To secure the rate, depositors must maintain a minimum balance of $2,000. Once the 22-month term concludes, the certificate will automatically transition into a standard 12-month term at the prevailing market rate. CEO Darin B. Moody framed the initiative as a strategic move to help local families lock in meaningful growth on their capital.
In section Releases
Utah First Credit Union Launches State-Leading 4.68% APY Certificate
Utah First Credit Union has unveiled a 4.68% annual percentage yield on a 22-month certificate, marking the highest rate currently available from any financial institution in Utah. The limited-time offer aims to provide members with a secure way to maximize their savings throughout the nearly two-year term.
Interested individuals can initiate the process online or at any physical branch across the state. The accounts are backed by federal insurance through the National Credit Union Administration for up to $250,000. As with most fixed-term financial products, early withdrawals remain subject to potential penalties.
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