Business Savings Accounts
Like all our deposit products, our savings options are designed to maximize the cost-saving and convenient features of Online Banking. The following products are priced with these benefits in mind.
We do not have a minimum balance requirement to open an account to provide you with the flexibility you need right from the start. Every statement cycle includes unlimited free electronic withdrawals and two free manual withdrawals, with additional available for $1.00 per additional withdrawal.
Accounts also come with free online access, with free Direct Deposit services and free Mobile Deposit services (excluding UBM Direct Savings). We also do not charge service or closing fees to provide you with an account that is both simple and cost-effective.
Contact Us Browse Accounts Current Rates
Commercial Savings
A Commercial Savings account from Ultima Bank requires no minimum balance and has no service charges when managed electronically. It is available to individuals, businesses, non-profits, and public service organizations. Interest begins accruing on day of deposit. It is calculated daily based on your available balance and compounded quarterly before being credited to your account. The interest rate is variable and may change without notice. Fees could reduce earnings.
Ultima Savings
Ultima Savings is available to any individual, business, farm operation, non-profit or public service organization. Interest accrual begins on day of deposit. Interest is calculated daily based on your available balance, then compounded and credited to your account quarterly. Its attractive rates and annual percentage yields (APY) are subject to change without notice and tiered according to your available balance. Fees could reduce earnings.
UBM Direct
UBM Direct Savings offers our most competitive rate with the convenience of full online access. This attractive rate is possible because the account is entirely electronic and managed by you online. To use UBM Direct Savings, you must have a checking account at any U.S.-chartered financial institution to transfer funds electronically to and from your savings account.
Interest begins accruing on day of deposit. It is calculated daily based on your available balance and compounded monthly before being credited to your account. The interest rate is variable and may change without notice. Fees could reduce earnings.
- A $10 service charge applies if your balance falls below $1,000 during the month
- A $25 fee applies if the account is closed within the first 90 days of opening.
Get the Right Savings Account Today
| Account Type | Interest | Minimum to Open | Minimum Balance to Earn Interest | Account Restrictions |
|---|---|---|---|---|
| Commercial Savings | Yes | $0 | $0 | None |
| Ultima Savings | Yes | $0 | $0 | None |
| UBM Direct Savings | Yes | $0 | $1,000 | Online only $1,000 minimum to avoid service charge Learn more & sign up: UBM Direct Savings Account |