Make First Utah Bank your first choice for personal savings accounts
First Utah Bank’s Personal Savings account is a great way to consistently save money for unexpected expenses. This account is designed for you if you’re looking for a traditional savings account without a minimum balance requirement.
Recommended if… |
You need a traditional savings account without a minimum balance requirement |
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 choose either paper statements or electronic statements for no fee? |
Yes |
Free access to Mobile Banking, Internet Banking, Mobile Deposit and Alerts |
Yes |
Minimum balance to open the account: A minimum of $25.00 is required.
Account fees: There is no monthly service charge and no minimum balance requirements.
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 at 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.
|
Recommended if… |
|
You need a traditional savings account without a minimum balance requirement |
|
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 choose either paper statements or electronic statements for no fee? |
|
Yes |
|
Free access to Mobile Banking, Internet Banking, Mobile Deposit and Alerts |
|
Yes |
Minimum balance to open the account: A minimum of $25.00 is required.
Account fees: There is no monthly service charge and no minimum balance requirements.
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 at 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.
What our customers say
“Excellent bank. Top-notch customer service as they are proactive and polite. Everything is simplified, efficient, and easy to work through compared to a large, national organization.”
“They take great care of my elderly dad. Always nice and efficient.”
