Summary: Accordia Bank is a Utah-based group bank previously recognized as CCBank (Capital Community Bank). The establishment dates to 1993 and just lately rebranded as Accordia Bank. However, the rebrand did not change its possession, management, bank constitution, or FDIC protection. Accordia presents both personal and business banking. It operates bodily bank branches in Utah, but some deposit merchandise are out there nationwide online.
Accordia Bank shopper product overview
Personal Checking
The checking account from Accordia Bank comes with no month-to-month charges. A minimal deposit of $25 is required to open an account; there is a $5,000 minimal stability required to earn curiosity, which is presently 0.2% APY.
High-yield financial savings account (HYSA)
Accordia presents a high-yield financial savings account that presently earns 4% APY for all clients outside of Utah. That’s more than 10 instances greater than the national average price for financial savings accounts. However, Utah residents have the alternative to earn an even greater price of 5% APY with the “Rebrand Boost” of 1% APY through January 31, 2027. A minimal opening deposit of $100 is required.
Money Market Account
Accordia’s money market account requires a $1,000 minimal opening deposit and makes use of a tiered APY construction, that means bigger balances earn greater charges. The account also permits clients to transfer funds by verify or digital switch and handle the account through 24/7 digital banking.
Health Savings Account (HSA)
Accordia’s HSA is a health financial savings account designed to help eligible clients save and pay for certified healthcare bills with tax benefits. There is no month-to-month HSA administration charge, and the account comes with a debit card plus cellular and web access for managing the account. Once the HSA stability reaches $1,000, account holders have the capacity to invest their funds.
Certificates of deposit (CDs)
Accordia presents CDs with phrases ranging from six months to 60 months, all with aggressive rates of interest up to 4.3% APY. A minimal deposit of $1,000 is required to open an account.
Loans:
Accordia Bank presents several varieties of shopper financing:
-
Term loans: Fixed-rate personal loans are out there for makes use of such as debt consolidation, home repairs, and main purchases.
-
Auto loans: Financing for new and used automobiles, with a $5,000 minimal loan quantity.
-
HELOCs: Home equity traces of credit are out there for renovations, giant purchases, training bills, sudden prices, and debt consolidation.
-
Mortgages: Accordia’s mortgage division presents standard, FHA, VA, construction, and specialised skilled mortgages, as properly as refinancing choices. It also presents residential construction loans.
Accordia Bank execs and cons
Pros:
-
Competitive deposit account charges: Accordia Bank’s HYSA and CD charges are amongst the highest out there on the market at present.
-
Low minimal deposits: You do not need 1000’s of {dollars} to open an account at Accordia Bank; the highest minimal required is $1,000 for CDs.
Cons:
-
Highest HYSA price only out there to Utah residents: Customers who stay outside of Utah aren’t ready to take benefit of Accordia’s limited-time price enhance. However, the base price for its HYSA is still a extremely aggressive 4% APY.
Customer service and cellular banking expertise
Accordia Bank presents several methods to get help, including cellphone, e-mail, online chat, a contact kind, and in-person service at its Utah branches. Customer care representatives are out there Monday through Friday from 9 a.m. to 5 p.m. Mountain Time.
Accordia presents a full-service cellular app for iOS and Android. Customers can view balances and transactions, deposit checks, switch money, pay payments and loans, view eStatements, handle debit playing cards, set account alerts, and replace personal data. However, the app’s rankings are pretty modest. It presently has 3.7 out of 5 stars from 45 rankings in Apple’s App Store and 3.8 stars from 17 opinions on Google Play.
Accordia Bank tackle and cellphone quantity
The cellphone quantity for Limelight Bank is 801-772-0800.
It’s essential department is situated at the following tackle:
Accordia Bank
1909 W. State Street
Pleasant Grove, UT 84062
Accordia Bank FAQs
Is Accordia Bank FDIC-insured?
Yes, Accordia Bank is FDIC-insured up to federal limits.
What is Accordia Bank’s routing quantity?
The routing quantity for Limelight Bank is 124302927.
Is Accordia Bank a reputable bank?
Yes. Accordia Bank is a reputable, regulated U.S. bank. It is the new model title of CCBank, a Utah group bank that traces its historical past to 1993.
Where is Accordia Bank situated?
Accordia’s headquarters are in Pleasant Grove, Utah.