Zions Bank Review
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At a glance
Overview
Zions Bank is best for those 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 FeesHighlights:
CDs
Checking
Savings
MMA
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
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 = 4.7/5
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 = 4.4/5
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 = 4.6/5
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 which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
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 11 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 11 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
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.
Zions Bank CD overview
Pros
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A wide selection of terms are offered.
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Rates are above the national average.
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The minimum deposit requirement of $1,000 is standard
Cons
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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 money market overview
Pros
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There’s no monthly maintenance fee.
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Paper statements are free.
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Account holders get checks and an ATM card.
Cons
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You need at least $1,000 to earn interest.
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Withdrawals in excess of six per month cost $15 each.
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Higher rates are available elsewhere.
Zions Bank checking overview
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Overdraft fees:Average3/5Charges applied when a customer spends more money than is available in their account, resulting in a negative balance.NSF fees:Great5/5Non-sufficient funds fees are incurred when a transaction is attempted without enough money in the account to cover it.APY offering:0.00%0/5APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.ATM network:N/A1/5Accessibility to ATMs for account holders within a specific network or financial institution, facilitating cash withdrawals and transactions.
Pros
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There’s no monthly fee.
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The $50 minimum opening deposit is reasonable.
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Account holders have access to a range of digital features.
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There’s no overdraft fee if the account is overdrawn by $30 or less.
Cons
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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.
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The bank’s ATM network is limited to Utah, Idaho and Wyoming.
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There’s a $2.50 fee per out-of-network ATM transaction or inquiry.
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 |
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.
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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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