Make First Utah Bank your first choice for business savings accounts
A Business Savings account offers a convenient way to keep your money safe while watching it grow. With no minimum balance requirement and no monthly service fees, as your business expands, you’ll ways have the money you need for any unexpected expenses.
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 |
Minimum Balance Requirement? |
No |
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 access to Mobile Banking, Internet Banking, Mobile Deposit and Alerts |
Yes |
Cash Management Services such as the Treasury Management Mobile |
Yes |
Minimum balance to open the account: A minimum of $25.00 is required.
Rate Information: See attached rate chart. Your interest rate and annual percentage yield may change as shown on the rate chart. Current rate chart available at www.firstutahbank.com or by calling (801) 308-BANK (2265).
Transaction Limitations: This account is limited to 6 withdrawals per month. Withdrawals are transactions processed by Debit Card, ATM, ACH and wire transfer. Account to account transfers done in person, by telephone or online are not limited. Excess withdrawals will be subject to a $15 fee per transaction.
Rate Information: See attached rate chart. 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. Current rate chart available ist www.firstutahbank.com or by calling (801) 308-BANK (2265).
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 non-cash deposits: Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
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 quarter. Interest will be credited to your account every quarter.
Effect of closing an account: If you close your account before interest is credited; you will not receive the accrued interest.
Account Fees: No monthly service charge and no minimum balance requirements. An excess withdrawal fee of $15 per transaction on qualifying transactions under Transaction Limitations.
|
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 |
|
Minimum Balance Requirement? |
|
No |
|
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 access to Mobile Banking, Internet Banking, Mobile Deposit and Alerts |
|
Yes |
|
Cash Management Services such as the Treasury Management Mobile |
|
Yes |
Minimum balance to open the account: A minimum of $25.00 is required.
Rate Information: See attached rate chart. Your interest rate and annual percentage yield may change as shown on the rate chart. Current rate chart available at www.firstutahbank.com or by calling (801) 308-BANK (2265).
Transaction Limitations: This account is limited to 6 withdrawals per month. Withdrawals are transactions processed by Debit Card, ATM, ACH and wire transfer. Account to account transfers done in person, by telephone or online are not limited. Excess withdrawals will be subject to a $15 fee per transaction.
Rate Information: See attached rate chart. 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. Current rate chart available ist www.firstutahbank.com or by calling (801) 308-BANK (2265).
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 non-cash deposits: Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
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 quarter. Interest will be credited to your account every quarter.
Effect of closing an account: If you close your account before interest is credited; you will not receive the accrued interest.
Account Fees: No monthly service charge and no minimum balance requirements. An excess withdrawal fee of $15 per transaction on qualifying transactions under Transaction Limitations.
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 ❤️.”
