The best savings rates for Draper, Utah and the surrounding area include Cyprus Federal Credit UnionCyprus Federal Credit Union183 E 13800 S, Draper, UT 84020A+5.0 ★Texas Ratio: 2.42% Dream Round Up Savings at 10.00% APY, Varo BankVaro Bank11781 S Lone Peak Pkwy, Draper, UT 84020A+5.0 ★Texas Ratio: 0.00% High-Yield Savings Account at 5.00% APY, Bread FinancialBread Financial12921 S Vista Station Blvd, Draper, UT 84020B4.4 ★Texas Ratio: 22.10% Retirement High-Yield Savings at 4.00% APY, Nelnet BankNelnet Bank13907 S Minuteman Dr, Draper, UT 84020A+5.0 ★Texas Ratio: 1.05% K-12 High-Yield Savings Accounts at 3.89% APY, and UTAH COMMUNITYUTAH COMMUNITY112 E 12300 S, DRAPER, UT 84020C3.8 ★Texas Ratio: 29.46% Money Market Savings at 3.55% APY. Savings rates as of March 25, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Draper, Utah, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Draper, Utah (UT) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Draper, Utah and the surrounding area. Last Updated and Verified: March 25, 2026
Qualifications Required: Receiving direct deposit(s) totaling $1,000 or more; Ending the month with a positive balance in all your Varo Accounts; Qualify to earn 5.00% Annual Percentage Yield (APY) on up to $5,000
Qualifying balance up to $1,000.00
Qualifying balance up to $5,000.00
Qualifying balance up to $5,000.00
2.50% APY on balances over $5,000
On balances above $25,000 and up to $50,000
On balances up to $25,000
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
Insured by NCUA. Effective as of 3/19/2026. There is no minimum deposit required to open a secondary savings account and balances above $0 will accrue dividends. Rates and terms are subject to change.
Insured by NCUA. Effective as of 3/19/2026. Minimum deposit required to open and maintain a primary savings account is $1. Balances of $100 or more will accrue dividends. Rates and terms are subject to change.
On remainder over $50,000
During the first 6 months after account opening, a promotional APY of 5.00% applies to that portion of the total account balance within the first tier, up to $2,499.99.
Loyalty Rate: 3.93%, Loyalty APY: 4.00%
Compare local Draper, UT savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Utah high-yield savings rates fell 2.964 points this week to 0.383% APY, down from 3.346% last week.
Utah standard savings rates rose 1.099 points this week to 1.199% APY, up from 0.100% last week.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Draper, Utah directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Draper, Utah. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in UT.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.