Super Saver Certificate of Deposit
My Utah is landscapes that are otherworldly
and accounts that are extraordinary.
Looking to save for a specific goal? Bank of Utah’s Super Saver CD lets
you lock in an interest rate for a specific term, like a traditional CD, but
it’s unique in that you can continue to add funds to it.
This allows you to deposit more money as it becomes available and
prevents you from spending it once it's in your account, making it a great
way to reach any savings goal — a special occasion or big purchase.
The Super Saver CD has a 1-year term. You can even open it in the fall
and have it ready for the holidays the following year!
This account can be opened online or in a branch.
Benefits

Deposit Money Automatically
With recurring transfers that you can set up to directly move money from your checking to your Super Saver CD

Boost Your Earnings
With a low-risk savings option that earns interest (see rates), with no monthly maintenance fee attached

Pick Your Statement Method
With options that include eStatements or paper statements, and access to your
account online
Features
- Set aside funds for a 1-year term with the Super Saver CD.
- Open your account with a minimum deposit of $500.
- You may make deposits to your account throughout your 1-year term.
- Interest will be compounded, and credited to your account, every quarter on accounts with terms of 1 year or more.
- Penalty may be imposed for early withdrawals. Fees may reduce earnings.
- This account will automatically renew at maturity unless you provide the bank with written notice of your intent not to renew. The written notice must be provided either before the maturity date or within a grace period of 10 calendar days after maturity, which allows you to withdraw the funds without penalty.
- The interest you earn is adjusted at maturity to match our 1-Year CD rate (see rates).
See our full set of disclosures here.
Build Your Down Payment With
Our Super Saver Mortgage Program!
Bank of Utah accelerates your American Dream with a Super Saver CD designed to help you reach your down payment goal faster.
- Grow Your Savings: Make additional deposits anytime to keep your down payment growing. Plus, your CD automatically renews each year at maturity until you're ready to buy.
- Enjoy Easy Access: Unlike traditional CDs, there is no penalty to withdraw funds early for your Bank of Utah mortgage down payment.
- Get a Free Appraisal: Use your Super Saver CD and unlock a free home appraisal.

When Your CD Matures
If you opened your Certificate of Deposit (CD) with Bank of Utah — whether online or in branch — here’s what to expect when it matures.
Renewing?
No action is needed. Your CD will automatically renew on the maturity date, and the rate will update to the current rate at that time.
Withdrawing if your CD was opened online?
Submit a CD closure request form. You can find the form in Online Banking under Help → Messages, approximately two weeks before your CD matures.
You’ll have a 10-day grace period after maturity to complete the form and make changes. If no action is taken during that time, your CD will automatically renew at the current rate offered at maturity.
Once we’ve received your closure request and your CD reaches its maturity date, we’ll return the amount you specified — either a partial withdrawal or the full balance (your deposit plus interest) — to the same account you used to fund the CD, using the same electronic transfer method. This helps ensure your money is returned securely to the correct place.
Withdrawing if your CD was opened in a branch?
Visit your local branch on the day your CD matures or within the 10-day grace period to request closure and let us know how you’d like your funds returned.