CD Review Bank: Zions Bank Insurance: FDIC to $250K (Cert #2270) Last updated: 2026-06-27

Zions Bank CD Review (2026) — Utah Regional

Quick take: Zions Bancorporation operates Zions Bank in UT/ID/WY plus 7 affiliate banks (Amegy in TX, California Bank & Trust, Vectra in CO, etc.). Featured CDs at ~3.75%; Standard CDs pay 0.05-0.15%.

Hero stats · Zions Bank CDs

APY Range

0.05% – ~3.75% (Featured)

FDIC Cert #

2270

Bank Size

~33rd-largest US bank ($88B assets)

Min Deposit

$1,000

EWP

90–365 days interest

As of

2026-06-27

Zions Bank CD rates — full term ladder

Here’s the current Zions Bank CD rate sheet across all standard and promotional terms as of 2026-06-27:

Term	APY
Featured 7-Month	3.75%
Featured 13-Month	3.50%
Featured 19-Month	3.25%
Standard 3-Month	0.05%
Standard 6-Month	0.05%
Standard 1-Year	0.10%
Standard 2-Year	0.10%
Standard 3-Year	0.15%
Standard 5-Year	0.15%

Rates as of 2026-06-27. Zions Bank re-prices based on Fed funds and competitive pressure. Confirm current rates on the bank’s site before opening.

Pros and cons

Pros

~3.75% Featured CD
~400 branches in 11 western states (across all 8 affiliates)
FDIC-insured (Cert #2270)
Strong local market presence in UT/ID
Affiliate brand structure gives local feel

Cons

Standard rates 0.05-0.15%
Featured rates limited to 3 short terms
Footprint missing in many central/eastern states
Long-term CDs trail online and MYGAs
Multiple affiliate brands can be confusing

Why this CD is so much lower than online competitors

Zions' 8-brand affiliate model carries duplicate operating costs (separate marketing in each market) which weigh on deposit pricing.

The branch-overhead math

A megabank branch costs roughly $1–2M per year to operate (real estate, staffing, security, utilities, IT, compliance). Multiply across thousands of branches and the bank’s effective cost of deposits is 2–3% before paying you a dime. An online bank with zero branches can pass nearly that entire spread back to depositors as APY. That’s why Marcus, Ally, Synchrony, and Discover routinely pay 4.00–4.50% while megabanks pay 0.05%.

Better alternatives at higher APY

If branch access isn’t critical for you, these alternatives currently pay materially more on the same FDIC-insured deposit:

Marcus 1-Year CD — ~4.50%
Ally 5-Year CD — ~4.00%
Synchrony 5-Year CD — ~4.00%

For a 30+ bank comparison at the 5-year point, see Best 5-Year CD Rates 2026.

When a MYGA beats this CD

A Multi-Year Guaranteed Annuity (MYGA) is the insurance-industry equivalent of a CD: lock a fixed rate for a fixed term, principal-protected. The pricing gap vs. a megabank CD is dramatic.

Math at $250,000 over 5 years:

Zions 5-year Standard CD pays 0.15%. A 5-year MYGA pays ~5.50%. On $250,000:

Zions 5-Year CD @ 0.15%: $251,879 ending balance
5-Year MYGA @ 5.50%: $326,740 ending balance
Difference: $74,861 — in favor of the MYGA

MYGAs also defer tax on interest until withdrawal — CDs are taxed annually as ordinary income whether you touch the interest or not. The trade-off: MYGAs have a fixed surrender schedule (usually with 10%/yr free withdrawal); CDs have shorter penalty periods. For taxable retirement money you don’t plan to touch, the MYGA almost always wins. See CD vs MYGA Comparison.

FAQ — Zions Bank CDs

Current Zions Bank CD rate?

Featured ~3.25-3.75%; Standard 0.05-0.15%.

FDIC-insured?

Yes (Cert #2270, covers all Zions Bancorporation affiliate banks under the consolidated charter).

What are Zions affiliate banks?

Zions Bank (UT/ID/WY), Amegy (TX), California Bank & Trust, Vectra (CO), National Bank of Arizona, Nevada State Bank, Commerce Bank of Washington, The Commerce Bank of Oregon.

Minimum deposit?

$1,000.

EWP?

90 days under 12 months; 180 days for 12-23 months; 365 days for 24+ months.

IRA CDs?

Yes.

MYGA better?

Yes for 3+ year horizons — ~$75K gap on $250K over 5 years.

Before you lock in — see what a MYGA pays at the same term

Hans Goldstein, independent licensed insurance producer.

If you’re looking at a Zions Bank CD, you should see what an A-rated MYGA pays for the same lock-up. The yield gap is often 100–500 basis points — on a $250K deposit over 5 years that’s real money.

Drop your info and you’ll get a written side-by-side: this CD vs. the top 3 MYGAs at the same term, with end-of-term math at your actual deposit amount. No pitch, no follow-up calls unless you ask.

Hans Goldstein · 213-414-2808 · NPN 20602398, independent licensed insurance producer appointed with multiple A-rated carriers

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Disclosure

This review reflects publicly posted bank rates and approximate APYs as of 2026-06-27. CD rates change frequently — confirm current rates directly with Zions Bank before opening an account. This article is general information for educational purposes; it is not a personalized recommendation, solicitation, or offer of any specific banking or insurance product. Zions Bank is FDIC-insured to the limits stated; coverage is per depositor, per ownership category. Hans Goldstein is an independent licensed insurance producer (NPN 20602398) appointed with multiple A-rated annuity carriers; he is NOT a bank employee, broker-dealer, or registered representative, and is not paid by Zions Bank for this review. No compensation has been received from Zions Bank in connection with this content. MYGA comparisons reference rates from A-rated carriers as of the date stated; carrier rates change monthly. Always read the actual CD disclosure or annuity contract before purchasing.