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Best Savings Accounts in Utah of October 2022

Victoria Daniel

If you are looking for savings accounts in Utah, there is a wide range of options available. Shop around and compare various savings accounts and choose one that is best suited for your financial needs.

If you are considering a high-yield savings account, choose one with high-interest rates and low account fees. High account fees, such as monthly and transaction fees, reduce the value of your net earnings. Look for an account in institutions that don’t charge monthly fees or waive them if you meet a minimum balance requirement.

Other factors to consider are the features that will make your savings journey much easier. For example, an account that allows automatic transfers from your savings account. Also, accounts that provide ease of access through mobile, online, and ATM options.

WalletBrain has reviewed some of the best savings accounts in Utah. We mainly looked at the interest rates, fees, and minimum requirements. We also considered other features, including the ease of access and safety.

Use our guide to find the most suitable match for you today.

FDIC insured with check writing capabilities

$0

Min. To Earn APY

3.01%

Est. APY

Overview

UFB Direct Rewards Savings comes with check-writing capabilities and a free ATM card with a national network of fee-free ATMs.

What we like

  • Competitive interest rates
  • No minimum deposit
  • No recurring maintenance fees
  • Nationwide fee-free ATMs
  • Check writing capabilities
  • FDIC insured

What we don't

  • No physical branches
  • Account options are limited

Online banking with no monthly fees

$0

Min. To Earn APY

2.70%

Est. APY

Overview

This savings account is unique where you need to deposit $100 a month to get the highest APY. If you don't deposit $100+ a month, then you need to maintain $25,000 in the account. If you don't do either, you won't receive the higher end APY.

What we like

  • No monthly fees
  • FDIC Insured
  • No minimum balance fees
  • Online banking

What we don't

  • Minimum opening deposit
  • No ATM access
  • Tiered APY

Track your savings through online banking or the mobile app

$0

Min. To Earn APY

2.15%

Est. APY

Overview

Quontic Bank high yield savings account provides you with the opportunity to accrue interest at a rate 15x higher than the national average. Interest compounds daily and is paid into your account every month.

What we like

  • Mobile and online banking
  • Competitive interest rate
  • No monthly service fees
  • Interest compounded daily

What we don't

  • Limited access to physical branches
  • No sign up bonus
  • $100 minimum deposit requirement

No monthly, minimum, and overdraft fees

$0

Min. To Earn APY

0.61%

Est. APY

Overview

This savings account will provide a flat APY regardless of your balance, and you won't worry about monthly fees. A great perk with this account is you can request a free ATM card.

What we like

  • No monthly fees
  • Interest compounded daily
  • Free ATM card

What we don't

  • No physical branch
  • No sign up bonus

Provides access to money management tools

$0

Min. To Earn APY

0.03%

Est. APY

Overview

First Citizen Bank savings account is an online account that charges no monthly fees, but you need to make a minimum deposit of $50 to open this account.

What we like

  • Mobile and online banking
  • Money management tools
  • No monthly service fees
  • ATM card available
  • FDIC Insured

What we don't

  • Limited no-fee withdrawals
  • High wire transfer fee