Zions Bank Review 2024
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At a glance
CDs
Checking
Savings
MMA
About Bankrate Score
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
- No Monthly Fees
- Highly Rated App
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
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
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Accounts have no or low monthly fees.
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Many types of products are offered, including 10 CD terms and a checking account for military members.
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Account holders have access to helpful mobile and online banking tools.
Cons
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Rates aren’t competitive.
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Fee-free ATM access is limited to Idaho, Utah and Wyoming.
Zions Bank banking products
Zions Bank savings overview
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
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Only $50 is needed to open the account.
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The $3 monthly fee is low, and there are straightforward ways to waive it.
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Savers can set up automatic transfers from a linked checking account.
Cons
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Rates are below average, even on the highest-paying tier.
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Withdrawals are limited to six per month; each additional withdrawal above that threshold costs $5.
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See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Zions BankAPYAPYNational average APYHow do we get this data?
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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
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.
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