Zions Bank Premium Interest Checking® Account

You need to be at least 18 years old, and provide your:

• name,
• home address,
• email address,
• date of birth,
• Social Security number,
• phone number,
• name of employer,
• occupation, and
• account information for a deposit - you will need to make an initial $50 deposit to open the  Premium Interest Checking® account.

You can make the initial $50 deposit by transferring money electronically from a Zions Bank or another bank's account. You can also write a check or complete a wire transfer using some alternative way of payment.

A combined deposit balance incudes the total amount of money you may have across different consumer accounts with Zions Bank. These accounts include checking, savings, money market, certificates of deposit (CD), and individual retirement accounts (IRAs).

A combined deposit and consumer loan balance includes the money available in your consumer accounts, as well as the amounts you've borrowed from Zions Bank. Eligible consumer loans include auto, credit card, credit line, home equity, and installment loans. Mortgage loans are not included.

In order to have your monthly fee waived, you need to keep a $10,000 combined deposit balance or a $25,000 combined deposit and personal loan balance each statement month.

Premium rates are, simply put, better rates offered to Zions Bank's customers with several interest-bearing accounts linked to their Premium Interest Checking®. These interest-bearing accounts might be a checking, savings, money market, and/or CD.

You will start earning interest as soon as the initial deposit has been processed, which usually happens the same or next business day following receipt.

Interest rates apply on your balance (the principal), and it's how much you earn on it over a period of time. Simply put, if you have $1,000 with the interest rate of 15%, you will earn $150/year. 

Annual Percentage Yield or APY is also how much you gain, including compound interest, which is calculated on the principal and the interest accumulated over the previous period. This is why APY is usually higher than the interest rate. APY is the real rate of return on your deposit. The more frequently interest is compounded, the better return will be - as it adds up to previous amounts which are higher thanks to compounding.

Zions Banks gives you the option to open a money market account at the time of application for the Premium Interest Checking® account. Zions Bank's Money Market account has no monthly fees, but requires a $500 minimum deposit to open. However, it has competitive variable interest rates, which are higher than on the Premium Interest Checking®, and can go up to 0.10%.

You must order them through Zions Bank if you want to get a discount. You can do so online, in your local branch or by contacting Zions Bank's customer support center at 801-974-8800. 

Zions AmaZing Deals^® is a rewards program allowing you to earn cashback when shopping at hundreds of local merchants with your Zions Bank Visa debit or credit card. Without prior enrollment, you can save money using coupons and deals, or receive up to 50% cashback by shopping at participating Utah or Idaho retail stores, restaurants, automotive shops, health and beauty providers, and more.

Visit Zions AmaZing Deals® for more details.

Eligible Zions Bank loans are rersonal loans, RV loans, home equity loans, and lot loans.