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Utah Savings Rate Trends

Draper, Utah (UT) Savings Rates - March 2026

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

Draper, UT Savings Rate Trends

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.

View Full Utah Savings Trends →
High-Yield Savings — UT Avg
0.645%

Utah high-yield savings rates currently average 0.645% APY based on data from institutions in our monitoring network.

Standard Savings — UT Avg
1.187%

Utah standard savings rates currently average 1.187% APY based on data from institutions in our monitoring network.

As of Mar 21, 2026 • Rate data sourced from 8,500+ monitored institutions Powered by MonitorBankRates

Compare the Best Savings Rates in Draper, Utah & Surrounding Communities

Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Cyprus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.42%
183 E 13800 S, Draper, UT 84020
Dream Round Up Savings
10.00%
$0
Rate9.57%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

Varo Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
11781 S Lone Peak Pkwy, Draper, UT 84020
High-Yield Savings Account
5.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

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

Varo Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
11781 S Lone Peak Pkwy, Draper, UT 84020
High interest savings
5.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

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

Varo Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
11781 S Lone Peak Pkwy, Draper, UT 84020
Savings Account
5.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

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

Bread Financial
Institution Rating:
B4.4 ★Texas Ratio: 22.10%
12921 S Vista Station Blvd, Draper, UT 84020
High-Yield Savings Account
4.00%
$100
Rate0.00%
Min Deposit$100
Min Balance
UpdatedMar 18, 2026
Details

Bread Financial
Institution Rating:
B4.4 ★Texas Ratio: 22.10%
12921 S Vista Station Blvd, Draper, UT 84020
Retirement High-Yield Savings
4.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

Nelnet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.05%
13907 S Minuteman Dr, Draper, UT 84020
K-12 High-Yield Savings Accounts
3.89%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Money Market Savings
3.55%
$0
Rate3.49%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Share Savings Account
3.55%
$0
Rate3.50%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

Nelnet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.05%
13907 S Minuteman Dr, Draper, UT 84020
K-12 High-Yield Savings Accounts
3.38%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Money Market Savings
3.30%
$0
Rate3.25%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Share Savings Account
3.30%
$0
Rate3.25%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

Nelnet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.05%
13907 S Minuteman Dr, Draper, UT 84020
High Yield Savings Account
3.25%
$100
Rate0.00%
Min Deposit$100
Min Balance
UpdatedMar 15, 2026
Details

Nelnet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.05%
13907 S Minuteman Dr, Draper, UT 84020
Personal High-Yield Savings Accounts
3.25%
$100
Rate0.00%
Min Deposit$100
Min Balance
UpdatedMar 15, 2026
Details

Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
12050 S Lone Peak Pkwy, Draper, UT 84020 9414
SafeGuard Savings, Municipal
3.00%
$0
Rate2.96%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
12050 S Lone Peak Pkwy, Draper, UT 84020 9414
SafeGuard Savings, Consumer
3.00%
$0
Rate2.96%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

Nelnet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.05%
13907 S Minuteman Dr, Draper, UT 84020
K-12 High-Yield Savings Accounts
2.99%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

Nelnet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.05%
13907 S Minuteman Dr, Draper, UT 84020
K-12 High-Yield Savings Accounts
2.60%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Share Savings Account
2.50%
$0
Rate2.47%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

Varo Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
11781 S Lone Peak Pkwy, Draper, UT 84020
High-Yield Savings Account
2.50%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

2.50% APY on balances over $5,000

Varo Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
11781 S Lone Peak Pkwy, Draper, UT 84020
Savings Account
2.50%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Money Market Savings
2.50%
$0
Rate2.47%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Money Market Savings
2.00%
$0
Rate1.98%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Share Savings Account
2.00%
$0
Rate1.98%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
12050 S Lone Peak Pkwy, Draper, UT 84020 9414
Rainy Day Savings
1.90%
$0
Rate1.88%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

On balances above $25,000 and up to $50,000

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Money Market Savings
1.50%
$0
Rate1.49%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Share Savings Account
1.50%
$0
Rate1.49%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
12050 S Lone Peak Pkwy, Draper, UT 84020 9414
Rainy Day Savings
1.40%
$0
Rate1.39%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

On balances up to $25,000

Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
12050 S Lone Peak Pkwy, Draper, UT 84020 9414
SafeGuard Savings, Business
1.40%
$0
Rate1.39%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Share Savings Account
1.00%
$0
Rate1.00%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Money Market Savings
1.00%
$0
Rate1.00%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Money Market Savings
0.85%
$0
Rate0.85%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Share Savings Account
0.85%
$0
Rate0.85%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Share Savings Account
0.50%
$0
Rate0.50%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Money Market Savings
0.50%
$0
Rate0.50%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

Firefighters Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.84%
280 E 12300 S, Draper, UT 84020
Savings Account
0.10%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

Firefighters Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.84%
280 E 12300 S, Draper, UT 84020
Share Savings
0.10%
$0
Rate0.10%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

Jordan Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.01%
407 E 12300 S, Draper, UT 84020
Regular Share Savings
0.10%
$0
Rate0.10%
Min Deposit$0
Min Balance
UpdatedMar 17, 2026
Details

Fees could reduce earnings. Dividends are credited quarterly. The Dividend Rate and Annual Percentage Yield may change quarterly for Share Savings.

UTAH COMMUNITY
Institution Rating:
C3.8 ★Texas Ratio: 29.46%
112 E 12300 S, DRAPER, UT 84020
Regular Business Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

America First Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.12%
520 E 12300 S, Draper, UT 84020
Share Savings
0.05%
$1
Rate0.05%
Min Deposit$1
Min Balance
UpdatedMar 17, 2026
Details

Cyprus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.42%
183 E 13800 S, Draper, UT 84020
Regular Share Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

Mountain America Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.38%
12221 S State St, Draper, UT 84020 7023
Primary savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

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.

Mountain America Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.38%
12221 S State St, Draper, UT 84020 7023
Savings accounts
0.05%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Mountain America Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.38%
12221 S State St, Draper, UT 84020 7023
Secondary savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

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.

Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
12050 S Lone Peak Pkwy, Draper, UT 84020 9414
Holiday Club Savings
0.01%
$0
Rate0.01%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
12050 S Lone Peak Pkwy, Draper, UT 84020 9414
Rainy Day Savings
0.01%
$0
Rate0.01%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

On remainder over $50,000

Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
12050 S Lone Peak Pkwy, Draper, UT 84020 9414
Regular Savings
0.01%
$0
Rate0.01%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

Nebo Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.02%
730 E 300 S, Springville, UT 84663
Dream Round Up Savings
10.00%
$0
Rate9.57%
Min Deposit$0
Min Balance
UpdatedMar 17, 2026
Details

Chevron Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.35%
273 W 500 S, Bountiful, UT 84010
MySavings Youth
7.00%
$0
Rate6.77%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

Granite Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.83%
3675 S 900 E, Salt Lake City, UT 84106
Tier 1 YoungInvestor Savings
5.00%
$0
Rate4.89%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Granite Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.83%
3675 S 900 E, Salt Lake City, UT 84106
YoungInvestor Savings
5.00%
$0
Rate4.89%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Chartway Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
562 N Main St, Tooele, UT 84074
Smart Steps Savings
4.50%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

Granite Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.83%
3675 S 900 E, Salt Lake City, UT 84106
Tier 2 YoungInvestor Savings
4.00%
$0
Rate3.93%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Deseret First Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.12%
3999 W Parkway Blvd, West Valley City, UT 84120
Mission Savings Fund
3.50%
$0
Rate3.45%
Min Deposit$0
Min Balance
UpdatedMar 13, 2026
Details

Freedom Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.27%
815 N Freedom Blvd, Provo, UT 84604 3315
High Yield Savings
3.50%
$0
Rate3.45%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Qualifying balance up to $250,000.00

Desert Rivers Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.83%
725 N Main St, Moab, UT 84532 2132
Premier Savings
3.25%
$0
Rate3.20%
Min Deposit$0
Min Balance
UpdatedMar 13, 2026
Details

Desert Rivers Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.83%
725 N Main St, Moab, UT 84532 2132
Premier Savings
3.00%
$0
Rate2.96%
Min Deposit$0
Min Balance
UpdatedMar 13, 2026
Details

Granite Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.83%
3675 S 900 E, Salt Lake City, UT 84106
Tier 3 YoungInvestor Savings
3.00%
$0
Rate2.96%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Desert Rivers Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.83%
725 N Main St, Moab, UT 84532 2132
Premier Savings
2.60%
$0
Rate2.57%
Min Deposit$0
Min Balance
UpdatedMar 13, 2026
Details

Horizon Utah Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 6.06%
225 S 200 W, Farmington, UT 84025
ROTH IRA SHARE
2.60%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice.

Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.

Methodology & Data Sources

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.

Frequently Asked Questions about Savings Accounts in Draper, Utah

What is a High-Yield Savings Account (HYSA)?

A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Utah, help your money grow faster through a higher APY.

Are savings accounts in Draper, Utah safe?

Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Utah up to $250,000 per depositor, per institution.

How often do savings rates change in Draper, Utah?

Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Utah rate tables daily to ensure you see the most current high-yield options.

Do I need a minimum deposit to open a savings account?

It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Draper, Utah may require $25–$100 to open an account.

What is the difference between a Savings Account and a Money Market Account?

Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.

Are online banks better than local banks in Draper, Utah?

Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Draper, Utah offer in-person customer service, which some customers prefer.

How do I open a savings account in Draper, Utah?

You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.

Best Savings Rates in Draper, Utah

Here are recent savings rates observed in Draper, Utah and the surrounding area:
  • Cyprus Federal Credit Union
    Dream Round Up Savings — 10.00% APY
  • Varo Bank
    High-Yield Savings Account — 5.00% APY
  • Bread Financial
    High-Yield Savings Account — 4.00% APY
  • Nelnet Bank
    K-12 High-Yield Savings Accounts — 3.89% APY
  • UTAH COMMUNITY
    Money Market Savings — 3.55% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Draper, Utah. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 21, 2026