Ultimate Savings
What does it take for a savings account to be ultimate? How about one that builds your savings for you. Out of thin air. Really...deposits are made even without a penny of your own money.
The account is linked to your free Ultimate Checking account. The massive 3.04% APY* and ATM fee refunds you earn there are automatically deposited here. What's even cooler is they earn even more interest at 1.51% APY*. In a word…ultimate!
- Summary
- No monthly service charge
- No minimum balance to earn rewards
- 1.51% APY* on balances up to $25,000 when qualifications are met
- 1.00% APY* on amount of balance over $25,000 when qualifications are met
- 0.05% APY* if simple qualifications aren't met
- Automatic deposit of earnings from Ultimate Checking: 3.04% APY* and nationwide ATM fee refunds*
- Free online banking
- Free online statements available
- Free ATM card
- Free telephone banking
- $100 minimum deposit to open
- FDIC insured
By qualifying for Ultimate Checking you automatically qualify for Ultimate Savings too.
- Have at least 12 debit card purchases post and clear each monthly qualification cycle
- Have at least one direct deposit our automatic payment each monthly qualification cycle
- Receive your bank statements online each monthly qualification cycle
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.
And now, since our lawyers say we have to include an official disclosure, we present the same information in legalese.
*Annual Percentage Yield (APY) accurate as of 08/15/11. Minimum to open Ultimate Checking is $100 and Ultimate Savings is $100.
Rate splits for Ultimate Checking are as follows: 3.04% APY applies to balances of $.01 - $25,000 and 1.00% APY applies to balances over $25,000 as long as qualifications are met each monthly qualification cycle. Qualifications are as follows: 1) Have at least 12 debit card purchases that post and clear, 2) Have at least one direct deposit or ACH auto debit that post and clears, and 3) Receive eStatements. 0.05% APY applies to all balances if qualifications are not met. All balances will earn 3.04% - 1.00% APY as long as qualifications are met.
Rate splits for Ultimate Savings are as follows: 1.51% APY applies to balances of $.01 - $25,000 and 1.00% APY applies to the portion of balances over $25,000 as long as qualifications are met on Ultimate Checking. All Savings balances will earn 1.51% - 1.00% APY as long as qualifications are met. 0.05% APY applies to all Savings balances if qualifications are not met.
The advertised Ultimate Checking APY is based on compounding interest. The interest earned in Ultimate Checking is automatically transferred to Ultimate Savings each statement cycle and does not compound. The actual interest paid may be less than the advertised APY. The Ultimate Savings APYs may be less than the Ultimate Checking APYs. Qualifying transactions must post and clear Ultimate Checking during monthly qualification cycle.
Rates may change after the accounts are opened. Fees may reduce earnings. Qualifying transactions must post and clear to the account during the monthly qualification cycle. Transactions may take one or more banking days from the date the transaction was made to post to an account. Intra-bank transfers do not count as qualifying transactions. No minimum balance required. No monthly service charge. Available to personal accounts only. ATM fee refunds up to $25 per cycle when qualifications are met.
