign up for eStatement and eNotice if that is your preference |
There is currently no fee for paper statements however it is free to sign up for eStatement and eNotice if that is your preference |
Free Digital Access to Mobile Banking, Internet Banking, Mobile Deposit, TransferNow (A-2-A), Alerts, Bill Payment |
Yes |
Yes |
Cash Management Services such as the Treasury Management Portal, Treasury Management Mobile, ACH Origination Services, Wires, Positive Pay, Remote Deposit accessible? |
Yes |
Yes |
| Business Money Market |
|---|
|
Recommended if… |
|
You maintain larger account balances and are looking for a competitive rate of return |
|
Minimum Opening Deposit |
|
$2,500 |
|
Transaction Limitations |
|
Limited to six withdrawals per month |
|
Is there a Monthly Service Fee? |
|
Maintain an average daily balance of $2,500 and we will waive the $15 monthly fee |
|
Is the account eligible for VISA® debit cards? |
|
Yes |
|
Minimum Balance Requirement? |
|
To avoid a monthly service fee, please maintain a daily average balance of $2,500 |
|
Does the account pay interest? |
|
Yes |
|
May I request paper statements? |
|
There is currently no fee for paper statements however it is free to sign up for eStatement and eNotice if that is your preference |
|
Free Digital Access to Mobile Banking, Internet Banking, Mobile Deposit, TransferNow (A-2-A), Alerts, Bill Payment |
|
Yes |
|
Cash Management Services such as the Treasury Management Portal, Treasury Management Mobile, ACH Origination Services, Wires, Positive Pay, Remote Deposit accessible? |
|
Yes |
| Business Savings |
|---|
|
Recommended if… |
|
You have a larger business with higher balances and greater account activity |
|
Minimum Opening Deposit |
|
$25 |
|
Transaction Limitations |
|
No |
|
Is there a Monthly Service Fee? |
|
No |
|
Is the account eligible for VISA® debit cards? |
|
Yes |
|
Minimum Balance Requirement? |
|
Yes |
|
Does the account pay interest? |
|
Yes |
|
May I request paper statements? |
|
There is currently no fee for paper statements however it is free to sign up for eStatement and eNotice if that is your preference |
|
Free Digital Access to Mobile Banking, Internet Banking, Mobile Deposit, TransferNow (A-2-A), Alerts, Bill Payment |
|
Yes |
|
Cash Management Services such as the Treasury Management Portal, Treasury Management Mobile, ACH Origination Services, Wires, Positive Pay, Remote Deposit accessible? |
|
Yes |
Make First Utah Bank your first choice for business savings accounts!
Here are four great reasons to choose First Utah Bank for your business savings accounts
No ATM fees at First Utah Bank and MoneyPass ATMs
Make cash withdrawals from your savings accounts from more than 100 convenient ATMs in northern Utah and more than 40,000 ATMs worldwide.
Free eStatements and eNotices
eStatements and eNotices are the easy, convenient, secure, and green way to get statements and notices about your business savings account.
Free mobile and online banking
With Mobile Banking and Internet Banking, you can manage your finances quickly, easily, and securely.
Security of Utah’s best community bank
Your deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government through the FDIC.
What our customers say
“When my mother passed away and there were problems with her account they brought me in and helped me get it all sorted!”
“No Complaints, Best Bank ever, Thank you so much ❤️.”
