Ultimate Savings

What does it take for a savings account to be ultimate? How about one that builds your savings for you? Ultimate Savings is a free account that does exactly that.


The account is linked to your free Ultimate Checking account. The 2.43% APY* and ATM fee refunds* you earn from Ultimate Checking are automatically transferred to Ultimate Savings. What's even better is that Ultimate Savings earns a rate way above the national savings average. In a word…ultimate!

Summary
  • Linked to free Ultimate Checking account
  • Automatic transfer of earnings from Ultimate Checking: up to 2.43% APY* and nationwide ATM fee refunds*
  • No monthly service fee
  • No minimum balance to earn rewards
  • 0.85% APY* on balances up to $25,000 when qualifications are met
  • 0.65% interest rate on amount of balance over $25,000 (resulting in 0.69% to 0.85% APY on balances over $25,000 depending on balance in account)*
  • 0.05% APY* on entire balance if qualifications aren't met
  • Free online banking
  • Free online statements available
  • Free ATM card
  • Free telephone banking
  • $100 minimum deposit to open
  • FDIC insured

Qualifications

By qualifying for Ultimate Checking, you automatically qualify for Ultimate Savings too. To earn your rewards, simply do the following transactions and activities in your checking account each monthly qualification cycle:


  • Have at least 12 debit card purchases post and settle
  • Have at least one direct deposit or automatic payment (ACH) post and settle
  • Be enrolled and receive your bank statements online

Best of all, even if you don't qualify, there's no punishment or loss of your account. Your Ultimate accounts are still completely free and will earn the base rate of 0.05% APY* on all balances. You can get right back to earning the full rewards the very next monthly qualification cycle.


Disclosure

And now, since our lawyers say we have to include an official disclosure, we present the same information in legalese.


*APY=Annual Percentage Yield. APYs accurate as of 3/22/14. Rates may change after account is opened. Minimum to open is $100 for Ultimate Checking and $100 for Ultimate Savings. For Ultimate Checking, if qualifications are met each monthly qualification cycle: (1)ATM fees incurred using Ultimate Checking debit card during qualification cycle will be reimbursed up to $25 and credited to account on the last day of monthly statement cycle; (2)If your daily balance is $15,000 or less, the interest rate paid on the entire balance will be 2.40% with an annual percentage yield of 2.43%; and (3)An interest rate of 0.65% will be paid only for that portion of your daily balance that is greater than $15,000. The annual percentage yield for this tier will range from 0.88% to 2.43%, depending on the balance in the account. When the Ultimate Checking qualifications are not met, the interest rate on your account will be 0.05% and the annual percentage yield will be 0.05%. Qualifying transactions must post to and settle to your Ultimate Checking account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle to your account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Ultimate Checking APY is based on compounding interest. Interest earned in Ultimate Checking is automatically transferred to Ultimate Savings each statement cycle and does not compound. Actual interest amount paid may be less than advertised Ultimate Checking APY. The Ultimate Savings APYs may be less than Ultimate Checking APYs. If qualifications in Ultimate Checking account are met each monthly qualification cycle: (1)If your daily balance is $25,000 or less, the interest rate paid on the entire balance will be 0.85% with an annual percentage yield of 0.85%; and (2)An interest rate of 0.65% will be paid only for that portion of your daily balance that is greater than $25,000. The annual percentage yield for this tier will range from 0.69% to 0.85%, depending on the balance in the account. When the Ultimate Checking qualifications are not met, the interest rate on your Ultimate Savings account will be 0.05% and the annual percentage yield will be 0.05%. Fees may reduce earnings. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.

Ultimate Savings