At a glance

Overview

Zions Bank is best for consumers based in Utah, Idaho or Wyoming who want to avoid paying high account fees and enjoy access to comprehensive digital banking tools.

Highlights:

Highly Rated App No Monthly Fees

Highlights:

Highly Rated App No Monthly Fees

3.7

Bankrate Score

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

CDs

3.6 /5

Checking

4.0 /5

Savings

2.9 /5

MMA

3.2 /5

Overall

Zions Bank operates in Utah, Idaho and Wyoming, with online and mobile banking options as well. Its banking products include 10 CD terms, several savings accounts, money market accounts and checking accounts. Most accounts have no monthly fee, or offer ways that the monthly fee can be waived. However, rates overall are mediocre.

The bank’s ATM network is limited to Utah, Idaho and Wyoming. Otherwise, customers have to pay $2.50 per transaction to access their cash.

Pros

Accounts have no or low monthly fees.
Many types of products are offered, including 10 CD terms and a checking account for military members.
Account holders have access to helpful mobile and online banking tools.

Cons

Rates aren’t competitive.
Fee-free ATM access is limited to Idaho, Utah and Wyoming.

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Zions Bank banking products

2.9

Bankrate Score

Compare top savings rates

FEATURES

Zions Bank savings overview

With a Zions Bank savings account, customers earn a tiered rate based on their account balance. The highest rate requires $100,000 or more to earn, but even the highest rate is well below the national average.

Still, customers can earn an APY on all balances, and they only need $50 to open the savings account. There’s a $3 monthly maintenance fee, but this can be waived by doing one of the following: maintain a daily balance of at least $200, or make a transfer of at least $25 from a linked Zions checking account into the savings account every month. Account holders can make up to six free withdrawals from the account per month, after which there’s a $5 fee for each withdrawal.

Pros

Only $50 is needed to open the account.
The $3 monthly fee is low, and there are straightforward ways to waive it.
Savers can set up automatic transfers from a linked checking account.

Cons

Rates are below average, even on the highest-paying tier.
Withdrawals are limited to six per month; each additional withdrawal above that threshold costs $5.

Rate history for Zions Bank's Savings account

Zions Bank

APY

APY last updated between 2/15 and 2/21.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

Zions Bank

APY

APY last updated between 2/15 and 2/21.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

3.6

/5

See methodology Compare CD rates

SCORE BREAKDOWN

APY offering:

2.69%

3/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less.

Minimum deposit:

$1,000.00

4/5

The minimum deposit amount a financial institution requires in order to open a CD.

Range of term lengths:

3 mos – 5 yrs

4/5

A designated amount of time that funds must be held within a CD.

Early withdrawal penalty:

Good

4/5

A penalty incurred when funds have been withdrawn from a CD before its maturity date.

Offer no-penalty or bump-up CDs:

No

0/5

A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date.

Offer IRA CDs:

Yes

5/5

An IRA account which consists of CDs that typically earns fixed interest over a specified period of time.

FEATURES

2.28% – 2.69% APY

APY last updated between 2/15and 2/21.

$1,000 minimum balance for APY

$1,000 minimum deposit to open

3 months – 5 years

Zions Bank CD overview

Zions Bank offers 10 CD terms ranging from one month to five years. You need at least $1,000 to open any of the CDs. Each term comes with two options: one for balances between $1,000 and $99,999, and another for balances of $100,000 or more.

While rates are above average, they’re not the most competitive. At the time of this review, there’s two very competitive, promotional rates offered on the bank’s six-year and one-year CD.

Pros

A wide selection of terms are offered.
Rates are above the national average.
The minimum deposit requirement of $1,000 is standard

Cons

Some banks pay higher rates on CDs.

Rate history for Zions Bank's CD accounts

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Zions Bank

APY

APY last updated between 2/15 and 2/21.

National average APY

Term length

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Zions Bank

APY

APY last updated between 2/15 and 2/21.

National average APY

Term length

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

3.2

/5

See methodology Compare MMA rates

SCORE BREAKDOWN

APY offering:

0.40%

2/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.

Minimum balance for APY:

$1,000.00

4/5

The lowest balance an account must maintain in order to earn interest.

Monthly service fee:

$0.00

5/5

A monthly charge a financial institution deducts from an account if certain requirements are not met.

Minimum balance to avoid fee:

$1,000.00

4/5

The lowest amount an account must maintain in order to avoid a fee.

Check writing:

No

3/5

The ability to write a certain amount of checks within a statement cycle.

Debit/ATM access:

Good

4/5

The ability to withdraw funds from an account through the use of debit or ATM card.

Zions Bank money market overview

Zions Bank’s Online Money Market account requires $500 to open, though you’ll need at least $1,000 in the account to earn interest. Interest rates are tiered by balance, with the highest rate available on balances of at least $1 million. While APYs are higher than those offered on the bank’s savings account, they’re not as competitive as other MMAs on the market.

The Online Money Market account has no monthly maintenance fee. There’s also no fee for receiving paper statements. The account comes with checks and an ATM card, though you’re limited to six free withdrawals per month. After that, it costs $15 per withdrawal.

Pros

There’s no monthly maintenance fee.
Paper statements are free.
Account holders get checks and an ATM card.

Cons

You need at least $1,000 to earn interest.
Withdrawals in excess of six per month cost $15 each.
Higher rates are available elsewhere.

4.0

/5

See methodology Compare checking rates

SCORE BREAKDOWN

Monthly service fee:

$0.00

5/5

A monthly charge a financial institution deducts from an account if certain requirements are not met.

Minimum balance to avoid fee:

$0.00

5/5

The lowest balance an account must maintain in order to avoid a fee.

Minimum deposit:

$50.00

4/5

The minimum deposit amount a financial institution requires in order to open a checking account.

Fee to use out-of-network ATM:

Average

3/5

A charge incurred when withdrawing funds from an ATM that is not in the bank's network.

Peer-to-peer payments:

Great

5/5

The ability to transfer funds directly between individuals using a digital platform or service.

Early direct deposit:

Average

3/5

The option to receive your paycheck or funds in your account before the official payment date.

Overdraft fees:

Average

Rating: 3 stars out of 5

3/5

Charges applied when a customer spends more money than is available in their account, resulting in a negative balance.

NSF fees:

Great

Rating: 5 stars out of 5

5/5

Non-sufficient funds fees are incurred when a transaction is attempted without enough money in the account to cover it.

APY offering:

0.00%

Rating: 0 stars out of 5

0/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.

ATM network:

N/A

Rating: 1 stars out of 5

1/5

Accessibility to ATMs for account holders within a specific network or financial institution, facilitating cash withdrawals and transactions.

Zions Bank checking overview

Zions Bank offers a few checking account options, including one account for military members. For this review, though, the standard Anytime Checking account was scored. It requires $50 to open and charges no monthly fee. There’s a $3 fee for receiving paper statements, but customers can opt out of paper statements.

The overdraft/NSF fee is $29 per transaction. However, overdrafts of $30 or less don’t incur a fee. Customers can also link another deposit account to serve as a backup for overdrafts, in which case money will be transferred from the linked account to cover the transaction. But this service still costs $10 per transfer.

The account comes with helpful digital banking tools, including automated transfers, online or mobile bill pay and the peer-to-peer payment service Zelle. However, the bank’s ATM presence is limited to Idaho, Utah and Wyoming, so customers will have to pay a $2.50 fee for ATM transactions or inquiries made elsewhere.

Pros

There’s no monthly fee.
The $50 minimum opening deposit is reasonable.
Account holders have access to a range of digital features.
There’s no overdraft fee if the account is overdrawn by $30 or less.

Cons

For using the overdraft transfer service to cover transactions, there’s a $10 fee per transaction — many institutions don’t charge a fee for this type of service.
The bank’s ATM network is limited to Utah, Idaho and Wyoming.
There’s a $2.50 fee per out-of-network ATM transaction or inquiry.

Compare Offer

Bank fees

Fee	Charged?
Overdraft fee	$29
Non-sufficient funds fee	None
Monthly maintenance fees	$0 - $10
Out-of-network ATM fee	$2.50
Excessive transaction fee	$5 – $15

About Zions Bank

Zions Bank, headquartered in Salt Lake City, Utah, was founded in 1873 as Utah’s first chartered savings bank. A division of Zions Bancorporation, it has over 100 branches in Utah, Idaho and Wyoming, as well as over 200 ATMs in the region. The bank offers traditional banking products, plus credit cards, mortgages and investment services through both brick-and-mortar and online banking.

Customer experience

Customer service. Customers can call Zions Bank’s phone service line from 6 a.m. to 9 p.m. MT, Monday through Saturday. The bank also offers 24/7 automated over-the-phone assistance.

Digital experience. Many digital banking tools are available, including Zelle, online wire transfers, online bill pay and Direct Connect, which connects your account information to Quicken or QuickBooks. The bank’s mobile app has positive reviews on the Apple store and Google Play.

Extra perks. The bank provides its customers with unique offers and discounts, including regular discounts on tickets to Broadway shows. It also hosts a community speaker series, which is free for customers to attend.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Zions Bank APY APY last updated between 2/15 and 2/21. APY last updated between 2/15 and 2/21	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
02/06/2025	2.28%	1.54%
01/07/2025	2.28%	1.43%
11/19/2024	2.28%	1.42%
10/01/2024	2.38%	1.42%
09/03/2024	2.53%	1.43%
08/06/2024	2.53%	1.44%
07/02/2024	2.53%	1.42%
06/04/2024	2.53%	1.43%
04/02/2024	2.53%	1.42%
03/12/2024	2.53%	1.43%
02/27/2024	3.05%	1.41%

Zions Bank Review

The Bankrate promise

At a glance

Overview

Highlights:

Highlights:

Overall

Pros

Cons

We want to know what you think about Zions Bank

Zions Bank banking products

Zions Bank savings overview

Pros

Cons

Rate history for Zions Bank's Savings account

Zions Bank CD overview

Pros

Cons

Rate history for Zions Bank's CD accounts

Zions Bank money market overview

Pros

Cons

Additional details and scores

Zions Bank checking overview

Pros

Cons

Bank fees

About Zions Bank

Customer experience

Review methodology

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