Universal Relationship Money Market Checking

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Personal Banking

Limited time offer.

0.85% APY*

Effective April 29, 2020

Eligibility Requirements: Universal Relationship Money Market Checking account requires a minimum of $50,000.00 to open with $50,000.00 in new funds from another institution. The maximum deposit balance is $500,000.

Rate Information: *To earn the Annual Percentage Yield (APY) of 0.85%, customer must maintain an average daily balance of $50,000.00 and $10,000.00 or more on all checking accounts combined based on the previous month’s average daily balance. If the average daily balance falls below $50,000.00 or the previous month’s combined checking account average daily balances fall below $10,000.00, the APY will revert to 0.10%. The Annual Percentage Yield (APY) may be subject to change. 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.


Please note that transaction limits apply for this type of account. Click here to learn more.