Personal Banking Accounts

Personal Banking Accounts

University Bank is committed to providing the people and businesses of Washtenaw County with the best banking services available, and the community support you deserve from your bank. Explore our product details below and use the “open account” button within each description to open your account today!!

Personal Checking Accounts

  • Minimum opening balance $100
  • No minimum monthly balance
  • No monthly service charge
  • Unlimited check writing
  • Accessible by ATM or MasterCard® Debit Card
  • University Bank has teamed up with Allpoint, an ATM network that gives you access to over 55,000 ATM’s worldwide.
  • Minimum opening balance $500
  • Minimum monthly average balance to avoid fee is $500
  • $6 monthly fee assessed if the daily average balance falls below $500
  • Unlimited check writing
  • Accessible by ATM or MasterCard® Debit Card
  • Allpoint network offers surcharge free options
  • Earns Interest

ALLPOINT ATM: Notice to Cardholders of Member Institutions: If the surcharge screen appears during your Allpoint ATM transaction, press “yes” to accept the surcharge and proceed with your withdrawal. You will not be charged the surcharge or Allpoint will refund your money. Some locations may have more than one ATM, not all of which participate in the Allpoint network. Please make sure to check the ATM you are using for the Allpoint logo to ensure it is the correct one.

Personal Savings Accounts

  • Minimum opening balance $25
  • No minimum monthly balance
  • No monthly service charge
  • Interest bearing
  • Accessible by ATM Card
  • University Bank has teamed up with Allpoint, an ATM network that gives you access to over 55,000 ATM’s worldwide.
  • Minimum opening balance is $2500
  • Monthly service charge of $6 applies is daily average balance falls below $2500
  • Earns interest and offers tiers for higher earnings based on balance
  • Terms from one to five years
  • $1000 minimum opening balance
  • Fixed rate for the term
  • May receive interest by compounding
  • Minimum opening balance is $2500
  • 10 calendar day grace period at maturity
  • Interest is also available via internal transfer

Consumer Lending

  • Typically 15-year term with principal and interest payment throughout the term
  • Fees are cost of title, flood, credit report & AVM. With up to a $995.00 origination fee. (depends on loan amount)
  • Rates for these are Fixed and are 740 and above= 7.74%, 700-739=7.99% & 660-699=8.24%
  • 15-year term with a 5-year draw period and a 10-year repayment
  • Interest only payments during draw period and principal and interest during the repayment period
  • Fees are cost of title, flood, credit report & AVM. With a $250.00 origination fee

·       *Rates are based on score= 740 and above=P+1%, 700-739= P+2%, 660-699 P+3%.

  • Typically set up as 6-month temporary financing. Used typically to get the equity out of their existing home to purchase another home.
  • Interest-only payments (interest rate depends on credit score)*
  • Fees are cost of title, flood, credit report & AVM. With a 1% origination fee

*Rates are based on score= 740 and above=P+1.5%, 700-739= P+2.5%, 660-699 P+3.5%.

University Bank also offers:

  • Automobile Loans
  • Recreational Vehicles (Boats, Motorcycles, RV’s etc.)
  • Personal Loans
  • Credit Cards (Visa®)

Want to Learn More?

For current rates or to open an account please call the Branch,

(800) 368-7987