United Bank of Michigan

Savings Account Comparison Chart

	Statement Savings	Christmas Club	High-Yield Savings	CDs	IRA CODs	Variable IRAs	All-In-One United Account
Recommended if you want...	A regular savings account with a low opening deposit and convenient access to your funds	An easy way to save for holiday purchases with a low opening deposit	An account with competitive interest rates and liquidity	Secure, competitive bank CD rates, with your choice of terms	A safe and secure account for your retirement savings	An account that allows convenient IRA contributions and distributions	Combines checking and savings funds into one account to earn high interest rates that climb higher as your account balance increases
Minimum opening deposit and terms	$100 for adults $50 for minors	$5	$100	$500 Terms from 90 days to 5 years	$500 Terms from 90 days to 5 years	$100 $5 with automatic deposits	$100
Monthly service charges	$2 if balance falls below: Adults: $200 Minors: $50	None	$15 if average balance falls below $2,500	None	None	None	$30 unless minimum average daily balance of $2,500 maintained
Interest	Variable rate Compounded monthly Paid monthly	Paid annually No compounding	Tiered variable rate Compounded monthly Paid monthly	Fixed rate based on the term of the certificate	Fixed rate based on the term of the certificate	Variable rate Compounded monthly Paid monthly	See chart
Withdrawals	Unlimited withdrawals allowed in person or at ATMs A total of 6 preauthorized transfers per monthly statement cycle	Not allowed. Early withdrawals will close account with no payment of interest.	Unlimited withdrawals allowed in person or at ATMs A total of 6 preauthorized transfers per monthly statement cycle	Substantial bank penalty for early withdrawal	Substantial IRS penalty for early withdrawal Convenient distribution choices upon reaching age 59½	Substantial IRA penalty for early withdrawal Convenient distribution choices upon reaching age 59½	Unlimited withdrawals
Unique features			Higher interest rate than regular savings			Make additional deposits at any time.	Check writing capabilities Higher interest rate than regular savings **Up to 5 free ATM transactions at other bank's ATMS per calendar month

** Requires accountholder to have a debit card and a regular direct deposit into the account. For up to 2 ATM cards per account, United Bank will waive our service charges and pay the other banks' assessed service fees for up to 5 ATM transactions per card per billing cycle.