Purepoint MUFG Union:
Online Savings Account - 0.40% APY

• Online account management system allows customers to initiate free bank-to-bank electronic funds transfers on amounts up to $250,000.
• Up to 10 bank accounts at other banks may be linked.
• Account may be set up for personal trusts.
• No ATM Access.
• No monthly account fees.


Fee and Feature Guide

Savings Account
Interest Rate
APY 0.40%
Minimum deposit amount $10,000.00
Maximum deposit amount N/A
Balance Requirements
Minimum Opening Deposit $10,000.00
Minimum Balance to Avoid Fees $0.00
Minimum Required Balance $10,000.00
Fees
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee N/A
Incoming Wires N/A
Statements
Paper Statements ×
Online Statements Yes
Online and Telephone Banking
Online Banking Yes
Telephone Banking Yes
Mobile Banking Yes
Deposit Checks with Mobile Device Yes
Free Bill Pay ×
Online Bill Payments Required Yes
Account Opening
Open Online Yes
Insured by F.D.I.C.

Customer Reviews for Purepoint MUFG Union (32)


  • May 20, 2021 |

    Online Savings Rates

    Lost in all of these reviews is that Purepoint is the bank that let's you have tons of corresponding accounts to which you can ACH money (their limit is something like 10). So, if you want to play this game of earning more than you can get by leaving your money with Goldman Sachs, Morgan Stanley, Chase (and it is a game worth playing) and having FDIC insurance at all of them, Purepoint is basically the first account you should open as it enables you to get large amounts of cash fast in and out of the smaller banks.

  • February 28, 2020 |

    Online Savings Rates

    Purepoint is great. Only Citizens Access is better and I've had all of these. I have nothing to gain by saying this, but I would opt for Purepoint when the rates are comparable.

  • February 25, 2020 |

    Online CDs 13 Month Rates

    I've been using Purepoint for a couple years now never had a problem. Rates always seem to stay in the top 25% of online banks. No problem getting through to customer service and the quickest transfers I've found with online banks. I would recommend.

  • December 19, 2019 |

    Online Savings Rates

    I have a lot of money with Purepoint and they really won my business the last several years with nice X-Mas presents and birthday presents. Once it was nice teas, one it was coffee and once it was chocolates. My favorite was liquor infused gummies. It made me feel that my business was appreciated in a way that it isn't by the other online banks. This year I received only an email labelled "important - happy holidays". Between this and the constant rate drops, I am now looking to move my money back to a local bank.

  • August 18, 2019

    Online Savings Rates


    Bad:
    - QUIET RATE DROPS (I have a couple of other OSAs and the rate drops are always announced by email).
    - UNAVAILABLE CUSTOMER SERVICE (don't try to contact them during non-regular business hours).
    GOOD:
    - Gummy bears, tea, coffee, etc. for birthdays and X-Mas gifts. Small gifts, but it is nice to be recognized as a client.

    3 Stars!

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