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Utah Bank Facts, Financials, News and Rates

  • About Utah:
    67 banks are headquartered in Utah. UT also hosts 585 bank branches within its borders.
  • Of the 50 states in the U.S., Utah ranks 11th for banking size. This rank is because all of the banks in UT have a combined asset size of $371 Billion.
  • The largest bank which makes its headquarters in Utah is Merrill Lynch Bank. Merrill Lynch Bank has 17.59 % of the state bank assets with a total asset size of $1,880 Billion. Escrow Bank, the smallest bank in Utah, has a total asset size of $2 Million.
  • Between the banks headquartered in Utah, there are a total of 67, 12,033 people are employed full-time.
  • When banks compete to give you great rates on CDs and High-Yield Savings accounts, you can get better than usual rates. The average APY in Utah for a 12 month bank CD is 0.45 %, while the overnight auction rate at MoneyAisle for a 12 month certificate of deposit was 1.80 %! Compare the live auction rates on MoneyAisle to the average rate offered in Utah now! Run a free live MoneyAisle auction!

Utah Banks - Fast Facts

  • Banks HQ in UT: 67
  • Number of UT Branches: 585
  • Average Branch Deposit Size: $383 Million
  • UT HQ Banks Employ : 12,033 full-time employees
  • UT HQ Banks Assets: $371 Billion
  • Biggest Bank HQ in UT (Assets): Merrill Lynch Bank
  • Smallest Bank HQ in UT (Assets): Escrow Bank
  • % of US Bank Assets: 2.73 %

Data from FDIC as of 3/31/2009

Banks Headquartered in Utah

(Largest Banks by Asset Size)

Banks with Branches in Utah

(Largest Banks by Asset Size)

Recent National Live Auction CD Rates
for March 18, 2010

Term National Avg APY* Overnight
Auction APY
High-Yield Savings Account Rates 0.20% 1.50%
3 Month CD Rates 0.29% 1.01%
9 Month CD Rates 0.69% 1.31%
1 Year CD Rates 0.69% 1.71%
2 Year CD Rates 1.16% 2.11%

More National CD Rates

Show me CD Rates offered to people from my state:

*Source: TheStreet.com

†Overnight Auction APY is a sample rate for a nightly auction for a $50,000 deposit.

* Annual Percentage Yield ("APY")