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Last Updated: 05/14/2026

Bank of Utah CD

from Bank of Utah

Last Updated: 05/14/2026
Bank of Utah logo
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Highlights

APY (Annual Percentage Yield)

3.55%(Verified 01/23/2026)

Minimum Opening Deposit

Starting at $1

Certificate Term

  • 3 months
  • 6 months
  • 12 months
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Bank of Utah CD Review

Bank of Utah CD are offered by Bank of Utah, a bank founded in 1952 and based in Ogden, UT. Bank of Utah CD are available in 50 states,Puerto Rico, and Washington, DC.

Key Takeaways

  • Only one CD type available. Bank of Utah CD only offers traditional CD accounts.
  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 3.55%, which is much higher than the national average for a CD account.
  • Small minimum initial deposit. You only need $1 to open an account.
  • Limited selection of CD terms. Bank of Utah CD only offers three CD terms. This limits your options when trying to set up a CD ladder.

Pros & Cons of Bank of Utah CD

Bank of Utah CD FAQ

Are CD from Bank of Utah federally insured?

No, your Bank of Utah CD accounts are not insured by a federal insurance agency. This means that if Bank of Utah were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.

What types of CDs does Bank of Utah offer?

Bank of Utah CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.

What rates does Bank of Utah offer on its CDs?

The CD rates for this account have an APY of3.55% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1.6% APY for 12-month CDs.

What terms does Bank of Utah CD offer?

Bank of Utah offers CD terms of the following lengths:

What is the minimum deposit to open a CD account with Bank of Utah?

Bank of Utah CD require a minimum deposit of $1 to open an account.

What is the grace period for Bank of Utah CD?

Bank of Utah CD does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Bank of Utah charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
Bank of Utah charges an early withdrawal fee.
Bank of Utah does charge any of the fees we track.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

2605 Washington Blvd
Ogden, UT 84401
Visit Site

Other Services by Bank of Utah

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