|APY (Annual Percentage Yield)||0.01% - 0.13%|
|APY Minimum Balance||$0.01|
|Minimum Initial Deposit||N/A|
Union Bank MoneyMarket Account Review
Union Bank MoneyMarket Account is offered by MUFG Union Bank, a bank founded in 1864 and based in Spring Valley, CA. Union Bank MoneyMarket Account is available in 50 states (and Washington, DC).
Are money market accounts from MUFG Union Bank federally insured?
Yes, your MUFG Union Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #22826). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What are the Union Bank MoneyMarket Account rates?
Union Bank MoneyMarket Account offers an APY starting at .01% and ranging up to .13% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $.01.
|APY (Annualized Percentage Yield)||.01% - .13%|
What are the Union Bank MoneyMarket Account fees?This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $2,500. MUFG Union Bank will charge you a $15 fee if you exceed your maximum number of monthly transactions.
Federal regulations limit the number of transactions you can make from your money market account to six per month.
|Monthly Fee||up to $10|
|Paper Statement Fee||N/A|
|Excess Transaction Fee||$15|
What is the minimum balance for Union Bank MoneyMarket Account?
No minimum initial deposit. MUFG Union Bank does not require a minimum initial deposit to open an account.
Monthly maintenance minimum balance of $2,500. You can avoid the monthly fee if you keep a minimum balance $2,500.
Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.
What features and perks does Union Bank MoneyMarket Account offer?
This account does not seem to offer any of the features and perks we track.
How to open an account with MUFG Union Bank
- Visit the MUFG Union Bank website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
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