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People's Intermountain Bank Review

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People's Intermountain Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 1913, People's Intermountain Bank has assets totaling $2 billion as well as deposits totaling $2 billion, which makes the institution a large bank. People's Intermountain Bank, whose headquarters are in American Fork, Utah, lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. Coming in at a commendable 4.3 out of 5 stars, People's Intermountain Bank proves it is a great choice and should warrant serious consideration. People's Intermountain Bank has a varied choice of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. People's Intermountain Bank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, the bank's most basic checking does not have a monthly fee. Locating a checking account with no monthly fee, in addition to a savings account with a high APY at the same bank is the best bet for accruing the most income from your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

With a savings rate of 0.10%, People's Intermountain Bank ranks poorly compared to the national average. Its one-year CD earns at a rate of 1.20% and the five-year CD earns at a rate of 2.00%, while its highest-yielding money market account has an APY of 0.40%. Given People's Intermountain Bank's noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How People's Intermountain Bank's Savings Rates Compare

People's Intermountain Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, People's Intermountain Bank charges its customers extremely low fees in comparison to the national average. With no monthly fee, People's Intermountain Bank's checking account is ideal for those who need a hassle-free banking experience. People's Intermountain Bank unfortunately doesn't reimburse out-of-network ATM fees, which means you will have to search for a People's Intermountain Bank ATM or pay the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

People's Intermountain Bank is a brick-and-mortar bank, with 32 total bank locations in Idaho and Utah. It also offers access to mobile and web apps for a simple mobile-banking experience. It does not provide access to all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 7:15 a.m. to 6:15 p.m. MT; Saturday, and 9:00 a.m. to 1:00 p.m. MT. People's Intermountain Bank gets fair feedback from customers for its mobile banking services. The People's Intermountain Bank mobile app scored a 3.6 out of 5 (with 110 reviews on Apple and Android) compared to the national average of 3.8. People's Intermountain Bank's mobile app lets you control your funds by checking current statements, transferring money and reaching support representatives. People's Intermountain Bank receives an outstanding consumer satisfaction rating based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

People's Intermountain Bank is a large bank and handles $2 billion in assets as well as $2 billion in deposits. It has an excellent Texas Ratio of 1.32%, denoting a low probability of failure. Additionally, People's Intermountain Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare People's Intermountain Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 1.20% APY
  • 24 Month: 1.55% APY
  • 36 Month: 1.65% APY
  • 48 Month: 1.80% APY
  • 60 Month: 2.00% APY
$500 for all terms
Money Market Account 0.25% APY $1

People's Intermountain Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. People's Intermountain Bank does not have the best savings rate, which means you should consider other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. People's Intermountain Bank's CD rates are fair compared to the average U.S. bank.

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Find a People's Intermountain Bank Near Me

People's Intermountain Bank has 32 locations in the U.S.

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