The best savings rates for Draper, Utah and the surrounding area include Cyprus Federal Credit UnionCyprus Federal Credit Union183 E 13800 S, Draper, UT 84020A+5.0 ★Texas Ratio: 2.42% Dream Round Up Savings at 10.00% APY, Varo BankVaro Bank11781 S Lone Peak Pkwy, Draper, UT 84020A+5.0 ★Texas Ratio: 0.00% High-Yield Savings Account at 5.00% APY, Bread FinancialBread Financial12921 S Vista Station Blvd, Draper, UT 84020B4.4 ★Texas Ratio: 22.10% High-Yield Savings Account at 4.00% APY, Nelnet BankNelnet Bank13907 S Minuteman Dr, Draper, UT 84020A+5.0 ★Texas Ratio: 1.05% K-12 High-Yield Savings Accounts at 3.89% APY, and UTAH COMMUNITYUTAH COMMUNITY112 E 12300 S, DRAPER, UT 84020C3.8 ★Texas Ratio: 29.46% Money Market Savings at 3.55% APY.
To see how these savings rates in Draper, Utah, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Draper, Utah (UT) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Draper, Utah and the surrounding area. Last Updated and Verified: March 21, 2026
Compare local Draper, UT savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Utah high-yield savings rates currently average 0.645% APY based on data from institutions in our monitoring network.
Utah standard savings rates currently average 1.187% APY based on data from institutions in our monitoring network.
Qualifications Required: Receiving direct deposit(s) totaling $1,000 or more; Ending the month with a positive balance in all your Varo Accounts; Qualifying balance up to $5,000.00
Qualifications Required: Receiving direct deposit(s) totaling $1,000 or more; End the month with a positive balance in all your Varo Accounts; Qualifying balance up to $5,000.00
Qualifications Required: Receiving direct deposit(s) totaling $1,000 or more; End the month with a positive balance in all your Varo Accounts; Qualifying balance up to $5,000.00
2.50% APY on balances over $5,000
On balances above $25,000 and up to $50,000
On balances up to $25,000
Fees could reduce earnings. Dividends are credited quarterly. The Dividend Rate and Annual Percentage Yield may change quarterly for Share Savings.
Insured by NCUA. Effective as of 3/19/2026. Minimum deposit required to open and maintain a primary savings account is $1. Balances of $100 or more will accrue dividends. Rates and terms are subject to change.
Insured by NCUA. Effective as of 3/19/2026. There is no minimum deposit required to open a secondary savings account and balances above $0 will accrue dividends. Rates and terms are subject to change.
On remainder over $50,000
Qualifying balance up to $250,000.00
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Draper, Utah directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Draper, Utah. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in UT.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.