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Certificates of Deposit | Individual Retirement Account | CDARS | Rates Information
Certificates of Deposit
United Bank offers a full line of Certificates of Deposit, which usually offer the highest rate of return on any savings or time deposit account at our bank. Maturities range from 30 days to 5 years. A penalty may be assessed if the certificate is closed prior to maturity.
| 6 Month CD | 3.10% APY |
Annual Percentage Yield (APY) good as of May 19, 2008.Minimum deposit to purchase a United CD is $500. Penalty for early withdrawal. The penalty is assessed only on the amount withdrawn. Deposits are insured up to the maximum allowed by the FDIC. Since rates may change at any time, you will receive the APY in effect at the time we receive your funds to open this account.
Individual Retirement Accounts
Your retirement savings grow faster in an IRA. United Bank offers both traditional IRAs and the new Roth IRA to give you a choice of retirement plans. For more details, ask for an IRA brochure at any branch.
CDARS® is the Certificate of Deposit Account Registry Service®. And the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $100,000.
Why is that?
One Bank
Everything is handled through our bank. Your large deposit is broken into
smaller amounts and placed with other banks that are members of a special
network. Then, those member banks issue CDs in amounts under $100,000,
so that your entire investment is eligible for FDIC insurance. By working
with just one bank - our bank - you can receive insurance from many.
One Rate
You can earn one rate on your entire investment - so you can forget about
multiple rate negotiations and the need to consolidate multiple disbursement
checks.
One Statement
You receive one regular account statement listing all of your CDs, along with their issuing banks, maturity dates, interest earned, and other details. With CDARS, there's no need to manually consolidate statements, track changing collateral values, or use private surety bonds.
It's that simple. View video.
To learn more, visit a United location today.
