1. The Annual Percentage Yield (APY) is accurate as of . The interest rate and corresponding APY for savings and money market accounts are variable and are set at our discretion. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.
2.UFB Direct uses the daily balance method to calculate the interest in your account. This method applies a daily periodic rate to the daily collected balance in your account. The Collected Balance is the balance of all deposits in your account on which we have received credit for the deposited funds (determined by the availability schedule of our Federal Reserve Bank for non-cash items). All Checking and Savings accounts are variable rate accounts. Time Deposit rates are fixed for the term of the certificate. Time Deposits require a substantial penalty for early withdrawal. Please refer to the Deposit Account Agreement and Disclosure for further information.
3. Federal regulations limit certain types of transfers from a money market or savings account to a combined maximum of six per month. If transfers exceed this limit more than occasionally, we will convert the account to a type not subject to transfer limits or close the account. A fee is assessed for each excess transfer paid against the account. See our Deposit Account Agreement and Disclosures for details.