- Linked to free U-Earn account
- 0.54% APY* on U-Save daily balances up to $10,000 if qualifications are met
- 0.54 - 0.18% APY on daily balances over $10,000 depending on balance in the account and if qualifications are met*
- 0.01% APY* if qualifications are not met on U-Earn
- No monthly service charge
- No minimum balance requirement after account opening
- Free Online Banking
- $10 deposit to open
Your U-Save account can be paired with a U-Earn account, so rewards can be automatically transferred over each month. Just meet the qualifications for U-Earn, then sit back and see your savings grow. Of course, you can add your own deposits to it at any time!
Qualifying for U-Earn rewards automatically qualifies you for the best U-Save rate too! Simply meet the following U-Earn requirements each monthly statement cycle:
- Debit Cards: Have at least 10 debit card purchases post and settle to your U Earn account
- Direct Deposit or ACH: Have at least one direct deposit or one automatic payment (ACH) post and settle to your U Earn account
- Electronic Statement: Customers must enroll account(s) in Electronic Statements through Online Banking
And if you miss a statement cycle, don't worry! Both accounts are still free and earn our base interest rate. The next cycle you qualify, you will get right back to enjoying the added benefits.
Effective Date: Wednesday, April 1, 2020
|Don't Meet Qualifications||0.01%||0.01%|
|$0 - $10,000.00||0.54%||0.54%|
|Over $10,000.00||0.14%||0.54% - 0.18% depending on balance in the account and if qualifications are met|
Rates may change after account opening. $10.00 Minimum balance required to open the account. Fees may reduce earnings. You must be enrolled for and receive monthly eStatement notification to have this account.
*The minimum to open U-Earn account is $50. APY = Annual Percentage Yield. APYs accurate as of 11/1/2019. Rates may change after account is opened. For U-Earn, if qualifications are met each monthly statement cycle: (1) balances up to $10,000 receive APY of 0.64%, and balances over $10,000 earn 0.14% interest rate on portion of balance over $10,000, resulting in (2) 0.64% - 0.19% APY depending on the balance. If qualifications are not met on U-Earn, all balances earn 0.01% APY. Qualifying transactions must post to and settle U-Earn account during monthly statement cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. The advertised U-Earn APY is based on compounding interest. U-Earn checking interest earned will be posted directly to associated U-Save account and does not compound. Actual interest amount paid may be less than advertised U-Earn APY. When monthly qualifications are met during the statement cycle ATM fees incurred on your U-Earn account during that cycle will be refunded up to $25. ATM receipt must be presented for refund of an ATM fee greater than $5.00. If qualifications in U-Earn are met each monthly statement cycle: (1) balances up to $10,000 in U-Save receive an APY of 0.54%; and (2) balances over $10,000 in U-Save earn 0.14% interest rate on portion of balance over $10,000, resulting in 0.54% - 0.18% APY depending on the balance. If qualifications are not met on U-Earn, all balances in U-Save earn 0.01% APY. The minimum to open a U-Save is $10. The U-Save APYs may be less than U-Earn APYs. Transfers between accounts do not count as qualifying transactions. ATM-processed transactions do not count towards qualifying debit card transactions. Fees may reduce earnings.