Savings

 

From a rainy day to retirement, we know there are a lot of reasons you save. But whatever the reason, we have the savings account that will help you reach your goal. We know you want choices when it comes to savings accounts; that's why at United Bank of Michigan you can choose the savings account that fits your needs. We even offer a high yield savings that provides a competitive rate and liquidity. Stop by or open your account online with United Bank of Michigan, your local bank.

  Statement Savings High-Yield Savings Premium
High-Yield Savings
Christmas Club
Recommended if you want... A regular savings account with a low opening deposit and convenient access to your funds A savings account with competitive interest rates on higher balances A high balance savings account with competitive interest rates An easy way to save for holiday purchases with a low opening deposit
Fees and Rates
Minimum balance Minimum balance of $200 for adults and $50 for minors to avoid monthly service charges Minimum average balance of $2,500 to avoid monthly service charges Minimum balance of $10,000 to avoid monthly service charges None
Monthly service charges $3 if minimum balance not met $15 if minimum average balance not met $30 if minimum balance not met None
Minimum opening deposit $100 for adults
$50 for minors
$100 $100 $5
Interest earned on balance

Variable rate
Compounded monthly
Paid monthly

Tiered Variable rate
Compounded monthly
Paid monthly

Tiered Variable rate
Compounded monthly
Paid monthly

Paid annually
No Compounding

Withdrawals

Unlimited withdrawals allowed in person or at ATMs
A total of 6 preauthorized transfers per month

Unlimited withdrawals allowed in person or at ATMs
A total of 6 preauthorized transfers per month

Unlimited withdrawals allowed in person or at ATMs
A total of 6 preauthorized transfers per month

Not permitted. Early withdrawals will close account with no payment of interest

Account Features
Free Online Banking Yes Yes Yes Yes
Free Mobile Banking* Yes Yes Yes Yes
Free Mobile Deposit* Yes Yes Yes Yes
Free External Transfers** Yes Yes Yes Yes
Free eStatements Yes Yes Yes Yes
ATM card Yes Yes Yes  
Free Email and Text Alerts* Yes Yes Yes Yes
FinanceWorks Yes Yes Yes Yes
 

* Standard messaging, airtime and data charges may apply.

** Subject to approval