The First National Bank of Layton opened its doors for business in Utah in May 15, 1905. The bank now has seven total bank branches in Utah, three in Layton, one in Draper, Bountiful, Clearfield and Salt Lake City. The First National Bank of Layton offers personal and commercial banking services. The bank is chartered as a National Bank with the primary regulator being the Office of the Comptroller of the Currency.
At the end of September, 2008 the bank had assets of $279,027,000 and net income of $43,000. During the same period, the bank had non current loans equal to 5.71% of total loans and leases.
The First National Bank of Layton, the oldest local business still in operation, was established in 1905. Layton, is Davis County’s largest city and is located eleven miles south of Ogden and twenty-three miles north of Salt Lake City. It is bordered by the Wasatch Mountains on the east and the Great Salt Lake.
The First National Bank of Layton has quite a lot of consumer loan and deposit products to offer. The bank has traditional savings accounts that earn a competitive rate of interest with a low minimum balance requirement. They offer a money market account that has the benefits of a tiered rate of interest and the ability to write a limited number of checks on your account. There are certificates of deposit which are excellent accounts for long-term savings and have a fixed interest rate based on different terms that secures the earnings. Consumer loans offered by the bank include auto loans, boat loans, RV loans, home equity loans and lines of credit with either a fixed and variable interest rate, home construction loans, building lot loans, mortgage loans and personal loans that can be used for a variety of purposes.
With a minimum opening balance of $500.00, First National Bank is offering the following CD rates:
A seven to eighty-nine day CD rate is 2.12% APY.
A three month CD rate is 2.52% APY.
A six month CD rate is 2.63% APY.
A one year CD rate is 2.78% APY.
A two year CD rate is 3.00% APY.
A three year CD rate is 3.25% APY.
A four year CD rate is 3.75% APY.
And a five year CD rate is 3.75% APY.
All certificates of deposit are subject to a penalty for early withdrawals. The annual percentage yield assumes interest will remain on deposit until maturity and any withdrawal will reduce earnings. Certificates of deposit interest rates are subject to change. Additional conditions may apply. For current CD rates and bank account details contact the bank directly at 801-544-4241. CD rates, account information and other product disclosures can be found at the bank website, www.fnbutah.com.
Tags: Banks, CD rates, CD rates Utah, certificate of deposit, checking accounts, First National Bank of Layton, five year CD rates, one year CD rates, savings, six month CD rates, three month CD rates, two year CD rates, Utah bank
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