Interest Checking | Rewards Checking | First Utah Bank

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Interest Checking

Earn high interest rates with no minimum balance requirement and no monthly service fee.


Interest Checking is a free checking account with no minimum balance and of course, 0.15% APY* interest!

Interest Checking is a whole new way to bank; it’s free checking that rewards you with 0.15% APY*.

It’s high-interest checking with no minimum balance requirements, and no monthly service fees. Link it to a Companion Savings; a free savings account to build your savings.

Account Features:

  • 0.15% APY* on all balances.
  • May be linked to a free Companion Savings account
  • No minimum balance required
  • No monthly service charge
  • Free Mobile Banking and Internet Banking with Bill Pay
  • Free eStatements and eNotice
  • Free Visa® debit card
  • Access to surcharge-free ATMs
* APY = Annual Percentage Yield.
Rate Information – 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.
Daily balance computation method – We use the daily balance method to calculate the interest on your account. This method applied a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of noncash 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 every month.
Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account – You must deposit $25.00 to open this account.