Zions Bank Internet Savings Account Review

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Zions Bank, headquartered in Salt Lake City, Utah, is a bank with more than 100 years of history. Founded in 1873, Zions Bank currently operates 125 retail offices in Utah and Idaho and has been a member of FDIC since January 1, 1934.

In addition to doing business through local offices, Zions Bank also offers customer web only banking products, from savings, to checking, to money market accounts, all with very competitive rates. Among them, the Zions Bank Interest Savings Account is a solid choice for savers who are looking for good returns for their money in such a low interest rate environment, which could remain so for a long time, making the Zions Bank Savings Account even more appealing.

The Internet Savings Account currently has an yield of 1.11% APY, on a balance of $1,000 or more. That’s more than you would get from other popular online only banks, such as ING Direct or Ally Bank, even though the minimum balance requirement is slightly higher. However, to just open an Internet Savings Account, you only need to put down $100 initial deposit. With the Savings Account, you also get free online banking with no monthly fee. And of course, your deposit with Zions Bank is insured up to the maximum allowed by the law

If you are looking for a savings account with good interest rate, low balance and low fee,  make sure you check out the Zions Bank Interest Savings Account.

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