Urban Partnership Bank invites consumers to take advantage of their high yield savings account called Online Savings account. The bank has the following current savings account rate:

• $1 to $99,999                       1.00% APY
• $100,000 and above              1.05% APY

This money in the bank deal requires an initial deposit of $50 to open an account. This high interest savings account does not require a minimum balance after opening an account. You can also make unlimited deposits on to your account any time for fee. The bank allows you to make 3 free withdrawals each month over the counter. In case you exceed you will then have to pay $4 fee for every withdrawal that you make.

In addition, the bank also allows you to make up to 6 transfers, 3 of which can be done through electronic debits and the other 3 can be by draft or other methods. This best savings account also has the following features like free overdraft protection, free online banking, and free telephone banking. Please be reminded also that the interest rate of this savings account may change anytime without prior notice.

Since this is an Online Savings account, you will be required to complete their application online to open an account. Make sure to have a valid picture identification ready since you will be required to send a copy to the bank. You also need to mail in a check which will be deposited on to your account. For further questions about their application requirements or current savings account rate you may call customer service line at 773-420-5050 or 800-905-7725.

Urban Partnership Bank has several branches located in the cities of Chicago, Stone Park in the state of Illinois. They also have a branch in Cleveland, Ohio and Detroit, Michigan.

The bank started serving its customers in the urban communities in August of 2010. Currently, they have already grown to have over 1.4 billion in declared assets. Urban Partnership Bank is also registered with the Federal Deposit Insurance Corporation and has an FDIC certificate number 59051.