Certificates of Deposit
These perennially popular savings instruments pay significantly higher interest rates than savings accounts in return for keeping your money on deposit for a set length of time, ranging anywhere from 90 days to 5 years. Plus, United Bank CDs are available with an opening deposit of just $500. So you can save as much as you want, for as long as you want, and earn big-time interest at maturity. Plus, your money is FDIC-insured up to the legal limit.
| Minimum opening deposit and terms |
$500. Terms from 90 days to 5 years |
|---|---|
| Monthly service charges | None |
| Interest | Fixed rate based on the term of the certificate |
| Withdrawals | Substantial bank penalty for early withdrawal |
Equal Housing Lender.