1. Federal regulations limit certain types of transfers from a money market or saving account to a combined maximum of six per month. If the limit is exceeded, an excess fee for each withdrawal or transfer over the limit will be assessed. 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. See our Deposit Account Agreement and Disclosures for details.
2. The Annual Percentage Yield (APY) is accurate as of . The interest rate and corresponding APY for savings is a variable tier structure and is set at our discretion. Tier one structure of $0- $19,999.99 earns 0.20% APY. Tier two structure of $20,000 and above earns 1.00% APY. Interest rates may change as often as daily without prior notice. Fees may reduce earnings. We will use the daily balance method to calculate the interest on your account. Interest will begin to accrue on non-cash items (for example, checks) no later than the business day we receive credit for non-cash items deposited. Interest for savings accounts is compounded daily and credited to your account on your monthly statement cycle date.
3. 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.