Universal Money Market Checking

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Personal Banking

Limited time offer! From Now to January 31, 2020

Minimum Balance to Open $50,000.00
*minimum of $10,000.00 must be new funds from other institutions

2.25% APY**

Eligibility Requirements: *Universal Money Market Checking account, requires a minimum of $50,000.00 to open with $10,000.00 in new funds from another institution.

Rate Information: **Must maintain an average daily balance of $50,000.00 to earn the Annual Percentage Yield of 2.25% (APY) and maintain a Checking Account.  If an average daily balance falls below $50,000.00 or the qualifying checking account is closed the interest APY will revert to 0.10%.  The Annual Percentage Yield is guaranteed until January 31, 2020. Rate may change after the guaranteed period. Fees could reduce the earnings on the account.

Transaction Limitations: You may make an unlimited number of transfers and withdrawals via ATM or teller. However, federal law states that within a monthly service cycle, you may not exceed a combined total of 6 withdrawals or transfers using methods such as: Checks or electronic payments (such as bill pay) to a third party, Overdraft protection transfers, Transfers to an account at another institution, and Online banking or phone transfers between accounts.

Excessive Activity Fee: $10.00 per item will be assessed when you have exceeded six (6) pre-authorized transfers or withdrawals per statement cycle. Please note that if you exceed this limit 3 times in 12 months, your account may be closed or converted to a transaction account.

Fees and Charges: A monthly maintenance fee of $25.00 will be imposed if the average daily balance falls below $50,000.00 during the statement cycle. Please refer to the Universal Bank Schedule of Fees and Charges for a list of fees and services and the Truth in Savings Disclosure for account terms and conditions.