Urban Partnership Bank online savings account
Category: Bank Deals, CD Rates, Savings Account Rates- fhuff- 9:16 am/ July 25, 2011Urban Partnership Bank has a savings rate of 1.05 percent annual percentage yield (APY) for balances of $100,000 and up. Balances below $100,000 earn a savings rate of 1 percent APY for the online savings account. Details of the bank deal include:
- $1 minimum monthly deposit
- No monthly fees
- No fees for transfers to and from other banks
- 24-hour online banking
- Limit of six bank-to-bank funds transfers each month
- Direct deposit is available
- Electronic statements
- Insured by the Federal Deposit Insurance Corp. (FDIC)
The bank also has competitive CD rates for various terms. Currently, the bank has CD rates for deposits under $100,000 of 1.16 percent APY for 18 months, 1.46 percent APY for 30 months and 2.42 percent APY for 60 months. Deposits over $100,000 can earn CD rates of 1.31 percent APY for 2 years, 1.71 percent APY for 3 years and 2.52 percent APY for 5 years. Other rates and terms are available, including jumbo CD rates. To open a certificate of deposit you need a minimum of $1,000.
Urban Partnership Bank is a full-service, certified community development financial institution that was established in August 2010. It serves individuals and organizations in distressed communities in Chicago, Cleveland and Detroit.

