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Utah Bank Facts, Financials, News and Rates

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  • 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)

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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")