Universal Relationship Money Market Savings

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Limited time offer.

1.00% APY*

Eligibility Requirements: Universal Relationship Money Market Savings 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 $500,000.00.

Rate Information: *To earn the Annual Percentage Yield (APY) of 1.00%, customer must maintain an average daily balance of $50,000.00 in the Money Market Savings Account and $50,000.00 in one or more qualifying checking account(s) (excluding Money Market Checking Account) combined based on the previous month’s average daily balance.

If the average daily balance of $50,000.00 in the Money Market Savings Account is maintained and the qualifying checking account(s) (excluding Money Market Checking Account) maintains a balance of $10,000.00 to S49,999.99, the APY will be 0.85%. If the average daily balance falls below $50,000.00 or the previous month’s combined qualifying checking account(s) (excluding Money Market Checking Account) average daily balances fall below $10,000.00, the APY will revert to 0.10%. The APY may be subject to change. Fees could reduce the earnings on the account.

Transaction Limitations: As of 04/24/20, there is no limit of six-per-month convenient transfers and withdrawals on a “savings account.” However, there is a minimum of three (3) transactions per month on all qualifying checking accounts excluding account-to-account transfer and Money Market Checking Account. A $25.00 service fee will be assessed if the required three (3) transactions per month are not met on qualifying checking account(s).

Fees and Charges: Fees and Charges: Please refer to Universal Bank’s Schedule of Fees and Charges.