Bank of American Fork is a locally owned and operated financial institution based in American Fork, Utah.  The bank has 12 bank branches in the region including Highland, Orem, Lehi, Pleasant Grove and Spanish Fork, Salt Lake Valley, Draper, Sandy, Murray, and Riverton Utah.  Bank of American Fork opened in 1913 in Utah and has been FDIC insured since January 1, 1934. 

Bank of American Fork is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  At the end of 2008, the bank had assets of $877,839,000 and net income for that year of $4,653,000.  The percent of loans that were noncurrent at the end of 2008 stood at 7.25% of all loans.  Bank of American Fork operates as a subsidiary of People’s Utah Bancorp.

Bank of American Fork offers fixed rate CDs that have maturities from three months to six years.  With a minimum opening balance of $500.00 the bank is currently providing the following CD products:

A three month CD rate is 1.25% APY.
A six month CD rate is 2.25% APY.
A twelve month CD rate is 2.60% APY.
An eighteen month CD rate is 2.70% APY.
A twenty-four month CD rate is 2.80% APY.
A thirty-six month CD rate is 3.00% APY.
A forty-eight month CD rate is 3.40% APY.
A sixty month CD rate is 3.60% APY.
And a seventy-two month CD rate is 3.60% APY.
 
Bank of American Fork is also currently offering the following CD specials with an opening balance of $5000.00 and an existing checking account:

A seventeen month CD special with an interest rate of 3.00% APY.
And a thirty-five month CD special earns an interest rate of 3.25% APY.

Interest rates are subject to change without notice.  Additional account conditions may apply.  For current CD rates and account information contact the bank directly at 800-815-2265.  Bank rates, CD rates, account information and other disclosures can be found at the bank website, www.bankaf.com.

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