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Universal Savings Non-Interest Bearing Truth in Savings Disclosure

This disclosure contains information about terms, fees, and interest rates for Universal Savings.

Account Opening

To open this account you must deposit at least $50.00 into the account.

Rate Information

This account is not an interest bearing account.

We reserve the right to require written notice, 7 days in advance, before we allow you to withdraw from your account.

Service Charge Information

A monthly service charge of $5.00 will be imposed if your average daily balance falls below $50.00.

You are allowed six (6) withdrawals, of any type, per month, at no charge. Any month that you exceed this number, you will be charged a $3.00 service charge for each additional withdrawal.

Federal Banking Regulations limit the number of preauthorized withdrawals to a combined total of six (6) Telephone and Online banking transfers, and ACH payments to third parties. If you exceed this limitation two months in a rolling 12-month period, your account will be charged $30.00. If you exceed this limitation three times during a rolling 12-month period, Federal Banking Regulations require that your account be closed. Heritage Bank will not open a savings account for you for at least 12 months after closure.

If you do not initiate at least one deposit or withdrawal on this account in a 24 month period, the account will go dormant. There will be a monthly service charge as long as your account is dormant. We reserve the right not to send statements on accounts we consider dormant, subject to state law. Funds in abandoned accounts will be sent to a state agency, in accordance with state law. After the funds have been sent to the state, we are not responsible for them. If you choose to reclaim the funds, you must apply to the state agency. See Additional Terms for corresponding fees.

For customers under the age of 18, the $50.00 minimum balance requirement to avoid the $5.00 monthly service charge is waived until age 18.

Additional Terms

Dormant Account: $10.00 per month
Abandoned Account: $50.00, one-time fee
Foreign Deposited Check: $5.00 per check
Deposited Items Returned: $7.00 per returned check/Foreign items – $15.00
Stop Payments: $35.00 per item, no max
Overdrafts/NSFs: $33.00 per item
Returned NSF Items: $36.00 per item
Account Closure within 6 Months: $30.00
On any one business day if you bring your account to a zero balance, we will assume you wish to close your account. This will cause deposits or withdrawals to reject.
Reopen Closed Account: $10 per time
Negative Balance Closing: $25.00
Returned Mail/Returned eStatement: $5.00

Debit Card

Photo Debit Card: $10.00 per card
Replacement Debit Card: $10.00 for replacement

Heritage Locations


  • Alta IA – 202 Main St Alta, IA 51002
  • Anthon IA – 115 E Main St P.O. Box G Anthon, IA 51004
  • Aurelia IA – 148 Main St P.O. Box 626 Aurelia, IA 51005
  • Cushing IA – 107 Main St P.O. Box 136 Cushing, IA 51018
  • Holstein IA – 101 N Main St P.O. Box 100 Holstein, IA 51025
  • Lytton IA – 200 Main St P.O. Box 229 Lytton, IA 50561
  • Sioux City IA – Downtown – 505 5th Street, Suite 100 Sioux City, IA 51101
  • Sioux City IA – Morningside – 4530 Singing Hills Blvd Sioux City, IA 51106


  • Pennock MN – 242 1st Street N PO Box 189 Pennock, MN 56279-0189
  • Raymond MN – 202 Cofield Street PO Box 235 Raymond, MN 56282
  • Spicer MN – 110 South Street W PO Box 658 Spicer, MN 56288-0658
  • Willmar MN – 310 1st Street SW PO Box 1124 Willmar, MN 56201-1124


  • Sioux Falls SD – 140 N Phillips Ave, Suite 101, Sioux Falls SD 57104


   Revised: 02/26/2019