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Utah Savings Rate Trends

Salt Lake City, Utah (UT) Savings Rates - March 2026

The best savings rates for Salt Lake City, Utah and the surrounding area include Cyprus Federal Credit UnionCyprus Federal Credit Union5750 S Redwood Rd, Salt Lake City, UT 84123 5356A+5.0 ★Texas Ratio: 2.42% Dream Round Up Savings at 10.00% APY, Granite Federal Credit UnionGranite Federal Credit Union3675 S 900 E, Salt Lake City, UT 84106A+5.0 ★Texas Ratio: 2.83% YoungInvestor Savings at 5.00% APY, Chartway Credit UnionChartway Credit Union2210 S State St, Salt Lake City, UT 84115A+5.0 ★Texas Ratio: 1.26% Smart Steps Savings at 4.50% APY, Pitney Bowes BankPitney Bowes Bank215 S State St, Salt Lake City, UT 84111A+5.0 ★Texas Ratio: 3.80% Business Savings Account at 4.25% APY, and Sallie MaeSallie Mae175 S West Temple, Salt Lake City, UT 84101A5.0 ★Texas Ratio: 7.81% High-Yield Savings Account at 3.75% APY. Savings rates as of March 28, 2026 according to verified data from MonitorBankRates.

To see how these savings rates in Salt Lake City, 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 Salt Lake City, Utah (UT) are continually updated — we recommend checking back frequently.

Savings rates reflect recent market quotes and representative offers available to depositors in Salt Lake City, Utah and the surrounding area. Last Updated and Verified: March 28, 2026

Compare the Best Savings Rates in Salt Lake City, Utah & Surrounding Communities

Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Cyprus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.42%
5750 S Redwood Rd, Salt Lake City, UT 84123 5356
Dream Round Up Savings
10.00%
$0
Rate9.57%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Cyprus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.42%
5750 S Redwood Rd, Salt Lake City, UT 84123 5356
Teen Learn & Earn Savings
5.00%
$0
Rate4.89%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Qualifying balance up to $1,000.00

Granite Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.83%
3675 S 900 E, Salt Lake City, UT 84106
YoungInvestor Savings
5.00%
$0
Rate4.89%
Min Deposit$0
Min Balance
UpdatedMar 26, 2026
Details

Granite Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.83%
3675 S 900 E, Salt Lake City, UT 84106
Tier 1 YoungInvestor Savings
5.00%
$0
Rate4.89%
Min Deposit$0
Min Balance
UpdatedMar 26, 2026
Details

Qualifying balance up to $2,000

Chartway Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
2210 S State St, Salt Lake City, UT 84115
Smart Steps Savings
4.50%
$0
Rate4.41%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

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.

Pitney Bowes Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.80%
215 S State St, Salt Lake City, UT 84111
Business Savings Account
4.25%
$0
Rate4.25%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

Standard Rate*

Granite Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.83%
3675 S 900 E, Salt Lake City, UT 84106
Tier 2 YoungInvestor Savings
4.00%
$0
Rate3.93%
Min Deposit$0
Min Balance
UpdatedMar 26, 2026
Details

Sallie Mae
Institution Rating:
A5.0 ★Texas Ratio: 7.81%
175 S West Temple, Salt Lake City, UT 84101
High-Yield Savings Account
3.75%
$0
Rate3.68%
Min Deposit$0
Min Balance
UpdatedMar 28, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Money Market Savings
3.55%
$0
Rate3.49%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Share Savings Account
3.55%
$0
Rate3.50%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Deseret First Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.12%
50 E South Temple, Salt Lake City, UT 84111 1010
Mission Savings Fund
3.50%
$0
Rate3.45%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Loyalty Rate: 3.93%, Loyalty APY: 4.00%

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Share Savings Account
3.30%
$0
Rate3.25%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Money Market Savings
3.30%
$0
Rate3.25%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Granite Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.83%
3675 S 900 E, Salt Lake City, UT 84106
Tier 3 YoungInvestor Savings
3.00%
$0
Rate2.96%
Min Deposit$0
Min Balance
UpdatedMar 26, 2026
Details

P&S Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.13%
2250 S Redwood Rd Ste 6, Salt Lake City, UT 84119 1356
Apprentice Tuition Savings
2.50%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Chartway Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
2210 S State St, Salt Lake City, UT 84115
Bonus Savings
2.50%
$0
Rate2.50%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Bonus Savings account promotional rate of 2.50% APY is effective as of 1/31/24. Dividends are paid quarterly. Rate is subject to change. Annual Percentage Yield (APY). Bonus Savings account is available for new and existing members of Chartway Credit Union. To qualify for the offer, Bonus Savings account must be funded completely with new money. New money is defined as funds not currently on deposit with Chartway Credit Union. Funds transferred from IRA accounts are not eligible for this product. Fees could reduce earnings on the account (applies only to maintenance or activity fees). Chartway senior leadership positions (Vice President and above), Board of Directors, and volunteers are not eligible for this product.

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Share Savings Account
2.50%
$0
Rate2.47%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Money Market Savings
2.50%
$0
Rate2.47%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

First Utah Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.12%
3826 S 2300 E, Salt Lake City, UT 84109
Business Money Market and Savings
2.47%
$2,500
Rate2.45%
Min Deposit$2,500
Min Balance
UpdatedMar 26, 2026
Details

First Utah Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.12%
3826 S 2300 E, Salt Lake City, UT 84109
Business Money Market and Savings
2.22%
$2,500
Rate2.20%
Min Deposit$2,500
Min Balance
UpdatedMar 26, 2026
Details

First Utah Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.12%
3826 S 2300 E, Salt Lake City, UT 84109
Personal Money Market and Savings
2.07%
$2,500
Rate2.05%
Min Deposit$2,500
Min Balance
UpdatedMar 26, 2026
Details

First Utah Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.12%
3826 S 2300 E, Salt Lake City, UT 84109
Business Money Market and Savings
2.07%
$2,500
Rate2.05%
Min Deposit$2,500
Min Balance
UpdatedMar 26, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Money Market Savings
2.00%
$0
Rate1.98%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Share Savings Account
2.00%
$0
Rate1.98%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Cyprus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.42%
5750 S Redwood Rd, Salt Lake City, UT 84123 5356
IRA Shares
2.00%
$0
Rate1.98%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

EPB Employees Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.81%
4897 W Lake Park Blvd, Salt Lake City, UT 84120 8205
IRA Savings
2.00%
$0
Rate2.00%
Min Deposit$0
Min Balance
UpdatedMar 26, 2026
Details

Delta Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.57%
3920 W Terminal Dr, Salt Lake City, UT 84116
Individual Retirement Accounts/Coverdell Educational Savings Accounts
2.00%
$0
Rate1.98%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Cyprus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.42%
5750 S Redwood Rd, Salt Lake City, UT 84123 5356
IRA Shares
1.55%
$0
Rate1.54%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Share Savings Account
1.50%
$0
Rate1.49%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Money Market Savings
1.50%
$0
Rate1.49%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Chartway Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
2210 S State St, Salt Lake City, UT 84115
Smart Steps Savings
1.25%
$0
Rate1.24%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Delta Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.57%
3920 W Terminal Dr, Salt Lake City, UT 84116
Individual Retirement Accounts/Coverdell Educational Savings Accounts
1.25%
$0
Rate1.24%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

First Utah Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.12%
3826 S 2300 E, Salt Lake City, UT 84109
Companion Savings
1.07%
$0
Rate1.06%
Min Deposit$0
Min Balance
UpdatedMar 26, 2026
Details

Cyprus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.42%
5750 S Redwood Rd, Salt Lake City, UT 84123 5356
IRA Shares
1.00%
$0
Rate0.99%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Share Savings Account
1.00%
$0
Rate1.00%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Money Market Savings
1.00%
$0
Rate1.00%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Square Financial Services, Inc.
Institution Rating:
A+5.0 ★Texas Ratio: 0.21%
3165 E Millrock Dr, Salt Lake City, UT 84121
Savings
1.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 28, 2026
Details

per folder on folder balances over $10

Cyprus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.42%
5750 S Redwood Rd, Salt Lake City, UT 84123 5356
IRA Shares
0.90%
$0
Rate0.90%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Money Market Savings
0.85%
$0
Rate0.85%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Delta Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.57%
3920 W Terminal Dr, Salt Lake City, UT 84116
Individual Retirement Accounts/Coverdell Educational Savings Accounts
0.85%
$0
Rate0.85%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Share Savings Account
0.85%
$0
Rate0.85%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Delta Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.57%
3920 W Terminal Dr, Salt Lake City, UT 84116
Individual Retirement Accounts/Coverdell Educational Savings Accounts
0.75%
$0
Rate0.75%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Delta Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.57%
3920 W Terminal Dr, Salt Lake City, UT 84116
Health Savings Accounts
0.75%
$0
Rate0.75%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Utah First Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
200 E South Temple, Salt Lake City, UT 84111
IRA Share
0.75%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Chartway Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
2210 S State St, Salt Lake City, UT 84115
Smart Steps Savings
0.75%
$0
Rate0.75%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Delta Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.57%
3920 W Terminal Dr, Salt Lake City, UT 84116
Health Savings Accounts
0.60%
$0
Rate0.60%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Delta Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.57%
3920 W Terminal Dr, Salt Lake City, UT 84116
Individual Retirement Accounts/Coverdell Educational Savings Accounts
0.60%
$0
Rate0.60%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Utah Power Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1407 W North Temple Ste 120C, Salt Lake City, UT 84116
Regular Shares
0.55%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

*The Board of Directors has declared a dividend on earnings for the fourth quarter of 2024 payable January 1, 2025. Fees may reduce earnings.

First Utah Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.12%
3826 S 2300 E, Salt Lake City, UT 84109
Business Money Market and Savings
0.50%
$2,500
Rate0.50%
Min Deposit$2,500
Min Balance
UpdatedMar 26, 2026
Details

First Utah Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.12%
3826 S 2300 E, Salt Lake City, UT 84109
Personal Money Market and Savings
0.50%
$2,500
Rate0.50%
Min Deposit$2,500
Min Balance
UpdatedMar 26, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Money Market Savings
0.50%
$0
Rate0.50%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
39 W 2100 S, Salt Lake City, UT 84115
Share Savings Account
0.50%
$0
Rate0.50%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

American United Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.60%
500 Foothill Dr, Salt Lake City, UT 84148 0001
Retirement (IRA) Savings
0.50%
$0
Rate0.50%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Delta Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.57%
3920 W Terminal Dr, Salt Lake City, UT 84116
Health Savings Accounts
0.40%
$0
Rate0.40%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Delta Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.57%
3920 W Terminal Dr, Salt Lake City, UT 84116
Individual Retirement Accounts/Coverdell Educational Savings Accounts
0.40%
$0
Rate0.40%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Delta Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.57%
3920 W Terminal Dr, Salt Lake City, UT 84116
Business Savings Accounts
0.35%
$0
Rate0.35%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Bank of Utah
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
2309 S Redwood Rd, Salt Lake City, UT 84119
Health Savings Account
0.32%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

WebBank
Institution Rating:
A-4.9 ★Texas Ratio: 15.98%
215 S State St, Salt Lake City, UT 84111
Savings
0.25%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

*

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice.

Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.

Salt Lake City, UT Savings Rate Trends

Compare local Salt Lake City, 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.

View Full Utah Savings Trends →
High-Yield Savings — UT Avg
0.382%
▼ 0.881 from last week

Utah high-yield savings rates fell 0.881 points this week to 0.382% APY, down from 1.264% last week.

Standard Savings — UT Avg
1.304%
▲ 0.811 from last week

Utah standard savings rates rose 0.811 points this week to 1.304% APY, up from 0.493% last week.

As of Mar 29, 2026 • Rate data sourced from 8,500+ monitored institutions Powered by MonitorBankRates

Methodology & Data Sources

Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Salt Lake City, 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 Salt Lake City, 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.

Frequently Asked Questions about Savings Accounts in Salt Lake City, Utah

What is a High-Yield Savings Account (HYSA)?

A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Utah, help your money grow faster through a higher APY.

Are savings accounts in Salt Lake City, Utah safe?

Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Utah up to $250,000 per depositor, per institution.

How often do savings rates change in Salt Lake City, Utah?

Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Utah rate tables daily to ensure you see the most current high-yield options.

Do I need a minimum deposit to open a savings account?

It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Salt Lake City, Utah may require $25–$100 to open an account.

What is the difference between a Savings Account and a Money Market Account?

Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.

Are online banks better than local banks in Salt Lake City, Utah?

Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Salt Lake City, Utah offer in-person customer service, which some customers prefer.

How do I open a savings account in Salt Lake City, Utah?

You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.

Best Savings Rates in Salt Lake City, Utah

Here are recent savings rates observed in Salt Lake City, Utah and the surrounding area:
  • Cyprus Federal Credit Union
    Dream Round Up Savings — 10.00% APY
  • Granite Federal Credit Union
    YoungInvestor Savings — 5.00% APY
  • Chartway Credit Union
    Smart Steps Savings — 4.50% APY
  • Pitney Bowes Bank
    Business Savings Account — 4.25% APY
  • Sallie Mae
    High-Yield Savings Account — 3.75% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Salt Lake City, Utah. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 28, 2026