Utah Deal On Savings, CD Rates

Utah Power Credit Union members can amp up their earnings on both savings accounts and CD rates.

It pays 1.51% APY on its savings account — more than two-tenths of a percentage point better than the best nationally available deals — and also offers 6- and 12-month CD rates that beat what you’ll find on our CD Rates Leaderboard.

You only need to make a $5 deposit to open a savings account, which beats the top nationally available rate of 1.30% APY offered by UFB Direct (www.ufbdirect.com), a division of Bank of Internet USA, based in San Diego.

On its CD rates, Utah Power (www.utahpowercu.org) pays 1.25% APY on 6-month CDs and 1.50% APY for those with 12-month terms.

While you only have to make an initial deposit of at least $10, you must continue to deposit at least $10 a month throughout the term to earn those rates.

The 6-month certificate of deposit pays two-tenths of a percentage point better than the best nationally available deal, while the 12-month CD is nearly a quarter of a percentage point better.

You can join Utah Power Credit Union, based in Salt Lake City, if you are an employee or retiree of PacifiCorp, Union Pacific Railroad, Southern Pacific Railroad or Utah Railway Co., or your family member is. Outside of Salt Lake City, it has branches in Huntington, Ogden, Helper and Price, Utah.

Compare these offers to the best money market and savings account rates, and the best CD rates from scores of banks in our extensive database.