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Zions Bank CD Review

How does your bank stack up?

  • Financial Rates: 4.0 Star Icon
  • Customer Service: 5.0 Star Icon
  • Variety of Terms: 5.0 Star Icon
  • Opening Required Amount: 5.0 Star Icon


  • Low opening required amounts
  • Good variety of terms available
  • Early withdrawal fees are low
  • CDs renew automatically


  • Cannot open CDs online
  • Best rates require large account balance
  • Rates may change based on location
  • Short-term CDs have low rates

What You Need to Know

The opening amount required for Zions Bank CDs is low. Each of the standard CD terms requires $1,000 to open. The IRA CD accounts also require $1,000 to open. The jumbo CDs require $100,000 to open.

There are a good variety of CD terms available through Zions Bank. The CD terms range from one month to five years. They include standard, IRA, and jumbo CDs. The CD term lengths are the same for the different CD types.

The early withdrawal penalties for Zions Bank CDs are low. If you withdraw money from terms 31-days or less, the fee is all the interest earned. If the term is from 32-days to one-year, the fee is 90 days of interest. For all terms longer than one year, the fee is 180-days of interest.

You can set up your Zions Bank CDs to renew automatically. If you select this option, your CD will renew at maturity. The interest rate for the renewed CD are the interest rates offered at the time of renewal. Contact customer service to set up automatic renewal.

You cannot open Zions Bank CDs online; you must visit a branch location. Branch locations are listed on their website. Once you open a CD in a branch location, you can access your CD and other accounts online.

The interest rates for Zions Bank CDs are lower than other online CD rates. To earn the highest interest rates requires a balance of at least $100,000. The highest rates are just higher than the standard rate. Even the highest rate is lower than online CD rates.

The interest rates for Zions Bank CDs may change based on your location. To know the correct rates for your area, input your zip code on the Zions Bank website. You can also call customer service or visit a branch location.

The short-term CDs with Zions Bank offer low interest rates. These rates are not competitive with other online CDs of the same term length. These term lengths include a one, three, six, and nine-month CDs. The interest rates increase with terms 12-months or longer.

Cool Things

Financial Education

The Zions Bank website offers a section on financial education. Articles, videos, and podcasts cover a variety of financial topics. This section of the website also offers financial calculators.


Zions Bank started in 1873 in Salt Lake City, Utah. Zions was Utah’s first chartered savings bank. It is one of the oldest financial intuitions in the Intermountain West. They offer 122 branch locations in Utah, Idaho, and Wyoming.

In 1957 Zions Savings Bank merged with two other banks. Once the merger was completed, the new name became Zions First National Bank. This bank had over $109 million in deposits. By 1960, the bank had deposits totaling over $119 million.

Zions Bank is a division of Zions Bancorporation. Their assets total more than $65 billion. They offer personal and business accounts. Credit cards and lending options are also available.

Awards and Recognition

  • ”The Best Banks in America: Best Midsize Bank” by CNNMoney Magazine
  • ”One of the Best Banks to Work for in 2018” by American Banker Magazine
  • ”Most Admired Companies” by Utah Business Magazine

Giving Back

The employees of Zions Bank volunteer at the United Way Day of Caring. Utah and Idaho employees volunteer in their communities. Some have filled backpacks with food or picked up garbage. Some did landscaping, served at the senior center, or read to elementary students. These employees give back to the communities they love.

Frequently Asked Questions

Is Zions Bank FDIC insured?

Yes. Zions Bank is FDIC insured. The FDIC is an agency of the United States government that protects funds deposited in banks, up to $250,000 per customer, per bank. The money deposited in FDIC insured banks means money is backed by the full faith and credit of the United States government.

How many different terms does Zions Bank offer?

There are ten standard CD terms and ten IRA CD terms. The terms range from one month to five years.

What is the required amount to open a CD with Zions Bank?

The required opening amount for standard and IRA CD terms is $1,000. The jumbo CDs require $100,000 to open.

How do I deposit money into Zions Bank CDs?

At a branch location. To open the CD, you must visit a branch location.

How do I access my money?

Through electronic transfers or at a branch location. To avoid a fee, do not withdraw your money before the maturity date.

Do I have to open other Zions Bank accounts before I can open a CD?

No. You can open a CD without opening any other accounts.

Do Zions Bank CDs offer competitive interest rates?

The terms longer than 12-months provide good rates. The rates are lower than online bank rates but slightly higher than typical bank rates.

Can I choose how to receive my interest payments from Zions Bank CDs?

You can choose to have interest paid monthly, quarterly, semi-annually, or annually. You can also receive the interest when the CD reaches maturity.

What percentage am I charged if I withdraw money before the maturity date?

The amount charged is all the interest for short terms CDs and up to 180 days of interest for longer-term CDs.

How do I make changes during the grace period?

By contacting customer service.

How will I know my Zions Bank CD is nearing maturity?

Zions will send a notice 30 days before the CD is to mature.

How long is the grace period between renewal?

The grace period is ten days from the day the CD reaches maturity.

Are Zions Bank CD rates guaranteed for the entire term?

Yes. The standard CD terms offer fixed rates. Zions guarantees the rates for the life of the CD.

Does Zions Bank offer mobile banking?

Yes. With the mobile banking app, you can view account balances and transactions. You can transfer money, pay bills, and deposit checks. You can also search for branch and ATM locations.

Is Zions Bank a good bank?

Zions Bank offers a good variety of accounts with low opening required amounts. CDs cannot be opened online. To earn the most competitive interest rate for the CDs requires a balance of $100,000 or more.

Is Zions Bank secure online?

Their security measures comply with federal law. Their computers have safeguards. Their buildings and files are secure. Zions restricts the personal information employees can see about customers.

What is the shortest Zions Bank CD term offered?

The shortest CD term is a one-month CD.

What is the longest Zions Bank CD term offered?

The longest term is a five-year CD.

Does Zions Bank offer accounts other than CDs?

Yes. They offer savings, checking, and money market accounts. They offer credit cards and lending options.

Can I use Zions Bank CDs for my business accounts?

Yes. They offer business checking accounts, credit cards, and lending options.

How do I reach customer service?

Through phone, email, mail, or by visiting a local branch location.

Bank Contact Information

Zions Bank
P.O. Box 30709
Salt Lake City, UT 84130

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