Personal Savings Accounts at Ultima Bank
Whether you're saving for a rainy day, a dream vacation, or your child's future, Ultima Bank makes it simple to reach your goals. We offer a variety of savings accounts designed to fit your life, each with competitive interest rates, secure access, and digital tools that keep you in control. From basic savings for everyday needs to high-yield accounts that maximize your earnings, you’ll find an option that works for you. All of our savings accounts include:
- Free Online Banking
- Mobile App Access
- eDeposit (except UBM Direct)
- Direct Deposit
- No service charges
- No minimum deposit amount
- Free electronic withdrawals (manual withdrawals: 2 free per cycle, $1.00 each thereafter)
Start saving smarter today because at Ultima Bank, your goals deserve more than just a place to grow; they deserve a partner who helps you achieve them. Visit any of our locations today to open your savings account and start on the road to financial freedom.
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Key Features Across All Accounts
- Interest accrues starting day of deposit
- Interest is calculated daily based on available balance
- Rates are variable and may change without notice
- Fees may reduce earnings
- No account closing fee (except UBM Direct)
SMART Savings Details
- Designed for children and teens under 18
- Interest rate: 2.5% below Prime Rate (floor: 2%, ceiling: 5%)
- Penalty: 6 months of interest if withdrawn before age 18
- Converts to Regular Savings at age 19
- Must be opened in person at a UBM location
Savings Account Options
| Account Type | Interest | Minimum to Open | Minimum to Earn Interest | Ideal For | Special Features |
|---|---|---|---|---|---|
| Personal Savings | Yes | $0 | $0 | General savings needs | No minimum balance |
| Ultima Savings | Yes | $0 | $0 | Customers seeking higher interest rates | Tiered Rates |
| SMART Savings | Yes | $100 | $0 | Children and teens under 18 | No fees High interest |
| UBM Direct Savings | Yes | $0 | $1,000 | Customers seeking higher interest rates in fully electronic account | Online only $1,000 minimum to avoid service charge Learn more & sign up: UBM Direct Savings Account |