Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.03%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $50
Minimum Balance to Earn APY
N/A
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 fee of $3, but the fee may be waived if you keep a minimum balance of$200.
Zions Bank® Savings Account Pros & Cons
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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.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Combined Balance to Avoid Monthly Maintenance Fee | Starting at $200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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. 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.
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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.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 6:00AM
Tuesday
9:00AM - 6:00AM
Wednesday
9:00AM - 6:00AM
Thursday
9:00AM - 6:00AM
Friday
9:00AM - 6:00AM
Saturday
10:00AM - 2:00PM
Other Services by Zions Bancorporation
SuperMoney Net Recommendation Score
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Zions Bank® Savings Account Community Reviews
Would you recommend Zions Bank® Savings Account to your friends?
SW
Sophie W.
Jan 11, 2022
May or may not recommend
Savings has a very low interest rate - better to put your savings in a HYSA !!
Showing 1 of 1 reviews
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