In 2004, the company was founded. Prime Alliance Bank Utah-based bank offering a variety of financial products, including personal Certificates, checking, savings, money markets accounts, certificates of deposit (CD), and It also offers retirement accounts. It also offers business Products for commercial customers All rates and Current fees of November 30, 2022 and These terms and conditions are subject to change. 

Prime Alliance Bank Offers 

Prime Alliance offers two checking accounts—one Standard account and one You can also have an interest-earning bank account personal Savings and Savings account for health 

You can check it out and Savings accounts 

Alliance You can check it out 

  • APY: 0%
  • Monthly maintenance fee $0
  • Minimum balance $0
  • Minimum opening deposit: $0

Personal Interest Checking

  • APY: 
    • $1 – $14,999.99: 0.05%
    • $15,000 – $49,999.99: 0.10%
    • $50,000+ : 0.20%
  • Monthly maintenance fee $0
  • Minimum balance $0

Account for high-yield savings 

Personal Savings 

  • APY: 3.25%
  • Monthly maintenance fee $0
  • Minimum balance $0

Health Savings Account

  • APY: Balances: 0.30% of $1 and More
  • Monthly maintenance fee $0

Money market accounts 

Personal Money Market

  • APY: 3.25%
  • Monthly maintenance fee $0
  • Minimum balance $0
  • Service fee $25.00 per withdrawal/transfer of Six limited transfers

Certificates of deposit

Certificate of Deposit 

  • APY: 
    • 6-month CD: 3.25%
    • 12-month CD: 4.00%
    • 18-month CD: 4.00%
    • 24-month CD: 4.00%
    • 36-month CD: 4.50%
    • 48-month CD: 3.00%
    • 60-month CD: 3.00%
  • Minimum opening deposit: $500 
  • Monthly maintenance fee $0 
  • Early withdrawal penalty 30 to 90 days’ interest on the amount withdrawn depending on your CD term. 

Retirement Savings Account 

Individual Retirement Account (IRA).

  • APY: 
    • 12-month IRA: 4.00%
    • 24-month IRA: 4.00%
    • 36-month IRA: 4.50%
    • 48-month IRA: 3.00%
    • 60-month IRA: 3.00%
  • Minimum opening deposit: $500 
  • Early withdrawal penalty 30 to 90 days’ interest on the amount withdrawn depending on your CD term. 

All accounts are exempt from CDs and incur additional fees and time deposit accounts 

  • Return ACH fee $2.50
  • Account fee for Dormant: $0
  • Return foreign check fee: $25.00
  • Levies: $20.00
  • Stop paying the fee $15.00
  • Charges for collection: $10.00
  • Fee for insufficient funds $0
  • Return check fee: $10.00
  • Overdraft interest fee: $0
  • Wire transfer fee (incoming). $10.00
  • Fee for wire transfer (outgoing). $15.00
  • Transfer fee for wire (outgoing international). $40.00
  • Wire transfer fee (incoming, non-interest bearing account). $5.00
  • Wire transfer fee (outgoing account, non-interest bearing): $10.00
  • Cashier’s check: $0
  • Ersatz of lost debit card: $0
  • Hourly research fee $15
  • Copies of statements: $2.50 for a statement
  • Copies of checks: $1.00 per check

Other services Prime Alliance Special Offers 

Other than Prime Alliance’s personal Customers have a variety of account options. of business products, including: 

  • Commercial loans Prime Alliance offers real estate loans, SBA loans, commercial lines of credit, and Equipment leasing financing 
  • Checking in business and Savings accounts The basic, interest bearing checking account can be chosen by business owners, or an interest bearing savings account. These accounts don’t require a minimum balance or opening deposit.  
  • Accounts in the business money market Prime Alliance’s business Money market accounts have competitive APYs, unlimited deposits and offer unlimited access and up to six withdrawals/transfers per month.  
  • Certificates for businesses of deposit: Prime Alliance Bank’s business CDs can be used for a variety of purposes. of Terms: From six months to five year terms and Minimum three times the national average for APYs 

The Prime Alliance Platform and customer support 

While Prime Alliance Customers can bank online or through a mobile app at any location, including one in Utah. The bank’s app has five stars on the Apple App Store and Google Play users can also access it. Customer can contact a representative by phone Monday to Friday between 8:30 a.m. – 5:00 p.m. and 5:00 PM (MST) or by email, filling out the form on the Prime Alliance website.

Pros and Cons of Prime Alliance Bank

If you’re considering banking with Prime AllianceHere are some examples of The major pros and Be aware of these cons of: 

Pro: Save Money with Competitive APYs Prime Alliance Bank Competitive APYs are offered on its accounts. Savings accounts earn more than 12 times the national average. 

Pro: A mix of personal and business products. Customers who wish to preserve their assets business and personal All products in one place Prime Alliance Offers a diverse mix of Financial products that meet all needs of They are their most pressing needs. 

Con: physical locations. Prime Alliance Has one physical Utah is located in a difficult area for customers who do NOT live in the state. and Prefer to meet with a banker in real life? 

Con: Very limited contact options Prime Alliance Does not provide an online chat option for immediate assistance and Telephone support is not available for extended hours. 

Questions frequently asked

Is it? Prime Alliance Bank FDIC insured

Prime Alliance Bank FDIC insurance provides coverage for up to $250,000 per account owner category, and per depositor. 

How do I contact Prime Alliance Bank?

Prime Alliance Bank’s physical Location in Woods Cross (Utah). and Phone lines are open Monday to Friday, 8:30 a.m. – 5:00 p.m. (MT). The bank can be reached via email using the contact form. Prime Alliance’s website. 

How often does interest get posted to my account? Prime Alliance account?

The end of the interest posting period of Each month, the money market and Interest-bearing checking account For savings accounts, interest is paid quarterly and Certificates of deposit.

Follow the Sunday Review Recommendations Facebook and Twitter.

EDITORIAL DISCLOSURE: This article contains no advice, opinions or rankings. of The Sunday Review Recommends Editorial team. This content has not been reviewed by or endorsed in any way. of Affiliate partners or third parties.