All Utah First branches will be closed on Monday, January 20, 2020 in observance of Martin Luther King Jr Day. Online Banking, our mobile app, and our ATMs will be available for your convenience.
Traditional & IRA Term Deposit
Min Balance
6 Month Term Deposit
12 Month Term Deposit
24 Month Term Deposit
36 Month Term Deposit
48 Month Term Deposit
60 Month Term Deposit

APY- Annual Percentage Yield. All rates subject to change without notice.

Save Today,
Reap the Rewards Tomorrow.

Benefit from some of our best interest rates with a Term Deposit. A Term Deposit is a safe investment and offers higher returns than a savings account, or your piggy bank. With these impressive rates, now is the is time to break open those piggy banks and get excited about investing again!

  • $2,000 minimum to open
  • 6-month minimum term
  • Fixed, predictable returns
  • Government-insured to at least $250,000

Traditional IRA

Traditional IRAs are a popular way to save for your retirement. Your contributions to a Traditional IRA are tax-deferred, and they earn compounding interest until you withdraw the money. You’ll pay taxes at the time of withdrawal, but you’ll pay less if you drop into a lower tax bracket after retirement. Here’s what you  need to know about a Traditional IRA:

  • Save up to $5,000 a year individually until you’re 701/2 years old
  • Couples save up to $10,000 a year
  • Withdraw without penalties as early as 591/2 years old

Roth IRA

Unlike a Traditional IRA, a Roth IRA is taxed as income at the time of your contribution, but the money isn’t subject to taxes you withdraw. Just like a Traditional IRA, you can save up to $5,000 as an individual or $10,000 as a couple each year until you turn 701/2 years old.

After you have had your Roth IRA account for five years, you can withdraw all the funds, tax-free under one of the following circumstances:

  • You become 591/2 years old
  • You become disabled
  • You buy your first home
  • You are the beneficiary of a Roth IRA account of which the owner becomes deceased

Coverdell Education Savings Account

College isn’t cheap – start saving now for your child or grandchild’s future education. The Coverdell Education Savings Account allows you to save up to $2,000 a year for each child under 18 years old.

  • Contributions are not tax-deductible
  • Withdrawals are tax- and penalty-free when used for qualified education
  • Funds can be transferred to another child under age 18
Don't Worry, Your Money is Fine.

You can plan for the future knowing your money is safe and secure: your savings are insured for a minimum of $250,000 by the National Credit Union Administration, a U.S. Government Agency.

The Early Bird Gets the Savings.

The future is big, and it's right around the corner. Start planning with a little help from Utah First - we'll help you choose the term deposit that's best for your financial goals.

Get Started
200 E South Temple
Salt Lake City, Utah 84111
Monday - Friday: 9:00 am - 5:30 pm
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Routing & Transit Number: 324079500
NMLS # 446035

Utah First Federal Credit Union is federally insured
by the National Credit Union Administration.