Companion Savings - First Utah Bank | Personal Banking | Business Banking | Treasury Management | Loans
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Companion Savings

Link your Companion Savings account with your First Utah Bank Interest, Money Back or Full Service Checking account and earn even more!

 

Earn up to 0.75% APY* based on your account balance.

Account Features:

  • Linked to Interest Checking, Money Back Checking or Full Service Checking account
  • 0.75% to 0.50% APY* depending on the account’s balance
  • No monthly service fee
  • No minimum balance requirements
  • Free Mobile and Internet Banking with Bill Pay
*APY = Annual Percentage Yield
Rate Information – Your interest rate and annual percentage yield may change as shown on the rate chart.
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 month. Interest will be credited to your account ever month.
Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.
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 your deposit non-cash items (for example, checks).
Transaction limitations – Transfers from a Companion Savings account to another account or to third parties by pre-authorized, automatic, telephone or computer transfer or by check, draft, or similar order to third parties are limited to six per month.
Minimum balance to open the account – You must deposit $25.00 to open this account.
Additional Terms – To open this account you must have an open, active Interest Checking or Money Back Checking account at First Utah Bank. This Companion Savings account will convert to a Basic Checking account if the Interest Checking, Money Back Checking or Full Service Checking account is closed or becomes inactive (6 months of no activity) or dormant (unable to contact and no activity).