Tooele, Utah savings account rates range from 0.01% to 5.10% APY, verified by MonitorBankRates as of October 14, 2026. The best savings rates for Tooele, Utah and the surrounding area include Cyprus Federal Credit UnionCyprus Federal Credit Union99 W 1280 N, Tooele, UT 84074A+5.0 ★Texas Ratio: 2.73%Real return: +2.20%APY minus 2.8% CPI (February 2026) Teen Learn & Earn Savings at 5.00% APY, Chartway Credit UnionChartway Credit Union562 N Main St, Tooele, UT 84074A5.0 ★Texas Ratio: 10.30%Real return: +1.70%APY minus 2.8% CPI (February 2026) Smart Steps Savings at 4.50% APY, America First Federal Credit UnionAmerica First Federal Credit Union972 N Main St, Tooele, UT 84074 1616A5.0 ★Texas Ratio: 8.33%Real return: +1.70%APY minus 2.8% CPI (February 2026) Business Dedicated Savings at 4.50% APY, Key BankKey Bank201 N Main St, Tooele, UT 84074A+5.0 ★Texas Ratio: 4.81%Real return: -2.75%APY minus 2.8% CPI (February 2026) Key Select Money Market Savings - Offer One at 0.05% APY, and Wells FargoWells Fargo204 N Main St, Tooele, UT 84074A+5.0 ★Texas Ratio: 5.36%Real return: -2.75%APY minus 2.8% CPI (February 2026) Platinum Savings at 0.05% APY.
Tooele has 44 local institutions in our database, with savings rates as high as 5.00% APY from Cyprus Federal Credit Union at 99 W 1280 N, Tooele, UT 84074. Use the table below to compare all available offers, including options from institutions serving the broader Utah area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Tooele, Utah and the surrounding area. Last Updated and Verified: October 14, 2026
Balance: $0.00 to $1,000.00; Dividends declared, paid and compounded monthly; Tiered rate on average daily balance of $0.01 to $1,000.00
Balance: $0.00 - $2,499.99; During the first 6 months after account opening, a promotional APY of 5.00% applies to that portion of the total account balance within the first tier, up to $2,499.99. The standard tiered APYs displayed apply to the remaining portion(s) of the account balances above the first tier. Dividend rates are tiered; different portions of the total account balance earn different rates. The APY reflects a blended rate based on the portion of the total balance in each tier, and if held to maturity. Dividends accrue daily and are paid monthly. Fees could reduce earnings on the account. No penalty for withdrawal. Limited to personal accounts; one account per member. Certain conditions and restrictions may apply. Rates and tiers are subject to change without notice. Membership must be completed before account opening. Please refer to the Membership Agreement and Disclosures for terms and conditions applicable to specific accounts
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Balance: $1,000,000 and over
Balance: $250,000 - $999,999.99
Balance: $100,000 - $249,999.99
Bonus Savings account promotional rate of 2.50% APY is effective as of 1/31/24. Dividends are paid quarterly. Rate is subject to change. Annual Percentage Yield (APY). Bonus Savings account is available for new and existing members of Chartway Credit Union. To qualify for the offer, Bonus Savings account must be funded completely with new money. New money is defined as funds not currently on deposit with Chartway Credit Union. Funds transferred from IRA accounts are not eligible for this product. Fees could reduce earnings on the account (applies only to maintenance or activity fees). Chartway senior leadership positions (Vice President and above), Board of Directors, and volunteers are not eligible for this product.
Balance: $50,000 - $99,999.99
Balance: $50,000.00 and over
Balance: $25,000 - $49,999.99
Balance: $25,000.00 to $49,999.99
Balance: $2,500 - $4,999.99; During the first 6 months after account opening, a promotional APY of 5.00% applies to that portion of the total account balance within the first tier, up to $2,499.99. The standard tiered APYs displayed apply to the remaining portion(s) of the account balances above the first tier. Dividend rates are tiered; different portions of the total account balance earn different rates. The APY reflects a blended rate based on the portion of the total balance in each tier, and if held to maturity. Dividends accrue daily and are paid monthly. Fees could reduce earnings on the account. No penalty for withdrawal. Limited to personal accounts; one account per member. Certain conditions and restrictions may apply. Rates and tiers are subject to change without notice. Membership must be completed before account opening. Please refer to the Membership Agreement and Disclosures for terms and conditions applicable to specific accounts
Balance: $10,000 - $24,999.99
Balance: $5,000 - $9,999.99
Balance: $10,000.00 to $24,999.99
Balance: $0.01 - $4,999.99
Balance: $2,500 to $9,999.99
Balance: $5,000 - $9,999.99; During the first 6 months after account opening, a promotional APY of 5.00% applies to that portion of the total account balance within the first tier, up to $2,499.99. The standard tiered APYs displayed apply to the remaining portion(s) of the account balances above the first tier. Dividend rates are tiered; different portions of the total account balance earn different rates. The APY reflects a blended rate based on the portion of the total balance in each tier, and if held to maturity. Dividends accrue daily and are paid monthly. Fees could reduce earnings on the account. No penalty for withdrawal. Limited to personal accounts; one account per member. Certain conditions and restrictions may apply. Rates and tiers are subject to change without notice. Membership must be completed before account opening. Please refer to the Membership Agreement and Disclosures for terms and conditions applicable to specific accounts
Balance: $0.00 to $2,499.99
Balance: $100.00 - $99,999,99
Balance: $10,000 - $24,999.99; During the first 6 months after account opening, a promotional APY of 5.00% applies to that portion of the total account balance within the first tier, up to $2,499.99. The standard tiered APYs displayed apply to the remaining portion(s) of the account balances above the first tier. Dividend rates are tiered; different portions of the total account balance earn different rates. The APY reflects a blended rate based on the portion of the total balance in each tier, and if held to maturity. Dividends accrue daily and are paid monthly. Fees could reduce earnings on the account. No penalty for withdrawal. Limited to personal accounts; one account per member. Certain conditions and restrictions may apply. Rates and tiers are subject to change without notice. Membership must be completed before account opening. Please refer to the Membership Agreement and Disclosures for terms and conditions applicable to specific accounts
Balance: $0.00 - $2,499.99; 6-month bonus rate; Offer Code VRMA0926; Apply online or contact KeyBank by 11/4/2026; Requires $5,000 balance growth; Bring at least $5,000 to Key
Balance: $0.00 - $2,499.99; 6-month bonus rate; Bring at least $25,000 to Key; Offer Code VRMB0926; Apply online with this code or contact us to apply to existing account by 11/4/2026; Rate may vary by booking location; Standard or relationship rates apply after bonus period
When linked to Premier Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
Balance: $0+
APY = Annual Percentage Yield. Fees could reduce earnings on the account (applies only to maintenance or activity fees).
APY = Annual Percentage Yield. Fees could reduce earnings on the account (applies only to maintenance or activity fees).
APY = Annual Percentage Yield. Fees could reduce earnings on the account (applies only to maintenance or activity fees).
Balance: $25,000 +; During the first 6 months after account opening, a promotional APY of 5.00% applies to that portion of the total account balance within the first tier, up to $2,499.99. The standard tiered APYs displayed apply to the remaining portion(s) of the account balances above the first tier. Dividend rates are tiered; different portions of the total account balance earn different rates. The APY reflects a blended rate based on the portion of the total balance in each tier, and if held to maturity. Dividends accrue daily and are paid monthly. Fees could reduce earnings on the account. No penalty for withdrawal. Limited to personal accounts; one account per member. Certain conditions and restrictions may apply. Rates and tiers are subject to change without notice. Membership must be completed before account opening. Please refer to the Membership Agreement and Disclosures for terms and conditions applicable to specific accounts
Balance: $0.00 and over
Balance: $0.00 and over
Balance: $1,000.01 and over; Dividends declared, paid, and compounded monthly; Earns the same rate as Regular Share Savings
Business Share Savings
When linked to Prime Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
Balance: $0+
Utah residents earn a total of 5.10% APY, combining our 4.10% variable base with a 1.00% Rebrand Boost through January 31, 2027. Non-Utah residents earn our 4.10% APY. The Rebrand Boost of 1.00% applies to the portion of your daily balance up to and including $500,000. The portion of your daily balance above $500,000 earns a 4.10% interest rate. Limit of six (6) withdrawals in a monthly statement cycle if the withdrawals are by check, debit card, or preauthorized, made by telephone, or made by an online or mobile transfer of funds.
5.00% APY on savings; part of the Axos ONE bundle
As Low As; Earn up to 5.00% APY on savings for new customers' first 6 months; No monthly maintenance, balance, opening, or overdraft fees; Early payday: get paid up to 2 days early
Balance: $0 - $500. Checking account required to open
Save for a rewarding retirement with an IRA. Accounts are FDIC-insured with no hidden fees.
Balance: $10,000+; Earn 4.25% APY when you keep $10,000+ in savings - more than 11 the national average.3 Otherwise earn 1.00% APY.
Qualifications Required; LevelUp Rate applies when depositing $250+ per month (statement cycle); rate applied to full balance; Standard Rate of 3.00% APY otherwise
Earn LevelUp Rate on entire balance when you deposit $250+ per month; Standard Rate of 3.00% APY otherwise
Non-Utah residents earn our 4.10% APY. The interest rate and APY is variable and may change after account opening. The rate is not guaranteed for any period. Limit of six (6) withdrawals in a monthly statement cycle if the withdrawals are by check, debit card, or preauthorized, made by telephone, or made by an online or mobile transfer of funds.
Open with $100 or more, then boost your balance with online deposits; rates are variable and may change after opening
Available as a Traditional or Roth IRA
Promotional boosted rate; applies for up to 6 months after account opening; use promo code UFB75; offer ends 10/31/26; after the boost period, earns standard rate; FDIC insured up to $250K individual and $500K joint
Promotional APY for up to 6 months; No minimum balance for APY; No monthly maintenance fees; No minimum initial deposit
All Balances; Interest compounded daily; Only $100 minimum to open; No monthly fee; Online account opening
Up to 3.91% APY on all balances for up to 6 months; limited-time promotional rate; open with a Basic Business Checking account; promo code BOOST41
Maximum deposit of $20,000,000. Funds are typically available same day when you need it. Qualifying Cash balances are calculated based on the prior day's ending Bank Deposit Program balance. Preferred Savings Program for Qualifying Cash is only available to brokerage accounts.
No minimum balance; Refer-a-friend promotion adds 1.00% APY for 3 months; Maximum balance limits apply
Earn up to 3.50% APY when you are an account owner of a Bank Smartly Checking, Safe Debit account, or Bank SmartlyTM Visa Signature Card and a CQB of at least $25,000. APYs may vary by location and are accurate for accounts opened on today's date. Restrictions apply.
Balance: $0.01 - $2,500
Balance: All Balances; Interest compounded daily; Open online; $5 monthly fee if you receive paper statements
Balance: $0-$9,999.99
Balance: up to $10,000
Balance: $500.01 - $1000. Checking account required to open
Balance: $1,000,000+; Avoid $25 monthly service fee with $2,500 minimum
Balance: $500,000 - $999,999; Avoid $25 monthly service fee with $2,500 minimum
Balance: $250,000 - $499,999; Avoid $25 monthly service fee with $2,500 minimum
Minimum: $2,500 (Money Market) | $25 (Savings); Balance: $250,000+
Balance: $250,000 & over
Compare local Tooele, UT savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Utah high-yield savings rates rose 0.246 points over the past 7 days to 3.137% APY, up from 2.890%.
Utah standard savings rates fell 0.027 points over the past 7 days to 1.226% APY, down from 1.253%.
Savings rates move with Federal Reserve policy. Our model uses the current UT high-yield average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current UT high-yield savings average of 3.137% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Tooele, Utah.
Annual interest earnings at current UT average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (3.137% APY) | Monthly Earnings | Standard Savings (1.226% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $156.83 / year | $13.07 | $61.30 / year | $5.11 |
| $10,000 | $313.65 / year | $26.14 | $122.60 / year | $10.22 |
| $25,000 | $784.12 / year | $65.34 | $306.50 / year | $25.54 |
| $50,000 | $1,568.25 / year | $130.69 | $613.00 / year | $51.08 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Tooele, Utah savings rate averages as of October 14, 2026. | ||||
MonitorBankRates found 6 institutions with branches in Tooele (2 banks, 4 credit unions), plus 18 additional state-chartered and national online institutions available to Tooele residents. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1 to 5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Cyprus Federal Credit Union offers a savings account at 5.00% APY. Use the rate table above to compare all current offers in Tooele, Utah.
What to compare when shopping for a savings account in Tooele, Utah
To find the best savings APYs in Tooele, Utah, start with credit unions and online-only banks: Tooele, Utah has 4 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current UT high-yield savings average is 3.137% but top local institutions are offering as high as 5.00%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
Local demographics and economic context for savers. Source: U.S. Census Bureau
10.5% of residents are 65 or older, below the national average of 17.3%. At today’s UT high-yield savings average of 3.137%, saving 10% of the local median salary ($4,536/year) would earn an additional $142 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Tooele, Utah.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current UT Avg APY | 3.137% | 1.226% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 to $100 | $25 to $100 | $0 to $2,500 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Tooele, Utah averages tracked in our database as of October 14, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
At UT’s top rate of 5.00% from Cyprus Federal Credit Union, a $10,000 deposit earns $500 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Tooele, Utah earner is roughly $11,300. At 3.137% APY, saving $950/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsUtah’s high-yield savings average is 3.137% APY, variable and always accessible. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Tooele, Utah earner makes $45,360/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.137% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 3.137% APY grows to roughly $46,365 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Tooele, Utah savings rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Tooele, 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 Tooele, 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.