Make First Utah Bank your first choice for Personal Money Market accounts
First Utah Bank’s Personal Money Market Account is a great way to save while still having access to your money when you need it most! This account is designed for you if you’re looking for tiered rates in an FDIC-insured account.
Recommended if… |
You maintain larger account balances and are looking for full liquidity and a competitive, tiered interest rate on your account balances |
Minimum Opening Deposit |
$2,500 |
Transaction Limitations |
Limited to six withdrawals per month |
Is there a Monthly Service Fee? |
Maintain an average daily balance of $2,500 and we will waive the $15 monthly fee |
Minimum Balance Requirement? |
Yes, $2,500 to avoid a monthly service fee |
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 $2,500.00 is required.
Minimum balance to avoid imposition of fees: A monthly service charge fee of $15.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.
Account Fees: An excess withdrawal fee of $15 per transaction on qualifying transactions under Transaction Limitations.
Rate Information: See attached rate chart. The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers 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, check, 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.
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 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.
|
Recommended if… |
|
You maintain larger account balances and are looking for full liquidity and a competitive, tiered interest rate on your account balances |
|
Minimum Opening Deposit |
|
$2,500 |
|
Transaction Limitations |
|
Limited to six withdrawals per month |
|
Is there a Monthly Service Fee? |
|
Maintain an average daily balance of $2,500 and we will waive the $15 monthly fee |
|
Minimum Balance Requirement? |
|
Yes, $2,500 to avoid a monthly service fee |
|
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 $2,500.00 is required.
Minimum balance to avoid imposition of fees: A monthly service charge fee of $15.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.
Account Fees: An excess withdrawal fee of $15 per transaction on qualifying transactions under Transaction Limitations.
Rate Information: See attached rate chart. The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers 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, check, 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.
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 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.
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.”
