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RATES IN EFFECT AS OF: Sunday, April 6, 2025
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We use two terms to explain how much interest we pay on your deposit accounts.
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Interest Rate: Annualized percentage rate we pay on your account, and does not reflect compound interest, which is any interest paid on interest you've earned.
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Annual Percentage Yield (APY): Annualized percentage rate we pay on your account and includes compound interest. APY may be higher than the Interest Rate due to compound interest.
Interest is compounded and credited monthly based on the daily collected balance.
Interest rates are variable and determined daily at Universal Bank's discretion. Rates are subject to change without notice. Balance tiers are applicable as of the effective dates of these rates and may change at Universal Bank’s discretion.
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| SAVINGS ACCOUNTS (INTEREST IS COMPOUNDED AND PAID MONTHLY) |
| Business Savings |
| Balance |
Interest Rate |
APY |
| $0.01+ |
0.039% |
0.04% |
| CERTIFICATE OF DEPOSIT (CD) |
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Interest is compounded daily and you may choose to have interest paid on your CD, depending on the term, either monthly, quarterly, semiannually or annually and at maturity. The APY is based on upon the maximum term of deposit for each maturity range. There is a penalty for early withdrawal. In the below chart, term change occurs when a CD matures and you change your CD term as part of renegotiation.
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| Term |
Balance |
Interest Rate |
APY |
| 30 Days |
$1,000-$49,999
$50,000+
|
0.0499%
0.0999%
|
0.05%
0.10%
|
| 60 Days |
$1,000-$49,999
$50,000+
|
0.0999%
0.1998%
|
0.10%
0.20%
|
| 90 Days |
$1,000-$9,999
$10,000-$24,999
$25,000-$49,000
$50,000-$99,999
$100,000+
|
0.0999%
0.1499%
0.1998%
0.2497%
0.2996%
|
0.10%
0.15%
0.20%
0.25%
0.30%
|
| 180 Days |
$1,000-$9,999
$10,000-$24,999
$25,000-$49,000
$50,000-$99,999
$100,000+
|
0.1499%
0.1998%
0.2497%
0.2996%
0.3494%
|
0.15%
0.20%
0.25%
0.30%
0.35%
|
| 270 Days |
$1,000-$9,999
$10,000-$24,999
$25,000-$49,000
$50,000-$99,999
$100,000+
|
0.1998%
0.2497%
0.2996%
0.3494%
0.3993%
|
0.20%
0.25%
0.30%
0.35%
0.40%
|
| 1 Year |
$1,000-$9,999
$10,000-$24,999
$25,000-$49,000
$50,000+
|
0.2497%
0.2996%
0.3993%
0.4491%
|
0.25%
0.30%
0.40%
0.45%
|
| 2 Years |
$1,000-$9,999
$10,000-$24,999
$25,000-$49,000
$50,000-$99,999
$100,000+
|
0.3993%
0.4491%
0.4989%
0.5486%
0.5981%
|
0.40%
0.45%
0.50%
0.55%
0.60%
|
| 3 Years |
$1,000+
|
0.5981%
|
0.60%
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