2. Universal Bank

Universal Bank


Overview / Commentary
www.universalbank.com
626-854-2818
3455 Nogales St., Suite 105
West Covina, CA 91792

Universal Bank is headquartered in West Covina and is the 100th largest bank in the state of California. It is also the 1,751st largest bank in the nation. It was established in 1954 and as of June of 2019, it had grown to 73 employees at 5 locations. Universal Bank's money market rates are 4X the national average, and it boasts an A+ health rating.

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Money Market Checking, 2.25% APY, Guaranteed Through 1/31/2020 - 9/28/2019

Limited time offer! From Now to January 31, 2020 Minimum Balance to Open $50,000.00 *Minimum of $10,000.00 must be new funds from other institutions 2.25% APY** Eligibility Requirements: *Universal Money Market Checking account, requires a minimum of $50,000.00 to open with $10,000.00 in new funds from another institution. Rate Information: **Must maintain an average daily balance of $50,000.00 to earn the Annual Percentage Yield of 2.25% (APY) and maintain a Checking Account. If an average daily balance falls below $50,000.00 or the qualifying checking account is closed the interest APY will revert to 0.10%. The Annual Percentage Yield is guaranteed until January 31, 2020. Rate may change after the guaranteed period. Fees could reduce the earnings on the account.

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Health
A+

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #30722
Year Established1954
Employees73
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.12%
Return on Equity - YTD0.84%
Annual Interest Income$7.8MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$403.1MM$364.9MM
LoansQ2 2019vs Q2 2018$314.4MM$296.6MM
DepositsQ2 2019vs Q2 2018$339.5MM$304.2MM
Equity CapitalQ2 2019vs Q2 2018$57.8MM$56.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$4.1MM$4.0MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$393.00K$61.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Money Market Checking, 2.25% APY, Guaranteed Through 1/31/2020

Carpline   |  
Limited time offer! From Now to January 31, 2020
Minimum Balance to Open $50,000.00
*Minimum of $10,000.00 must be new funds from other institutions
2.25% APY**
Eligibility Requirements: *Universal Money Market Checking account, requires a minimum of $50,000.00 to open with $10,000.00 in new funds from another institution.

Rate Information: **Must maintain an average daily balance of $50,000.00 to earn the Annual Percentage Yield of 2.25% (APY) and maintain a Checking Account. If an average daily balance falls below $50,000.00 or the qualifying checking account is closed the interest APY will revert to 0.10%. The Annual Percentage Yield is guaranteed until January 31, 2020. Rate may change after the guaranteed period. Fees could reduce the earnings on the account.
1

Rates
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Always verify rates and promotions with the bank or credit union. We are not Universal Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Universal Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$1-Young Savers
0.04%$100-ATM Savings

Universal Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%*$50k*-Universal Money Market Checking - New Money
OTHER TIERS: 0.10% → Up to $50k
0.15%*$50k*-Money Market Savings
OTHER TIERS: 0.05% → $1k - $2.5k | 0.10% → $2.5k - $50k
0.15%*$50k*-Money Market Checking
OTHER TIERS: 0.05% → $1k - $2.5k | 0.10% → $2.5k - $50k

Universal Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Business Interest Checking
OTHER TIERS: 0.10% → $100 - $1k | 0.15% → $1k - $10k | 0.25% → $10k - $100k
0.04%$2.5k-VIP Checking

Universal Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-2 Year CD
OTHER TIERS: 0.40% → $1k - $10k | 0.45% → $10k - $25k | 0.50% → $25k - $50k | 0.55% → $50k - $100k
0.60%$1k-3 Year CD
0.45%*$100k*-60 Day CD
OTHER TIERS: 0.25% → $1k - $10k | 0.30% → $10k - $25k | 0.35% → $25k - $50k | 0.40% → $50k - $100k
0.45%*$50k*-1 Year CD
OTHER TIERS: 0.25% → $1k - $10k | 0.30% → $10k - $25k | 0.40% → $25k - $50k
0.40%*$100k*-30 Day CD
OTHER TIERS: 0.20% → $1k - $10k | 0.25% → $10k - $25k | 0.30% → $25k - $50k | 0.35% → $50k - $100k
0.35%*$100k*-180 Day CD
OTHER TIERS: 0.15% → $1k - $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k | 0.30% → $50k - $100k
0.30%*$100k*-90 Day CD
OTHER TIERS: 0.10% → $1k - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k

Universal Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$25k*-18 Month IRA
OTHER TIERS: 0.60% → $100 - $10k | 0.70% → $10k - $25k
Locations


Universal Bank Locations
Eagle Rock - Colorado Branch2575 Colorado BoulevardLos Angeles, CA 90041
Universal Bank3455 Nogales Street, Suite 105West Covina, CA 91792
Arcadia Branch747 West Duarte RoadArcadia, CA 91007
W Garvey Abenue Branch404 S. AtlanticMonterey Park, CA 91754
Rosemead Branch3676 Rosemead BoulevardRosemead, CA 91770

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.