Posted On: 10/27/2007 nice rate. Posted On: 10/27/2007 Super long setup, weird limits on EFT/ACH transfers initiated at Zions -- ING transfers and withdraws from Zions with no limits! Posted On: 10/25/2007 zions desert money market is one of the highest rates out there. was getting 5.56% for awhile now. you will need to send in ID though. Posted On: 10/22/2007 Asked for notarized copy of drivers license AFTER I sent in my money. Not asled for in application. I told then to cease work and return my checks. A real sorry operation. Posted On: 10/15/2007 this bank has been great .Easy to communicate with by phone,I have online savings and checking and all works great plus the highest rates around.An a1 bank Posted On: 10/06/2007 Startup isnt easy. They like detail.But who cares with the result of 5.56 APY. Posted On: 10/03/2007 They asked for notarized state ID or drivers license after I had submitted the initial deposit. That left my money in limbo until this verification was complete. What a scam! This was never disclosed in the application. Posted On: 8/30/2007 I wanted to set up an account with them even completed the application. You have to mail in your initial deposit. I , then, called a rep. to ask if all transactions will have to be by mail and was informed that itis only the initial one. I also inquired about what the review dated 7/19 said and was told that was true. Posted On: 7/19/2007 Account setup took weeks; customer service reps not very knowledgeable. In addition, Zions doesnt seem to inform that ACH withdrawals are limited to $500; Hence, you can only ACH withdraw $3,000 a month via ACH with the 6 withdrawals per month limitation. Posted On: 6/24/2007 Too hig a minimum. Problems getting account set up
RS4Rings
Back in Rehab
posted: Nov. 1, 2007 @ 5:14p
I mailed in initial deposit last Friday, Nothing yet. I just plan on using it as a place to park some money. Not worried about ACH as it has check writing. Once account gets opened I will ACH just to test speed and post results
berlinsmommy
Senior Member - 1K
posted: Nov. 1, 2007 @ 5:45p
I have had it for about a year, but of course I love it, I have checking with them as well, so transfers are instant from checking to MM and vice versa, so for as little difference as there is between them and the next bank's MM rate I make up by not losing days of interest (but this would be different if you keep a super large balance, which I do not).
berlinsmommy said: I have had it for about a year, but of course I love it, I have checking with them as well, so transfers are instant from checking to MM and vice versa, so for as little difference as there is between them and the next bank's MM rate I make up by not losing days of interest (but this would be different if you keep a super large balance, which I do not).
What about this Account setup took weeks; customer service reps not very knowledgeable. In addition, Zions doesnt seem to inform that ACH withdrawals are limited to $500; Hence, you can only ACH withdraw $3,000 a month via ACH with the 6 withdrawals per month limitation.
studiddy
Senior Member
posted: Nov. 6, 2007 @ 7:46a
welookgoodcom said: berlinsmommy said:
What about this Account setup took weeks; customer service reps not very knowledgeable. In addition, Zions doesnt seem to inform that ACH withdrawals are limited to $500; Hence, you can only ACH withdraw $3,000 a month via ACH with the 6 withdrawals per month limitation. Yep. Sucks. Realized that after I set up my account. Am now going to transfer everything out and go elsewhere.
RS4Rings
Back in Rehab
posted: Nov. 6, 2007 @ 9:00a
Not sure why people are complaining as I have found them excellent so far. I applied 10/25 and mailed check same day. Account was opened and earning interest as of 11/1 and money not pulled till 11/2. Got an email on 11/5 with login info and logged on with no problem. The ACH out transfers are low but you can pull up to 6 times a month and no maximums. So I will link Zions to my Countrywide and could pull money out in one day or just use one of the 5 checks they sent me
berlinsmommy
Senior Member - 1K
posted: Nov. 6, 2007 @ 11:22a
welookgoodcom said: berlinsmommy said: I have had it for about a year, but of course I love it, I have checking with them as well, so transfers are instant from checking to MM and vice versa, so for as little difference as there is between them and the next bank's MM rate I make up by not losing days of interest (but this would be different if you keep a super large balance, which I do not).
What about this Account setup took weeks; customer service reps not very knowledgeable. In addition, Zions doesnt seem to inform that ACH withdrawals are limited to $500; Hence, you can only ACH withdraw $3,000 a month via ACH with the 6 withdrawals per month limitation.
Unfortunately, I have no experience with all of this. I already had the checking account, so since all transfers between accounts are electronic and instant, I didn't need customer service reps and I transfer everything to checking, so I guess that doesn't count as an ACH since I've done as much as $3k in one transaction, but every single one of my MM transactions has been either in or out of checking.
pnn23
Tired Member
posted: Nov. 6, 2007 @ 11:57a
Scott - I'm surprised they were so fast with you.
I applied for the Deseret MMA on 10/17, sent in the initial deposit, and only yesterday did I see the funds removed from my checking account. No email yet for the account info, though I do have the account number..
I've spoke with the customer service several times, and they are very helpful and personable. More so than the big banks, that's for sure.
RS4Rings
Back in Rehab
posted: Nov. 6, 2007 @ 12:03p
Have you gone online yet? If not just call 800-840-4999. They give you a temporary password and you just use your SS# less dashes for user name
pnn23
Tired Member
posted: Nov. 6, 2007 @ 12:25p
Ahhh, thanks Scott.
Previously before, all the reps I've spoken to told me to wait for the Welcome Packet.
Just got off the phone with yet another friendly rep who helped me set up my online access.
Nuts.
Deseret went down to 5.40% from 5.51% when I signed up. Oh well......
could someone clarify if the interest applies to the entire balance or if it's laddered? i can't decipher disclaimer with ** on the account disclosures page. thanks.
glxpass
Senior Member - 5K
posted: Nov. 10, 2007 @ 4:35p
scripta said: could someone clarify if the interest applies to the entire balance or if it's laddered? i can't decipher disclaimer with ** on the account disclosures page. thanks. It's not laddered; whatever interest rate you qualify for is for the entire balance.
RS4Rings
Back in Rehab
posted: Nov. 10, 2007 @ 5:03p
Got my welcome package today with 5 free checks. So far nothing but good things to say about them. Now will just sit back and hope they keep up better than average rates. If not, just write out a check and deposit it to a local bank
It looks like check deposits start earning interest fairly soon after they are posted. I mailed my account opening deposit from New York on Wed, Oct 31. They posted the deposit at ZionsBank on Tue Nov 6. The check cleared the sending bank on Wed Nov 7. My first interest payment posted on Fri Nov 9, and it was for two days interest. So, it looks like, at most, one days interest was lost.
reege
Member
posted: Nov. 19, 2007 @ 8:18p
Anyone here got this account linked with their Countrywide savings link account, so you can ACH transfer in and out?
I'm having trouble setting it up at Countrywide, and was wondering if I need to set the account type as "checking" perhaps?
Grobe
Senior Member
posted: Nov. 20, 2007 @ 5:20p
The rate has dropped again: Over $50K: 5.23% $1K to $50K: 5.08% Under $1K: 0
scroll down and click their reviews to read I did, and although there were some people who had complaints about them, others gave very glowing reviews, saying precisely the opposite, especially regarding customer service. I'd evaluate their 3 out of 5 star rating as good, not mediocre. Balancing out the number of reviews, the rating, and the APY, Zions Bank is a good deal. I've had a Deseret Money Market account with them for over a year, and while most of my money is elsewhere due to higher interest rates, I've been happy with them. I do not use them as a full-service bank, just somewhere to put some money, but whenever I've had questions, their customer service has been responsive.
Unforgiven
Thrifty Member
posted: Dec. 15, 2007 @ 9:34a
Long time viewer of the financial forum here and I think first time poster in here. Based on what I read here I tried putting some money into Zions Bank in a Deseret Money Market Account. I had read the good and the bad reviews and chose to see for myself. I would like to say that aside from dealing with NetBank when they first came online many years ago, that this is the worst communicating online bank I've ever dealt with.
Transfers are horribly slow, the website is vague and gives you barely any information such as what your current rate is when you are logged in to your account. Customer service via email is a lost cause. 2-3 business day response time if you're lucky to get an answer. Phone customer service is much better. I'm all about making money but I'd rather have some information and customer service to go with my interest.
ACH with Zions was terrible as well. I could push and pull from my own local bank but couldn't get anything setup with Zions on their site. Really painstaking and when things finally did go through they sat at Zions forever before showing up and garnering interest.
Closing the account was a nightmare for me. Took over 16 days to get a simple check. Apparently Utah is 10,000 miles away from Washington as it took forever to get here. Really don't recommend this bank to anyone seeking fast service and an actual online interface that is user friendly and can give information.
HikerT
Member
posted: Jan. 24, 2008 @ 11:32a
Here's my two cents. OK, their online banking isn't the greatest but who cares? I don't have my money there because I need state of the art online banking. I have my money there because they offer an extremely competitive rate that has stayed competitive unlike the rest out there. As far as closing an account, well, they give you plenty of checks with your intro packet - just write a check and make money off the float. I've been very satisfied with Zions for 6 months now. It's great not having to keep chasing rate, transferring money from bank to bank which gets old quick and can cost inquiries and often lost interest. As long as Zions keeps doing what they do best which is offer one of the best rates out there I have no plans to move my money any time soon.
I had a check that bounced while I was out of town in 2005, very long story but basically the bank cancelled my account with a negative balance and turned it over to chexsystems. I paid the bank back all their money + fees within 30-45 days. I pulled my chexsystems report and this is the only negative account reporting and it does state PAID.
I never have problems opening bank accounts. I have had an account at Wells Fargo, Bank of America, Washington Mutual, ED, HSBC and Capital One's online account and now I am with US Bank.
I have tons of banking experience I tried to open a Zions Bank MMA account. I'm sick of chasing rates and Zions Bank seems to be stable.
I went to the website, filled out the application and got a error message saying they would contact me shortly. About 3-4 days in the mail I got a letter saying I was declined due to Chexsystems.
chris13579
Member
posted: Feb. 19, 2008 @ 4:54p
Notation on my most recent statement: "Disclosure: Effective April 7, 2008, the minimum balance to earn interest on your Deseret Money Market Account will be $2,500."
Disappointing. The main reason I chose to open this account a few months ago was the low $1,000 minimum to earn a decent interest rate.
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