Earn a competitive rate based on your account balance
First Utah Bank’s Companion Savings account is a great accompanyment to a Money Back, Personal, or Interest checking account. You can earn a competitive rate even on low account balances. It’s the best of both worlds. See all the benefits in the chart below.
Recommended if… |
You’re looking for a companion account to your Money Back, Personal or Interest checking account that pays a competitive rate on low account balances |
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 |
*APY=Annual Percentage Yield
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 your 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 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.
Additional Terms: To open this account you must have an open and active Money Back, Interest or Full Service checking account at First Utah Bank. This Companion savings account may convert to a Personal savings account if the First Utah Bank account is closed or becomes inactive (six months of no activity) or dormant (unable to contact and no activity).
|
Recommended if… |
|
You’re looking for a companion account to your Money Back, Personal or Interest checking account that pays a competitive rate on low account balances |
|
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 |
*APY=Annual Percentage Yield
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 your 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 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.
Additional Terms: To open this account you must have an open and active Money Back, Interest or Full Service checking account at First Utah Bank. This Companion savings account may convert to a Personal savings account if the First Utah Bank account is closed or becomes inactive (six months of no activity) or dormant (unable to contact and no activity).
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.”
