Rates
September 26, 2007
Checking and Savings Account
Account Type | Minimum Opening Deposit(1) | Minimum Balance to Obtain APY(2) | Annual Percentage Yield(4) | Interest Rate(3) |
Checking with Interest | $100.00 | $0.01 | 0.75% | 0.75% |
Regular Savings | $100.00 | $0.01 | 1.26% | 1.25% |
Money Market Savings | $100.00 | $0.01 to $999.99 $1,000.00 to $9,999.99 $10,000.00 and over |
1.26% 2.27% 2.52% |
1.25% 2.25% 2.50% |
Regular Certificates of Deposit
Minimum Balance to Open $1,000.00 Balances from $1,000.00 to $99,999.99 |
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Terms | Annual Percentage Yield (4) | Interest Rates |
6 Months | 4.73% | 4.65% |
12 Months | 4.78% | 4.70% |
24 Months | 4.73% | 4.65% |
36 Months | 4.73% | 4.65% |
Package 55 Account
Terms | Annual Percentage Yield (4) | Interest Rates | |
Checking with Interest | 0.75% | 0.75% | |
Package Savings | |||
Under $10,000.00 | 2.68% | 2.65% | |
$10,000.00 or more | 2.78% | 2.75% | |
Package CDs | |||
6 Months | 4.99% | 4.90% | |
12 Months | 5.04% | 4.95% | |
24 Months | 4.99% | 4.90% | |
36 Months | 4.99% | 4.90% |
We have attractive rates on Jumbo Certificates of Deposit and other savings products. Call our New Accounts Representatives at 936-348-2711 for additional rates and terms.
Important Note: This document is to be used in conjunction with other disclosure information about your accounts. Annual Percentage Yield (APY) is a percentage rate reflecting the total amount of interest paid on an account, based on the interest rate and the frequency of compounding for a 365/366 day period. Additional Certificate of Deposit terms, corresponding APYs and interest rates are available upon request.
(1) The stated "Minimum to Open" an account may not meet the minimum balance to waive monthly service charges.
(2) The minimum balance to obtain the APY is determined using the daily balance method. That is, in order to earn the stated rate, the balance amount indicated must be maintained each day during the interest payment period.
(3) All accounts listed except Certificates are variable rate accounts. As such, the interest rate may change at any time. Fees could reduce the earnings on these accounts.
(4) The APY assumes that all interest will remain on deposit until maturity. If interest is withdrawn prior to maturity, earnings will be reduced.
Certificates of Deposit will calculate the interest due on the Certificate based on a year of 365/366 days. Interest begins to accrue on the business day you make your deposit. Interest will be paid on your Certificate of Deposit at the time indicated on your receipt, or if not indicated on your receipt, interest will be held to maturity. The interest earned on the Certificate of Deposit of $10,000.00 or more may be compounded or credited to your account or paid to you by check monthly, quarterly, biannually or annually. Rates for Bankcard Services will be determined by UBC Bankcard Merchant Services. The interest earned on Certificates of Deposit of less than $10,000.00 may be compounded or credited to your account or paid to you by check quarterly, biannually or annually. The interest on Package 55 Certificates of Deposit may be compounded quarterly or credited to your account monthly, quarterly, biannually, annually or paid to you by check monthly, quarterly, biannually or annually. UNLESS OTHERWISE INDICATED ON YOUR RECEIPT, THE INTEREST RATE QUOTED ON YOUR RECEIPT IS A SIMPLE INTEREST RATE WITH NO COMPOUNDING (INCLUDING ANNUAL COMPOUNDING) FOR ALL CERTIFICATES OF DEPOSIT ( INCLUDING CERTIFICATES IN WHICH INTEREST IS HELD TO MATURITY). If compounding is indicated, we use the daily balance to calculate interest.