Ad Disclaimer

Zions Bank VS Banesco USA

Which bank is better for you?

  • Financial Rates: 4.0 Star Icon
  • Customer Service: 5.0 Star Icon
  • Variety of Terms: 5.0 Star Icon
  • Required Opening Amount: 5.0 Star Icon
No Rate Information
Star Icon Star Icon Star Icon Star Icon 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
  • Financial Rates: 5.0 Star Icon
  • Customer Service: 5.0 Star Icon
  • Variety of Terms: 4.0 Star Icon
  • Required Opening Amount: 4.0 Star Icon
No Rate Information
Star Icon Star Icon Star Icon Star Icon Star Icon


  • Competitive interest rates on CDs
  • Low opening required amounts
  • Can open BaneSmart CDs online
  • Options on how to receive interest


  • Limited CD terms available online
  • Does not offer interest rate guarantee
  • Interest on 12-months must be paid out
  • Fund accounts through mailing a check
Zions Bank CD Review

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.

Read the full Zions Bank review.

Banesco USA CD Review

The Banesco USA BaneSmart CDs offer competitive interest rates. These rates are much higher than typical bank rates. Banesco USA CDs offer rates competitive with other online CDs.

The Banesco CDs have low opening required amounts. The amounts range from $1,000 to $1,500 depending on the account. You must keep these balances in your CD accounts to earn competitive interest rates.

You can open each BaneSmart CD term online. The application is on the Banesco USA website. You do not need to visit a branch location.

There are options on how and when you receive your interest payments. You can choose to receive BaneSmart CD interest payments monthly, quarterly, or semi-annually. You can also choose to receive the interest when the CD reaches maturity. You can deposit interest earnings into any Banesco USA accounts.

There are limited BaneSmart CD terms available through Banesco USA. The terms range from six to 36-month CDs. There are a total of five CDs available online. More CD terms may be available at a branch location.

The BaneSmart CDs do not offer an interest rate guarantee. If the interest rates increase shortly after you open your CD, your rates will not increase. The interest rates for BaneSmart CDs are competitive. But, there is not a guarantee if the rates increase.

Banesco CD terms longer than 12-months have limits on interest payments. The annual percentage yield cannot stay in the account. A payout is necessary. Withdrawing the money before the CD reaches maturity will result in a fee. Contact customer service for more information on this matter.

There are limited ways to fund your BaneSmart Banesco CD. To initially fund your CD, you need to mail in a check. The CD terms range from six to 36-months.

Read the full Banesco USA review.

Favorite Rates