Your interest rate and annual percentage yield may change. At our discretion we may change the interest rate on your account daily. The interest rate on your account will never be less than 0.00%.
Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest is compounded quarterly and credited quarterly. If you close your account before the interest is credited, you will receive the accrued interest. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Minimum deposit to open account is $500. Minimum balance necessary to obtain annual percentage yield is $500.
We reserve the right to limit your aggregate deposit balances to $1,000,000 per taxpayer identification number.
Please be aware that you will be leaving UmbrellaBank.com and accessing a new website from another party. Other sites are not subject to or covered by the the privacy and security policies of UmbrellaBank.com. We encourage you to read the privacy and security policies of the site you are entering.