Zions Bank® Savings Account

Zions Bank® Savings Account Review

Zions Bank® Savings Account is offered by Zions Bancorporation, a bank founded in 1873 and based in Salt Lake City, UT. Zions Bank® Savings Account are available in 50 states (and Washington, DC).

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.03%.
• Charges a monthly fee. This account charges a monthly service fee of $3, but the fee is waived if you keep a minimum balance of $200, have a monthly direct deposit of $25, or $200 combined balance accross eligible accounts.

Zions Bank® Savings Account Pros & Cons

Pros	Cons
Available in all 50 states. Interest-yielding account.	Does not offer mobile check deposits. Does not provide access to a nationwide ATM network. Does not come with a debit card Higher than average wire transfer fees. Monthly service charge (if minimums are not met). No signup bonus.

Zions Bank® Savings Account FAQ

Are savings accounts from Zions Bancorporation federally insured?

Yes, your Zions Bancorporation savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Zions Bancorporation offer a signup bonus?

Zions Bank® Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Zions Bank® Savings Account?

The minimum deposit to open a Zions Bank® Savings Account is $50.

Zions Bank® Savings Account Minimums

Description
Minimum Balance to Avoid Monthly Fee	Starting at $200
Minimum Combined Balance to Avoid Monthly Fee	$200
Minimum Direct Deposit to Avoid Monthly Fee	Starting at $25
Minimum Opening Deposit	Starting at $50

What APY does Zions Bank® Savings Account offer?

Zions Bank® Savings Account offers an APY of 0.03% (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 Zions Bank® Savings Account charge?

This account charges a monthly service fee of $3. However, you can waive the monthly fees if you have a minimum daily balance of $200. Avoid the monthly fees by setting up a direct deposit of at least $25.You can also waive the fee by keeping a combined balance of $200.

• Outgoing domestic bank transfers come with a $25 fee.
• Incoming domestic bank transfers come with a $15 fee.
• Outgoing international bank transfers come with a $41 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Incoming international bank transfers come with a $18 fee.
• Zions Bank® Savings Account charges a $10 fee for an early account closure. Contact Zions Bank® Savings Account for more details on what is considered an early closure.
• Zions Bank® Savings Account charges $5 every time you request a paper statement.

Can you set up a direct deposit to Zions Bank® 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 Zions Bank® Savings Account?

The customer support email for Zions Bank® Savings Account is james.abbott@zionsbancorp.com.