bank rates

5.23% APY Zions Deseret Money Market Account

Zions Bank Deseret MMA pays 5.07% APY on balances below $1000 and 5.23% APY on balances over $50,000.

Zions Bank has its headquarters in Salt Lake City, Utah and is a subsidiary of ZionsBank Corporation. Headed up by A. Scott Anderson, the President and Chief Executive Officer and Harris H. Simmons, the Chairman of the Board, Zions Bank is a subsidiary of a corporation that currently has over 450 banking offices located in ten different states, all of them offering full banking services. The physical branches of the Corporation are situated in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Utah, Texas and Washington. Zions Bank offers commercial and residential loans, insurance options, international banking services, Internet banking options, transfer services, and checking account and savings account options.

Zion’s Savings Bank is Utah’s first chartered savings bank, established in 1873. Zion Bank made it through the depression in the late 20s and as emerged as one of the top financial institutions in the nation. In 1957, the merging of Zion’s Savings Bank and Trust Company, Utah Savings and Trust, and First National Bank of Salt Lake City resulted in what is now known as Zions First National Bank. Later, in 1960 the Church of Jesus Christ of Latter-day Saints sold the majority of its interest in Zions to the Keystone Insurance and Investment Company. In 1965, after being incorporated in Nevada, the name of the corporation was then adapted and changed to Bancorporation.

As of 2006, Bancorporation had more than 47 billion dollars in assets and, in addition to the Zions Bank, held other subsidiaries that include the Amegy Bank of Texas, the
California Bank & Trust, the National Bank of Arizona, the Nevada State Bank, The Commerce Bank of Oregon, The Commerce Bank of Washington and Vectra Bank in Colorado.

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Comments (1)
1 Star2 Stars3 Stars4 Stars5 Stars (2 votes, average: 5.00 out of 5)
One Existing Comment
  1. Loose Change said:
    on December 10th at 08:18 pm

    Zions Bank recently changed my M.M. Account to a Deseret M.M.that pays a bit higher interest. Good bank to do business with as they are all very friendly.