Last Updated: 04/18/2025
Utah Power CU Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.55%(Verified 07/09/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
N/A
Utah Power CU Savings Account Review
Utah Power CU Savings Account is offered by Utah Power Credit Union, a credit union founded in 1935 and based in Murray, UT. Utah Power CU Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Higher than average APY. Utah Power CU Savings Account has an annual percentage yield of up to 0.55%, which is higher than the average interest rate for savings accounts.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $5.00 to open an account.
Utah Power CU Savings Account Pros & Cons
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Utah Power CU Savings Account FAQ
Are savings accounts from Utah Power Credit Union federally insured?
Yes, your savings accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
Does Utah Power Credit Union offer a signup bonus?
Utah Power CU Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Utah Power CU Savings Account?
The minimum deposit to open a Utah Power CU Savings Account is $5.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Utah Power CU Savings Account offer?
Utah Power CU Savings Account offers an APY of 0.55% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Utah Power CU Savings Account charge?
Utah Power CU Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $10.00 fee.
- Outgoing international bank transfers come with a $35.00 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- An overdraft on your account will trigger a $21.00 fee per item.
Does Utah Power CU Savings Account charge overdraft fees?
Yes, Utah Power CU Savings Account charges a $21.00 overdraft fee.What features and perks does Utah Power CU Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Utah Power CU Savings Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Utah Power CU Savings Account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Utah Power CU Savings Account?
The customer support email for Utah Power CU Savings Account is relationshipofficers@utahpowercu.org.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:30PM
Tuesday
9:00AM - 5:30PM
Wednesday
9:00AM - 5:30PM
Thursday
9:00AM - 5:30PM
Friday
9:00AM - 5:30PM
Saturday
Closed